Broadstone Net Lease
BNL
321 hedge funds and large institutions have $2.54B invested in Broadstone Net Lease in 2025 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 149 increasing their positions, 92 reducing their positions, and 29 closing their positions.
826% more call options, than puts
Call options by funds: $3.36M | Put options by funds: $363K
62% more repeat investments, than reductions
Existing positions increased: 149 | Existing positions reduced: 92
24% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 29
2% more funds holding
Funds holding: 316 → 321 (+5)
0.11% less ownership
Funds ownership: 83.67% → 83.56% (-0.11%)
1% less capital inflows, than outflows
Capital inflows: $335M | Capital outflows: $338M
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$47.3M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
+$38.9M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$25.7M |
| 4 |
Goldman Sachs
New York
|
+$23.1M |
| 5 |
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
+$15.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$185M |
| 2 |
New England Private Wealth Advisors
Wellesley,
Massachusetts
|
-$27.9M |
| 3 |
Heitman Real Estate Securities
Chicago,
Illinois
|
-$13.8M |
| 4 |
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
-$11.1M |
| 5 |
AEW Capital Management
Boston,
Massachusetts
|
-$8.72M |
BNL Hedge Fund Activity: Q2 2025 in Review
321 of the 7,628 institutional investors tracked by Wall St. Rank reported a position in Broadstone Net Lease (BNL) for Q2 2025, worth a combined $2.54B — down 5.9% from $2.7B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new BNL positions and 29 closed out — a net gain of 7 holders — while 149 added to existing stakes and 92 trimmed.
The largest buyer was Balyasny Asset Management, adding an estimated $47.3M. The largest seller was Principal Financial Group, cutting an estimated $185M.
- 321 institutional investors held Broadstone Net Lease (BNL) as of Q2 2025, up from 316 in Q1 2025.
- Funds reported $2.54B of Broadstone Net Lease stock for Q2 2025, down 5.9% quarter-over-quarter.
- 36 funds opened new Broadstone Net Lease positions in Q2 2025 and 29 closed out, a net change of +7 holders.
- The largest Broadstone Net Lease buyer in Q2 2025 was Balyasny Asset Management, an estimated $47.3M added.
- The largest Broadstone Net Lease seller in Q2 2025 was Principal Financial Group, an estimated $185M sold.
Based on aggregated 13F filings for Q2 2025.