Broadstone Net Lease
351 hedge funds and large institutions have $2.92B invested in Broadstone Net Lease in 2025 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 127 increasing their positions, 109 reducing their positions, and 25 closing their positions.
237% more call options, than puts
Call options by funds: $3.57M | Put options by funds: $1.06M
120% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 25
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
17% more repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 109
6% more funds holding
Funds holding: 331 → 351 (+20)
6.04% more ownership
Funds ownership: 82.67% → 88.71% (+6%)
4% more capital invested
Capital invested by funds: $2.8B → $2.92B (+$122M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$66.3M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$65.5M |
| 3 |
NEPWA
New England Private Wealth Advisors
Wellesley,
Massachusetts
|
+$28.4M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$24.3M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$19.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$38M |
| 2 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
-$24M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$16.1M |
| 4 |
Millennium Management
New York
|
-$12M |
| 5 |
Goldman Sachs
New York
|
-$11.3M |
BNL Hedge Fund Activity: Q4 2025 in Review
351 institutional investors reported a position in Broadstone Net Lease (BNL) for Q4 2025, worth a combined $2.92B — up 4.4% from $2.8B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new BNL positions and 25 closed out — a net gain of 30 holders — while 127 added to existing stakes and 109 trimmed.
The largest buyer was BlackRock, adding an estimated $66.3M. The largest seller was Hudson Bay Capital Management, exiting entirely with an estimated $38M sold.
- 351 institutional investors held Broadstone Net Lease (BNL) as of Q4 2025, up from 331 in Q3 2025.
- Funds reported $2.92B of Broadstone Net Lease stock for Q4 2025, up 4.4% quarter-over-quarter.
- 55 funds opened new Broadstone Net Lease positions in Q4 2025 and 25 closed out, a net change of +30 holders.
- The largest Broadstone Net Lease buyer in Q4 2025 was BlackRock, an estimated $66.3M added.
- The largest Broadstone Net Lease seller in Q4 2025 was Hudson Bay Capital Management, an estimated $38M sold.
Based on aggregated 13F filings for Q4 2025.