Net Lease Office Properties
NLOP
246 hedge funds and large institutions have $91.9M invested in Net Lease Office Properties in 2026 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 72 increasing their positions, 50 reducing their positions, and 35 closing their positions.
253% more call options, than puts
Call options by funds: $1.77M | Put options by funds: $500K
44% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 50
3% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 35
3% less funds holding
Funds holding: 254 → 246 (-8)
4.12% less ownership
Funds ownership: 56.84% → 52.72% (-4.1%)
58% less capital invested
Capital invested by funds: $217M → $91.9M (-$125M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$4.58M |
| 2 |
Two Sigma Investments
New York
|
+$3.6M |
| 3 |
Millennium Management
New York
|
+$2.34M |
| 4 |
Man Group
London,
United Kingdom
|
+$1.91M |
| 5 |
Lazard Asset Management
New York
|
+$1.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AVI
Asset Value Investors
London,
United Kingdom
|
-$19.7M |
| 2 |
JGC
J. Goldman & Co
New York
|
-$13.3M |
| 3 |
GCWM
Graham Capital Wealth Management
Washington D.c.,
District of Columbia
|
-$2.19M |
| 4 |
DS
DRW Securities
Chicago,
Illinois
|
-$2.06M |
| 5 |
MM
Marnell Management
Farmington Hills,
Michigan
|
-$1.75M |
NLOP Hedge Fund Activity: Q1 2026 in Review
246 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Net Lease Office Properties (NLOP) for Q1 2026, worth a combined $91.9M — down 58% from $217M a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new NLOP positions and 35 closed out — a net gain of 1 holder — while 72 added to existing stakes and 50 trimmed.
The largest buyer was BlackRock, adding an estimated $4.58M. The largest seller was Asset Value Investors, exiting entirely with an estimated $19.7M sold.
- 246 institutional investors held Net Lease Office Properties (NLOP) as of Q1 2026, down from 254 in Q4 2025.
- Funds reported $91.9M of Net Lease Office Properties stock for Q1 2026, down 58% quarter-over-quarter.
- 36 funds opened new Net Lease Office Properties positions in Q1 2026 and 35 closed out, a net change of +1 holder.
- The largest Net Lease Office Properties buyer in Q1 2026 was BlackRock, an estimated $4.58M added.
- The largest Net Lease Office Properties seller in Q1 2026 was Asset Value Investors, an estimated $19.7M sold.
Based on aggregated 13F filings for Q1 2026.