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NLOP

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
246
Holders Change
-8
Holders Change %
-3.15%
% of All Funds
3.03%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
36
Increased
72
Reduced
50
Closed
35
Calls
$1.77M
Puts
$500K
Net Calls
+$1.27M
Net Calls Change
+$766K

Top Buyers

1
BlackRock
BlackRock
New York
+$4.58M
2
Two Sigma Investments
Two Sigma Investments
New York
+$3.6M
3
Millennium Management
Millennium Management
New York
+$2.34M
4
Man Group
Man Group
United Kingdom
+$1.91M
5
Lazard Asset Management
Lazard Asset Management
New York
+$1.82M

Top Sellers

1
AVI
Asset Value Investors
United Kingdom
-$19.7M
2
JGC
J. Goldman & Co
New York
-$13.3M
3
GCWM
Graham Capital Wealth Management
District of Columbia
-$2.19M
4
DS
DRW Securities
Illinois
-$2.06M
5
MM
Marnell Management
Michigan
-$1.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
Invesco
51
Invesco
Georgia
$288K -$689 -41 -0.2%
VA
52
Verdad Advisers
Massachusetts
$276K +$402K +23,929 New
Nomura Asset Management
53
Nomura Asset Management
Japan
$267K – – –
State of Wisconsin Investment Board
54
State of Wisconsin Investment Board
Wisconsin
$266K -$18.4K -1,097 -5%
Brown Advisory
55
Brown Advisory
Maryland
$257K -$8.55K -509 -2%
RhumbLine Advisers
56
RhumbLine Advisers
Massachusetts
$245K -$3.09K -184 -0.9%
EAM
57
Empirical Asset Management
Massachusetts
$242K +$353K +21,036 New
Asset Management One
58
Asset Management One
Japan
$231K – – –
CCM
59
Corsair Capital Management
New York
$223K – – –
Ohio Public Employees Retirement System (OPERS)
60
Ohio Public Employees Retirement System (OPERS)
Ohio
$204K -$51.6K -3,069 -15%
BHCM
61
Brevan Howard Capital Management
Jersey
$192K +$279K +16,632 New
Nisa Investment Advisors
62
Nisa Investment Advisors
Missouri
$182K +$28.4K +1,690 +16%
FIA
63
FNY Investment Advisers
New York
$172K +$168K +10,000 +200%
Sumitomo Mitsui Trust Group
64
Sumitomo Mitsui Trust Group
Japan
$167K -$9.33K -555 -4%
UBS Group
65
UBS Group
Switzerland
$162K -$27.4K -1,631 -10%
Jacobs Levy Equity Management
66
Jacobs Levy Equity Management
New Jersey
$160K – – –
Citigroup
67
Citigroup
New York
$151K -$42.7K -2,544 -16%
VCA
68
Verdence Capital Advisors
Maryland
$142K +$1.36K +81 +0.7%
KAS
69
Kestra Advisory Services
Texas
$141K +$69.8K +4,153 +52%
Point72 Asset Management
70
Point72 Asset Management
Connecticut
$137K +$200K +11,897 New
AWM
71
Able Wealth Management
New Jersey
$124K +$181K +10,766 New
Mitsubishi UFJ Asset Management
72
Mitsubishi UFJ Asset Management
Japan
$123K – – –
Mariner
73
Mariner
Kansas
$122K -$111K -6,595 -38%
Russell Investments Group
74
Russell Investments Group
United Kingdom
$122K +$122K +7,258 +220%
SOADOR
75
State of Alaska Department of Revenue
Alaska
$108K +$3.11K +185 +2%
1 2
3
4 5

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.