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NLOP

Net Lease Office Properties
NLOP

254 hedge funds and large institutions have $217M invested in Net Lease Office Properties in 2025 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 66 increasing their positions, 61 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

61% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 23

55% more call options, than puts

Call options by funds: $1.41M | Put options by funds: $905K

3% more funds holding

Funds holding: 247 → 254 (+7)

8% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 61

0.09% more ownership

Funds ownership: 56.76% → 56.84% (+0.09%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

13% less capital invested

Capital invested by funds: $250M → $217M (-$32.9M)

Holders
254
Holders Change
+7
Holders Change %
+2.83%
% of All Funds
3.09%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
37
Increased
66
Reduced
61
Closed
23
Calls
$1.41M
Puts
$905K
Net Calls
+$500K
Net Calls Change
-$2.94M

Top Buyers

1
TSW
Thompson Siegel & Walmsley
Virginia
+$6.89M
2
Millennium Management
Millennium Management
New York
+$3.57M
3
Man Group
Man Group
United Kingdom
+$966K
4
BCM
Bluefin Capital Management
New York
+$848K
5
GCWM
Graham Capital Wealth Management
District of Columbia
+$704K

Top Sellers

1
GF
Gabelli Funds
New York
-$2.66M
2
JGC
J. Goldman & Co
New York
-$2.41M
3
Renaissance Technologies
Renaissance Technologies
New York
-$1.88M
4
Russell Investments Group
Russell Investments Group
United Kingdom
-$1.75M
5
UBS Group
UBS Group
Switzerland
-$1.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
KAS
76
Kestra Advisory Services
Texas
$207K +$12.6K +447 +6%
Mirae Asset Global ETFs Holdings
77
Mirae Asset Global ETFs Holdings
Hong Kong
$178K -$1.53K -54 -0.8%
RAM
78
Resona Asset Management
Japan
$163K -$1.5K -53 -0.8%
New York State Common Retirement Fund
79
New York State Common Retirement Fund
New York
$159K – – –
BNP Paribas Asset Management
80
BNP Paribas Asset Management
France
$153K +$169K +5,965 New
Daiwa Securities Group
81
Daiwa Securities Group
Japan
$145K +$7.16K +253 +5%
DSC
82
Daytona Street Capital
Missouri
$129K +$141K +5,000 New
FIA
83
FNY Investment Advisers
New York
$128K +$99K +3,500 +233%
Osaic Holdings
84
Osaic Holdings
Arizona
$121K -$15K -529 -10%
SAM
85
Storebrand Asset Management
Norway
$118K – – –
PFSRSONJ
86
Police & Firemen's Retirement System of New Jersey
New Jersey
$114K -$735 -26 -0.6%
Mirae Asset Global Investments
87
Mirae Asset Global Investments
South Korea
$94.9K -$45.3K -1,600 -26%
BNP Paribas Financial Markets
88
BNP Paribas Financial Markets
France
$89.7K +$16.7K +591 +20%
SIM
89
Sandia Investment Management
Massachusetts
$86.1K +$94.4K +3,339 New
Russell Investments Group
90
Russell Investments Group
United Kingdom
$85.1K -$1.75M -62,014 -95%
SO
91
STRS Ohio
Ohio
$72.2K – – –
AF
92
Allworth Financial
California
$71.9K +$10.9K +384 +16%
Royal Bank of Canada
93
Royal Bank of Canada
Ontario, Canada
$65K -$134K -4,726 -65%
SOAMC
94
Spirit of America Management Corp
New York
$48.3K – – –
GWM
95
Geneos Wealth Management
Colorado
$46.3K -$27.8K -982 -35%
A
96
AlphaQuest
New York
$40.8K +$15.7K +556 +54%
AIP
97
Ameritas Investment Partners
Nebraska
$37.5K – – –
Legal & General Group
98
Legal & General Group
United Kingdom
$34.9K – – –
GRP
99
Global Retirement Partners
California
$28K +$905 +32 +3%
DekaBank Deutsche Girozentrale
100
DekaBank Deutsche Girozentrale
Germany
$28K – – –
2 3
4
5 6

NLOP Hedge Fund Activity: Q4 2025 in Review

254 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Net Lease Office Properties (NLOP) for Q4 2025, worth a combined $217M — down 13% from $250M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new NLOP positions and 23 closed out — a net gain of 14 holders — while 66 added to existing stakes and 61 trimmed.

The largest buyer was Thompson Siegel & Walmsley, adding an estimated $6.89M. The largest seller was Gabelli Funds, exiting entirely with an estimated $2.66M sold.

  • 254 institutional investors held Net Lease Office Properties (NLOP) as of Q4 2025, up from 247 in Q3 2025.
  • Funds reported $217M of Net Lease Office Properties stock for Q4 2025, down 13% quarter-over-quarter.
  • 37 funds opened new Net Lease Office Properties positions in Q4 2025 and 23 closed out, a net change of +14 holders.
  • The largest Net Lease Office Properties buyer in Q4 2025 was Thompson Siegel & Walmsley, an estimated $6.89M added.
  • The largest Net Lease Office Properties seller in Q4 2025 was Gabelli Funds, an estimated $2.66M sold.

Based on aggregated 13F filings for Q4 2025.