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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$6.89M |
| 2 |
Millennium Management
New York
|
+$3.57M |
| 3 |
Man Group
London,
United Kingdom
|
+$966K |
| 4 |
BCM
Bluefin Capital Management
New York
|
+$848K |
| 5 |
GCWM
Graham Capital Wealth Management
Washington D.c.,
District of Columbia
|
+$704K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GF
Gabelli Funds
Rye,
New York
|
-$2.66M |
| 2 |
JGC
J. Goldman & Co
New York
|
-$2.41M |
| 3 |
Renaissance Technologies
New York
|
-$1.88M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$1.75M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.72M |
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.