Net Lease Office Properties
NLOP
273 hedge funds and large institutions have $219M invested in Net Lease Office Properties in 2024 Q1 according to their latest regulatory filings, with 75 funds opening new positions, 57 increasing their positions, 93 reducing their positions, and 69 closing their positions.
106% more call options, than puts
Call options by funds: $130K | Put options by funds: $63K
36% more capital invested
Capital invested by funds: $161M → $219M (+$58.1M)
2.74% more ownership
Funds ownership: 59.49% → 62.22% (+2.7%)
1% more funds holding
Funds holding: 270 → 273 (+3)
9% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 69
39% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 93
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Conversant Capital
Summit,
New Jersey
|
+$10.2M |
| 2 |
GCCM
Gate City Capital Management
Chicago,
Illinois
|
+$4.47M |
| 3 |
Renaissance Technologies
New York
|
+$2.96M |
| 4 |
UFM
Ursa Fund Management
Danville,
California
|
+$2.77M |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$2.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$6.5M |
| 2 |
BlackRock
New York
|
-$6.46M |
| 3 |
LPC
Long Pond Capital
New York
|
-$5.3M |
| 4 |
JGC
J. Goldman & Co
New York
|
-$4.44M |
| 5 |
WCP
Waterfront Capital Partners
New York
|
-$2.67M |
NLOP Hedge Fund Activity: Q1 2024 in Review
273 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Net Lease Office Properties (NLOP) for Q1 2024, worth a combined $219M — up 36% from $161M a quarter earlier.
Buyers outnumbered sellers: 75 funds opened new NLOP positions and 69 closed out — a net gain of 6 holders — while 57 added to existing stakes and 93 trimmed.
The largest buyer was Conversant Capital, opening a new position worth an estimated $10.2M. The largest seller was State Street, cutting an estimated $6.5M.
- 273 institutional investors held Net Lease Office Properties (NLOP) as of Q1 2024, up from 270 in Q4 2023.
- Funds reported $219M of Net Lease Office Properties stock for Q1 2024, up 36% quarter-over-quarter.
- 75 funds opened new Net Lease Office Properties positions in Q1 2024 and 69 closed out, a net change of +6 holders.
- The largest Net Lease Office Properties buyer in Q1 2024 was Conversant Capital, an estimated $10.2M added.
- The largest Net Lease Office Properties seller in Q1 2024 was State Street, an estimated $6.5M sold.
Based on aggregated 13F filings for Q1 2024.