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NLOP

Net Lease Office Properties

261 hedge funds and large institutions have $263M invested in Net Lease Office Properties in 2025 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 63 increasing their positions, 71 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

343% more call options, than puts

Call options by funds: $8.91M | Put options by funds: $2.01M

5% less funds holding

Funds holding: 276261 (-15)

11.16% less ownership

Funds ownership: 67.71%56.55% (-11%)

11% less repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 71

16% less capital invested

Capital invested by funds: $312M → $263M (-$49.7M)

32% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 38

67% less funds holding in top 10

Funds holding in top 10: 31 (-2)

Holders
261
Holders Change
-15
Holders Change %
-5.43%
% of All Funds
3.5%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.01%
New
26
Increased
63
Reduced
71
Closed
38
Calls
$8.91M
Puts
$2.01M
Net Calls
+$6.9M
Net Calls Change
+$3.44M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$48M +$69.8K +2,223 +0.1%
BlackRock
2
BlackRock
New York
$42.4M +$33K +1,052 +0.1%
AVI
3
Asset Value Investors
United Kingdom
$24.2M +$6.92M +220,332 +40%
JGC
4
J. Goldman & Co
New York
$15.5M -$4.3M -137,138 -22%
Geode Capital Management
5
Geode Capital Management
Massachusetts
$13M +$1.31M +41,786 +11%
State Street
6
State Street
Massachusetts
$12.7M -$119K -3,803 -0.9%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$6.31M +$131K +4,180 +2%
Morgan Stanley
8
Morgan Stanley
New York
$4.76M -$22.7M -723,271 -83%
TSW
9
Thompson Siegel & Walmsley
Virginia
$4.5M +$3.69M +117,439 +451%
Pacer Advisors
10
Pacer Advisors
Pennsylvania
$4.49M +$4.49M +143,162 New
KPF
11
K2 Principal Fund
Ontario, Canada
$4.39M +$180K +5,725 +4%
GCIA
12
Gabelli & Co Investment Advisers
New York
$4.31M +$788K +25,100 +22%
Charles Schwab
13
Charles Schwab
California
$4.03M +$33.3K +1,062 +0.8%
UBS Group
14
UBS Group
Switzerland
$3.9M +$3.16M +100,585 +427%
Northern Trust
15
Northern Trust
Illinois
$3.73M -$178K -5,655 -5%
GF
16
Gabelli Funds
New York
$3.73M +$1.17M +37,422 +46%
Russell Investments Group
17
Russell Investments Group
United Kingdom
$3.71M +$1.84M +58,479 +98%
RC
18
Rangeley Capital
Connecticut
$3.45M -$1.8M -57,436 -34%
Arrowstreet Capital
19
Arrowstreet Capital
Massachusetts
$3.2M -$413K -13,145 -11%
DS
20
DRW Securities
Illinois
$3.16M +$865K +27,564 +38%
D.E. Shaw & Co
21
D.E. Shaw & Co
New York
$3.13M +$572K +18,238 +22%
Invesco
22
Invesco
Georgia
$2.97M +$2.74M +87,385 +1,223%
Renaissance Technologies
23
Renaissance Technologies
New York
$2.86M +$778K +24,800 +37%
Two Sigma Investments
24
Two Sigma Investments
New York
$1.64M +$82.7K +2,635 +5%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$1.5M -$26.1K -833 -2%

NLOP Hedge Fund Activity: Q1 2025 in Review

261 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Net Lease Office Properties (NLOP) for Q1 2025, worth a combined $263M — down 16% from $312M a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of NLOP and 26 opened new positions — a net loss of 12 holders — while 71 trimmed existing stakes and 63 added.

The largest buyer was Asset Value Investors, adding an estimated $6.92M. The largest seller was Long Pond Capital, exiting entirely with an estimated $26.9M sold.

  • 261 institutional investors held Net Lease Office Properties (NLOP) as of Q1 2025, down from 276 in Q4 2024.
  • Funds reported $263M of Net Lease Office Properties stock for Q1 2025, down 16% quarter-over-quarter.
  • 26 funds opened new Net Lease Office Properties positions in Q1 2025 and 38 closed out, a net change of -12 holders.
  • The largest Net Lease Office Properties buyer in Q1 2025 was Asset Value Investors, an estimated $6.92M added.
  • The largest Net Lease Office Properties seller in Q1 2025 was Long Pond Capital, an estimated $26.9M sold.

Based on aggregated 13F filings for Q1 2025.