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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
BlackRock
1
BlackRock
New York
$19M +$4.58M +272,715 +20%
VCM
2
Vanguard Capital Management
Pennsylvania
$10.1M +$14.8M +879,512 New
TSW
3
Thompson Siegel & Walmsley
Virginia
$6.24M +$276K +16,431 +3%
State Street
4
State Street
Massachusetts
$6.18M +$74.6K +4,437 +1%
Geode Capital Management
5
Geode Capital Management
Massachusetts
$4.21M -$998K -59,396 -14%
Millennium Management
6
Millennium Management
New York
$3.49M +$2.34M +139,277 +85%
Two Sigma Investments
7
Two Sigma Investments
New York
$3.28M +$3.6M +214,398 +306%
Dimensional Fund Advisors
8
Dimensional Fund Advisors
Texas
$1.99M -$368K -21,925 -11%
Man Group
9
Man Group
United Kingdom
$1.98M +$1.91M +113,856 +197%
KPF
10
K2 Principal Fund
Ontario, Canada
$1.85M +$97.2K +5,785 +4%
VIM
11
VELA Investment Management
Ohio
$1.54M +$663K +39,453 +42%
RC
12
Rangeley Capital
Connecticut
$1.32M +$780K +46,390 +68%
Northern Trust
13
Northern Trust
Illinois
$1.29M +$87.5K +5,210 +5%
Lazard Asset Management
14
Lazard Asset Management
New York
$1.25M +$1.82M +108,266 New
Morgan Stanley
15
Morgan Stanley
New York
$1.22M -$11.2K -669 -0.6%
LPL Financial
16
LPL Financial
California
$1.08M +$987K +58,713 +169%
VFT
17
Vanguard Fiduciary Trust
Pennsylvania
$1.07M +$1.56M +92,632 New
Goldman Sachs
18
Goldman Sachs
New York
$1.03M +$778K +46,316 +106%
Arrowstreet Capital
19
Arrowstreet Capital
Massachusetts
$1.01M -$235K -13,976 -14%
GCIA
20
Gabelli & Co Investment Advisers
New York
$995K +$148K +8,784 +11%
VPM
21
Vanguard Portfolio Management
Pennsylvania
$993K +$1.45M +86,226 New
BIG
22
Brooklyn Investment Group
New York
$978K +$1.43M +84,940 New
AQR Capital Management
23
AQR Capital Management
Connecticut
$821K +$951K +56,586 +385%
T. Rowe Price Associates
24
T. Rowe Price Associates
Maryland
$814K +$554K +32,949 +87%
Raymond James Financial
25
Raymond James Financial
Florida
$720K +$70.5K +4,194 +7%
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.