NNN REIT
482 hedge funds and large institutions have $7.25B invested in NNN REIT in 2025 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 198 increasing their positions, 156 reducing their positions, and 52 closing their positions.
100% more call options, than puts
Call options by funds: $8.77M | Put options by funds: $4.38M
27% more repeat investments, than reductions
Existing positions increased: 198 | Existing positions reduced: 156
12% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 52
0% more funds holding
Funds holding: 481 → 482 (+1)
0% less capital invested
Capital invested by funds: $7.26B → $7.25B (-$13.3M)
1.28% less ownership
Funds ownership: 90.62% → 89.34% (-1.3%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$88.8M |
| 2 |
BlackRock
New York
|
+$87M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$23.5M |
| 4 |
FGP
Freestone Grove Partners
San Francisco,
California
|
+$16.9M |
| 5 |
QCM
Quantinno Capital Management
New York
|
+$14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
-$53M |
| 2 |
UBS AM
Chicago,
Illinois
|
-$48.5M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$35.5M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$23.1M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$23M |
NNN Hedge Fund Activity: Q2 2025 in Review
482 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in NNN REIT (NNN) for Q2 2025, worth a combined $7.25B — down 0.18% from $7.26B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new NNN positions and 52 closed out — a net gain of 6 holders — while 198 added to existing stakes and 156 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $88.8M. The largest seller was Centersquare Investment Management, cutting an estimated $53M.
- 482 institutional investors held NNN REIT (NNN) as of Q2 2025, up from 481 in Q1 2025.
- Funds reported $7.25B of NNN REIT stock for Q2 2025, down 0.18% quarter-over-quarter.
- 58 funds opened new NNN REIT positions in Q2 2025 and 52 closed out, a net change of +6 holders.
- The largest NNN REIT buyer in Q2 2025 was Fidelity Investments, an estimated $88.8M added.
- The largest NNN REIT seller in Q2 2025 was Centersquare Investment Management, an estimated $53M sold.
Based on aggregated 13F filings for Q2 2025.