NNN REIT
267 hedge funds and large institutions have $3.6B invested in NNN REIT in 2013 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 116 increasing their positions, 84 reducing their positions, and 23 closing their positions.
65% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 23
38% more repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 84
6% more funds holding
Funds holding: 253 → 267 (+14)
0.7% less ownership
Funds ownership: 94.13% → 93.42% (-0.7%)
8% less call options, than puts
Call options by funds: $1.47M | Put options by funds: $1.59M
6% less capital invested
Capital invested by funds: $3.83B → $3.6B (-$229M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$104M |
| 2 |
Morgan Stanley
New York
|
+$39.7M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$34.7M |
| 4 |
Millennium Management
New York
|
+$22.8M |
| 5 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
+$18.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$66.1M |
| 2 |
BNP Paribas Asset Management
Paris,
France
|
-$47.4M |
| 3 |
SMDAM
Sumitomo Mitsui DS Asset Management
Tokyo,
Japan
|
-$46.6M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$27M |
| 5 |
BG
Bahl & Gaynor
Cincinnati,
Ohio
|
-$26.4M |
NNN Hedge Fund Activity: Q3 2013 in Review
267 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in NNN REIT (NNN) for Q3 2013, worth a combined $3.6B — down 6% from $3.83B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new NNN positions and 23 closed out — a net gain of 15 holders — while 116 added to existing stakes and 84 trimmed.
The largest buyer was State Street, adding an estimated $104M. The largest seller was JP Morgan Chase, cutting an estimated $66.1M.
- 267 institutional investors held NNN REIT (NNN) as of Q3 2013, up from 253 in Q2 2013.
- Funds reported $3.6B of NNN REIT stock for Q3 2013, down 6% quarter-over-quarter.
- 38 funds opened new NNN REIT positions in Q3 2013 and 23 closed out, a net change of +15 holders.
- The largest NNN REIT buyer in Q3 2013 was State Street, an estimated $104M added.
- The largest NNN REIT seller in Q3 2013 was JP Morgan Chase, an estimated $66.1M sold.
Based on aggregated 13F filings for Q3 2013.