NNN REIT
481 hedge funds and large institutions have $7.26B invested in NNN REIT in 2025 Q1 according to their latest regulatory filings, with 61 funds opening new positions, 187 increasing their positions, 162 reducing their positions, and 63 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
15% more repeat investments, than reductions
Existing positions increased: 187 | Existing positions reduced: 162
3% more capital invested
Capital invested by funds: $7.04B → $7.26B (+$229M)
2% more call options, than puts
Call options by funds: $8.96M | Put options by funds: $8.8M
3% less first-time investments, than exits
New positions opened: 61 | Existing positions closed: 63
1.27% less ownership
Funds ownership: 91.89% → 90.62% (-1.3%)
1% less funds holding
Funds holding: 488 → 481 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$53.9M |
| 2 |
Millennium Management
New York
|
+$43.5M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$34.3M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
+$18.9M |
| 5 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
+$16.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$193M |
| 2 |
LPC
Long Pond Capital
New York
|
-$60.6M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$56.1M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
-$19.5M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$18.4M |
NNN Hedge Fund Activity: Q1 2025 in Review
481 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in NNN REIT (NNN) for Q1 2025, worth a combined $7.26B — up 3.3% from $7.04B a quarter earlier.
Sellers outnumbered buyers: 63 funds closed out of NNN and 61 opened new positions — a net loss of 2 holders — while 162 trimmed existing stakes and 187 added.
The largest buyer was Fidelity Investments, adding an estimated $53.9M. The largest seller was Principal Financial Group, cutting an estimated $193M.
- 481 institutional investors held NNN REIT (NNN) as of Q1 2025, down from 488 in Q4 2024.
- Funds reported $7.26B of NNN REIT stock for Q1 2025, up 3.3% quarter-over-quarter.
- 61 funds opened new NNN REIT positions in Q1 2025 and 63 closed out, a net change of -2 holders.
- The largest NNN REIT buyer in Q1 2025 was Fidelity Investments, an estimated $53.9M added.
- The largest NNN REIT seller in Q1 2025 was Principal Financial Group, an estimated $193M sold.
Based on aggregated 13F filings for Q1 2025.