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NNN REIT
NNN

506 hedge funds and large institutions have $7.22B invested in NNN REIT in 2025 Q3 according to their latest regulatory filings, with 73 funds opening new positions, 205 increasing their positions, 137 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

227% more call options, than puts

Call options by funds: $9.48M | Put options by funds: $2.9M

66% more first-time investments, than exits

New positions opened: 73 | Existing positions closed: 44

50% more repeat investments, than reductions

Existing positions increased: 205 | Existing positions reduced: 137

5% more funds holding

Funds holding: 482 → 506 (+24)

0.73% more ownership

Funds ownership: 89.34% → 90.06% (+0.73%)

0% less capital invested

Capital invested by funds: $7.25B → $7.22B (-$28.2M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
506
Holders Change
+24
Holders Change %
+4.98%
% of All Funds
6.64%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
73
Increased
205
Reduced
137
Closed
44
Calls
$9.48M
Puts
$2.9M
Net Calls
+$6.58M
Net Calls Change
+$2.19M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$63.3M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$63.1M
3
UBS AM
UBS AM
Illinois
+$44.1M
4
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
+$25.5M
5
JP Morgan Chase
JP Morgan Chase
New York
+$24.5M

Top Sellers

1
VNIM
Vaughan Nelson Investment Management
Texas
-$51.9M
2
Citadel Advisors
Citadel Advisors
Florida
-$49.8M
3
Millennium Management
Millennium Management
New York
-$29.3M
4
Two Sigma Advisers
Two Sigma Advisers
New York
-$24.7M
5
CIM
Centersquare Investment Management
Pennsylvania
-$20M
Name Holding Trade Value Shares
Change 		Change in
Stake
SFI
126
Susquehanna Fundamental Investments
Pennsylvania
$3.08M – – –
SG Americas Securities
127
SG Americas Securities
New York
$3.08M +$2.65M +62,299 +616%
State of Tennessee, Department of Treasury
128
State of Tennessee, Department of Treasury
Tennessee
$3.05M – – –
American Century Companies
129
American Century Companies
Missouri
$3.04M +$232K +5,474 +8%
Daiwa Securities Group
130
Daiwa Securities Group
Japan
$3.03M +$89K +2,097 +3%
VI
131
Vestcor Inc
New Brunswick, Canada
$3.02M +$2.51M +59,051 +498%
Mercer Global Advisors
132
Mercer Global Advisors
Colorado
$3.01M +$2.21M +51,955 +276%
Handelsbanken Fonder
133
Handelsbanken Fonder
Sweden
$2.86M +$586K +13,800 +26%
ISFAN
134
Investor's Fiduciary Advisor Network
Washington
$2.83M +$2.33K +55 +0.1%
YCM
135
Yousif Capital Management
Michigan
$2.8M -$158K -3,730 -5%
BNP Paribas Financial Markets
136
BNP Paribas Financial Markets
France
$2.78M -$447K -10,523 -14%
JIC
137
Johnson Investment Counsel
Ohio
$2.74M +$23.4K +551 +0.9%
P
138
&Partners
Tennessee
$2.74M +$162K +3,805 +6%
SEI Investments
139
SEI Investments
Pennsylvania
$2.63M -$575K -13,543 -18%
SFM
140
Systematic Financial Management
New Jersey
$2.59M +$5.52K +130 +0.2%
STA
141
Summit Trail Advisors
New York
$2.43M +$889K +20,946 +58%
VFA
142
Values First Advisors
Tennessee
$2.41M +$17.9K +422 +0.8%
GCM
143
Graham Capital Management
Connecticut
$2.38M +$900K +21,191 +61%
ASRS
144
Arizona State Retirement System
Arizona
$2.37M +$31.5K +741 +1%
CAU
145
Caxton Associates (UK)
$2.3M +$2.3M +54,067 New
TRSOTSOK
146
Teachers Retirement System of the State of Kentucky
Kentucky
$2.3M – – –
YIH
147
Y-Intercept (HK)
Hong Kong
$2.29M +$1.03M +24,341 +83%
UM
148
UniSuper Management
Australia
$2.27M – – –
AFG
149
Albion Financial Group
Utah
$2.26M +$94.6K +2,228 +4%
LSERS
150
Louisiana State Employees Retirement System
Louisiana
$2.24M -$12.7K -300 -0.6%
4 5
6
7 8

NNN Hedge Fund Activity: Q3 2025 in Review

506 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in NNN REIT (NNN) for Q3 2025, worth a combined $7.22B — down 0.39% from $7.25B a quarter earlier.

Buyers outnumbered sellers: 73 funds opened new NNN positions and 44 closed out — a net gain of 29 holders — while 205 added to existing stakes and 137 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $63.3M. The largest seller was Vaughan Nelson Investment Management, exiting entirely with an estimated $51.9M sold.

  • 506 institutional investors held NNN REIT (NNN) as of Q3 2025, up from 482 in Q2 2025.
  • Funds reported $7.22B of NNN REIT stock for Q3 2025, down 0.39% quarter-over-quarter.
  • 73 funds opened new NNN REIT positions in Q3 2025 and 44 closed out, a net change of +29 holders.
  • The largest NNN REIT buyer in Q3 2025 was Fidelity Investments, an estimated $63.3M added.
  • The largest NNN REIT seller in Q3 2025 was Vaughan Nelson Investment Management, an estimated $51.9M sold.

Based on aggregated 13F filings for Q3 2025.