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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
State of Wisconsin Investment Board
176
State of Wisconsin Investment Board
Wisconsin
$1.58M +$11K +260 +0.7%
NMERB
177
New Mexico Educational Retirement Board
New Mexico
$1.58M – – –
Pacer Advisors
178
Pacer Advisors
Pennsylvania
$1.5M +$1.5M +35,232 New
Cambridge Investment Research Advisors
179
Cambridge Investment Research Advisors
Iowa
$1.45M +$188K +4,425 +15%
BHCM
180
Brevan Howard Capital Management
Jersey
$1.45M -$1.5M -35,286 -51%
Pathstone Holdings
181
Pathstone Holdings
New Jersey
$1.44M +$33.6K +792 +2%
RP
182
Riverwater Partners
Wisconsin
$1.44M +$55.5K +1,308 +4%
MWM
183
MFG Wealth Management
Indiana
$1.4M +$1.4M +32,931 New
PCM
184
Penserra Capital Management
California
$1.37M +$45.4K +1,070 +3%
AssetMark Inc
185
AssetMark Inc
California
$1.37M +$55K +1,295 +4%
URS
186
Utah Retirement Systems
Utah
$1.32M – – –
MMHP
187
Murphy Middleton Hinkle & Parker
Georgia
$1.3M -$34.5K -813 -3%
SCM
188
Schnieders Capital Management
California
$1.3M +$246K +5,800 +24%
II
189
IFM Investors
Australia
$1.29M +$6.33K +149 +0.5%
IC
190
Inscription Capital
Texas
$1.29M +$876K +20,641 +216%
Focus Partners Wealth
191
Focus Partners Wealth
Massachusetts
$1.25M +$950K +22,374 +318%
DB
192
Danske Bank
Denmark
$1.21M -$455K -10,717 -27%
EMPI
193
Elo Mutual Pension Insurance
Finland
$1.21M +$132K +3,120 +12%
Ensign Peak Advisors
194
Ensign Peak Advisors
Utah
$1.2M -$870K -20,500 -42%
NAM
195
Nissay Asset Management
Japan
$1.18M – – –
SFA
196
Sequoia Financial Advisors
Ohio
$1.17M +$952K +22,428 +446%
IA
197
Inspire Advisors
Idaho
$1.17M +$1.17M +27,446 New
SPIA
198
Steward Partners Investment Advisory
New York
$1.14M +$241K +5,674 +27%
Pictet Asset Management
199
Pictet Asset Management
Switzerland
$1.12M -$95.8K -2,256 -8%
Lazard Asset Management
200
Lazard Asset Management
New York
$1.09M -$1.25M -29,538 -54%
6 7
8
9 10

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.