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NNN REIT

379 hedge funds and large institutions have $5.21B invested in NNN REIT in 2020 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 139 increasing their positions, 140 reducing their positions, and 82 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.12% more ownership

Funds ownership: 90%94.12% (+4.1%)

1% less repeat investments, than reductions

Existing positions increased: 139 | Existing positions reduced: 140

3% less call options, than puts

Call options by funds: $3.33M | Put options by funds: $3.43M

10% less funds holding

Funds holding: 423379 (-44)

37% less capital invested

Capital invested by funds: $8.27B → $5.21B (-$3.06B)

49% less first-time investments, than exits

New positions opened: 42 | Existing positions closed: 82

50% less funds holding in top 10

Funds holding in top 10: 42 (-2)

Holders
379
Holders Change
-44
Holders Change %
-10.4%
% of All Funds
8.35%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.04%
New
42
Increased
139
Reduced
140
Closed
82
Calls
$3.33M
Puts
$3.43M
Net Calls
-$104K
Net Calls Change
-$1.13M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$822M +$27.1M +539,138 +2%
BlackRock
2
BlackRock
New York
$770M -$31.7M -632,087 -3%
State Street
3
State Street
Massachusetts
$443M +$18.3M +363,417 +3%
Victory Capital Management
4
Victory Capital Management
Texas
$253M +$236M +4,690,143 +148%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$239M -$53.9M -1,073,809 -13%
JP Morgan Chase
6
JP Morgan Chase
New York
$199M +$3.81M +75,938 +1%
Invesco
7
Invesco
Georgia
$131M +$118M +2,347,378 +136%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$129M -$10.4M -207,658 -5%
Daiwa Securities Group
9
Daiwa Securities Group
Japan
$101M +$6.64M +132,155 +4%
Sumitomo Mitsui Trust Group
10
Sumitomo Mitsui Trust Group
Japan
$96M +$100M +1,998,765 +203%
Cohen & Steers
11
Cohen & Steers
New York
$94.5M -$2.25M -44,877 -2%
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$82.1M -$600K -11,941 -0.5%
Northern Trust
13
Northern Trust
Illinois
$79.3M +$6.19M +123,169 +5%
LIMS
14
Lasalle Investment Management Securities
Maryland
$76.3M +$47.7M +949,395 +67%
BPSG
15
Brookfield Public Securities Group
New York
$71.7M +$112M +2,226,016 New
Geode Capital Management
16
Geode Capital Management
Massachusetts
$69.2M +$1.14M +22,794 +1%
Wells Fargo
17
Wells Fargo
California
$69.2M -$792K -15,762 -0.7%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$67.6M +$4.51M +89,775 +4%
Federated Hermes
19
Federated Hermes
Pennsylvania
$59M -$2.35M -46,783 -2%
N
20
Nuveen
North Carolina
$57.9M +$19.3M +384,263 +27%
Norges Bank
21
Norges Bank
Norway
$54M +$2.78M +55,295 +3%
Legal & General Group
22
Legal & General Group
United Kingdom
$50.7M +$6.7M +133,498 +9%
California Public Employees Retirement System
23
California Public Employees Retirement System
California
$46.5M +$4.36M +86,731 +6%
Principal Financial Group
24
Principal Financial Group
Iowa
$45M -$13.5M -268,705 -16%
ACM
25
AEW Capital Management
Massachusetts
$38.8M -$3.25M -64,756 -5%

NNN Hedge Fund Activity: Q1 2020 in Review

379 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in NNN REIT (NNN) for Q1 2020, worth a combined $5.21B — down 37% from $8.27B a quarter earlier.

Sellers outnumbered buyers: 82 funds closed out of NNN and 42 opened new positions — a net loss of 40 holders — while 140 trimmed existing stakes and 139 added.

The largest buyer was Victory Capital Management, adding an estimated $236M. The largest seller was Fidelity Investments, cutting an estimated $53.9M.

  • 379 institutional investors held NNN REIT (NNN) as of Q1 2020, down from 423 in Q4 2019.
  • Funds reported $5.21B of NNN REIT stock for Q1 2020, down 37% quarter-over-quarter.
  • 42 funds opened new NNN REIT positions in Q1 2020 and 82 closed out, a net change of -40 holders.
  • The largest NNN REIT buyer in Q1 2020 was Victory Capital Management, an estimated $236M added.
  • The largest NNN REIT seller in Q1 2020 was Fidelity Investments, an estimated $53.9M sold.

Based on aggregated 13F filings for Q1 2020.