NexPoint Real Estate Finance
NREF
28 hedge funds and large institutions have $38.7M invested in NexPoint Real Estate Finance in 2020 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 7 reducing their positions, and 10 closing their positions.
86% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 7
9% less capital invested
Capital invested by funds: $42.5M → $38.7M (-$3.82M)
9.46% less ownership
Funds ownership: 55.31% → 45.85% (-9.5%)
22% less funds holding
Funds holding: 36 → 28 (-8)
70% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$1.06M |
| 2 |
Two Sigma Advisers
New York
|
+$922K |
| 3 |
Renaissance Technologies
New York
|
+$747K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$453K |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$165K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.95M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$3.44M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$2.39M |
| 4 |
PM
Precept Management
Dallas,
Texas
|
-$881K |
| 5 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
-$501K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $13K | +$10.5K | +673 | +660% |
|
27
Morgan Stanley
New York
| $1K | – | – | – |
|
28
Wells Fargo
San Francisco,
California
| $1K | – | – | – |
|
|
29
Fidelity Investments
Boston,
Massachusetts
| – | -$3.95M | -269,200 | Closed |
|
|
30
Alyeska Investment Group
Chicago,
Illinois
| – | -$2.39M | -162,811 | Closed |
|
|
PM
31
Precept Management
Dallas,
Texas
| – | -$881K | -60,000 | Closed |
|
|
EVC
32
Eidelman Virant Capital
Saint Louis,
Missouri
| – | -$170K | -11,500 | Closed |
|
33
Ameriprise
Minneapolis,
Minnesota
| – | -$153K | -10,390 | Closed |
|
|
BWA
34
BDO Wealth Advisors
Jacksonville,
Florida
| – | -$32K | -2,160 | Closed |
|
35
UBS Group
Zurich,
Switzerland
| – | -$23K | -1,553 | Closed |
|
|
EA
36
Emerald Advisers
Leola,
Pennsylvania
| – | -$11K | -775 | Closed |
|
37
Bank of America
Charlotte,
North Carolina
| – | -$1K | -61 | Closed |
|
NREF Hedge Fund Activity: Q4 2020 in Review
28 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in NexPoint Real Estate Finance (NREF) for Q4 2020, worth a combined $38.7M — down 9% from $42.5M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NREF and 3 opened new positions — a net loss of 7 holders — while 7 trimmed existing stakes and 13 added.
The largest buyer was Two Sigma Investments, opening a new position worth an estimated $1.06M. The largest seller was Fidelity Investments, exiting entirely with an estimated $3.95M sold.
- 28 institutional investors held NexPoint Real Estate Finance (NREF) as of Q4 2020, down from 36 in Q3 2020.
- Funds reported $38.7M of NexPoint Real Estate Finance stock for Q4 2020, down 9% quarter-over-quarter.
- 3 funds opened new NexPoint Real Estate Finance positions in Q4 2020 and 10 closed out, a net change of -7 holders.
- The largest NexPoint Real Estate Finance buyer in Q4 2020 was Two Sigma Investments, an estimated $1.06M added.
- The largest NexPoint Real Estate Finance seller in Q4 2020 was Fidelity Investments, an estimated $3.95M sold.
Based on aggregated 13F filings for Q4 2020.