NexPoint Real Estate Finance
NREF
86 hedge funds and large institutions have $173M invested in NexPoint Real Estate Finance in 2026 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 29 increasing their positions, 29 reducing their positions, and 7 closing their positions.
114% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 7
94% more call options, than puts
Call options by funds: $31K | Put options by funds: $16K
9% more funds holding
Funds holding: 79 → 86 (+7)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 29
0.11% less ownership
Funds ownership: 72.76% → 72.65% (-0.11%)
4% less capital invested
Capital invested by funds: $182M → $173M (-$8.13M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IFG
Independent Financial Group
San Diego,
California
|
+$551K |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$530K |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$238K |
| 4 |
RWM
Ritholtz Wealth Management
New York
|
+$228K |
| 5 |
Millennium Management
New York
|
+$216K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCP
Berkeley Capital Partners
Milton,
Georgia
|
-$576K |
| 2 |
BlackRock
New York
|
-$449K |
| 3 |
Two Sigma Investments
New York
|
-$327K |
| 4 |
Jane Street
New York
|
-$316K |
| 5 |
Goldman Sachs
New York
|
-$257K |
NREF Hedge Fund Activity: Q1 2026 in Review
86 of the 8,128 institutional investors tracked by Wall St. Rank reported a position in NexPoint Real Estate Finance (NREF) for Q1 2026, worth a combined $173M — down 4.5% from $182M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NREF positions and 7 closed out — a net gain of 8 holders — while 29 added to existing stakes and 29 trimmed.
The largest buyer was Independent Financial Group, adding an estimated $551K. The largest seller was Berkeley Capital Partners, exiting entirely with an estimated $576K sold.
- 86 institutional investors held NexPoint Real Estate Finance (NREF) as of Q1 2026, up from 79 in Q4 2025.
- Funds reported $173M of NexPoint Real Estate Finance stock for Q1 2026, down 4.5% quarter-over-quarter.
- 15 funds opened new NexPoint Real Estate Finance positions in Q1 2026 and 7 closed out, a net change of +8 holders.
- The largest NexPoint Real Estate Finance buyer in Q1 2026 was Independent Financial Group, an estimated $551K added.
- The largest NexPoint Real Estate Finance seller in Q1 2026 was Berkeley Capital Partners, an estimated $576K sold.
Based on aggregated 13F filings for Q1 2026.