NexPoint Real Estate Finance
NREF
75 hedge funds and large institutions have $180M invested in NexPoint Real Estate Finance in 2025 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 25 reducing their positions, and 10 closing their positions.
100% more call options, than puts
Call options by funds: $196K | Put options by funds: $98K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 10
0% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 25
0.44% less ownership
Funds ownership: 67.21% → 66.77% (-0.44%)
2% less capital invested
Capital invested by funds: $184M → $180M (-$4.08M)
3% less funds holding
Funds holding: 77 → 75 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
+$1.53M |
| 2 |
RWM
Ritholtz Wealth Management
New York
|
+$854K |
| 3 |
IFG
Independent Financial Group
San Diego,
California
|
+$748K |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$273K |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$239K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.27M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$641K |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
-$540K |
| 4 |
Millennium Management
New York
|
-$533K |
| 5 |
Jane Street
New York
|
-$381K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KCM
76
Kennedy Capital Management
St Louis,
Missouri
| – | -$1.27M | -80,913 | Closed |
|
|
77
Jane Street
New York
| – | -$381K | -24,274 | Closed |
|
|
FFA
78
First Foundation Advisors
Irvine,
California
| – | -$236K | -15,012 | Closed |
|
|
N
79
Nuveen
Charlotte,
North Carolina
| – | -$203K | -12,964 | Closed |
|
80
Renaissance Technologies
New York
| – | -$202K | -12,900 | Closed |
|
81
Corient Private Wealth
Miami,
Florida
| – | -$194K | -12,343 | Closed |
|
|
CSS
82
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$186K | -11,867 | Closed |
|
83
Ohio Public Employees Retirement System (OPERS)
Columbus,
Ohio
| – | -$4.71K | -300 | Closed |
|
|
PD
84
Point72 (DIFC)
Dubai,
United Arab Emirates
| – | -$3.94K | -251 | Closed |
|
|
PAS
85
Point72 Asia (Singapore)
Singapore
| – | -$3.23K | -206 | Closed |
|
NREF Hedge Fund Activity: Q1 2025 in Review
75 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in NexPoint Real Estate Finance (NREF) for Q1 2025, worth a combined $180M — down 2.2% from $184M a quarter earlier.
Fund positioning in NREF was balanced in Q1 2025: 10 funds opened new positions, 10 closed out, 25 added to existing stakes and 25 trimmed.
The largest buyer was O'Shaughnessy Asset Management, opening a new position worth an estimated $1.53M. The largest seller was Kennedy Capital Management, exiting entirely with an estimated $1.27M sold.
- 75 institutional investors held NexPoint Real Estate Finance (NREF) as of Q1 2025, down from 77 in Q4 2024.
- Funds reported $180M of NexPoint Real Estate Finance stock for Q1 2025, down 2.2% quarter-over-quarter.
- 10 funds opened new NexPoint Real Estate Finance positions in Q1 2025 and 10 closed out, a net change of 0 holders.
- The largest NexPoint Real Estate Finance buyer in Q1 2025 was O'Shaughnessy Asset Management, an estimated $1.53M added.
- The largest NexPoint Real Estate Finance seller in Q1 2025 was Kennedy Capital Management, an estimated $1.27M sold.
Based on aggregated 13F filings for Q1 2025.