NexPoint Real Estate Finance
NREF
76 hedge funds and large institutions have $162M invested in NexPoint Real Estate Finance in 2025 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 30 increasing their positions, 25 reducing their positions, and 9 closing their positions.
6,800% more call options, than puts
Call options by funds: $276K | Put options by funds: $4K
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
20% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 25
1% more funds holding
Funds holding: 75 → 76 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.34% less ownership
Funds ownership: 66.77% → 66.43% (-0.34%)
10% less capital invested
Capital invested by funds: $180M → $162M (-$17.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Summit Asset Management
Memphis,
Tennessee
|
+$574K |
| 2 |
Morgan Stanley
New York
|
+$488K |
| 3 |
CFG
Copley Financial Group
San Diego,
California
|
+$385K |
| 4 |
PI
PFG Investments
Woodbury,
New York
|
+$258K |
| 5 |
KI
Kapitalo Investimentos
Sao Paulo,
Brazil
|
+$179K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$628K |
| 2 |
BlackRock
New York
|
-$479K |
| 3 |
Millennium Management
New York
|
-$293K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$238K |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$234K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
76
Allworth Financial
Folsom,
California
| $28 | +$29 | +2 | New |
|
|
77
Citadel Advisors
Miami,
Florida
| – | -$238K | -16,612 | Closed |
|
|
78
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$234K | -15,281 | Closed |
|
79
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
| – | -$75.7K | -4,949 | Closed |
|
|
MIM
80
MetLife Investment Management
Whippany,
New Jersey
| – | -$74.2K | -4,852 | Closed |
|
|
CF
81
Corebridge Financial
Houston,
Texas
| – | -$61.3K | -4,006 | Closed |
|
|
AT
82
Arlington Trust
Birmingham,
Alabama
| – | -$22.9K | -1,500 | Closed |
|
|
PWMG
83
Private Wealth Management Group
Princeton,
New Jersey
| – | -$3.72K | -243 | Closed |
|
84
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$1.86K | -122 | Closed |
|
|
CCM
85
Coldstream Capital Management
Bellevue,
Washington
| – | -$582 | -38 | Closed |
|
NREF Hedge Fund Activity: Q2 2025 in Review
76 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in NexPoint Real Estate Finance (NREF) for Q2 2025, worth a combined $162M — down 9.9% from $180M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new NREF positions and 9 closed out — a net gain of 3 holders — while 30 added to existing stakes and 25 trimmed.
The largest buyer was Summit Asset Management, opening a new position worth an estimated $574K. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $628K.
- 76 institutional investors held NexPoint Real Estate Finance (NREF) as of Q2 2025, up from 75 in Q1 2025.
- Funds reported $162M of NexPoint Real Estate Finance stock for Q2 2025, down 9.9% quarter-over-quarter.
- 12 funds opened new NexPoint Real Estate Finance positions in Q2 2025 and 9 closed out, a net change of +3 holders.
- The largest NexPoint Real Estate Finance buyer in Q2 2025 was Summit Asset Management, an estimated $574K added.
- The largest NexPoint Real Estate Finance seller in Q2 2025 was Cambridge Investment Research Advisors, an estimated $628K sold.
Based on aggregated 13F filings for Q2 2025.