NexPoint Real Estate Finance
NREF
76 hedge funds and large institutions have $168M invested in NexPoint Real Estate Finance in 2025 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 33 increasing their positions, 19 reducing their positions, and 8 closing their positions.
3,700% more call options, than puts
Call options by funds: $152K | Put options by funds: $4K
74% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 19
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
4% more capital invested
Capital invested by funds: $162M → $168M (+$5.81M)
0.45% more ownership
Funds ownership: 66.43% → 66.89% (+0.45%)
0% more funds holding
Funds holding: 76 → 76 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFG
Copley Financial Group
San Diego,
California
|
+$1.09M |
| 2 |
Goldman Sachs
New York
|
+$750K |
| 3 |
IFG
Independent Financial Group
San Diego,
California
|
+$263K |
| 4 |
VA
Vident Advisory
Alpharetta,
Georgia
|
+$261K |
| 5 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
+$233K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$782K |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$523K |
| 3 |
CC
Corton Capital
Carrying Place,
Ontario, Canada
|
-$236K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$221K |
| 5 |
KI
Kapitalo Investimentos
Sao Paulo,
Brazil
|
-$172K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
76
Allworth Financial
Folsom,
California
| $43 | +$14 | +1 | +50% |
|
|
77
Marshall Wace
London,
United Kingdom
| – | -$782K | -56,732 | Closed |
|
|
78
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$523K | -37,938 | Closed |
|
|
CC
79
Corton Capital
Carrying Place,
Ontario, Canada
| – | -$236K | -17,104 | Closed |
|
|
KI
80
Kapitalo Investimentos
Sao Paulo,
Brazil
| – | -$172K | -12,496 | Closed |
|
81
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$155K | -11,273 | Closed |
|
|
AAS
82
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$8.27K | -600 | Closed |
|
|
T
83
Transce3nd
Kyle,
Texas
| – | -$7.64K | -554 | Closed |
|
|
MPWT
84
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$676 | -49 | Closed |
|
NREF Hedge Fund Activity: Q3 2025 in Review
76 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in NexPoint Real Estate Finance (NREF) for Q3 2025, worth a combined $168M — up 3.6% from $162M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NREF positions and 8 closed out — a net gain of 3 holders — while 33 added to existing stakes and 19 trimmed.
The largest buyer was Copley Financial Group, adding an estimated $1.09M. The largest seller was Marshall Wace, exiting entirely with an estimated $782K sold.
- 76 institutional investors held NexPoint Real Estate Finance (NREF) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $168M of NexPoint Real Estate Finance stock for Q3 2025, up 3.6% quarter-over-quarter.
- 11 funds opened new NexPoint Real Estate Finance positions in Q3 2025 and 8 closed out, a net change of +3 holders.
- The largest NexPoint Real Estate Finance buyer in Q3 2025 was Copley Financial Group, an estimated $1.09M added.
- The largest NexPoint Real Estate Finance seller in Q3 2025 was Marshall Wace, an estimated $782K sold.
Based on aggregated 13F filings for Q3 2025.