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NREF

NexPoint Real Estate Finance
NREF

56 hedge funds and large institutions have $179M invested in NexPoint Real Estate Finance in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 21 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more capital invested

Capital invested by funds: $157M → $179M (+$21.8M)

10.22% more ownership

Funds ownership: 65.95% → 76.17% (+10%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 21

7% less funds holding

Funds holding: 60 → 56 (-4)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
56
Holders Change
-4
Holders Change %
-6.67%
% of All Funds
0.89%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
4
Increased
20
Reduced
21
Closed
6
Calls
$4K
Puts
–
Net Calls
+$4K
Net Calls Change
-$23K

Top Buyers

Rank Fund Capital Flow
1
NAM
Nexpoint Asset Management
Texas
+$31.2M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$508K
3
AWS
Atria Wealth Solutions
New York
+$270K
4
FFA
First Foundation Advisors
California
+$193K
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$163K

Top Sellers

Rank Fund Capital Flow
1
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$1.36M
2
1W
1776 Wealth
Georgia
-$656K
3
KCM
Kennedy Capital Management
Missouri
-$412K
4
Invesco
Invesco
Georgia
-$325K
5
Citadel Advisors
Citadel Advisors
Florida
-$184K
Name Holding Trade Value Shares
Change 		Change in
Stake
NAM
1
Nexpoint Asset Management
Texas
$129M +$31.2M +1,779,153 +28%
BlackRock
2
BlackRock
New York
$7.99M -$177K -10,073 -2%
Vanguard Group
3
Vanguard Group
Pennsylvania
$6.48M +$508K +28,945 +8%
RJA
4
Raymond James & Associates
Florida
$3.91M +$47.6K +2,711 +1%
Goldman Sachs
5
Goldman Sachs
New York
$3.82M +$19.3K +1,099 +0.5%
KCM
6
Kennedy Capital Management
Missouri
$3.53M -$412K -23,472 -9%
RJFSA
7
Raymond James Financial Services Advisors
Florida
$3.06M +$153K +8,701 +5%
Acadian Asset Management
8
Acadian Asset Management
Massachusetts
$2.88M -$1.36M -77,510 -30%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$2.48M +$163K +9,313 +6%
Millennium Management
10
Millennium Management
New York
$2.17M +$55.7K +3,171 +2%
State Street
11
State Street
Massachusetts
$2M +$73.3K +4,177 +3%
State of New Jersey Common Pension Fund D
12
State of New Jersey Common Pension Fund D
New Jersey
$1.28M -$176K -10,000 -11%
Northern Trust
13
Northern Trust
Illinois
$1.02M -$4.76K -271 -0.4%
Renaissance Technologies
14
Renaissance Technologies
New York
$860K -$91.3K -5,200 -9%
IFG
15
Independent Financial Group
California
$780K – – –
Cambridge Investment Research Advisors
16
Cambridge Investment Research Advisors
Iowa
$747K +$6.74K +384 +0.8%
BF
17
BOK Financial
Oklahoma
$717K – – –
Morgan Stanley
18
Morgan Stanley
New York
$605K +$122K +6,957 +22%
LI
19
LVZ Inc
Michigan
$601K +$116K +6,621 +21%
N
20
Nuveen
North Carolina
$490K -$37K -2,109 -6%
Invesco
21
Invesco
Georgia
$474K -$325K -18,536 -38%
Stifel Financial
22
Stifel Financial
Missouri
$412K – – –
Bank of New York Mellon
23
Bank of New York Mellon
New York
$399K -$14.6K -831 -3%
Charles Schwab
24
Charles Schwab
California
$334K -$1.9K -108 -0.5%
LPL Financial
25
LPL Financial
California
$306K +$119K +6,777 +53%
1
2 3

NREF Hedge Fund Activity: Q1 2023 in Review

56 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in NexPoint Real Estate Finance (NREF) for Q1 2023, worth a combined $179M — up 14% from $157M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of NREF and 4 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 20 added.

The largest buyer was Nexpoint Asset Management, adding an estimated $31.2M. The largest seller was Acadian Asset Management, cutting an estimated $1.36M.

  • 56 institutional investors held NexPoint Real Estate Finance (NREF) as of Q1 2023, down from 60 in Q4 2022.
  • Funds reported $179M of NexPoint Real Estate Finance stock for Q1 2023, up 14% quarter-over-quarter.
  • 4 funds opened new NexPoint Real Estate Finance positions in Q1 2023 and 6 closed out, a net change of -2 holders.
  • The largest NexPoint Real Estate Finance buyer in Q1 2023 was Nexpoint Asset Management, an estimated $31.2M added.
  • The largest NexPoint Real Estate Finance seller in Q1 2023 was Acadian Asset Management, an estimated $1.36M sold.

Based on aggregated 13F filings for Q1 2023.