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NREF

NexPoint Real Estate Finance
NREF

54 hedge funds and large institutions have $184M invested in NexPoint Real Estate Finance in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 16

42% more call options, than puts

Call options by funds: $135K | Put options by funds: $95K

3% more capital invested

Capital invested by funds: $179M → $184M (+$5.31M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 56 → 54 (-2)

7.43% less ownership

Funds ownership: 76.17% → 68.74% (-7.4%)

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

Holders
54
Holders Change
-2
Holders Change %
-3.57%
% of All Funds
0.85%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
3
Increased
24
Reduced
16
Closed
5
Calls
$135K
Puts
$95K
Net Calls
+$40K
Net Calls Change
+$36K

Top Buyers

Rank Fund Capital Flow
1
NAM
Nexpoint Asset Management
Texas
+$5.01M
2
BlackRock
BlackRock
New York
+$1.72M
3
Morgan Stanley
Morgan Stanley
New York
+$862K
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$414K
5
ECM
ExodusPoint Capital Management
New York
+$390K

Top Sellers

Rank Fund Capital Flow
1
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$1.49M
2
LI
LVZ Inc
Michigan
-$601K
3
RJA
Raymond James & Associates
Florida
-$332K
4
Millennium Management
Millennium Management
New York
-$281K
5
Renaissance Technologies
Renaissance Technologies
New York
-$182K
Name Holding Trade Value Shares
Change 		Change in
Stake
NAM
1
Nexpoint Asset Management
Texas
$134M +$5.01M +350,000 +4%
BlackRock
2
BlackRock
New York
$9.82M +$1.72M +120,055 +24%
Vanguard Group
3
Vanguard Group
Pennsylvania
$6.41M -$35.5K -2,481 -0.6%
Goldman Sachs
4
Goldman Sachs
New York
$3.62M -$166K -11,567 -5%
RJA
5
Raymond James & Associates
Florida
$3.53M -$332K -23,166 -9%
KCM
6
Kennedy Capital Management
Missouri
$3.52M +$7.84K +548 +0.2%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$2.92M +$414K +28,946 +18%
RJFSA
8
Raymond James Financial Services Advisors
Florida
$2.88M -$150K -10,456 -5%
State Street
9
State Street
Massachusetts
$2.21M +$205K +14,350 +11%
Millennium Management
10
Millennium Management
New York
$1.85M -$281K -19,662 -14%
Morgan Stanley
11
Morgan Stanley
New York
$1.54M +$862K +60,202 +156%
State of New Jersey Common Pension Fund D
12
State of New Jersey Common Pension Fund D
New Jersey
$1.27M – – –
Acadian Asset Management
13
Acadian Asset Management
Massachusetts
$1.25M -$1.49M -103,819 -56%
Northern Trust
14
Northern Trust
Illinois
$1.11M +$84.7K +5,918 +9%
Cambridge Investment Research Advisors
15
Cambridge Investment Research Advisors
Iowa
$847K +$95K +6,634 +14%
BF
16
BOK Financial
Oklahoma
$774K +$55.5K +3,879 +8%
IFG
17
Independent Financial Group
California
$766K -$8.59K -600 -1%
Renaissance Technologies
18
Renaissance Technologies
New York
$658K -$182K -12,700 -23%
Invesco
19
Invesco
Georgia
$524K +$48.4K +3,382 +11%
N
20
Nuveen
North Carolina
$488K – – –
ECM
21
ExodusPoint Capital Management
New York
$425K +$390K +27,231 New
LPL Financial
22
LPL Financial
California
$413K +$99.8K +6,975 +36%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$385K -$11.3K -786 -3%
Charles Schwab
24
Charles Schwab
California
$376K +$40.3K +2,817 +13%
Corient Private Wealth
25
Corient Private Wealth
Florida
$277K – – –
1
2 3

NREF Hedge Fund Activity: Q2 2023 in Review

54 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in NexPoint Real Estate Finance (NREF) for Q2 2023, worth a combined $184M — up 3% from $179M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of NREF and 3 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 24 added.

The largest buyer was Nexpoint Asset Management, adding an estimated $5.01M. The largest seller was Acadian Asset Management, cutting an estimated $1.49M.

  • 54 institutional investors held NexPoint Real Estate Finance (NREF) as of Q2 2023, down from 56 in Q1 2023.
  • Funds reported $184M of NexPoint Real Estate Finance stock for Q2 2023, up 3% quarter-over-quarter.
  • 3 funds opened new NexPoint Real Estate Finance positions in Q2 2023 and 5 closed out, a net change of -2 holders.
  • The largest NexPoint Real Estate Finance buyer in Q2 2023 was Nexpoint Asset Management, an estimated $5.01M added.
  • The largest NexPoint Real Estate Finance seller in Q2 2023 was Acadian Asset Management, an estimated $1.49M sold.

Based on aggregated 13F filings for Q2 2023.