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NREF

NexPoint Real Estate Finance

79 hedge funds and large institutions have $182M invested in NexPoint Real Estate Finance in 2025 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 22 increasing their positions, 34 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

93% more call options, than puts

Call options by funds: $27K | Put options by funds: $14K

30% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 10

8% more capital invested

Capital invested by funds: $168M → $182M (+$13.5M)

5.87% more ownership

Funds ownership: 66.89%72.76% (+5.9%)

4% more funds holding

Funds holding: 7679 (+3)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

35% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 34

Holders
79
Holders Change
+3
Holders Change %
+3.95%
% of All Funds
0.96%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
13
Increased
22
Reduced
34
Closed
10
Calls
$27K
Puts
$14K
Net Calls
+$13K
Net Calls Change
-$135K
Name Holding Trade Value Shares
Change
Change in
Stake
NAM
1
Nexpoint Asset Management
Texas
$133M +$11.9M +852,271 +10%
BlackRock
2
BlackRock
New York
$8.81M +$123K +8,770 +1%
Vanguard Group
3
Vanguard Group
Pennsylvania
$5.59M -$488K -34,953 -8%
Raymond James Financial
4
Raymond James Financial
Florida
$4.42M +$77.8K +5,572 +2%
IFG
5
Independent Financial Group
California
$3.35M +$2.32M +166,298 +231%
Morgan Stanley
6
Morgan Stanley
New York
$2.74M +$403K +28,836 +17%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$2.45M -$165K -11,799 -6%
State Street
8
State Street
Massachusetts
$2.4M -$6.63K -475 -0.3%
OSAM
9
O'Shaughnessy Asset Management
Connecticut
$2.22M +$652K +46,679 +42%
CFG
10
Copley Financial Group
California
$1.74M +$132K +9,473 +8%
RWM
11
Ritholtz Wealth Management
New York
$1.36M +$409K +29,291 +43%
Goldman Sachs
12
Goldman Sachs
New York
$1.26M -$94.1K -6,739 -7%
Millennium Management
13
Millennium Management
New York
$1.23M -$738K -52,813 -38%
PCM
14
Penserra Capital Management
California
$1.14M +$136K +9,770 +14%
1W
15
1776 Wealth
Georgia
$1.02M -$824 -59 -0.1%
WS
16
Wedbush Securities
California
$957K -$33.2K -2,380 -3%
Northern Trust
17
Northern Trust
Illinois
$739K -$59.4K -4,252 -7%
LPL Financial
18
LPL Financial
California
$627K +$111K +7,961 +22%
BCP
19
Berkeley Capital Partners
Georgia
$576K +$14.7K +1,049 +3%
MQWP
20
Morey & Quinn Wealth Partners
Nebraska
$533K -$5.66K -405 -1%
Two Sigma Investments
21
Two Sigma Investments
New York
$490K +$200K +14,294 +70%
Bank of America
22
Bank of America
North Carolina
$406K +$90.1K +6,449 +29%
HighTower Advisors
23
HighTower Advisors
Illinois
$347K +$42 +3 +0%
Charles Schwab
24
Charles Schwab
California
$337K -$34.1K -2,440 -9%
CAM
25
Concorde Asset Management
Michigan
$329K +$27.7K +1,980 +9%

NREF Hedge Fund Activity: Q4 2025 in Review

79 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in NexPoint Real Estate Finance (NREF) for Q4 2025, worth a combined $182M — up 8% from $168M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new NREF positions and 10 closed out — a net gain of 3 holders — while 22 added to existing stakes and 34 trimmed.

The largest buyer was Nexpoint Asset Management, adding an estimated $11.9M. The largest seller was Millennium Management, cutting an estimated $738K.

  • 79 institutional investors held NexPoint Real Estate Finance (NREF) as of Q4 2025, up from 76 in Q3 2025.
  • Funds reported $182M of NexPoint Real Estate Finance stock for Q4 2025, up 8% quarter-over-quarter.
  • 13 funds opened new NexPoint Real Estate Finance positions in Q4 2025 and 10 closed out, a net change of +3 holders.
  • The largest NexPoint Real Estate Finance buyer in Q4 2025 was Nexpoint Asset Management, an estimated $11.9M added.
  • The largest NexPoint Real Estate Finance seller in Q4 2025 was Millennium Management, an estimated $738K sold.

Based on aggregated 13F filings for Q4 2025.