NexPoint Real Estate Finance
NREF
77 hedge funds and large institutions have $200M invested in NexPoint Real Estate Finance in 2026 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 33 increasing their positions, 20 reducing their positions, and 14 closing their positions.
11,067% more call options, than puts
Call options by funds: $335K | Put options by funds: $3K
65% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 20
15% more capital invested
Capital invested by funds: $173M → $200M (+$26.5M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.22% less ownership
Funds ownership: 72.65% → 68.43% (-4.2%)
10% less funds holding
Funds holding: 86 → 77 (-9)
50% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Capital Management
Malvern,
Pennsylvania
|
+$548K |
| 2 |
BlackRock
New York
|
+$450K |
| 3 |
OGC
Oak Grove Capital
North Hampton,
New Hampshire
|
+$402K |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$274K |
| 5 |
OC
Oppenheimer & Co
New York
|
+$258K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$1.38M |
| 2 |
Goldman Sachs
New York
|
-$297K |
| 3 |
Two Sigma Investments
New York
|
-$162K |
| 4 |
PI
PFG Investments
Woodbury,
New York
|
-$152K |
| 5 |
RWM
Ritholtz Wealth Management
New York
|
-$119K |
NREF Hedge Fund Activity: Q2 2026 in Review
77 of the 8,349 institutional investors tracked by Wall St. Rank reported a position in NexPoint Real Estate Finance (NREF) for Q2 2026, worth a combined $200M — up 15% from $173M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of NREF and 7 opened new positions — a net loss of 7 holders — while 20 trimmed existing stakes and 33 added.
The largest buyer was Vanguard Capital Management, adding an estimated $548K. The largest seller was Millennium Management, exiting entirely with an estimated $1.38M sold.
- 77 institutional investors held NexPoint Real Estate Finance (NREF) as of Q2 2026, down from 86 in Q1 2026.
- Funds reported $200M of NexPoint Real Estate Finance stock for Q2 2026, up 15% quarter-over-quarter.
- 7 funds opened new NexPoint Real Estate Finance positions in Q2 2026 and 14 closed out, a net change of -7 holders.
- The largest NexPoint Real Estate Finance buyer in Q2 2026 was Vanguard Capital Management, an estimated $548K added.
- The largest NexPoint Real Estate Finance seller in Q2 2026 was Millennium Management, an estimated $1.38M sold.
Based on aggregated 13F filings for Q2 2026.