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ONL

Orion Office REIT
ONL

230 hedge funds and large institutions have $72.6M invested in Orion Office REIT in 2025 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 50 increasing their positions, 69 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more call options, than puts

Call options by funds: $60K | Put options by funds: $12K

3.34% more ownership

Funds ownership: 57.29% → 60.63% (+3.3%)

9% less funds holding

Funds holding: 252 → 230 (-22)

28% less repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 69

39% less capital invested

Capital invested by funds: $119M → $72.6M (-$46.4M)

42% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 38

Holders
230
Holders Change
-22
Holders Change %
-8.73%
% of All Funds
3.08%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
22
Increased
50
Reduced
69
Closed
38
Calls
$60K
Puts
$12K
Net Calls
+$48K
Net Calls Change
-$66K

Top Buyers

Rank Fund Capital Flow
1
KCM
Kawa Capital Management
Florida
+$8.82M
2
PMG
Private Management Group
California
+$3.28M
3
SBH
Segall Bryant & Hamill
Illinois
+$2.13M
4
CIM
Cambria Investment Management
California
+$706K
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$611K

Top Sellers

Rank Fund Capital Flow
1
AQR Capital Management
AQR Capital Management
Connecticut
-$1.48M
2
Morgan Stanley
Morgan Stanley
New York
-$1.26M
3
BlackRock
BlackRock
New York
-$993K
4
JP Morgan Chase
JP Morgan Chase
New York
-$946K
5
MAM
Martingale Asset Management
Massachusetts
-$853K
Name Holding Trade Value Shares
Change 		Change in
Stake
CIM
26
Cambria Investment Management
California
$433K +$706K +202,219 New
N
27
Nuveen
North Carolina
$357K – – –
Ameriprise
28
Ameriprise
Minnesota
$344K -$328K -93,845 -37%
Millennium Management
29
Millennium Management
New York
$313K +$263K +75,421 +107%
SIC
30
Samalin Investment Counsel
New York
$284K +$2.13K +609 +0.5%
AA
31
ALPS Advisors
Colorado
$240K +$121K +34,755 +45%
JP Morgan Chase
32
JP Morgan Chase
New York
$220K -$946K -270,934 -72%
Mariner
33
Mariner
Kansas
$206K -$587K -168,180 -64%
RhumbLine Advisers
34
RhumbLine Advisers
Massachusetts
$206K -$12.3K -3,525 -4%
GCM
35
Graham Capital Management
Connecticut
$198K +$162K +46,356 +101%
QOP
36
Quinn Opportunity Partners
Virginia
$194K – – –
VEA
37
Virtus ETF Advisers
New York
$189K +$308K +88,164 New
Jane Street
38
Jane Street
New York
$183K +$158K +45,341 +113%
Susquehanna International Group
39
Susquehanna International Group
Pennsylvania
$177K -$51.2K -14,661 -15%
Asset Management One
40
Asset Management One
Japan
$174K – – –
AllianceBernstein
41
AllianceBernstein
Tennessee
$151K -$10.1K -2,890 -4%
IIM
42
INTECH Investment Management
Florida
$145K +$151K +43,134 +177%
Stifel Financial
43
Stifel Financial
Missouri
$144K +$11.5K +3,290 +5%
Citadel Advisors
44
Citadel Advisors
Florida
$142K +$46.3K +13,272 +25%
Citigroup
45
Citigroup
New York
$140K +$6.8K +1,948 +3%
Nomura Asset Management
46
Nomura Asset Management
Japan
$140K – – –
Macquarie Group
47
Macquarie Group
Australia
$135K – – –
Two Sigma Investments
48
Two Sigma Investments
New York
$128K -$339K -97,197 -62%
Wells Fargo
49
Wells Fargo
California
$126K -$8.87K -2,539 -4%
Sumitomo Mitsui Trust Group
50
Sumitomo Mitsui Trust Group
Japan
$126K -$7.96K -2,281 -4%
1
2
3 4 5

ONL Hedge Fund Activity: Q1 2025 in Review

230 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Orion Office REIT (ONL) for Q1 2025, worth a combined $72.6M — down 39% from $119M a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of ONL and 22 opened new positions — a net loss of 16 holders — while 69 trimmed existing stakes and 50 added.

The largest buyer was Kawa Capital Management, opening a new position worth an estimated $8.82M. The largest seller was AQR Capital Management, cutting an estimated $1.48M.

  • 230 institutional investors held Orion Office REIT (ONL) as of Q1 2025, down from 252 in Q4 2024.
  • Funds reported $72.6M of Orion Office REIT stock for Q1 2025, down 39% quarter-over-quarter.
  • 22 funds opened new Orion Office REIT positions in Q1 2025 and 38 closed out, a net change of -16 holders.
  • The largest Orion Office REIT buyer in Q1 2025 was Kawa Capital Management, an estimated $8.82M added.
  • The largest Orion Office REIT seller in Q1 2025 was AQR Capital Management, an estimated $1.48M sold.

Based on aggregated 13F filings for Q1 2025.