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ONL

Orion Office REIT
ONL

211 hedge funds and large institutions have $71.2M invested in Orion Office REIT in 2025 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 41 increasing their positions, 54 reducing their positions, and 60 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less capital invested

Capital invested by funds: $72.6M → $71.2M (-$1.41M)

1.12% less ownership

Funds ownership: 60.63% → 59.51% (-1.1%)

8% less funds holding

Funds holding: 230 → 211 (-19)

24% less repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 54

28% less first-time investments, than exits

New positions opened: 43 | Existing positions closed: 60

Holders
211
Holders Change
-19
Holders Change %
-8.26%
% of All Funds
2.78%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
43
Increased
41
Reduced
54
Closed
60
Calls
$27K
Puts
–
Net Calls
+$27K
Net Calls Change
-$21K

Top Buyers

Rank Fund Capital Flow
1
KCM
Kawa Capital Management
Florida
+$5.62M
2
PL
Parkwood LLC
Ohio
+$3.7M
3
RC
RBF Capital
California
+$1.91M
4
JGC
J. Goldman & Co
New York
+$1.7M
5
Jane Street
Jane Street
New York
+$1.42M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$5.8M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$5.13M
3
State Street
State Street
Massachusetts
-$1.9M
4
Geode Capital Management
Geode Capital Management
Massachusetts
-$1.41M
5
SBH
Segall Bryant & Hamill
Illinois
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$445K +$372K +195,281 +1,409%
Invesco
27
Invesco
Georgia
$415K -$108K -56,674 -23%
Jacobs Levy Equity Management
28
Jacobs Levy Equity Management
New Jersey
$395K -$246K -129,319 -41%
XT
29
XTX Topco
Cayman Islands
$357K +$319K +167,488 New
Ameriprise
30
Ameriprise
Minnesota
$344K +$1.43K +750 +0.5%
AQR Capital Management
31
AQR Capital Management
Connecticut
$304K -$795K -416,949 -74%
Susquehanna International Group
32
Susquehanna International Group
Pennsylvania
$300K +$111K +57,992 +70%
YIH
33
Y-Intercept (HK)
Hong Kong
$296K +$264K +138,739 New
AA
34
ALPS Advisors
Colorado
$285K +$41K +21,510 +19%
GCM
35
Greenland Capital Management
New York
$275K +$246K +128,889 New
Northern Trust
36
Northern Trust
Illinois
$254K -$639K -335,248 -74%
BHCM
37
Brevan Howard Capital Management
Jersey
$225K +$201K +105,706 New
Goldman Sachs
38
Goldman Sachs
New York
$203K -$392K -205,454 -68%
QOP
39
Quinn Opportunity Partners
Virginia
$193K – – –
Asset Management One
40
Asset Management One
Japan
$174K – – –
Squarepoint
41
Squarepoint
New York
$153K +$94.7K +49,667 +224%
Fidelity Investments
42
Fidelity Investments
Massachusetts
$150K +$125K +65,850 +1,426%
Stifel Financial
43
Stifel Financial
Missouri
$145K +$1.26K +661 +1%
Nomura Asset Management
44
Nomura Asset Management
Japan
$139K – – –
Bank of America
45
Bank of America
North Carolina
$137K +$52.7K +27,664 +76%
Macquarie Group
46
Macquarie Group
Australia
$135K – – –
ACM
47
Aster Capital Management
United Arab Emirates
$132K +$118K +62,092 New
JG
48
Jain Global
New York
$130K +$116K +60,933 New
Sumitomo Mitsui Trust Group
49
Sumitomo Mitsui Trust Group
Japan
$126K – – –
CSS
50
Cubist Systematic Strategies
Connecticut
$122K +$109K +57,287 New
1
2
3 4 5

ONL Hedge Fund Activity: Q2 2025 in Review

211 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Orion Office REIT (ONL) for Q2 2025, worth a combined $71.2M — down 1.9% from $72.6M a quarter earlier.

Sellers outnumbered buyers: 60 funds closed out of ONL and 43 opened new positions — a net loss of 17 holders — while 54 trimmed existing stakes and 41 added.

The largest buyer was Kawa Capital Management, adding an estimated $5.62M. The largest seller was BlackRock, cutting an estimated $5.8M.

  • 211 institutional investors held Orion Office REIT (ONL) as of Q2 2025, down from 230 in Q1 2025.
  • Funds reported $71.2M of Orion Office REIT stock for Q2 2025, down 1.9% quarter-over-quarter.
  • 43 funds opened new Orion Office REIT positions in Q2 2025 and 60 closed out, a net change of -17 holders.
  • The largest Orion Office REIT buyer in Q2 2025 was Kawa Capital Management, an estimated $5.62M added.
  • The largest Orion Office REIT seller in Q2 2025 was BlackRock, an estimated $5.8M sold.

Based on aggregated 13F filings for Q2 2025.