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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kawa Capital Management
Hallandale Beach,
Florida
|
+$8.82M |
| 2 |
PMG
Private Management Group
Irvine,
California
|
+$3.28M |
| 3 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
+$2.13M |
| 4 |
CIM
Cambria Investment Management
Manhattan Beach,
California
|
+$706K |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$611K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.48M |
| 2 |
Morgan Stanley
New York
|
-$1.26M |
| 3 |
BlackRock
New York
|
-$993K |
| 4 |
JP Morgan Chase
New York
|
-$946K |
| 5 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$853K |
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.