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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
MCM
151
MAI Capital Management
Ohio
$259 -$21 -6 -5%
PB
152
Pinnacle Bancorp
Nebraska
$235 -$140 -40 -27%
FGA
153
Fortis Group Advisors
New Jersey
$204 – – –
ITIM
154
Indiana Trust & Investment Management
Indiana
$186 – – –
DWM
155
Darwin Wealth Management
Florida
$185 – – –
RMP
156
Richards, Merrill & Peterson
Washington
$182 – – –
CA
157
CoreCap Advisors
Michigan
$167 – – –
JWA
158
JFS Wealth Advisors
Pennsylvania
$167 – – –
BCMLT
159
Beacon Capital Management LLC (Tennessee)
Tennessee
$155 – – –
HPC
160
HM Payson & Co
Maine
$150 – – –
FMII
161
Farmers & Merchants Investments Inc
Nebraska
$148 -$31 -9 -12%
SIS
162
Sound Income Strategies
Florida
$135 – – –
National Bank of Canada
163
National Bank of Canada
Quebec, Canada
$133 -$49 -14 -18%
SAM
164
Smartleaf Asset Management
Massachusetts
$129 -$2.44K -698 -92%
PTC
165
Private Trust Company
Ohio
$128 – – –
CA
166
Continuum Advisory
Idaho
$124 -$31 -9 -13%
AIM
167
Anchor Investment Management
South Carolina
$120 – – –
ME
168
McIlrath & Eck
Washington
$113 – – –
Mirae Asset Global Investments
169
Mirae Asset Global Investments
South Korea
$108 – – –
AA
170
Ancora Advisors
Ohio
$107 – – –
IRAG
171
Investment Research & Advisory Group
Georgia
$107 – – –
WSFS
172
Wilmington Savings Fund Society
Delaware
$107 – – –
MWA
173
Medallion Wealth Advisors
Connecticut
$107 +$24 +7 +16%
ZBNA
174
Zions Bancorporation, National Association
Utah
$107 +$175 +50 New
VCM
175
Versant Capital Management
Arizona
$105 -$3.24K -928 -95%
5 6
7
8 9

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.