Orion Office REIT
ONL
196 hedge funds and large institutions have $71.8M invested in Orion Office REIT in 2025 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 38 increasing their positions, 60 reducing their positions, and 26 closing their positions.
8% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 26
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.27% less ownership
Funds ownership: 56.58% → 56.31% (-0.27%)
1% less funds holding
Funds holding: 198 → 196 (-2)
16% less capital invested
Capital invested by funds: $86M → $71.8M (-$14.2M)
37% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JGC
J. Goldman & Co
New York
|
+$2.99M |
| 2 |
6CM
683 Capital Management
New York
|
+$491K |
| 3 |
PMG
Private Management Group
Irvine,
California
|
+$386K |
| 4 |
Two Sigma Investments
New York
|
+$352K |
| 5 |
D.E. Shaw & Co
New York
|
+$338K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$2.11M |
| 2 |
GCM
Glendon Capital Management
Santa Monica,
California
|
-$971K |
| 3 |
Morgan Stanley
New York
|
-$623K |
| 4 |
Millennium Management
New York
|
-$597K |
| 5 |
AA
ALPS Advisors
Denver,
Colorado
|
-$282K |
ONL Hedge Fund Activity: Q4 2025 in Review
196 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Orion Office REIT (ONL) for Q4 2025, worth a combined $71.8M — down 16% from $86M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new ONL positions and 26 closed out — a net gain of 2 holders — while 38 added to existing stakes and 60 trimmed.
The largest buyer was J. Goldman & Co, adding an estimated $2.99M. The largest seller was Arrowstreet Capital, cutting an estimated $2.11M.
- 196 institutional investors held Orion Office REIT (ONL) as of Q4 2025, down from 198 in Q3 2025.
- Funds reported $71.8M of Orion Office REIT stock for Q4 2025, down 16% quarter-over-quarter.
- 28 funds opened new Orion Office REIT positions in Q4 2025 and 26 closed out, a net change of +2 holders.
- The largest Orion Office REIT buyer in Q4 2025 was J. Goldman & Co, an estimated $2.99M added.
- The largest Orion Office REIT seller in Q4 2025 was Arrowstreet Capital, an estimated $2.11M sold.
Based on aggregated 13F filings for Q4 2025.