NLOP
Net Lease Office Properties · Real Estate · REIT - Office
Momentum inputs (comparable managers):
holder breadth -13.3% ·
share flow +1.6% ·
net new positions -15.4%
· formula
Concentrated accumulation: rising shares among fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q2 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 64 | 0 | 6.32M | $70.39M | +3 | −3 |
| Q1 2026 | 66 | -2 | 5.78M | $68.19M | +3 | −5 |
| Q4 2025 | 68 | -1 | 5.49M | $141.45M | +1 | −2 |
| Q3 2025 | 16 | 0 | 4.51M | $133.63M | +1 | −1 |
| Q2 2025 | 13 | -2 | 4.29M | $139.75M | n/a | −2 |
| Q1 2025 | 12 | 0 | 1.26M | $39.56M | n/a | n/a |
| Q4 2024 | 12 | 0 | 1.31M | $41.02M | n/a | n/a |
| Q3 2024 | 11 | +1 | 902.37K | $27.63M | +2 | −1 |
| Q2 2024 | 10 | n/a | 1.01M | $24.75M | n/a | n/a |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group ✦ (passive) | 1.59M | n/a | $51.82M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 2 | BlackRock ✦ (passive) | 1.34M | n/a | $43.73M | 0.0% | n/c | 1 | SEC ↗ ×9 |
| 3 | Geode Capital Management ✦ (passive) | 420.38K | +1.5% | $13.69M | 0.0% | ▲ Add | 5 | SEC ↗ ×2 |
| 4 | State Street Global Advisors ✦ (passive) | 413.16K | +1.9% | $13.45M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 5 | Renaissance Technologies ✦ | 149.90K | +64.7% | $4.88M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 6 | Arrowstreet Capital ✦ | 104.56K | +2.6% | $3.40M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 7 | Two Sigma Investments ✦ | 99.91K | +91.2% | $3.25M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 8 | D. E. Shaw & Co. ✦ | 78.35K | -21.5% | $2.55M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 9 | Fidelity (FMR) ✦ | 29.35K | n/a | $955,204 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 10 | T. Rowe Price ✦ | 24.11K | +1.0% | $785,000 | 0.0% | ▲ Add | 5 | SEC ↗ |
| 11 | Point72 Asset Management ✦ | 15.06K | +90.4% | $490,133 | 0.0% | ▲ Add | 4 | SEC ↗ |
| 12 | Marshall Wace ✦ | 13.56K | -55.5% | $441,345 | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 13 | AQR Capital Management ✦ | 9.57K | +1.0% | $311,471 | 0.0% | ▲ Add | 5 | SEC ↗ ×3 |
“Their weight” = the position's share of that manager's reported 13F equity value: the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Millennium Management | $521,504 | was 0.0% |
| Citadel Advisors | $237,547 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 246 holders, 7.80M shares, $83.98M reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold: shared-ownership counts, not fundamental relationships.