NLOP
Net Lease Office Properties · Real Estate · REIT - Office
Momentum inputs (comparable managers):
holder breadth -1.4% ·
share flow -0.7% ·
net new positions -1.5%
— formula
Broad distribution — falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 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 | — | −2 |
| Q1 2025 | 12 | 0 | 1.26M | $39.56M | — | — |
| Q4 2024 | 12 | 0 | 1.31M | $41.02M | — | — |
| Q3 2024 | 11 | +1 | 902.37K | $27.63M | +2 | −1 |
| Q2 2024 | 10 | — | 1.01M | $24.75M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group ✦ (passive) | 1.61M | +0.2% | $41.47M | 0.0% | ▲ Add | 3 | SEC ↗ ×3 |
| 2 | BlackRock ✦ (passive) | 1.37M | +1.0% | $35.45M | 0.0% | ▲ Add | 3 | SEC ↗ ×9 |
| 3 | Geode Capital Management ✦ (passive) | 425.13K | +1.8% | $10.97M | 0.0% | ▲ Add | 7 | SEC ↗ ×2 |
| 4 | State Street Global Advisors ✦ (passive) | 414.96K | +0.8% | $10.70M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 5 | Dimensional Fund Advisors Lp | 194.76K | — | $5.02M | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 6 | Millennium Management ✦ | 163.65K | +337.6% | $4.22M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 7 | Northern Trust Corp | 107.08K | — | $2.76M | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 8 | Morgan Stanley ✦ | 106.52K | +1.1% | $2.75M | 0.0% | ▲ Add | 2 | SEC ↗ ×8 |
| 9 | Arrowstreet Capital ✦ | 101.73K | -9.2% | $2.62M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 10 | Two Sigma Investments ✦ | 70.12K | -31.4% | $1.81M | 0.0% | ▼ Trim | 7 | SEC ↗ |
| 11 | Raymond James Financial Inc | 58.33K | — | $1.50M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 12 | Man Group plc | 57.91K | — | $1.49M | 0.0% | n/c | 1 | SEC ↗ |
| 13 | Bank of New York Mellon Corp | 56.34K | — | $1.45M | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 14 | Charles Schwab Investment… | 43.96K | — | $1.13M | 0.0% | n/c | 1 | SEC ↗ |
| 15 | Goldman Sachs Group ✦ | 43.50K | -24.8% | $1.12M | 0.0% | ▼ Trim | 2 | SEC ↗ ×2 |
| 16 | Renaissance Technologies ✦ | 41.20K | -61.7% | $1.06M | 0.0% | ▼ Trim | 7 | SEC ↗ |
| 17 | T. Rowe Price ✦ | 37.66K | +51.1% | $972,000 | 0.0% | ▲ Add | 7 | SEC ↗ |
| 18 | LPL Financial LLC | 34.65K | — | $893,668 | 0.0% | n/c | 1 | SEC ↗ |
| 19 | Nuveen, LLC | 31.59K | — | $814,809 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 20 | Commonwealth Equity Services, Llc | 29.54K | — | $761,714 | 0.0% | n/c | 1 | SEC ↗ |
| 21 | Fidelity (FMR) ✦ | 28.11K | -3.7% | $724,985 | 0.0% | ▼ Trim | 3 | SEC ↗ ×2 |
| 22 | Invesco Ltd. | 25.01K | — | $644,905 | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 23 | State Of Wisconsin Investment Board | 24.21K | — | $624,402 | 0.0% | n/c | 1 | SEC ↗ |
| 24 | Qube Research & Technologies Ltd | 23.73K | — | $612,074 | 0.0% | n/c | 1 | SEC ↗ |
| 25 | Barclays Plc | 23.57K | — | $607,948 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 26 | Nomura Asset Management Co Ltd | 23.14K | — | $596,781 | 0.0% | n/c | 1 | SEC ↗ |
| 27 | Brown Advisory Inc | 22.80K | — | $587,960 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 28 | Rhumbline Advisers | 21.48K | — | $553,931 | 0.0% | n/c | 1 | SEC ↗ |
| 29 | JPMorgan Chase ✦ | 20.69K | -43.4% | $533,680 | 0.0% | ▼ Trim | 2 | SEC ↗ ×7 |
| 30 | Bank Of America Corp /De/ | 20.66K | — | $532,795 | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 31 | Asset Management One Co., Ltd. | 20.07K | — | $515,671 | 0.0% | n/c | 1 | SEC ↗ |
| 32 | Wells Fargo & Company/Mn | 19.78K | — | $510,229 | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 33 | Mariner, LLC | 17.22K | — | $443,973 | 0.0% | n/c | 1 | SEC ↗ |
| 34 | UBS Group AG | 15.73K | — | $405,703 | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 35 | Citigroup Inc | 15.62K | — | $402,943 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 36 | Sumitomo Mitsui Trust Group, Inc. | 15.05K | — | $388,268 | 0.0% | n/c | 1 | SEC ↗ |
| 37 | AQR Capital Management ✦ | 14.69K | +52.7% | $378,797 | 0.0% | ▲ Add | 7 | SEC ↗ ×5 |
| 38 | Alliancebernstein L.P. | 14.65K | — | $377,952 | 0.0% | n/c | 1 | SEC ↗ |
| 39 | Citadel Advisors ✦ | 14.59K | New | $376,225 | 0.0% | New | 1 | SEC ↗ |
| 40 | Jane Street Group, Llc | 12.45K | — | $321,060 | 0.0% | n/c | 1 | SEC ↗ |
| 41 | Deutsche Bank Ag\ | 11.98K | — | $309,016 | 0.0% | n/c | 1 | SEC ↗ |
| 42 | Canada Pension Plan Investment Board | 9.00K | — | $232,110 | 0.0% | n/c | 1 | SEC ↗ |
| 43 | Mitsubishi UFJ Asset Management… | 10.67K | — | $222,319 | 0.0% | n/c | 1 | SEC ↗ |
| 44 | Quantinno Capital Management LP | 8.12K | — | $209,546 | 0.0% | n/c | 1 | SEC ↗ |
| 45 | MIRAE ASSET GLOBAL ETFS HOLDINGS… | 6.92K | — | $178,493 | 0.0% | n/c | 1 | SEC ↗ |
| 46 | New York State Common Retirement… | 6.18K | — | $159,408 | 0.0% | n/c | 1 | SEC ↗ |
| 47 | BNP Paribas Asset Management… | 5.96K | — | $153,000 | 0.0% | n/c | 1 | SEC ↗ |
| 48 | Daiwa Securities Group Inc. | 5.63K | — | $145,000 | 0.0% | n/c | 1 | SEC ↗ |
| 49 | Osaic Holdings, Inc. | 4.69K | — | $121,230 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 50 | Storebrand Asset Management As | 4.58K | — | $118,092 | 0.0% | n/c | 1 | SEC ↗ |
| 51 | Mirae Asset Global Investments Co.… | 4.59K | — | $94,946 | 0.0% | n/c | 1 | SEC ↗ |
| 52 | Bnp Paribas Financial Markets | 3.48K | — | $89,672 | 0.0% | n/c | 1 | SEC ↗ |
| 53 | Russell Investments Group, Ltd. | 3.30K | — | $85,138 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 54 | Royal Bank Of Canada | 2.52K | — | $65,000 | 0.0% | n/c | 1 | SEC ↗ ×7 |
| 55 | Legal & General Group Plc | 1.35K | — | $34,894 | 0.0% | n/c | 1 | SEC ↗ |
| 56 | Cwm, Llc | 922 | — | $24,000 | 0.0% | n/c | 1 | SEC ↗ |
| 57 | California State Teachers… | 916 | — | $23,624 | 0.0% | n/c | 1 | SEC ↗ |
| 58 | Jones Financial Companies Lllp | 811 | — | $20,907 | 0.0% | n/c | 1 | SEC ↗ |
| 59 | Northwestern Mutual Wealth… | 495 | — | $12,767 | 0.0% | n/c | 1 | SEC ↗ |
| 60 | Pnc Financial Services Group, Inc. | 398 | — | $10,265 | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 61 | Us Bancorp \De\ | 191 | — | $4,934 | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 62 | Simplex Trading, Llc | 185 | — | $4,771 | 0.0% | n/c | 1 | SEC ↗ |
| 63 | Rockefeller Capital Management L.P. | 183 | — | $4,720 | 0.0% | n/c | 1 | SEC ↗ |
| 64 | Optiver Holding B.V. | 138 | — | $3,559 | 0.0% | n/c | 1 | SEC ↗ |
| 65 | Assetmark, Inc | 82 | — | $2,115 | 0.0% | n/c | 1 | SEC ↗ |
| 66 | UBS AM, a distinct business unit of… | 81 | — | $2,089 | 0.0% | n/c | 1 | SEC ↗ |
| 67 | TD Waterhouse Canada Inc. | 14 | — | $361 | 0.0% | n/c | 1 | SEC ↗ |
| 68 | Korea Investment CORP | 6 | — | $155 | 0.0% | n/c | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Citadel Advisors | $376,225 | 0.0% |
Exited
| Marshall Wace | $1.39M | was 0.0% |
| D. E. Shaw & Co. | $1.19M | 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.