NNN NNN REIT INC.
common
CUSIP: 637417106
FIGI: BBG000CLP0Y4
Institutional Holders525
Total Institutional Value$6,843,948,048
Total Shares Held175,173,266
Avg Position$13,036,092
Top 5 Holders %53.7%
Alpha-Weighted Score65.9
New Positions+50
Exited Positions-58
Top 15 Institutional Holders by Value
■ New ■ Increased ■ Decreased ■ Unchanged
Institutional Holders — Q4 25
| Manager | Alpha | Flow | Value | Shares | Change |
|---|---|---|---|---|---|
| VANGUARD GROUP INC | High Conviction | Market Mover | $1,039,823,749 (15.2%) | 26,238,298 | -7.2% |
| BLACKROCK FUNDING, INC. /DE | High Conviction | Market Mover | $1,006,284,491 (14.7%) | 25,391,988 | -5.1% |
| FMR LLC | High Conviction | Market Mover | $800,915,743 (11.7%) | 20,209,835 | -9.6% |
| STATE STREET CORP | High Conviction | Market Mover | $453,748,480 (6.6%) | 11,449,621 | -11.4% |
| VICTORY CAPITAL MANAGEMENT INC | High Conviction | Market Mover | $376,254,750 (5.5%) | 9,494,190 | -10.5% |
| GEODE CAPITAL MANAGEMENT, LLC | High Conviction | Market Mover | $165,200,263 (2.4%) | 4,167,840 | - |
| RUSH ISLAND MANAGEMENT, LP | Elite Conviction | Low Flow | $151,905,198 (2.2%) | 3,833,086 | 16.2% |
| AQR CAPITAL MANAGEMENT LLC | High Conviction | Market Mover | $146,344,999 (2.1%) | 3,692,783 | 5.4% |
| JPMORGAN CHASE & CO | High Conviction | Market Mover | $133,244,310 (1.9%) | 3,362,208 | -44.4% |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | High Conviction | Market Mover | $132,160,383 (1.9%) | 3,334,857 | -2.2% |
| FEDERATED HERMES, INC. | High Conviction | Significant Flow | $120,337,407 (1.8%) | 3,036,523 | -4.7% |
| SCHWAB CHARLES INVESTMENT MANAGEMENT INC | High Conviction | Market Mover | $112,850,031 (1.6%) | 2,847,591 | -50.7% |
| DIMENSIONAL FUND ADVISORS LP | High Conviction | Market Mover | $108,763,272 (1.6%) | 2,744,434 | -5.8% |
| NORGES BANK | High Conviction | Market Mover | $108,064,986 (1.6%) | 2,726,848 | - |
| MORGAN STANLEY | Moderate Conviction | Market Mover | $99,045,149 (1.4%) | 2,499,244 | -2.7% |
| Bank of New York Mellon Corp | High Conviction | Market Mover | $75,020,442 (1.1%) | 1,893,021 | -13.4% |
| NORTHERN TRUST CORP | High Conviction | Market Mover | $73,599,687 (1.1%) | 1,857,171 | -11.2% |
| MONDRIAN INVESTMENT PARTNERS LTD | High Conviction | Low Flow | $71,182,732 (1.0%) | 1,796,183 | -9.7% |
| EQUITY INVESTMENT CORP | High Conviction | Low Flow | $61,466,004 (0.9%) | 1,550,997 | -7.2% |
| HUDSON BAY CAPITAL MANAGEMENT, L.P. | High Conviction | Significant Flow | $56,114,534 (0.8%) | 1,415,961 | 119.3% |
| UBS GLOBAL ASSET MANAGEMENT AMERICAS INC | Moderate Conviction | Market Mover | $47,221,403 (0.7%) | 1,191,557 | -11.1% |
| QUANTINNO CAPITAL MANAGEMENT LP | High Conviction | Significant Flow | $47,014,857 (0.7%) | 1,186,345 | -10.2% |
| LEGAL & GENERAL GROUP PLC | High Conviction | Market Mover | $44,485,310 (0.6%) | 1,122,516 | - |
| GOLDMAN SACHS GROUP INC | High Conviction | Market Mover | $43,245,564 (0.6%) | 1,091,233 | 24.1% |
| DEPRINCE RACE & ZOLLO INC | High Conviction | Low Flow | $40,524,845 (0.6%) | 1,022,580 | 14.3% |
| ARTISAN PARTNERS LIMITED PARTNERSHIP | High Conviction | Significant Flow | $38,994,652 (0.6%) | 983,968 | -21.5% |
| BANK OF AMERICA CORP /DE/ | Moderate Conviction | Market Mover | $35,017,855 (0.5%) | 883,620 | -51.8% |
| Jefferies Financial Group Inc. | Moderate Conviction | Significant Flow | $33,502,172 (0.5%) | 845,374 | 466.6% |
| ALLIANZ ASSET MANAGEMENT GMBH | High Conviction | Significant Flow | $32,441,832 (0.5%) | 818,618 | 9.3% |
| CLEARBRIDGE INVESTMENTS, LLC | High Conviction | Significant Flow | $32,368,566 (0.5%) | 816,769 | 8.0% |
| PROSHARE ADVISORS LLC | High Conviction | Significant Flow | $31,034,451 (0.5%) | 783,105 | -11.1% |
| Invesco Ltd. | Moderate Conviction | Market Mover | $29,292,831 (0.4%) | 739,158 | - |
| SUMITOMO MITSUI TRUST HOLDINGS, INC. | High Conviction | Significant Flow | $26,986,881 (0.4%) | 680,971 | 204.6% |
| ROYAL BANK OF CANADA | High Conviction | Market Mover | $26,265,000 (0.4%) | 662,750 | -51.4% |
| RAYMOND JAMES FINANCIAL INC | Moderate Conviction | Market Mover | $24,047,929 (0.4%) | 606,812 | -6.5% |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LP | High Conviction | Low Flow | $23,903,865 (0.3%) | 603,176 | NEW |
| UBS Group AG | Moderate Conviction | Market Mover | $23,479,229 (0.3%) | 592,461 | -37.7% |
| CITADEL ADVISORS LLC | Moderate Conviction | Market Mover | $22,317,199 (0.3%) | 563,139 | 749.7% |
| AGF MANAGEMENT LTD | High Conviction | Significant Flow | $21,639,882 (0.3%) | 546,048 | -7.9% |
| Nuveen, LLC | High Conviction | Market Mover | $21,525,708 (0.3%) | 543,167 | -18.5% |
| STANDARD LIFE ABERDEEN PLC | High Conviction | Significant Flow | $21,494,162 (0.3%) | 542,371 | - |
| RHUMBLINE ADVISERS | High Conviction | Market Mover | $20,706,304 (0.3%) | 522,492 | -9.1% |
| CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM | High Conviction | Significant Flow | $20,130,257 (0.3%) | 507,955 | -22.1% |
| SOUND INCOME STRATEGIES, LLC | High Conviction | Moderate Flow | $20,000,079 (0.3%) | 469,045 | 9.8% |
| AMERIPRISE FINANCIAL INC | Moderate Conviction | Market Mover | $19,897,482 (0.3%) | 502,081 | -10.0% |
| VERITY & VERITY, LLC | High Conviction | Low Flow | $18,271,610 (0.3%) | 461,055 | -4.4% |
| PRINCIPAL FINANCIAL GROUP INC | High Conviction | Market Mover | $17,939,589 (0.3%) | 452,677 | -9.1% |
| TWO SIGMA INVESTMENTS, LP | Moderate Conviction | Significant Flow | $17,886,248 (0.3%) | 451,331 | 144.0% |
| SNYDER CAPITAL MANAGEMENT L P | High Conviction | Low Flow | $17,845,627 (0.3%) | 450,306 | -44.4% |
| IEQ CAPITAL, LLC | High Conviction | Significant Flow | $17,674,266 (0.3%) | 445,982 | - |
| GOTHAM ASSET MANAGEMENT, LLC | High Conviction | Significant Flow | $17,623,025 (0.3%) | 444,689 | 38.5% |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | High Conviction | Significant Flow | $16,892,169 (0.2%) | 426,247 | 106.3% |
| MILLENNIUM MANAGEMENT, L.L.C. | Moderate Conviction | Market Mover | $16,250,717 (0.2%) | 410,061 | 3.0% |
| STIFEL FINANCIAL CORP | High Conviction | Market Mover | $15,654,295 (0.2%) | 395,012 | -10.5% |
| SWISS NATIONAL BANK | High Conviction | Market Mover | $14,750,286 (0.2%) | 372,200 | -4.9% |
| EDGESTREAM PARTNERS, L.P. | High Conviction | Moderate Flow | $13,666,683 (0.2%) | 344,857 | 86.7% |
| DLIBJ ASSET MANAGEMENT CO LTD | High Conviction | Moderate Flow | $13,619,434 (0.2%) | 344,447 | -10.3% |
| TECTONIC ADVISORS LLC | High Conviction | Low Flow | $13,357,073 (0.2%) | 337,044 | 2.2% |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | High Conviction | Significant Flow | $12,759,394 (0.2%) | 321,963 | -9.6% |
| BARCLAYS PLC | High Conviction | Market Mover | $12,300,360 (0.2%) | 310,380 | 26.4% |
| ALLIANCEBERNSTEIN L.P. | High Conviction | Market Mover | $11,699,291 (0.2%) | 295,213 | -8.4% |
| CITIGROUP INC | Moderate Conviction | Market Mover | $11,652,172 (0.2%) | 294,024 | 29.9% |
| NOMURA ASSET MANAGEMENT CO LTD | High Conviction | Significant Flow | $11,287,020 (0.2%) | 284,810 | -3.5% |
| RUSSELL INVESTMENTS GROUP, LTD. | Moderate Conviction | Market Mover | $11,051,870 (0.2%) | 278,858 | 33.7% |
| VIRTUE CAPITAL MANAGEMENT, LLC | High Conviction | Low Flow | $10,649,207 (0.2%) | 31,805 | 2,797.5% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Moderate Conviction | Market Mover | $10,492,003 (0.2%) | 264,749 | 107.1% |
| M&G PLC | High Conviction | Moderate Flow | $10,321,480 (0.2%) | 258,037 | - |
| FRANKLIN RESOURCES INC | High Conviction | Market Mover | $10,239,917 (0.1%) | 258,388 | -21.5% |
| RETIREMENT SYSTEMS OF ALABAMA | High Conviction | Moderate Flow | $9,033,064 (0.1%) | 227,935 | -7.0% |
| ENVESTNET ASSET MANAGEMENT INC | High Conviction | Significant Flow | $8,753,065 (0.1%) | 220,870 | -9.8% |
| LPL FINANCIAL LLC | High Conviction | Market Mover | $8,688,433 (0.1%) | 219,239 | -6.6% |
| JANUS HENDERSON GROUP PLC | High Conviction | Market Mover | $8,493,262 (0.1%) | 214,341 | -7.9% |
| WELLS FARGO & COMPANY/MN | Moderate Conviction | Market Mover | $8,258,396 (0.1%) | 208,387 | -6.2% |
| CREATIVE PLANNING | High Conviction | Significant Flow | $8,234,859 (0.1%) | 207,794 | 33.6% |
| BNP PARIBAS FINANCIAL MARKETS | Moderate Conviction | Market Mover | $7,308,961 (0.1%) | 184,430 | 163.3% |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | High Conviction | Market Mover | $7,074,351 (0.1%) | 178,510 | -5.6% |
| NEW YORK STATE COMMON RETIREMENT FUND | High Conviction | Market Mover | $6,984,035 (0.1%) | 176,231 | -90.9% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. | High Conviction | Significant Flow | $6,944,959 (0.1%) | 175,245 | 3.2% |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | High Conviction | Significant Flow | $6,781,406 (0.1%) | 171,118 | -6.9% |
| NATIXIS | High Conviction | Significant Flow | $6,700,799 (0.1%) | 169,084 | NEW |
| VOYA INVESTMENT MANAGEMENT LLC | Moderate Conviction | Market Mover | $6,604,934 (0.1%) | 166,665 | -45.0% |
| CHILTON CAPITAL MANAGEMENT LLC | High Conviction | Moderate Flow | $6,380,549 (0.1%) | 161,003 | -7.3% |
| MITSUBISHI UFJ KOKUSAI ASSET MANAGEMENT CO., LTD. | High Conviction | Significant Flow | $5,907,798 (0.1%) | 149,451 | -2.3% |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | High Conviction | Market Mover | $5,684,725 (0.1%) | 143,445 | -8.5% |
| Sophron Capital Management L.P. | High Conviction | Minimal Flow | $5,618,860 (0.1%) | 141,783 | -7.9% |
| COMMONWEALTH EQUITY SERVICES, LLP | Moderate Conviction | Market Mover | $5,595,226 (0.1%) | 141,187 | 92,139.1% |
| BERNZOTT CAPITAL ADVISORS | High Conviction | Minimal Flow | $5,430,456 (0.1%) | 137,029 | -18.2% |
| HPM PARTNERS LLC | High Conviction | Market Mover | $5,395,594 (0.1%) | 136,070 | - |
| CAPTRUST FINANCIAL ADVISORS | High Conviction | Significant Flow | $5,149,412 (0.1%) | 129,937 | -10.6% |
| MARINER, LLC | High Conviction | Market Mover | $5,138,589 (0.1%) | 129,605 | 34.3% |
| NEW AGE ALPHA ADVISORS, LLC | High Conviction | Moderate Flow | $5,131,926 (0.1%) | 129,496 | -35.9% |
| SUSQUEHANNA PORTFOLIO STRATEGIES, LLC | High Conviction | Moderate Flow | $5,058,215 (0.1%) | 127,636 | -35.0% |
| SEGESPAR | High Conviction | Market Mover | $4,593,196 (0.1%) | 115,902 | 9.0% |
| QUANTBOT TECHNOLOGIES LP | High Conviction | Moderate Flow | $4,578,454 (0.1%) | 115,530 | 4,937.5% |
| FIRST TRUST ADVISORS LP | High Conviction | Market Mover | $4,480,891 (0.1%) | 113,068 | -20.2% |
| ZURCHER KANTONALBANK | High Conviction | Significant Flow | $4,353,395 (0.1%) | 109,851 | - |
| MERITAGE PORTFOLIO MANAGEMENT | High Conviction | Low Flow | $4,327,041 (0.1%) | 109,186 | 30.4% |
| TWO SIGMA ADVISERS, LP | High Conviction | Significant Flow | $4,315,707 (0.1%) | 108,900 | 315.5% |
| SHAW D E & CO INC | Moderate Conviction | Market Mover | $4,315,390 (0.1%) | 108,892 | NEW |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | High Conviction | Significant Flow | $4,314,399 (0.1%) | 108,867 | -7.7% |
Implied Institutional Price History
Estimated from 13F aggregate market value ÷ shares reported across all institutional filers. Reflects quarter-end snapshot, not actual trade prices.
| Quarter | Filers | Institutional Value | Shares Held | Est. Avg Price |
|---|---|---|---|---|
| Q4 25 | 516 | $6.85B | 175,241,391 | $39.07 |
| Q3 25 | 504 | $7.60B | 181,748,611 | $41.79 |
| Q2 25 | 477 | $7.13B | 169,274,299 | $42.10 |
| Q1 25 | 479 | $7.10B | 172,211,484 | $41.22 |
| Q4 24 | 487 | $7.13B | 180,106,087 | $39.59 |
| Q3 24 | 496 | $8.34B | 177,689,192 | $46.96 |
| Q2 24 | 458 | $7.40B | 178,354,272 | $41.49 |
| Q1 24 | 450 | $7.43B | 179,579,315 | $41.35 |
Source: SEC 13F-HR filings. Implied price = aggregate market value ÷ shares reported. Not investment advice.