New Positions
14 managers initiated
Top five by reported value
- JANE STREET GROUP, LLC$315.7K
- Cetera Investment Advisers$280.9K
- Invesco Ltd.$166.9K
- Daytona Street Capital LLC$98.6K
- JONES FINANCIAL COMPANIES LLLP$8.4K
NexPoint Real Estate Finance, Inc. NYQ:NREF-PA
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
14 new21 added41 reduced10 exited
Total Institutional Holders
76
as of 2025-12-31
Top Holder
NEXPOINT ASSET MANAGEMENT, L.P.
$132.9M
Largest QoQ Increase
NEXPOINT ASSET MANAGEMENT, L.P.
+852,271 sh
Largest QoQ Decrease
MILLENNIUM MANAGEMENT LLC
-52,813 sh
New Positions(14)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| JANE STREET GROUP, LLC | 22,422 | +22,422 | $315.7K | +$315.7K | — |
| Cetera Investment Advisers | 19,954 | +19,954 | $280.9K | +$280.9K | — |
| Invesco Ltd. | 11,854 | +11,854 | $166.9K | +$166.9K | — |
| Daytona Street Capital LLC | 7,000 | +7,000 | $98.6K | +$98.6K | — |
| JONES FINANCIAL COMPANIES LLLP | 600 | +600 | $8.4K | +$8.4K | — |
| UBS ASSET MANAGEMENT AMERICAS INC | 414 | +414 | $5.8K | +$5.8K | — |
| GILPIN WEALTH MANAGEMENT, LLC | 164 | +164 | $2.3K | +$2.3K | — |
| MASSMUTUAL TRUST CO FSB/ADV | 64 | +64 | $901 | +$901 | — |
| IFP Advisors, Inc | 63 | +63 | $890 | +$890 | — |
| Transamerica Financial Advisors, Inc. | 15 | +15 | $211 | +$211 | — |
| Kilter Group LLC | 9 | +9 | $127 | +$127 | — |
| MAI Capital Management | 6 | +6 | $85 | +$85 | — |
| Allworth Financial LP | 1 | +1 | $15 | +$15 | — |
| ROTHSCHILD INVESTMENT LLC | 1 | +1 | $14 | +$14 | — |
Added To(21)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| NEXPOINT ASSET MANAGEMENT, L.P. | 9,439,635 | +852,271 | $132.9M | +$11.1M | 9.9% |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | 157,700 | +46,679 | $2.2M | +$646.1K | 42.0% |
| RITHOLTZ WEALTH MANAGEMENT | 96,697 | +29,291 | $1.4M | +$405.7K | 43.5% |
| MORGAN STANLEY | 194,271 | +28,836 | $2.7M | +$389.5K | 17.4% |
| TWO SIGMA INVESTMENTS, LP | 34,805 | +14,294 | $490.1K | +$199.2K | 69.7% |
| Copley Financial Group, Inc. | 123,307 | +9,473 | $1.7M | +$122.0K | 8.3% |
| Russell Investments Group, Ltd. | 22,322 | +8,754 | $314.3K | +$121.9K | 64.5% |
| LPL Financial LLC | 44,538 | +7,961 | $627.1K | +$108.4K | 21.8% |
| BANK OF AMERICA CORP /DE/ | 28,834 | +6,449 | $406.0K | +$88.6K | 28.8% |
| BlackRock, Inc. | 625,390 | +8,770 | $8.8M | +$61.8K | 1.4% |
| RAYMOND JAMES FINANCIAL INC | 314,049 | +5,572 | $4.4M | +$47.6K | 1.8% |
| WELLS FARGO & COMPANY/MN | 8,581 | +2,718 | $120.8K | +$37.7K | 46.4% |
| Concorde Asset Management, LLC | 23,350 | +1,980 | $328.8K | +$27.2K | 9.3% |
| BARCLAYS PLC | 23,499 | +1,592 | $324.1K | +$13.4K | 7.3% |
| Berkeley Capital Partners, LLC | 40,909 | +1,049 | $576.0K | +$10.8K | 2.6% |
| Navis Wealth Advisors, LLC | 19,645 | +672 | $276.6K | +$7.6K | 3.5% |
| Tower Research Capital LLC (TRC) | 1,225 | +336 | $17.2K | +$4.6K | 37.8% |
| HighTower Advisors, LLC | 24,672 | +3 | $347.4K | -$2.4K | 0.0% |
| GAMMA Investing LLC | 209 | +141 | $2.9K | +$2.0K | 207.3% |
| ACADIAN ASSET MANAGEMENT LLC | 19,627 | +12,512 | $275 | +$176 | 175.8% |
| Penserra Capital Management LLC | 81,016 | +9,770 | $1.1K | +$130 | 13.7% |
Reduced(41)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| MILLENNIUM MANAGEMENT LLC | 87,151 | -52,813 | $1.2M | -$757.6K | -37.7% |
| VANGUARD GROUP INC | 397,174 | -34,953 | $5.6M | -$535.4K | -8.1% |
| GEODE CAPITAL MANAGEMENT, LLC | 174,155 | -11,799 | $2.5M | -$184.8K | -6.3% |
| Royal Bank of Canada | 1,535 | -9,271 | $22.0K | -$136.0K | -85.8% |
| GOLDMAN SACHS GROUP INC | 89,469 | -6,739 | $1.3M | -$104.5K | -7.0% |
| UBS Group AG | 959 | -6,778 | $13.5K | -$96.2K | -87.6% |
| NORTHERN TRUST CORP | 52,477 | -4,252 | $738.9K | -$65.5K | -7.5% |
| DEUTSCHE BANK AG\ | 9,999 | -3,584 | $140.8K | -$51.8K | -26.4% |
| Bank of New York Mellon Corp | 17,142 | -2,844 | $241.4K | -$42.1K | -14.2% |
| ADVISOR GROUP HOLDINGS, INC. | 11,804 | -1,959 | $166.2K | -$40.2K | -14.2% |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 23,917 | -2,440 | $336.8K | -$37.0K | -9.3% |
| STATE STREET CORP | 170,751 | -475 | $2.4M | -$23.8K | -0.3% |
| RHUMBLINE ADVISERS | 10,411 | -1,481 | $146.6K | -$22.0K | -12.4% |
| NISA INVESTMENT ADVISORS, LLC | 1,562 | -1,230 | $22.0K | -$17.6K | -44.0% |
| Morey & Quinn Wealth Partners, LLC | 37,884 | -405 | $533.4K | -$9.5K | -1.1% |
| FMR LLC | 393 | -639 | $5.5K | -$9.1K | -61.9% |
| CITIGROUP INC | 556 | -573 | $7.8K | -$8.2K | -50.8% |
| 1776 Wealth LLC | 72,399 | -59 | $1.0M | -$8.1K | -0.1% |
| JPMORGAN CHASE & CO | 3,253 | -284 | $45.8K | -$4.4K | -8.0% |
| BNP PARIBAS ARBITRAGE, SNC | 2,676 | -120 | $37.7K | -$2.0K | -4.3% |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 471 | -121 | $6.6K | -$1.8K | -20.4% |
| SRS Capital Advisors, Inc. | 1 | -124 | $14 | -$1.8K | -99.2% |
| ALLIANCEBERNSTEIN L.P. | 13,840 | 0 | $194.9K | -$1.4K | 0.0% |
| Sterling Capital Management LLC | 441 | -87 | $6.2K | -$1.3K | -16.5% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 3,520 | -36 | $49.6K | -$862 | -1.0% |
| NEW YORK STATE COMMON RETIREMENT FUND | 5,468 | 0 | $77.0K | -$547 | 0.0% |
| Legacy Wealth Managment, LLC/ID | 3,155 | -1 | $44.4K | -$330 | -0.0% |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 1,970 | 0 | $27.7K | -$197 | 0.0% |
| Police & Firemen's Retirement System of New Jersey | 1,846 | 0 | $26.0K | -$184 | 0.0% |
| STRS OHIO | 1,700 | 0 | $23.9K | -$170 | 0.0% |
| Legal & General Group Plc | 717 | 0 | $10.1K | -$72 | 0.0% |
| Ameritas Investment Partners, Inc. | 588 | 0 | $8.3K | -$59 | 0.0% |
| PNC Financial Services Group, Inc. | 40 | -3 | $563 | -$47 | -7.0% |
| WEDBUSH SECURITIES INC | 67,977 | -2,380 | $957 | -$41 | -3.4% |
| HARBOUR INVESTMENTS, INC. | 300 | 0 | $4.2K | -$30 | 0.0% |
| Optiver Holding B.V. | 152 | 0 | $2.1K | -$15 | 0.0% |
| EverSource Wealth Advisors, LLC | 110 | 0 | $1.5K | -$12 | 0.0% |
| AMALGAMATED BANK | 240 | -32 | $3 | -$1 | -11.8% |
| CWM, LLC | 336 | -96 | $5 | -$1 | -22.2% |
| Covestor Ltd | 196 | -28 | $3 | $0 | -12.5% |
| HARBOR CAPITAL ADVISORS, INC. | 219 | -4 | $3 | $0 | -1.8% |
Sold Out(10)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Summit Asset Management, LLC | 0 | -40,083 | $0 | -$568.4K | — |
| Vident Advisory, LLC | 0 | -18,120 | $0 | -$256.9K | — |
| HSBC HOLDINGS PLC | 0 | -13,930 | $0 | -$198.4K | — |
| PFG Investments, LLC | 0 | -10,765 | $0 | -$152.6K | — |
| Advisory Services Network, LLC | 0 | -993 | $0 | -$14.1K | — |
| Private Wealth Management Group, LLC | 0 | -186 | $0 | -$2.6K | — |
| UMA Financial Services, Inc. | 0 | -68 | $0 | -$965 | — |
| HRT FINANCIAL LP | 0 | -11,733 | $0 | -$166 | — |
| True Wealth Design, LLC | 0 | -5 | $0 | -$71 | — |
| SIMPLEX TRADING, LLC | 0 | -1,714 | $0 | -$24 | — |
Top Holders by reported value
Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.
| Manager | Shares | $ Value | Δ Shares | QoQ % |
|---|---|---|---|---|
| NEXPOINT ASSET MANAGEMENT, L.P. | 9,439,635 | $132.9M | +852,271 | 9.9% |
| BlackRock, Inc. | 625,390 | $8.8M | +8,770 | 1.4% |
| VANGUARD GROUP INC | 397,174 | $5.6M | -34,953 | -8.1% |
| RAYMOND JAMES FINANCIAL INC | 314,049 | $4.4M | +5,572 | 1.8% |
| MORGAN STANLEY | 194,271 | $2.7M | +28,836 | 17.4% |
| GEODE CAPITAL MANAGEMENT, LLC | 174,155 | $2.5M | -11,799 | -6.3% |
| STATE STREET CORP | 170,751 | $2.4M | -475 | -0.3% |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | 157,700 | $2.2M | +46,679 | 42.0% |
| Copley Financial Group, Inc. | 123,307 | $1.7M | +9,473 | 8.3% |
| RITHOLTZ WEALTH MANAGEMENT | 96,697 | $1.4M | +29,291 | 43.5% |
| GOLDMAN SACHS GROUP INC | 89,469 | $1.3M | -6,739 | -7.0% |
| MILLENNIUM MANAGEMENT LLC | 87,151 | $1.2M | -52,813 | -37.7% |
| 1776 Wealth LLC | 72,399 | $1.0M | -59 | -0.1% |
| NORTHERN TRUST CORP | 52,477 | $738.9K | -4,252 | -7.5% |
| LPL Financial LLC | 44,538 | $627.1K | +7,961 | 21.8% |
| Berkeley Capital Partners, LLC | 40,909 | $576.0K | +1,049 | 2.6% |
| Morey & Quinn Wealth Partners, LLC | 37,884 | $533.4K | -405 | -1.1% |
| TWO SIGMA INVESTMENTS, LP | 34,805 | $490.1K | +14,294 | 69.7% |
| BANK OF AMERICA CORP /DE/ | 28,834 | $406.0K | +6,449 | 28.8% |
| HighTower Advisors, LLC | 24,672 | $347.4K | +3 | 0.0% |
New & Closed Positions this quarter
Closed Positions
10 managers exited
Top five by prior-quarter value
- Summit Asset Management, LLC$568.4K
- Vident Advisory, LLC$256.9K
- HSBC HOLDINGS PLC$198.4K
- PFG Investments, LLC$152.6K
- Advisory Services Network, LLC$14.1K
Methodology
Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.
Quarter-over-quarter deltas compare each manager's most recently reported share count for NREF-PA against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.
Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.