Nexpoint Real Estate Finance, Inc.: which funds bought and sold

Institutions that bought and sold Nexpoint Real Estate Finance shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 41 institutions that filed 13F reports for both quarters added to or opened positions in Nexpoint Real Estate Finance, and 34 cut or closed them. Together they added a net 23K shares, +0.2% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 92K shares (−28.2%); index fund managers were net buyers of 89K shares (+6.3%). 8 opened a new position and 14 sold out entirely.

Bought, Q2 2026 41 institutions, 8 of them new holders Sold, Q2 2026 34 institutions, 14 of them sold out

Net change, all compared +23K shares (+0.2%)

Net change, active managers −92K shares (−28.2%), 4 bought, 5 sold

Buyers versus sellers

institutions compared, 92

41 bought 17 34 sold

Active managers and hedge funds 4 bought · 5 sold · −92K

Index fund managers 7 bought · 2 sold · +89K

Other institutions 30 bought · 27 sold · +26K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Vanguard Capital Management LLC Index funds	+37K +11.9%	346K	$5.4M
Blackrock, Inc. Index funds	+30K +5.1%	624K	$9.7M
Oak Grove Capital LLC	+27K New position	27K	$418,500
Bridgeway Capital Management, LLC Active manager	+18K New position	18K	$285,200
Oppenheimer & Co Inc	+17K New position	17K	$269,034
Nuveen, LLC	+13K New position	13K	$197,099
AQR Capital Management LLC Hedge fund	+10K New position	10K	$156,371
Vanguard Portfolio Management LLC Index funds	+9,593 +24.8%	48K	$749,177
Russell Investments Group, Ltd.	+8,894 +38.4%	32K	$497,162
Northern Trust Corp Index funds	+7,346 +14.8%	57K	$885,686
Cetera Investment Advisers	+5,166 +14.1%	42K	$646,699
LPL Financial LLC	+4,818 +10.6%	50K	$780,150
Hightower Advisors, LLC	+4,703 +17.0%	32K	$502,402
Independent Financial Group, LLC	+4,409 +1.6%	281K	$4.4M
Osaic Holdings, Inc.	+4,400 +42.0%	15K	$230,640
Wells Fargo & Company	+3,519 +108.6%	6,759	$104,769
Charles Schwab Investment Management Inc Index funds	+3,449 +17.1%	24K	$366,110
Geode Capital Management, LLC Index funds	+3,429 +1.9%	183K	$2.8M
Morgan Stanley	+3,319 +1.7%	195K	$3M
BNP Paribas Financial Markets	+3,124 +179.7%	4,862	$75,361

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Bridgeway Capital Management, LLC Active manager	+18K New position	18K	$285,200
AQR Capital Management LLC Hedge fund	+10K New position	10K	$156,371
Alliancebernstein L.P. Active manager	+1,600 +11.6%	15K	$207,977
FMR LLC Active manager	+36 +8.1%	478	$7,411

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Millennium Management LLC Hedge fund	−102K Sold out	0	—
Goldman Sachs Group Inc	−20K −27.9%	52K	$799,568
Two Sigma Investments, LP Hedge fund	−12K Sold out	0	—
Pfg Investments, LLC	−11K Sold out	0	—
Ritholtz Wealth Management	−7,970 −7.1%	105K	$1.6M
SG Americas Securities, LLC	−7,948 Sold out	0	—
UBS Group AG	−7,226 −47.3%	8,059	$124,915
Strategic Wealth Partners, Ltd.	−6,185 Sold out	0	—
Raymond James Financial Inc	−6,099 −2.0%	293K	$4.5M
Acadian Asset Management LLC Active manager	−3,637 Sold out	0	—
Jacobs Levy Equity Management, Inc Active manager	−3,605 −9.7%	33K	$517,498
Bank Of America Corp	−3,421 −12.7%	23K	$363,398
Penserra Capital Management LLC	−2,642 −3.2%	81K	$1.3M
Legacy Wealth Managment, LLC	−2,381 Sold out	0	—
Wedbush Securities Inc	−2,365 −3.8%	60K	$932,000
State Street Corp Index funds	−2,200 −1.3%	173K	$2.7M
Morey & Quinn Wealth Partners, LLC	−1,322 −3.5%	37K	$566,712
Tower Research Capital LLC (TRC)	−964 −54.1%	819	$12,694
Invesco Ltd.	−720 −6.3%	11K	$165,758
NISA Investment Advisors, LLC	−443 −29.9%	1,037	$16,074

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Millennium Management LLC Hedge fund	−102K Sold out	0	—
Two Sigma Investments, LP Hedge fund	−12K Sold out	0	—
Acadian Asset Management LLC Active manager	−3,637 Sold out	0	—
Jacobs Levy Equity Management, Inc Active manager	−3,605 −9.7%	33K	$517,498
O'Shaughnessy Asset Management, LLC Active manager	−387 −0.2%	155K	$2.4M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Oak Grove Capital LLC	27K	$418,500
Bridgeway Capital Management, LLCActive manager	18K	$285,200
Oppenheimer & Co Inc	17K	$269,034
Nuveen, LLC	13K	$197,099
AQR Capital Management LLCHedge fund	10K	$156,371
Arax Advisory Partners	198	$3,069
Integrated Wealth Concepts LLC	79	$1,227
Farther Finance Advisors, LLC	4	$62

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Millennium Management LLCHedge fund	102K	$1.4M
Two Sigma Investments, LPHedge fund	12K	$161,519
Pfg Investments, LLC	11K	$152,204
SG Americas Securities, LLC	7,948	$107,000
Strategic Wealth Partners, Ltd.	6,185	$83,318
Acadian Asset Management LLCActive manager	3,637	$48,000
Legacy Wealth Managment, LLC	2,381	$32,073
Advisory Services Network, LLC	358	$4,822
Harbour Investments, Inc.	300	$4,041
Optiver Holding B.V.	88	$1,185

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 78
Ten largest holders: 91.5%
Index fund managers: 11.7%
Active managers and hedge funds: 1.8%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	4	5	2	3	−92K	−28.2%
Index fund managers	7	2	0	0	+89K	+6.3%
Other institutions	30	27	6	11	+26K	+0.2%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Nexpoint Real Estate Finance.

Only managers that filed a holdings report for both quarters are compared (92 here). 2 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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