Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NNN REIT INC (NNN)

487 + Investors. Track Smart Money conviction in NNN. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +20
Streak
2Q ▲
Buyers last Q
52%

Smart Money Signals — NNN

Based on 481 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added NNN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
481 hedge funds hold NNN right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +8% more funds vs a year ago

fund count last 6Q
+36 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

252 buying230 selling
Last quarter: 252 funds bought or added vs 230 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~79 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 61 → 50 → 74 → 79. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 20% medium ■ 20% new
292 out of 481 hedge funds have held NNN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

55 → 61 → 50 → 74 → 79 new funds/Q
New funds entering each quarter: 61 → 50 → 74 → 79. A growing number of institutions are discovering NNN each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 64% of holders stayed 2+ years

■ 64% veterans ■ 11% 1-2yr ■ 24% new
Of 487 current holders: 314 (64%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 62% AUM from top-100 funds

62% from top-100 AUM funds
41 of 481 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in NNN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: NNN

How many hedge funds hold NNN — quarterly history vs. share price
Quarterly hedge fund ownership of NNN vs. share price

Market Analysis: NNN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NNN

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

67 top-rated funds 2 high-conviction
Consensus
8.0
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: NNN
2026 Q1 Stats Unlock in 12 days 487 + Investors

Track Smart Money conviction in NNN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 487 467 4.28%
13F Shares 174M 168M 3.29%
Total Value $6.88B $7.13B -3.43%
New Positions 79 74 +5
Increased Positions 184 201 -17
Closed Positions 61 55 +6
Reduced Positions 175 134 +41
Total Calls 5 5 -
Total Puts 3 3 -
PUT/CALL Ratio 0.6 0.6 Bullish

Statistics: NNN

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
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Institutional Holders (2026 Q1)

487 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NNN. Verified SEC 13F-HR filings.

Top 25 institutional holders of NNN — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Gerald Baker Financial Group LLC 4.08% 252,839 $10.3M
2 BERNZOTT CAPITAL ADVISORS 2.73% 135,771 $5.7M
3 Verity & Verity, LLC 1.48% 471,571 $19.8M
4 EQUITY INVESTMENT CORP 1.37% 1,662,396 $69.9M
5 Pensionfund Sabic 1.28% 25,300 $1K
6 Pensionfund PDN 1.27% 52,200 $2K
7 Values First Advisors, Inc. 1.26% 57,326 $2.4M
8 MFG WEALTH MANAGEMENT, INC. 1.16% 33,319 $1.4M
9 Riverwater Partners LLC 1.11% 79,447 $3.3M
10 Mondrian Investment Partners LTD 1.11% 1,766,273 $74.2M
11 Sound Income Strategies, LLC 0.98% 476,389 $20.2M
12 Red Spruce Capital, LLC 0.88% 51,255 $2.2M
13 TECTONIC ADVISORS LLC 0.80% 358,398 $15.1M
14 Morey & Quinn Wealth Partners, LLC 0.66% 22,101 $929K
15 Arbejdsmarkedets Tillaegspension 0.63% 598,125 $25.1M
16 Murphy, Middleton, Hinkle & Parker, Inc. 0.57% 29,253 $1.2M
17 Burford Brothers, Inc. 0.51% 29,360 $1.2M
18 DEPRINCE RACE & ZOLLO INC 0.46% 575,208 $24.2M
19 Southland Equity Partners LLC 0.40% 48,420 $2.0M
20 SCHNIEDERS CAPITAL MANAGEMENT, LLC. 0.37% 55,068 $2.3M
21 Tuttle Capital Management, LLC 0.34% 4,920 $207K
22 JEPPSON WEALTH MANAGEMENT, LLC 0.33% 25,007 $1.1M
23 Adams Asset Advisors, LLC 0.29% 62,214 $2.6M
24 Pasadena Private Wealth, LLC 0.28% 48,392 $2.0M
25 MQS Management LLC 0.24% 8,466 $356K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — NNN REIT INC (NNN)

What does the Smart Money Trend signal show for NNN?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added NNN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NNN?

Slight buying edge — 52% buying: Last quarter: 252 funds bought or added vs 230 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NNN holders?

Elite ownership — 62% AUM from top-100 funds: 41 of 481 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in NNN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NNN?

61% of holders stayed for 2+ years: 292 out of 481 hedge funds have held NNN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.