Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Nexpoint Real Estate Fin Inc (NREF)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
2Q ▲
Buyers last Q
52%

Smart Money Signals — NREF

Based on 84 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added NREF 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
84 hedge funds hold NREF 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 — +14% more funds vs a year ago

fund count last 6Q
+10 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

42 buying38 selling
Last quarter: 42 funds bought or added vs 38 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 — ~17 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 11 → 11 → 13 → 17. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

45% of holders stayed for 2+ years

■ 45% conviction (2yr+) ■ 29% medium ■ 26% new
38 out of 84 hedge funds have held NREF 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

10 → 11 → 11 → 13 → 17 new funds/Q
New funds entering each quarter: 11 → 11 → 13 → 17. A growing number of institutions are discovering NREF each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 49% veterans vs 29% newcomers

■ 49% veterans ■ 23% 1-2yr ■ 29% new
Entry-cohort mix of 84 holders: 41 (49%) are 2+ year veterans, 19 entered 1–2 years ago, and 24 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 13% AUM from top-100

13% from top-100 AUM funds
30 of 84 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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.

Institutional Sentiment Summary — NREF

In 2026 Q1, 42 hedge funds were net buyers of NREF (17 opened a new position, 25 added to an existing one), while 38 reduced or exited (29 trimmed, 9 sold completely) — a 52% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 84.

Hedge Fund Ownership: NREF

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

Market Analysis: NREF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NREF

-- --

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

Is It Too Late to Buy Nexpoint Real Estate Fin Inc (NREF) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NREF has moved relative to its sector benchmark (XLRE) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 46d ago
NREF
+9.4%
XLRE
+2.8%

NREF outperformed XLRE by +6.6% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 1d ago
NREF
+0.0%
XLRE
+0.0%

Since the filing became public, NREF outperformed XLRE by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

14 top-rated funds 0 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: NREF
2026 Q2 Stats Unlock in 4 days 82 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 82 76 7.89%
13F Shares 13M 13M 1.21%
Total Value $170M $178M -4.36%
New Positions 16 13 +3
Increased Positions 24 21 +3
Closed Positions 10 10 -
Reduced Positions 29 33 -4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NREF

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
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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Income Statement & Cash Flow
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Diluted EPS (ttm) --
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Institutional Holders (2026 Q2)

82 + investors

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

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 NREF holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Nexpoint Asset Management, L.P. 9.78% 9,439,635 $146.3M
2 Copley Financial Group, Inc. 1.04% 110,587 $1.7M
3 1776 Wealth LLC 0.40% 72,399 $1.1M
4 Morey & Quinn Wealth Partners, LLC 0.36% 36,562 $567K
5 Navis Wealth Advisors, LLC 0.12% 20,819 $323K
6 Daytona Street Capital LLC 0.08% 7,000 $112K
7 Independent Financial Group, LLC 0.08% 281,010 $4.4M
8 Ritholtz Wealth Management 0.02% 104,618 $1.6M
9 Oak Grove Capital LLC 0.02% 27,000 $418K
10 O'shaughnessy Asset Management, LLC 0.01% 155,328 $2.4M
11 Bridgeway Capital Management, LLC 0.01% 18,400 $285K
12 Callan Family Office, LLC 0.00% 12,218 $189K
13 Oppenheimer & Co Inc 0.00% 17,357 $269K
14 Jacobs Levy Equity Management, Inc 0.00% 33,387 $517K
15 Raymond James Financial Inc 0.00% 292,853 $4.5M
16 Cetera Investment Advisers 0.00% 41,722 $647K
17 HighTower Advisors, LLC 0.00% 32,413 $502K
18 Russell Investments Group, Ltd. 0.00% 32,075 $497K
19 Tower Research Capital LLC (TRC) 0.00% 819 $13K
20 Osaic Holdings, INC. 0.00% 14,880 $231K
21 Ameritas Investment Partners, Inc. 0.00% 588 $9K
22 Police & Firemen's Retirement System of New Jersey 0.00% 1,846 $29K
23 LPL Financial LLC 0.00% 50,332 $780K
24 Morgan Stanley 0.00% 195,067 $3.0M
25 BlackRock, Inc. 0.00% 624,275 $9.7M
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 — Nexpoint Real Estate Fin Inc (NREF)

What does the Smart Money Trend signal show for NREF?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added NREF 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 NREF?

Slight buying edge — 52% buying: Last quarter: 42 funds bought or added vs 38 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 NREF holders?

Smaller funds dominant — 13% AUM from top-100: 30 of 84 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held NREF?

45% of holders stayed for 2+ years: 38 out of 84 hedge funds have held NREF 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.

Is it too late to buy Nexpoint Real Estate Fin Inc (NREF) following the 2026 Q2 hedge fund 13F filings?

As of today, NREF has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLRE sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), NREF has gained +9.4% vs +2.8% for XLRE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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