NexPoint Real Estate Finance, Inc. (NREF) — Institutional Holders, Q2 2026
78 institutional investment managers reported a NREF position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $199.9M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
NREF in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- INDEPENDENT FINANCIAL GROUPAdded · +41,271 sh+$639.7K
- VANGUARD CAPITAL MANAGEMENTAdded · +36,847 sh+$571.1K
- BlackRockAdded · +30,273 sh+$469.2K
- Oak Grove CapitalNew · +27,000 sh+$418.5K
- BRIDGEWAY CAPITAL MANAGEMENTNew · +18,400 sh+$285.2K
Biggest sellers
- MILLENNIUM MANAGEMENTSold out · -102,222 sh-$1.6M
- GOLDMAN SACHS GROUPTrimmed · -19,971 sh-$309.6K
- TWO SIGMA INVESTMENTSSold out · -11,991 sh-$185.9K
- PFG InvestmentsSold out · -11,299 sh-$175.1K
- RITHOLTZ WEALTH MANAGEMENTTrimmed · -7,970 sh-$123.5K
NREF 13F holders ranked 1–78 of 78
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | NEXPOINT ASSET MANAGEMENT, L.P.#1 · 9,439,635 sh | 9,439,635 | $146.3M | 9.78% | 0.0% |
| 2 | BlackRock#2 · 624,275 sh | 624,275 | $9.7M | <0.01% | +5.1% |
| 3 | VANGUARD CAPITAL MANAGEMENT#3 · 346,323 sh | 346,323 | $5.4M | <0.01% | +11.9% |
| 4 | RAYMOND JAMES FINANCIAL#4 · 292,853 sh | 292,853 | $4.5M | <0.01% | -2.0% |
| 5 | INDEPENDENT FINANCIAL GROUP#5 · 281,010 sh | 281,010 | $4.4M | — | +17.2% |
| 6 | MORGAN STANLEY#6 · 195,067 sh | 195,067 | $3.0M | <0.01% | +1.7% |
| 7 | GEODE CAPITAL MANAGEMENT#7 · 182,678 sh | 182,678 | $2.8M | <0.01% | +1.9% |
| 8 | STATE STREET#8 · 173,362 sh | 173,362 | $2.7M | <0.01% | -1.3% |
| 9 | O'SHAUGHNESSY ASSET MANAGEMENT#9 · 155,328 sh | 155,328 | $2.4M | 0.01% | -0.2% |
| 10 | Copley Financial Group#10 · 110,587 sh | 110,587 | $1.7M | 1.04% | +0.1% |
| 11 | RITHOLTZ WEALTH MANAGEMENT#11 · 104,618 sh | 104,618 | $1.6M | 0.02% | -7.1% |
| 12 | Penserra Capital Management#12 · 80,732 sh | 80,732 | $1.3M | <0.01% | -3.2% |
| 13 | 1776 Wealth#13 · 72,399 sh | 72,399 | $1.1M | 0.40% | 0.0% |
| 14 | WEDBUSH SECURITIES#14 · 60,117 sh | 60,117 | $932.0K | — | -3.8% |
| 15 | NORTHERN#15 · 57,141 sh | 57,141 | $885.7K | <0.01% | +14.8% |
| 16 | GOLDMAN SACHS GROUP#16 · 51,585 sh | 51,585 | $799.6K | <0.01% | -27.9% |
| 17 | LPL Financial#17 · 50,332 sh | 50,332 | $780.1K | <0.01% | +10.6% |
| 18 | VANGUARD PORTFOLIO MANAGEMENT#18 · 48,334 sh | 48,334 | $749.2K | 0.00% | +24.8% |
| 19 | Cetera Investment Advisers#19 · 41,722 sh | 41,722 | $646.7K | <0.01% | +14.1% |
| 20 | VANGUARD FIDUCIARY#20 · 41,174 sh | 41,174 | $638.2K | <0.01% | +1.6% |
| 21 | Morey & Quinn Wealth Partners#21 · 36,562 sh | 36,562 | $566.7K | 0.36% | -3.5% |
| 22 | JACOBS LEVY EQUITY MANAGEMENT#22 · 33,387 sh | 33,387 | $517.5K | <0.01% | -9.7% |
| 23 | HighTower Advisors#23 · 32,413 sh | 32,413 | $502.4K | <0.01% | +17.0% |
| 24 | Russell Investments Group, Ltd.#24 · 32,075 sh | 32,075 | $497.2K | <0.01% | +38.4% |
| 25 | Oak Grove Capital#25 · 27,000 sh | 27,000 | $418.5K | — | New |
| 26 | Concorde Asset Management#26 · 25,950 sh | 25,950 | $402.2K | 0.23% | +10.7% |
| 27 | CHARLES SCHWAB INVESTMENT MANAGEMENT#27 · 23,620 sh | 23,620 | $366.1K | 0.00% | +17.1% |
| 28 | BANK OF AMERICA#28 · 23,445 sh | 23,445 | $363.4K | 0.00% | -12.7% |
| 29 | Navis Wealth Advisors#29 · 20,819 sh | 20,819 | $322.7K | 0.12% | +3.2% |
| 30 | BRIDGEWAY CAPITAL MANAGEMENT#30 · 18,400 sh | 18,400 | $285.2K | <0.01% | New |
| 31 | Bank of New York Mellon#31 · 17,489 sh | 17,489 | $271.1K | 0.00% | +16.0% |
| 32 | OPPENHEIMER#32 · 17,357 sh | 17,357 | $269.0K | — | New |
| 33 | OSAIC#33 · 14,880 sh | 14,880 | $230.6K | <0.01% | +42.0% |
| 34 | ALLIANCEBERNSTEIN L.P.#34 · 15,440 sh | 15,440 | $208.0K | <0.01% | +11.6% |
| 35 | Nuveen#35 · 12,716 sh | 12,716 | $197.1K | 0.00% | New |
| 36 | Callan Family Office#36 · 12,218 sh | 12,218 | $189.4K | <0.01% | 0.0% |
| 37 | BARCLAYS PLC#37 · 11,989 sh | 11,989 | $185.8K | 0.00% | +1.1% |
| 38 | Invesco Ltd.#38 · 10,694 sh | 10,694 | $165.8K | 0.00% | -6.3% |
| 39 | AMERIPRISE FINANCIAL#39 · 10,141 sh | 10,141 | $157.2K | 0.00% | 0.0% |
| 40 | AQR CAPITAL MANAGEMENT#40 · 10,088 sh | 10,088 | $156.4K | <0.01% | New |
| 41 | RHUMBLINE ADVISERS#41 · 10,073 sh | 10,073 | $156.1K | <0.01% | -3.8% |
| 42 | UBS Group AG#42 · 8,059 sh | 8,059 | $124.9K | 0.00% | -47.3% |
| 43 | Daytona Street Capital#43 · 7,000 sh | 7,000 | $112.4K | — | 0.0% |
| 44 | DEUTSCHE BANK AG\#44 · 7,001 sh | 7,001 | $108.5K | 0.00% | +53.0% |
| 45 | WELLS FARGO & COMPANY#45 · 6,759 sh | 6,759 | $104.8K | 0.00% | +108.6% |
| 46 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO#46 · 5,820 sh | 5,820 | $90.2K | <0.01% | 0.0% |
| 47 | NEW YORK STATE COMMON RETIREMENT FUND#47 · 5,468 sh | 5,468 | $84.8K | <0.01% | 0.0% |
| 48 | BNP PARIBAS FINANCIAL MARKETS#48 · 4,862 sh | 4,862 | $75.4K | 0.00% | +179.7% |
| 49 | CITIGROUP#49 · 3,748 sh | 3,748 | $58.1K | 0.00% | -9.6% |
| 50 | MIRAE ASSET GLOBAL ETFS Ltd.#50 · 3,305 sh | 3,305 | $51.2K | <0.01% | -7.7% |
| 51 | Vanguard Global Advisers#51 · 3,291 sh | 3,291 | $51.0K | 0.00% | 0.0% |
| 52 | JPMORGAN CHASE#52 · 3,169 sh | 3,169 | $49.4K | 0.00% | +8.5% |
| 53 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#53 · 1,885 sh | 1,885 | $29.2K | 0.00% | 0.0% |
| 54 | Police & Firemen's Retirement System of New Jersey#54 · 1,846 sh | 1,846 | $28.6K | <0.01% | 0.0% |
| 55 | STRS OHIO#55 · 1,700 sh | 1,700 | $26.4K | <0.01% | 0.0% |
| 56 | ROYAL BANK OF CANADA#56 · 1,591 sh | 1,591 | $25.0K | 0.00% | +15.9% |
| 57 | NISA INVESTMENT ADVISORS#57 · 1,037 sh | 1,037 | $16.1K | — | -29.9% |
| 58 | Tower Research Capital (TRC)#58 · 819 sh | 819 | $12.7K | <0.01% | -54.1% |
| 59 | Legal & General Group Plc#59 · 717 sh | 717 | $11.1K | 0.00% | 0.0% |
| 60 | Ameritas Investment Partners#60 · 588 sh | 588 | $9.1K | <0.01% | 0.0% |
| 61 | FMR#61 · 478 sh | 478 | $7.4K | 0.00% | +8.1% |
| 62 | JONES FINANCIAL COMPANIES LLLP#62 · 300 sh | 300 | $4.6K | 0.00% | 0.0% |
| 63 | HARBOR CAPITAL ADVISORS#63 · 228 sh | 228 | $4.0K | — | 0.0% |
| 64 | GAMMA Investing#64 · 242 sh | 242 | $3.8K | — | +7.1% |
| 65 | SRS Capital Advisors#65 · 198 sh | 198 | $3.1K | 0.00% | New |
| 66 | Covestor Ltd#66 · 137 sh | 137 | $2.0K | <0.01% | +31.7% |
| 67 | Sterling Capital Management#67 · 125 sh | 125 | $1.9K | — | -43.7% |
| 68 | EverSource Wealth Advisors#68 · 125 sh | 125 | $1.9K | <0.01% | +62.3% |
| 69 | Integrated Wealth Concepts#69 · 79 sh | 79 | $1.2K | 0.00% | New |
| 70 | MassMutual Private Wealth & , FSB#70 · 64 sh | 64 | $992.00 | — | 0.0% |
| 71 | PNC FINANCIAL SERVICES GROUP#71 · 40 sh | 40 | $620.00 | 0.00% | 0.0% |
| 72 | Essential Partners#72 · 17 sh | 17 | $264.00 | — | +6.2% |
| 73 | Allworth Financial#73 · 9 sh | 9 | $140.00 | 0.00% | +350.0% |
| 74 | IFP Advisors#74 · 7 sh | 7 | $108.00 | — | -12.5% |
| 75 | True Wealth Design#75 · 4 sh | 4 | $62.00 | — | +300.0% |
| 76 | Farther Finance Advisors#76 · 4 sh | 4 | $62.00 | — | New |
| 77 | ROTHSCHILD INVESTMENT#77 · 4 sh | 4 | $62.00 | 0.00% | +33.3% |
| 78 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM#78 · 94 sh | 94 | — | — | -72.1% |
Funds that sold out of NREF in Q2 2026 (14)
Held NREF at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| MILLENNIUM MANAGEMENT102,222 sh | 102,222 | $1.4M |
| TWO SIGMA INVESTMENTS11,991 sh | 11,991 | $161.5K |
| PFG Investments11,299 sh | 11,299 | $152.2K |
| SG Americas Securities7,948 sh | 7,948 | $107.0K |
| Strategic Wealth Partners, Ltd.6,185 sh | 6,185 | $83.3K |
| ACADIAN ASSET MANAGEMENT3,637 sh | 3,637 | $48.0K |
| Legacy Wealth Managment2,381 sh | 2,381 | $32.1K |
| Advisory Services Network358 sh | 358 | $4.8K |
| HARBOUR INVESTMENTS300 sh | 300 | $4.0K |
| Optiver Holding B.V.88 sh | 88 | $1.2K |
| SIGNATUREFD50 sh | 50 | $674.00 |
| Parallel Advisors42 sh | 42 | $566.00 |
| MAI Capital Management9 sh | 9 | $122.00 |
| SIMPLEX TRADING2 sh | 2 | $26.00 |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.