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NexPoint Real Estate Finance, Inc.

NREF
Exchange
NYSE
Industry
Real Estate Investment Trusts
SEC CIK
0001786248

No open-market purchases or sales by NexPoint Real Estate Finance, Inc. insiders were filed in the last 90 days; 77 institutions reported holding it in 13F filings for Q2 2026, worth $199.9M in total; no superinvestor holds it.

Other share classesNREF.PA

13F holders, Q1 2025

Institutional positions in NexPoint Real Estate Finance, Inc. as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
75
+1 vs. Q4 2024
Shares held
11.8M
+57.2K (+0.5%) vs. Q4 2024
Total value
$180.0M
−$3.86M (−2.1%) vs. Q4 2024
New holders
10
25 more added
Sold out
9
25 more reduced

3 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NREF on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2025: 75 institutions
Q1 2021: 29 institutionsQ2 2021: 37 institutionsQ3 2021: 41 institutionsQ4 2021: 47 institutionsQ1 2022: 57 institutionsQ2 2022: 71 institutionsQ3 2022: 55 institutionsQ4 2022: 60 institutionsQ1 2023: 56 institutionsQ2 2023: 54 institutionsQ3 2023: 60 institutionsQ4 2023: 60 institutionsQ1 2024: 62 institutionsQ2 2024: 65 institutionsQ3 2024: 69 institutionsQ4 2024: 77 institutionsQ1 2025: 75 institutionsQ2 2025: 76 institutionsQ3 2025: 76 institutionsQ4 2025: 79 institutionsQ1 2026: 86 institutionsQ2 2026: 77 institutions
Value heldQ1 2025: $180.0M
Q1 2021: $38.7MQ2 2021: $42.6MQ3 2021: $77.6MQ4 2021: $79.1MQ1 2022: $206.5MQ2 2022: $202.7MQ3 2022: $147.6MQ4 2022: $157.0MQ1 2023: $178.9MQ2 2023: $184.1MQ3 2023: $191.8MQ4 2023: $186.4MQ1 2024: $171.9MQ2 2024: $161.7MQ3 2024: $183.4MQ4 2024: $184.1MQ1 2025: $180.0MQ2 2025: $162.3MQ3 2025: $168.1MQ4 2025: $181.6MQ1 2026: $173.4MQ2 2026: $199.9M
Institutions holding NREF and their total value by quarter
QuarterHoldersValue
Q2 202677$199.9M
Q1 202686$173.4M
Q4 202579$181.6M
Q3 202576$168.1M
Q2 202576$162.3M
Q1 202575$180.0M
Q4 202477$184.1M
Q3 202469$183.4M
Q2 202465$161.7M
Q1 202462$171.9M
Q4 202360$186.4M
Q3 202360$191.8M
Q2 202354$184.1M
Q1 202356$178.9M
Q4 202260$157.0M
Q3 202255$147.6M
Q2 202271$202.7M
Q1 202257$206.5M
Q4 202147$79.1M
Q3 202141$77.6M
Q2 202137$42.6M
Q1 202129$38.7M

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding NexPoint Real Estate Finance, Inc.; share changes are against Q4 2024.

Institutions holding NREF in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Highland Capital Management Fund Advisors, L.P.8,587,364$131.3M12.46%00.0%Unchanged
BlackRock, Inc.656,887$10.0M0.00%+12,023+1.9%Added
Vanguard Group Inc435,310$6.66M0.00%−756−0.2%Reduced
Raymond James Financial Inc297,411$4.55M0.00%−34,511−10.4%Reduced
Geode Capital Management, LLC199,594$3.05M0.00%+7,303+3.8%Added
Millennium Management LLC166,049$2.54M0.00%−34,037−17.0%Reduced
State Street Corp155,361$2.38M0.00%+640+0.4%Added
Morgan Stanley124,287$1.90M0.00%+5,927+5.0%Added
O'Shaughnessy Asset Management, LLC97,482$1.49M0.01%+97,482New
Wedbush Securities Inc83,897$1.28M0.05%+13,051+18.4%Added
Cambridge Investment Research Advisors, Inc.81,794$1.25M0.00%−40,965−33.4%Reduced
Northern Trust Corp65,783$1.01M0.00%−3,838−5.5%Reduced
Penserra Capital Management LLC65,343$999.0K0.02%+11,286+20.9%Added
1776 Wealth LLC61,939$947.0K0.44%+1,000+1.6%Added
Ritholtz Wealth Management54,521$833.6K0.02%+54,521New
Marshall Wace, LLP53,661$820.5K0.00%+17,467+48.3%Added
Independent Financial Group, LLC47,772$730.4K0.03%+47,772New
Goldman Sachs Group Inc42,920$656.2K0.00%+6,049+16.4%Added
Morey & Quinn Wealth Partners, LLC39,639$606.1K0.50%00.0%Unchanged
Berkeley Capital Partners, LLC38,971$595.9K0.16%+1,084+2.9%Added
LPL Financial LLC29,211$446.6K0.00%−1,882−6.1%Reduced
Charles Schwab Investment Management Inc26,310$402.3K0.00%+20.0%Added
Two Sigma Investments, LP24,947$381.4K0.00%+11,568+86.5%Added
Bank of America Corp23,195$354.7K0.00%−3,259−12.3%Reduced
HighTower Advisors, LLC22,615$345.8K0.00%+3,871+20.7%Added
Barclays PLC19,259$294.5K0.00%−4,086−17.5%Reduced
Concorde Asset Management, LLC21,728$288.1K0.16%+5,878+37.1%Added
Navis Wealth Advisors, LLC17,697$270.6K0.27%+535+3.1%Added
Bank of New York Mellon Corp17,560$268.5K0.00%00.0%Unchanged
Citadel Advisors LLC16,612$254.0K0.00%−9,139−35.5%Reduced
Advisor Group Holdings, Inc.16,253$248.5K0.00%+14,773+998.2%Added
HSBC Holdings PLC15,765$243.7K0.00%+636+4.2%Added
Corton Capital Inc.15,675$239.7K0.79%−7,908−33.5%Reduced
Qube Research & Technologies Ltd15,281$233.6K0.00%+15,281New
Susquehanna International Group, LLP13,865$212.0K0.00%+13,865New
Rhumbline Advisers12,097$185.0K0.00%−459−3.7%Reduced
Atria Wealth Solutions, Inc.11,736$179.4K0.00%−345−2.9%Reduced
Copley Financial Group, Inc.11,051$169.0K0.13%+11,051New
Alliancebernstein L.P.10,040$153.5K0.00%−350−3.4%Reduced
Acadian Asset Management LLC8,170$124.0K0.00%−1,463−15.2%Reduced
JPMorgan Chase & Co7,311$111.8K0.00%−2,338−24.2%Reduced
Royal Bank of Canada6,170$94.0K0.00%+3,119+102.2%Added
Citigroup Inc5,982$91.5K0.00%−482−7.5%Reduced
Russell Investments Group, Ltd.5,737$87.7K0.00%−621−9.8%Reduced
New York State Common Retirement Fund5,468$83.6K0.00%00.0%Unchanged
UBS Group AG5,223$79.9K0.00%+711+15.8%Added
Mirae Asset Global ETFs Holdings Ltd.4,949$75.7K0.00%+234+5.0%Added
Wells Fargo & Company4,909$75.1K0.00%+108+2.2%Added
MetLife Investment Management4,852$74.2K0.00%+4,852New
Corebridge Financial, Inc.4,006$61.3K0.00%−59−1.5%Reduced
Credit Agricole S A4,000$61.2K0.00%00.0%Unchanged
Nisa Investment Advisors, LLC3,830$58.6K0.00%−932−19.6%Reduced
STRS Ohio1,700$26.0K0.00%00.0%Unchanged
Arlington Trust Co LLC1,500$22.9K0.00%+1,500New
FMR LLC1,048$16.0K0.00%−95−8.3%Reduced
Legacy Wealth Managment, LLC1,000$15.3K0.01%00.0%Unchanged
BNP Paribas Arbitrage, SA761$11.6K0.00%−243−24.2%Reduced
Tower Research Capital LLC (TRC)733$11.2K0.00%−581−44.2%Reduced
California State Teachers Retirement System592$9.05K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.588$8.99K0.00%00.0%Unchanged
Legal & General Group Plc573$8.76K0.00%00.0%Unchanged
Transce3nd, LLC554$8.47K0.00%00.0%Unchanged
Harbour Investments, Inc.300$4.59K0.00%00.0%Unchanged
Amalgamated Bank272$4.00K0.00%00.0%Unchanged
Harbor Capital Advisors, Inc.292$4.00K0.00%+69+30.9%Added
Private Wealth Management Group, LLC243$3.72K0.00%+3+1.3%Added
Covestor Ltd212$3.00K0.00%+171+417.1%Added
Sterling Capital Management LLC147$2.25K0.00%−131−47.1%Reduced
CWM, LLC111$2.00K0.00%+10+9.9%Added
The PNC Financial Services Group, Inc.122$1.86K0.00%00.0%Unchanged
Coldstream Capital Management Inc38$5820.00%+38New
GAMMA Investing LLC35$5350.00%−69−66.3%Reduced
Massmutual Trust Co FSB17$2600.00%00.0%Unchanged
EverSource Wealth Advisors, LLC10$1530.00%−69−87.3%Reduced
True Wealth Design, LLC4$620.00%+4New
Kennedy Capital Management, Inc.0$00.00%−80,913−100.0%Sold out
Jane Street Group, LLC0$00.00%−24,274−100.0%Sold out
First Foundation Advisors0$00.00%−15,012−100.0%Sold out
Renaissance Technologies LLC0$00.00%−12,900−100.0%Sold out
CI Private Wealth, LLC0$00.00%−12,343−100.0%Sold out
Cubist Systematic Strategies, LLC0$00.00%−11,867−100.0%Sold out
Public Employees Retirement System of Ohio0$00.00%−300−100.0%Sold out
Point72 (DIFC) Ltd0$00.00%−251−100.0%Sold out
Point72 Asia (Singapore) Pte. Ltd.0$00.00%−206−100.0%Sold out
Nuveen Asset Management, LLC––––Not filed
Legacy Investment Solutions, LLC––––Not filed
Oliver Lagore Vanvalin Investment Group––––Not filed