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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, Q2 2025

Institutional positions in NexPoint Real Estate Finance, Inc. as of Jun 30, 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
76
+3 vs. Q1 2025
Shares held
11.8M
+20.2K (+0.2%) vs. Q1 2025
Total value
$162.3M
−$17.4M (−9.7%) vs. Q1 2025
New holders
12
31 more added
Sold out
9
24 more reduced

2 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: 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 holdersQ2 2025: 76 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 heldQ2 2025: $162.3M
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, Q2 2025

Shares, value and share of portfolio for each institution holding NexPoint Real Estate Finance, Inc.; share changes are against Q1 2025.

Institutions holding NREF in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Highland Capital Management Fund Advisors, L.P.8,587,364$118.4M11.29%00.0%Unchanged
BlackRock, Inc.623,471$8.60M0.00%−33,416−5.1%Reduced
Vanguard Group Inc434,836$6.00M0.00%−474−0.1%Reduced
Raymond James Financial Inc305,287$4.21M0.00%+7,876+2.6%Added
Geode Capital Management, LLC201,310$2.78M0.00%+1,716+0.9%Added
State Street Corp162,161$2.24M0.00%+6,800+4.4%Added
Morgan Stanley158,351$2.18M0.00%+34,064+27.4%Added
Millennium Management LLC145,581$2.01M0.00%−20,468−12.3%Reduced
O'Shaughnessy Asset Management, LLC94,848$1.31M0.01%−2,634−2.7%Reduced
Wedbush Securities Inc76,917$1.06M0.04%−6,980−8.3%Reduced
1776 Wealth LLC69,154$953.6K0.39%+7,215+11.6%Added
Penserra Capital Management LLC68,843$949.0K0.01%+3,500+5.4%Added
Northern Trust Corp62,678$864.3K0.00%−3,105−4.7%Reduced
Marshall Wace, LLP56,732$782.3K0.00%+3,071+5.7%Added
Ritholtz Wealth Management56,632$780.9K0.02%+2,111+3.9%Added
Independent Financial Group, LLC53,608$739.3K0.02%+5,836+12.2%Added
Goldman Sachs Group Inc44,235$610.0K0.00%+1,315+3.1%Added
Summit Asset Management, LLC40,083$552.7K0.09%+40,083New
Berkeley Capital Partners, LLC39,929$550.6K0.14%+958+2.5%Added
Morey & Quinn Wealth Partners, LLC39,639$546.6K0.44%00.0%Unchanged
Cambridge Investment Research Advisors, Inc.37,938$523.0K0.00%−43,856−53.6%Reduced
Copley Financial Group, Inc.37,916$522.9K0.39%+26,865+243.1%Added
LPL Financial LLC28,092$387.4K0.00%−1,119−3.8%Reduced
HighTower Advisors, LLC24,669$340.2K0.00%+2,054+9.1%Added
Charles Schwab Investment Management Inc23,982$330.7K0.00%−2,328−8.8%Reduced
Barclays PLC23,499$324.1K0.00%+4,240+22.0%Added
Bank of America Corp21,898$302.0K0.00%−1,297−5.6%Reduced
Two Sigma Investments, LP19,735$272.1K0.00%−5,212−20.9%Reduced
Navis Wealth Advisors, LLC18,330$252.8K0.21%+633+3.6%Added
Bank of New York Mellon Corp18,256$251.8K0.00%+696+4.0%Added
PFG Investments, LLC17,977$247.9K0.01%+17,977New
Corton Capital Inc.17,104$235.9K0.27%+1,429+9.1%Added
Advisor Group Holdings, Inc.15,052$207.6K0.00%−1,201−7.4%Reduced
HSBC Holdings PLC14,241$197.8K0.00%−1,524−9.7%Reduced
Russell Investments Group, Ltd.13,043$179.9K0.00%+7,306+127.3%Added
Rhumbline Advisers12,705$175.2K0.00%+608+5.0%Added
Kapitalo Investimentos Ltda12,496$172.3K0.04%+12,496New
Alliancebernstein L.P.12,440$171.5K0.00%+2,400+23.9%Added
Atria Wealth Solutions, Inc.11,674$161.0K0.00%−62−0.5%Reduced
Susquehanna International Group, LLP11,273$155.5K0.00%−2,592−18.7%Reduced
Royal Bank of Canada9,272$128.0K0.00%+3,102+50.3%Added
JPMorgan Chase & Co7,132$98.3K0.00%−179−2.4%Reduced
New York State Common Retirement Fund5,468$75.4K0.00%00.0%Unchanged
Wells Fargo & Company4,907$67.7K0.00%−20.0%Reduced
Acadian Asset Management LLC4,348$59.0K0.00%−3,822−46.8%Reduced
UBS Group AG3,192$44.0K0.00%−2,031−38.9%Reduced
Citigroup Inc2,877$39.7K0.00%−3,105−51.9%Reduced
Nisa Investment Advisors, LLC2,792$38.5K0.00%−1,038−27.1%Reduced
Tower Research Capital LLC (TRC)2,493$34.4K0.00%+1,760+240.1%Added
Police & Firemen's Retirement System of New Jersey1,846$25.5K0.00%+1,846New
Legacy Wealth Managment, LLC1,774$24.5K0.01%+774+77.4%Added
Legacy Investment Solutions, LLC1,774$24.5K0.01%+1,774New
Simplex Trading, LLC1,790$24.0K0.00%+1,790New
STRS Ohio1,700$23.4K0.00%00.0%Unchanged
BNP Paribas Arbitrage, SA1,107$15.3K0.00%+346+45.5%Added
FMR LLC1,065$14.7K0.00%+17+1.6%Added
Legal & General Group Plc717$9.89K0.00%+144+25.1%Added
Ameritas Advisory Services, LLC600$8.27K0.00%+600New
California State Teachers Retirement System592$8.16K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.588$8.11K0.00%00.0%Unchanged
Oliver Lagore Vanvalin Investment Group500$7.64K0.00%+500New
Transce3nd, LLC554$7.64K0.00%00.0%Unchanged
Harbour Investments, Inc.300$4.14K0.00%00.0%Unchanged
Amalgamated Bank272$4.00K0.00%00.0%Unchanged
CWM, LLC322$4.00K0.00%+211+190.1%Added
Sterling Capital Management LLC231$3.19K0.00%+84+57.1%Added
Harbor Capital Advisors, Inc.221$3.00K0.00%−71−24.3%Reduced
EverSource Wealth Advisors, LLC113$1.56K0.00%+103+1,030.0%Added
Covestor Ltd39$1.00K0.00%−173−81.6%Reduced
UMA Financial Services, Inc.68$9380.00%+68New
GAMMA Investing LLC56$7720.00%+21+60.0%Added
Massmutual Trust Co FSB49$6760.00%+32+188.2%Added
IFP Advisors, Inc27$4280.00%+27New
Essential Partners LLC5$690.00%+5New
True Wealth Design, LLC3$420.00%−1−25.0%Reduced
Allworth Financial LP2$280.00%+2New
Citadel Advisors LLC0$00.00%−16,612−100.0%Sold out
Qube Research & Technologies Ltd0$00.00%−15,281−100.0%Sold out
Mirae Asset Global ETFs Holdings Ltd.0$00.00%−4,949−100.0%Sold out
MetLife Investment Management0$00.00%−4,852−100.0%Sold out
Corebridge Financial, Inc.0$00.00%−4,006−100.0%Sold out
Arlington Trust Co LLC0$00.00%−1,500−100.0%Sold out
Private Wealth Management Group, LLC0$00.00%−243−100.0%Sold out
The PNC Financial Services Group, Inc.0$00.00%−122−100.0%Sold out
Coldstream Capital Management Inc0$00.00%−38−100.0%Sold out
Concorde Asset Management, LLC––––Not filed
Credit Agricole S A––––Not filed