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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, Q3 2025

Institutional positions in NexPoint Real Estate Finance, Inc. as of Sep 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. Q2 2025
Shares held
11.9M
+99.2K (+0.8%) vs. Q2 2025
Total value
$168.1M
+$6.00M (+3.7%) vs. Q2 2025
New holders
11
33 more added
Sold out
8
19 more reduced

3 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 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 holdersQ3 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 heldQ3 2025: $168.1M
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: $178.8MQ2 2023: $184.1MQ3 2023: $191.8MQ4 2023: $184.3MQ1 2024: $168.0MQ2 2024: $161.7MQ3 2024: $183.3MQ4 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$183.3M
Q2 202465$161.7M
Q1 202462$168.0M
Q4 202360$184.3M
Q3 202360$191.8M
Q2 202354$184.1M
Q1 202356$178.8M
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, Q3 2025

Shares, value and share of portfolio for each institution holding NexPoint Real Estate Finance, Inc.; share changes are against Q2 2025.

Institutions holding NREF in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Allworth Financial LP3$430.00%+1+50.0%Added
True Wealth Design, LLC5$710.00%+2+66.7%Added
IFP Advisors, Inc33$4680.00%+6+22.2%Added
The PNC Financial Services Group, Inc.43$6100.00%+43New
GAMMA Investing LLC68$9640.00%+12+21.4%Added
UMA Financial Services, Inc.68$9650.00%00.0%Unchanged
Essential Partners LLC103$1.46K0.00%+98+1,960.0%Added
EverSource Wealth Advisors, LLC110$1.56K0.00%−3−2.7%Reduced
SRS Capital Advisors, Inc.125$1.77K0.00%+125New
Optiver Holding B.V.152$2.15K0.00%+152New
Private Wealth Management Group, LLC186$2.64K0.00%+186New
Harbor Capital Advisors, Inc.223$3.00K0.00%+2+0.9%Added
Covestor Ltd224$3.00K0.00%+185+474.4%Added
Amalgamated Bank272$4.00K0.00%00.0%Unchanged
Harbour Investments, Inc.300$4.25K0.00%00.0%Unchanged
CWM, LLC432$6.00K0.00%+110+34.2%Added
Sterling Capital Management LLC528$7.49K0.00%+297+128.6%Added
Ameritas Investment Partners, Inc.588$8.34K0.00%00.0%Unchanged
California State Teachers Retirement System592$8.39K0.00%00.0%Unchanged
Legal & General Group Plc717$10.2K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)889$12.6K0.00%−1,604−64.3%Reduced
Advisory Services Network, LLC993$14.1K0.00%+993New
FMR LLC1,032$14.6K0.00%−33−3.1%Reduced
Citigroup Inc1,129$16.0K0.00%−1,748−60.8%Reduced
Simplex Trading, LLC1,714$24.0K0.00%−76−4.2%Reduced
STRS Ohio1,700$24.1K0.00%00.0%Unchanged
Police & Firemen's Retirement System of New Jersey1,846$26.2K0.00%00.0%Unchanged
Public Employees Retirement System of Ohio1,970$27.9K0.00%+1,970New
Nisa Investment Advisors, LLC2,792$39.6K0.00%00.0%Unchanged
BNP Paribas Arbitrage, SA2,796$39.6K0.00%+1,689+152.6%Added
Legacy Wealth Managment, LLC3,156$44.8K0.02%+1,382+77.9%Added
JPMorgan Chase & Co3,537$50.2K0.00%−3,595−50.4%Reduced
Mirae Asset Global ETFs Holdings Ltd.3,556$50.4K0.00%+3,556New
Royal Bank of Canada4,931$70.0K0.00%+295+6.4%Added
New York State Common Retirement Fund5,468$77.5K0.00%00.0%Unchanged
Wells Fargo & Company5,863$83.1K0.00%+956+19.5%Added
Acadian Asset Management LLC7,115$99.0K0.00%+2,767+63.6%Added
UBS Group AG7,737$109.7K0.00%+4,545+142.4%Added
PFG Investments, LLC10,765$152.6K0.01%−7,212−40.1%Reduced
HRT Financial LP11,733$166.0K0.00%+11,733New
Rhumbline Advisers11,892$168.6K0.00%−813−6.4%Reduced
Russell Investments Group, Ltd.13,568$192.4K0.00%+525+4.0%Added
Deutsche Bank AG13,583$192.6K0.00%+13,583New
Alliancebernstein L.P.13,840$196.3K0.00%+1,400+11.3%Added
HSBC Holdings PLC13,930$198.4K0.00%−311−2.2%Reduced
Advisor Group Holdings, Inc.13,763$206.4K0.00%−1,289−8.6%Reduced
Vident Advisory, LLC18,120$256.9K0.00%+18,120New
Navis Wealth Advisors, LLC18,973$269.0K0.20%+643+3.5%Added
Bank of New York Mellon Corp19,986$283.4K0.00%+1,730+9.5%Added
Two Sigma Investments, LP20,511$290.8K0.00%+776+3.9%Added
Concorde Asset Management, LLC21,370$301.5K0.13%+21,370New
Barclays PLC21,907$310.6K0.00%−1,592−6.8%Reduced
Bank of America Corp22,385$317.4K0.00%+487+2.2%Added
HighTower Advisors, LLC24,669$349.8K0.00%00.0%Unchanged
Charles Schwab Investment Management Inc26,357$373.7K0.00%+2,375+9.9%Added
LPL Financial LLC36,577$518.7K0.00%+8,485+30.2%Added
Morey & Quinn Wealth Partners, LLC38,289$542.9K0.40%−1,350−3.4%Reduced
Berkeley Capital Partners, LLC39,860$565.2K0.13%−69−0.2%Reduced
Summit Asset Management, LLC40,083$568.4K0.09%00.0%Unchanged
Northern Trust Corp56,729$804.4K0.00%−5,949−9.5%Reduced
Ritholtz Wealth Management67,406$955.8K0.02%+10,774+19.0%Added
Wedbush Securities Inc70,357$998.0K0.03%−6,560−8.5%Reduced
Penserra Capital Management LLC71,246$1.01M0.01%+2,403+3.5%Added
Independent Financial Group, LLC71,835$1.02M0.02%+18,227+34.0%Added
1776 Wealth LLC72,458$1.03M0.40%+3,304+4.8%Added
Goldman Sachs Group Inc96,208$1.36M0.00%+51,973+117.5%Added
O'Shaughnessy Asset Management, LLC111,021$1.57M0.01%+16,173+17.1%Added
Copley Financial Group, Inc.113,834$1.61M1.10%+75,918+200.2%Added
Millennium Management LLC139,964$1.98M0.00%−5,617−3.9%Reduced
Morgan Stanley165,435$2.35M0.00%+7,084+4.5%Added
State Street Corp171,226$2.43M0.00%+9,065+5.6%Added
Geode Capital Management, LLC185,954$2.64M0.00%−15,356−7.6%Reduced
Raymond James Financial Inc308,477$4.37M0.00%+3,190+1.0%Added
Vanguard Group Inc432,127$6.13M0.00%−2,709−0.6%Reduced
BlackRock, Inc.616,620$8.74M0.00%−6,851−1.1%Reduced
Highland Capital Management Fund Advisors, L.P.8,587,364$121.8M10.83%00.0%Unchanged
Marshall Wace, LLP0$00.00%−56,732−100.0%Sold out
Cambridge Investment Research Advisors, Inc.0$00.00%−37,938−100.0%Sold out
Corton Capital Inc.0$00.00%−17,104−100.0%Sold out
Kapitalo Investimentos Ltda0$00.00%−12,496−100.0%Sold out
Susquehanna International Group, LLP0$00.00%−11,273−100.0%Sold out
Ameritas Advisory Services, LLC0$00.00%−600−100.0%Sold out
Transce3nd, LLC0$00.00%−554−100.0%Sold out
Massmutual Trust Co FSB0$00.00%−49−100.0%Sold out
Atria Wealth Solutions, Inc.––––Not filed
Legacy Investment Solutions, LLC––––Not filed
Oliver Lagore Vanvalin Investment Group––––Not filed