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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 2026

Institutional positions in NexPoint Real Estate Finance, Inc. as of Mar 31, 2026. 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
86
+8 vs. Q4 2025
Shares held
12.9M
+377.2K (+3.0%) vs. Q4 2025
Total value
$173.4M
−$2.54M (−1.4%) vs. Q4 2025
New holders
15
29 more added
Sold out
7
29 more reduced

1 institution that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2026: 86 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 2026: $173.4M
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 2026

Shares, value and share of portfolio for each institution holding NexPoint Real Estate Finance, Inc.; share changes are against Q4 2025.

Institutions holding NREF in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Highland Capital Management Fund Advisors, L.P.9,439,635$127.2M8.87%00.0%Unchanged
BlackRock, Inc.594,002$8.00M0.00%−31,388−5.0%Reduced
Vanguard Capital Management LLC309,476$4.17M0.00%+309,476New
Raymond James Financial Inc298,952$4.03M0.00%−15,097−4.8%Reduced
Independent Financial Group, LLC276,601$3.73M0.08%+38,468+16.2%Added
Morgan Stanley191,748$2.58M0.00%−2,523−1.3%Reduced
Geode Capital Management, LLC179,249$2.42M0.00%+5,094+2.9%Added
State Street Corp175,562$2.36M0.00%+4,811+2.8%Added
O'Shaughnessy Asset Management, LLC155,715$2.10M0.01%−1,985−1.3%Reduced
Ritholtz Wealth Management112,588$1.52M0.03%+15,891+16.4%Added
Copley Financial Group, Inc.110,507$1.49M0.90%−12,800−10.4%Reduced
Millennium Management LLC102,222$1.38M0.00%+15,071+17.3%Added
Penserra Capital Management LLC83,374$1.12M0.01%+2,358+2.9%Added
1776 Wealth LLC72,399$975.2K0.38%00.0%Unchanged
Goldman Sachs Group Inc71,556$963.9K0.00%−17,913−20.0%Reduced
Wedbush Securities Inc62,482$842.0K0.02%−5,495−8.1%Reduced
Northern Trust Corp49,795$670.7K0.00%−2,682−5.1%Reduced
LPL Financial LLC45,514$613.1K0.00%+976+2.2%Added
Vanguard Fiduciary Trust Co40,524$545.9K0.00%+40,524New
Vanguard Portfolio Management LLC38,741$521.8K0.00%+38,741New
Morey & Quinn Wealth Partners, LLC37,884$510.3K0.36%00.0%Unchanged
Jacobs Levy Equity Management, Inc36,992$498.3K0.00%+36,992New
Cetera Investment Advisers36,556$492.4K0.00%+16,602+83.2%Added
HighTower Advisors, LLC27,710$373.3K0.00%+3,038+12.3%Added
Bank of America Corp26,866$361.9K0.00%−1,968−6.8%Reduced
Concorde Asset Management, LLC23,450$315.9K0.15%+100+0.4%Added
Russell Investments Group, Ltd.23,181$312.3K0.00%+859+3.8%Added
Charles Schwab Investment Management Inc20,171$271.7K0.00%−3,746−15.7%Reduced
Navis Wealth Advisors, LLC20,166$271.6K0.14%+521+2.7%Added
UBS Group AG15,285$205.9K0.00%+14,326+1,493.8%Added
Bank of New York Mellon Corp15,072$203.0K0.00%−2,070−12.1%Reduced
Alliancebernstein L.P.13,840$194.9K0.00%00.0%Unchanged
Callan Family Office, LLC12,218$164.6K0.00%+12,218New
Two Sigma Investments, LP11,991$161.5K0.00%−22,814−65.5%Reduced
Barclays PLC11,861$159.8K0.00%−10,997−48.1%Reduced
Invesco Ltd.11,414$153.7K0.00%−440−3.7%Reduced
PFG Investments, LLC11,299$152.2K0.01%+11,299New
Advisor Group Holdings, Inc.10,480$141.2K0.00%−1,324−11.2%Reduced
Rhumbline Advisers10,469$141.0K0.00%+58+0.6%Added
Ameriprise Financial Inc10,141$136.6K0.00%+10,141New
SG Americas Securities, LLC7,948$107.0K0.00%+7,948New
Daytona Street Capital LLC7,000$93.3K0.07%00.0%Unchanged
Strategic Wealth Partners, Ltd.6,185$83.3K0.01%+5,185+518.5%Added
Public Employees Retirement System of Ohio5,820$78.4K0.00%+3,850+195.4%Added
New York State Common Retirement Fund5,468$73.7K0.00%00.0%Unchanged
Deutsche Bank AG4,575$61.6K0.00%−5,424−54.2%Reduced
Citigroup Inc4,148$55.9K0.00%+3,592+646.0%Added
Mirae Asset Global ETFs Holdings Ltd.3,582$48.3K0.00%+62+1.8%Added
Acadian Asset Management LLC3,637$48.0K0.00%−15,990−81.5%Reduced
Vanguard Global Advisers, LLC3,291$44.3K0.00%+3,291New
Wells Fargo & Company3,240$43.6K0.00%−5,341−62.2%Reduced
JPMorgan Chase & Co2,922$39.1K0.00%−331−10.2%Reduced
Legacy Wealth Managment, LLC2,381$32.1K0.02%−774−24.5%Reduced
UBS Asset Management Americas Inc1,885$25.4K0.00%+1,471+355.3%Added
Police & Firemen's Retirement System of New Jersey1,846$24.9K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)1,783$24.0K0.00%+558+45.6%Added
BNP Paribas Arbitrage, SA1,738$23.4K0.00%−938−35.1%Reduced
STRS Ohio1,700$22.9K0.00%00.0%Unchanged
Nisa Investment Advisors, LLC1,480$19.9K0.00%−82−5.2%Reduced
Royal Bank of Canada1,373$18.0K0.00%−162−10.6%Reduced
Legal & General Group Plc717$9.66K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.588$7.92K0.00%00.0%Unchanged
FMR LLC442$5.95K0.00%+49+12.5%Added
Advisory Services Network, LLC358$4.82K0.00%+358New
CWM, LLC355$4.78K0.00%+19+5.7%Added
California State Teachers Retirement System337$4.54K0.00%−134−28.5%Reduced
Harbour Investments, Inc.300$4.04K0.00%00.0%Unchanged
Jones Financial Companies LLLP300$3.86K0.00%−300−50.0%Reduced
GAMMA Investing LLC226$3.04K0.00%+17+8.1%Added
Harbor Capital Advisors, Inc.228$3.00K0.00%+9+4.1%Added
Sterling Capital Management LLC222$2.99K0.00%−219−49.7%Reduced
EverSource Wealth Advisors, LLC119$1.60K0.00%+9+8.2%Added
Optiver Holding B.V.88$1.19K0.00%−64−42.1%Reduced
Covestor Ltd104$1.00K0.00%−92−46.9%Reduced
Massmutual Trust Co FSB64$8620.00%00.0%Unchanged
Signaturefd, LLC50$6740.00%+50New
Parallel Advisors, LLC42$5660.00%+42New
The PNC Financial Services Group, Inc.40$5390.00%00.0%Unchanged
Essential Partners LLC16$2160.00%+8+100.0%Added
MAI Capital Management9$1220.00%+3+50.0%Added
IFP Advisors, Inc8$1080.00%−22−73.3%Reduced
Rothschild Investment LLC3$400.00%+2+200.0%Added
Allworth Financial LP2$270.00%+1+100.0%Added
Simplex Trading, LLC2$260.00%+2New
True Wealth Design, LLC1$140.00%+1New
Sunbelt Securities, Inc.1$130.00%+1New
Berkeley Capital Partners, LLC0$00.00%−40,909−100.0%Sold out
Jane Street Group, LLC0$00.00%−22,422−100.0%Sold out
Amalgamated Bank0$00.00%−240−100.0%Sold out
Gilpin Wealth Management, LLC0$00.00%−164−100.0%Sold out
Transamerica Financial Advisors, Inc.0$00.00%−15−100.0%Sold out
Kilter Group LLC0$00.00%−9−100.0%Sold out
SRS Capital Advisors, Inc.0$00.00%−1−100.0%Sold out
Vanguard Group Inc––––Not filed