Who owns NNN REIT (NNN)
Which tracked institutional funds hold NNN, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NNN company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
199 tracked funds added or opened NNN while 77 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
NNN’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes NNN more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in NNN divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 561 tracked filers holding NNN, 334 increased or opened the position and 230 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in NNN between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 30
- Schonfeld Strategic Advisors LLC$11M
- Verition Fund Management LLC$11M
- Jupiter Topco LLC$9M
- Alberta Investment Management Corp$6M
- MIZUHO MARKETS AMERICAS LLC$5M
- SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC$3M
Full exits 39
- DEPRINCE RACE & ZOLLO INC$24M
- CANADA LIFE ASSURANCE Co$18M
- SG Americas Securities, LLC$11M
- COHEN & STEERS, INC.$10M
- Treasurer of the State of North Carolina$10M
- State of Alaska, Department of Revenue$8M
Largest adds
- BlackRock, Inc.$398M
- AQR CAPITAL MANAGEMENT LLC$293M
- Daiwa Securities Group Inc.$87M
- VANGUARD PORTFOLIO MANAGEMENT LLC$83M
- MORGAN STANLEY$54M
- STATE STREET CORP$52M
Largest trims
- FMR LLC$272M
- VICTORY CAPITAL MANAGEMENT INC$68M
- Mondrian Investment Partners LTD$22M
- RUSH ISLAND MANAGEMENT, LP$15M
- D. E. Shaw & Co., Inc.$13M
- Artisan Partners Limited Partnership$11M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 26,708,613 | $1.2B | 15.6% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 16,778,215 | $781M | 9.8% | 2026-Q2 |
| FMR LLC trimmed | 11,436,861 | $532M | 6.7% | 2026-Q2 |
| STATE STREET CORP added | 11,346,545 | $528M | 6.6% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 9,773,107 | $455M | 5.7% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 8,557,962 | $398M | 5.0% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 6,051,488 | $282M | 3.5% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 4,403,909 | $205M | 2.6% | 2026-Q2 |
| MORGAN STANLEY added | 3,810,780 | $177M | 2.2% | 2026-Q2 |
| FEDERATED HERMES, INC. added | 3,127,776 | $146M | 1.8% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 3,115,354 | $145M | 1.8% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 2,818,943 | $131M | 1.6% | 2026-Q2 |
| Quantinno Capital Management LP added | 2,576,763 | $120M | 1.5% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 2,558,445 | $129M | 1.6% | 2026-Q2 |
| NORGES BANK added | 2,523,970 | $117M | 1.5% | 2026-Q2 |
| RUSH ISLAND MANAGEMENT, LP trimmed | 2,474,091 | $115M | 1.4% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 2,414,562 | $115M | 1.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 2,023,201 | $94M | 1.2% | 2026-Q2 |
| NORTHERN TRUST CORP added | 1,972,015 | $92M | 1.2% | 2026-Q2 |
| Daiwa Securities Group Inc. added | 1,930,802 | $90M | 1.1% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 1,928,645 | $90M | 1.1% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,885,611 | $88M | 1.1% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 1,836,020 | $85M | 1.1% | 2026-Q2 |
| EQUITY INVESTMENT CORP added | 1,667,015 | $78M | 1.0% | 2026-Q2 |
| Jefferies Financial Group Inc. added | 1,431,000 | $67M | 0.8% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC added | 1,365,007 | $64M | 0.8% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 1,201,246 | $56M | 0.7% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 1,180,472 | $55M | 0.7% | 2026-Q2 |
| UBS Group AG added | 1,176,831 | $55M | 0.7% | 2026-Q2 |
| Mondrian Investment Partners LTD trimmed | 1,123,643 | $52M | 0.7% | 2026-Q2 |
| Hudson Bay Capital Management LP trimmed | 1,102,191 | $51M | 0.6% | 2026-Q2 |
| Legal & General Group Plc trimmed | 968,777 | $45M | 0.6% | 2026-Q2 |
| Epoch Investment Partners, Inc. trimmed | 967,943 | $45M | 0.6% | 2026-Q2 |
| Allianz Asset Management GmbH trimmed | 843,240 | $37M | 0.5% | 2026-Q2 |
| Clearbridge Investments, LLC trimmed | 812,545 | $38M | 0.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 761,008 | $35M | 0.4% | 2026-Q2 |
| Invesco Ltd. added | 725,323 | $34M | 0.4% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 689,173 | $32M | 0.4% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 680,700 | $32M | 0.4% | 2026-Q2 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 657,602 | $31M | 0.4% | 2026-Q2 |
| IEQ CAPITAL, LLC added | 632,349 | $29M | 0.4% | 2026-Q2 |
| Arbejdsmarkedets Tillaegspension added | 628,200 | $29M | 0.4% | 2026-Q2 |
| Creative Planning added | 618,874 | $29M | 0.4% | 2026-Q2 |
| ProShare Advisors LLC trimmed | 600,442 | $28M | 0.4% | 2026-Q2 |
| Artisan Partners Limited Partnership trimmed | 589,204 | $27M | 0.3% | 2026-Q2 |
| Fisher Asset Management, LLC added | 574,722 | $27M | 0.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 570,615 | $27M | 0.3% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 530,876 | $25M | 0.3% | 2026-Q2 |
| AGF MANAGEMENT LTD trimmed | 529,142 | $25M | 0.3% | 2026-Q2 |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC trimmed | 512,634 | $24M | 0.3% | 2026-Q2 |
| ALGERT GLOBAL LLC added | 506,434 | $24M | 0.3% | 2026-Q2 |
| APG Asset Management US Inc. | 500,350 | $23M | 0.3% | 2026-Q2 |
| Sound Income Strategies, LLC added | 492,874 | $23M | 0.3% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 474,527 | $22M | 0.3% | 2026-Q2 |
| Verity & Verity, LLC added | 473,845 | $22M | 0.3% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 471,049 | $22M | 0.3% | 2026-Q2 |
| Gotham Asset Management, LLC trimmed | 469,244 | $22M | 0.3% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 441,800 | $21M | 0.3% | 2026-Q2 |
| Corient Private Wealth LP added | 437,283 | $20M | 0.3% | 2026-Q2 |
| SNYDER CAPITAL MANAGEMENT L P trimmed | 431,298 | $20M | 0.3% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 428,998 | $20M | 0.3% | 2026-Q2 |
| Aberdeen Group plc trimmed | 404,093 | $19M | 0.2% | 2026-Q2 |
| Mariner, LLC added | 394,351 | $18M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 381,800 | $18M | 0.2% | 2026-Q2 |
| TECTONIC ADVISORS LLC added | 379,607 | $18M | 0.2% | 2026-Q2 |
| Jain Global LLC added | 364,357 | $17M | 0.2% | 2026-Q2 |
| Gerald Baker Financial Group LLC added | 346,549 | $16M | 0.2% | 2026-Q2 |
| Cerity Partners LLC added | 342,474 | $16M | 0.2% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 339,984 | $16M | 0.2% | 2026-Q2 |
| California Public Employees Retirement System trimmed | 339,115 | $16M | 0.2% | 2026-Q2 |
| Asset Management One Co., Ltd. added | 325,008 | $15M | 0.2% | 2026-Q2 |
| Nuveen, LLC trimmed | 317,311 | $15M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 315,395 | $15M | 0.2% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. added | 311,469 | $14M | 0.2% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT CO LTD added | 308,210 | $14M | 0.2% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 287,362 | $13M | 0.2% | 2026-Q2 |
| CITIGROUP INC trimmed | 286,986 | $13M | 0.2% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO trimmed | 276,878 | $13M | 0.2% | 2026-Q2 |
| Caisse de depot et placement du Quebec added | 275,226 | $13M | 0.2% | 2026-Q2 |
| Susquehanna Portfolio Strategies, LLC added | 275,079 | $13M | 0.2% | 2026-Q2 |
| M&G PLC added | 271,663 | $13M | 0.2% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 271,115 | $11M | 0.1% | 2026-Q2 |
| DANSKE BANK A/S trimmed | 266,194 | $12M | 0.2% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 258,884 | $12M | 0.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 258,813 | $12M | 0.2% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC trimmed | 246,480 | $11M | 0.1% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 241,834 | $11M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 240,042 | $11M | 0.1% | 2026-Q2 |
| Verition Fund Management LLC added | 226,953 | $11M | 0.1% | 2026-Q2 |
| LPL Financial LLC trimmed | 226,857 | $11M | 0.1% | 2026-Q2 |
| Edgestream Partners, L.P. added | 222,384 | $10M | 0.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 221,721 | $10M | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 221,559 | $9M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 221,121 | $10M | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 206,991 | $10M | 0.1% | 2026-Q2 |
| Jupiter Topco LLC new | 200,016 | $9M | 0.1% | 2026-Q2 |
| Retirement Systems of Alabama trimmed | 196,771 | $9M | 0.1% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 195,463 | $9M | 0.1% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 191,308 | $9M | 0.1% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 189,665 | $9M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.