NNN REITNNN
13F holders, Q3 2025 (September 30)506holders +24
69new positions
43sold out
6famous investors
$42.48avg. 13F price*
At the end of Q3 2025, 506 institutions reported holding NNN REIT Inc. (NNN) in their 13F filings, up 24 from Q2 2025. 69 opened new positions and 43 sold out. The largest holders were Vanguard Group Inc. ($1.1B), BlackRock, Inc. ($1.1B) and FMR LLC ($886.4M). 6 famous investors held it, including Cliff Asness (0.1% of AQR Capital Management's portfolio), Joel Greenblatt (0.1% of Gotham Asset Management's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).
- Company
- NNN REIT Inc.
- CUSIP
- 637417106
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 69 | $71.4M |
| Exits | 43 | $212.8M |
All 13F filers, Q2 2025 → Q3 2025: 12,665,261 shares bought and 10,022,748 shares sold, net +2,642,513 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 506 holders
| Vanguard Group Inc. | 0.02% | Add +0.8% | 26,321,622 | $1.1B |
| BlackRock, Inc. | 0.02% | Reduce -0.6% | 24,894,459 | $1.1B |
| FMR LLC | 0.05% | Add +7.7% | 20,821,185 | $886.4M |
| State Street Corp. | 0.02% | Reduce -1.1% | 12,025,924 | $511.9M |
| Victory Capital Management Inc. | 0.25% | Add +4.3% | 9,876,747 | $420.5M |
| Geode Capital Management, LLC | 0.01% | Add +1.1% | 3,820,697 | $162.7M |
| AQR Capital Management | 0.09% | Add +82.8% | 3,281,014 | $138.8M |
| Massachusetts Financial Services Co. | 0.04% | Reduce -8.4% | 3,173,697 | $135.1M |
| Rush Island Management, LP | 8.96% | Reduce -7.0% | 3,069,753 | $130.7M |
| Federated Hermes, Inc. | 0.22% | Add +8.4% | 2,965,248 | $126.2M |
| JPMorgan Chase & Co. | 0.01% | Add +25.8% | 2,813,794 | $119.8M |
| Charles Schwab Investment Management Inc. | 0.02% | Add +1.1% | 2,732,213 | $116.3M |
| Dimensional Fund Advisors LP | 0.02% | Reduce -0.2% | 2,711,332 | $115.4M |
| Morgan Stanley | 0.01% | Add +11.3% | 2,391,355 | $101.8M |
| Bank of New York Mellon Corp | 0.02% | Reduce -3.5% | 2,034,578 | $86.6M |
| Northern Trust Corp. | 0.01% | Reduce -2.4% | 1,947,128 | $82.9M |
| Mondrian Investment Partners LTD | 1.32% | — | 1,851,387 | $78.8M |
| Equity Investment Corp. | 1.39% | Add +2.6% | 1,555,491 | $66.2M |
| Centersquare Investment Management LLC | 0.61% | Reduce -24.9% | 1,420,526 | $60.5M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.01% | Add +494.7% | 1,247,323 | $53.1M |
| Quantinno Capital Management LP | 0.14% | Add +84.9% | 1,230,177 | $52.4M |
| Artisan Partners Limited Partnership | 0.07% | Reduce -6.6% | 1,166,470 | $49.7M |
| Legal & General Group Plc | 0.01% | Reduce -10.7% | 1,064,805 | $45.3M |
| UBS Group AG | 0.01% | Add +17.7% | 885,383 | $37.7M |
| Bank of America Corp. | 0.00% | Add +9.7% | 853,601 | $36.3M |
| Deprince Race & Zollo Inc. | 0.71% | Reduce -0.7% | 833,195 | $35.5M |
| ProShare Advisors LLC | 0.07% | Add +1.9% | 820,197 | $34.9M |
| Goldman Sachs Group Inc. | 0.01% | Add +25.7% | 818,556 | $34.8M |
| Snyder Capital Management L P | 0.61% | Reduce -1.8% | 754,089 | $32.1M |
| Qube Research & Technologies Ltd | 0.04% | Add +56.4% | 710,256 | $30.2M |
| Clearbridge Investments, LLC | 0.02% | Add +5.5% | 704,018 | $30.0M |
| Invesco Ltd. | 0.00% | Add +0.5% | 701,181 | $29.8M |
| Allianz Asset Management GmbH | 0.04% | Add +24.5% | 697,292 | $29.7M |
| HSBC Holdings PLC | 0.02% | Add +48.2% | 689,567 | $29.3M |
| Nuveen, LLC | 0.01% | Add +16.3% | 620,626 | $26.4M |
| California Public Employees Retirement System | 0.02% | Reduce -16.5% | 607,163 | $25.8M |
| Raymond James Financial Inc. | 0.01% | Add +4.3% | 604,302 | $25.7M |
| Hudson Bay Capital Management LP | 0.18% | New | 600,985 | $25.6M |
| T. Rowe Price Associates Inc. | 0.00% | Add +1.8% | 557,902 | $23.8M |
| Agf Management Ltd. | 0.10% | Add +1.5% | 552,147 | $23.5M |
| Rhumbline Advisers | 0.02% | Reduce -2.8% | 534,988 | $22.8M |
| Ameriprise Financial Inc. | 0.01% | Reduce -2.5% | 519,136 | $22.1M |
| Aberdeen Group plc | 0.03% | Add +475.2% | 505,910 | $21.3M |
| Freestone Grove Partners LP | 0.16% | Add +21.7% | 494,444 | $21.0M |
| Principal Financial Group Inc. | 0.01% | Reduce -1.6% | 463,459 | $19.7M |
| Verity & Verity, LLC | 1.53% | Add +0.9% | 448,908 | $19.1M |
| Sound Income Strategies, LLC | 1.00% | Add +4.4% | 434,193 | $18.2M |
| Ieq Capital, LLC | 0.05% | Add +199.5% | 417,094 | $17.8M |
| Stifel Financial Corp. | 0.02% | Add +171.1% | 410,872 | $17.5M |
| CANADA LIFE ASSURANCE Co | 0.02% | Add +4.7% | 398,203 | $16.8M |
| Royal Bank of Canada | 0.00% | Reduce -9.4% | 388,790 | $16.6M |
| Treasurer of the State of North Carolina | 0.05% | Reduce -0.9% | 374,871 | $16.0M |
| Millennium Management | 0.01% | Reduce -65.1% | 370,659 | $15.8M |
| Swiss National Bank | 0.01% | Add +1.4% | 364,400 | $15.5M |
| Asset Management One Co., Ltd. | 0.04% | Reduce -0.4% | 356,493 | $15.2M |
| Public Employees Retirement System of Ohio | 0.04% | Reduce -0.1% | 331,411 | $14.1M |
| Tectonic Advisors LLC | 0.71% | Add +12.4% | 307,042 | $13.1M |
| Franklin Resources Inc. | 0.00% | Add +26.8% | 306,586 | $13.1M |
| Alliancebernstein L.P. | 0.00% | Add +4.5% | 299,919 | $12.8M |
| Gotham Asset Management | 0.06% | Add +167.8% | 299,015 | $12.7M |
| Voya Investment Management LLC | 0.01% | Reduce -30.0% | 282,198 | $12.0M |
| Nomura Asset Management Co. Ltd. | 0.03% | Add +3.4% | 274,850 | $11.7M |
| Algert Global LLC | 0.19% | Add +158.5% | 260,365 | $11.1M |
| M&G PLC | 0.06% | Add +7.8% | 235,690 | $10.1M |
| Barclays PLC | 0.00% | Add +56.6% | 228,579 | $9.7M |
| Retirement Systems of Alabama | 0.03% | Reduce -0.6% | 228,248 | $9.7M |
| Envestnet Asset Management Inc. | 0.00% | Add +3.5% | 227,868 | $9.7M |
| Jain Global LLC | 0.13% | New | 224,616 | $9.6M |
| LPL Financial LLC | 0.00% | Reduce -3.9% | 218,496 | $9.3M |
| Janus Henderson Group PLC | 0.00% | Reduce -0.8% | 216,558 | $9.2M |
| Citigroup Inc. | 0.01% | Reduce -14.1% | 210,669 | $9.0M |
| Sumitomo Mitsui Trust Group, Inc. | 0.01% | Add +0.8% | 208,112 | $8.9M |
| Wells Fargo & Company | 0.00% | Reduce -0.4% | 206,804 | $8.8M |
| New York State Teachers Retirement System | 0.02% | Reduce -8.7% | 195,674 | $8.3M |
| Russell Investments Group, Ltd. | 0.01% | Add +12.0% | 194,213 | $8.3M |
| State of Alaska, Department of Revenue | 0.08% | Reduce -0.4% | 193,993 | $8.3M |
| Voloridge Investment Management, LLC | 0.03% | Reduce -31.9% | 192,381 | $8.2M |
| New Age Alpha Advisors, LLC | 0.34% | Reduce -2.3% | 187,988 | $8.0M |
| Susquehanna Portfolio Strategies, LLC | 0.12% | Add +64.7% | 182,688 | $7.8M |
| New York State Common Retirement Fund | 0.01% | Reduce -4.1% | 176,974 | $7.5M |
| California State Teachers Retirement System | 0.01% | Add +0.0% | 176,051 | $7.5M |
| Two Sigma Investments, LP | 0.01% | Reduce -71.7% | 172,197 | $7.3M |
| Edgestream Partners, L.P. | 0.21% | Reduce -36.3% | 171,993 | $7.3M |
| State Board of Administration of Florida Retirement System | 0.01% | Reduce -1.1% | 171,118 | $7.3M |
| Chilton Capital Management LLC | 0.23% | Reduce -1.4% | 161,680 | $6.9M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.01% | Add +6.9% | 158,145 | $6.7M |
| Bernzott Capital Advisors | 3.13% | Reduce -0.3% | 155,955 | $6.6M |
| Renaissance Technologies | 0.01% | New | 150,600 | $6.4M |
| Capital World Investors | 0.00% | Add +110.1% | 146,025 | $6.2M |
| Manufacturers Life Insurance Company, The | 0.01% | Reduce -4.7% | 146,000 | $6.2M |
| Creative Planning | 0.00% | Add +160.6% | 144,780 | $6.2M |
| Sophron Capital Management L.P. | 1.88% | Add +20.1% | 143,336 | $6.1M |
| Commonwealth Equity Services, LLC | 0.01% | Reduce -22.6% | 142,497 | $6.1M |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | Add +5.6% | 142,038 | $6.0M |
| Jefferies Financial Group Inc. | 0.06% | New | 138,900 | $5.9M |
| STRS Ohio | 0.02% | Reduce -41.5% | 136,171 | $5.8M |
| Captrust Financial Advisors | 0.01% | Add +17.3% | 135,241 | $5.8M |
| First Trust Advisors LP | 0.00% | Reduce -9.3% | 131,954 | $5.6M |
| Exchange Traded Concepts, LLC | 0.05% | Add +24.9% | 129,723 | $5.5M |
| Cwm, LLC | 0.02% | Add +279.6% | 126,661 | $5.4M |
| Cerity Partners LLC | 0.01% | Add +191.9% | 125,278 | $5.3M |
| Cambiar Investors LLC | 0.24% | Reduce -39.0% | 121,742 | $5.2M |
| Arax Advisory Partners | 0.07% | Add +8338.4% | 119,741 | $5.1M |
| Natixis Advisors, LLC | 0.01% | Reduce -64.5% | 117,926 | $5.0M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.02% | Add +0.8% | 109,791 | $4.7M |
| Deutsche Bank AG | 0.00% | Add +3.4% | 107,267 | $4.6M |
| MetLife Investment Management, LLC | 0.02% | Reduce -4.0% | 102,283 | $4.4M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.01% | Reduce -1.8% | 102,178 | $4.3M |
| Macquarie Group Ltd. | 0.01% | Add +5.2% | 100,835 | $4.3M |
| Fisher Asset Management | 0.00% | Reduce -17.5% | 99,205 | $4.2M |
| Amundi | 0.00% | Add +8.7% | 99,430 | $4.2M |
| Osaic Holdings, Inc. | 0.01% | Add +13.9% | 97,051 | $4.1M |
| Nisa Investment Advisors, LLC | 0.01% | Reduce -25.0% | 90,668 | $3.9M |
| Mariner, LLC | 0.00% | Add +85.6% | 89,875 | $3.8M |
| Mutual of America Capital Management LLC | 0.04% | Reduce -6.7% | 87,185 | $3.7M |
| Amalgamated Bank | 0.03% | Add +0.4% | 86,483 | $3.7M |
| Police & Firemen's Retirement System of New Jersey | 0.03% | Add +17.2% | 83,575 | $3.6M |
| Van Eck Associates Corp. | 0.00% | Add +9.4% | 82,907 | $3.5M |
| Resona Asset Management Co.,Ltd. | 0.02% | Add +10.3% | 83,332 | $3.5M |
| Wealth Enhancement Advisory Services, LLC | 0.01% | Add +87.5% | 82,255 | $3.5M |
| Thrivent Financial for Lutherans | 0.01% | Reduce -9.2% | 80,002 | $3.4M |
| Ameritas Investment Partners, Inc. | 0.10% | Reduce -3.8% | 78,613 | $3.3M |
| Meritage Portfolio Management | 0.22% | Reduce -1.4% | 77,952 | $3.3M |
| Horizon Investments, LLC | 0.04% | Add +65.0% | 77,022 | $3.2M |
| Janney Montgomery Scott LLC | 0.01% | Reduce -3.1% | 75,638 | $3.2M |
| Susquehanna Fundamental Investments, LLC | 0.12% | No change | 72,459 | $3.1M |
| SG Americas Securities, LLC | 0.01% | Add +616.1% | 72,410 | $3.1M |
| State of Tennessee, Department of Treasury | 0.01% | No change | 71,682 | $3.1M |
| American Century Companies Inc. | 0.00% | Add +8.3% | 71,297 | $3.0M |
| Daiwa Securities Group Inc. | 0.01% | Add +3.0% | 71,272 | $3.0M |
| Vestcor Inc | 0.09% | Add +497.6% | 70,917 | $3.0M |
| Mercer Global Advisors Inc. | 0.01% | Add +275.6% | 70,805 | $3.0M |
| Handelsbanken Fonder AB | 0.01% | Add +25.9% | 67,100 | $2.9M |
| Investor's Fiduciary Advisor Network, LLC | 0.96% | Add +0.1% | 66,420 | $2.8M |
| Yousif Capital Management, LLC | 0.03% | Reduce -5.4% | 65,707 | $2.8M |
| BNP Paribas Financial Markets | 0.00% | Reduce -13.9% | 65,215 | $2.8M |
| Johnson Investment Counsel Inc. | 0.02% | Add +0.9% | 64,449 | $2.7M |
| &partners | 0.02% | Add +6.3% | 64,374 | $2.7M |
| Sei Investments Co. | 0.00% | Reduce -18.0% | 61,794 | $2.6M |
| Systematic Financial Management LP | 0.06% | Add +0.2% | 60,775 | $2.6M |
| Summit Trail Advisors, LLC | 0.03% | Add +58.0% | 57,060 | $2.4M |
| Values First Advisors, Inc. | 1.29% | Add +0.8% | 56,590 | $2.4M |
| Graham Capital Management, L.P. | 0.13% | Add +61.2% | 55,818 | $2.4M |
| Arizona State Retirement System | 0.01% | Add +1.4% | 55,617 | $2.4M |
| Caxton Associates LLP | 0.06% | New | 54,067 | $2.3M |
| Teachers Retirement System of the State of Kentucky | 0.02% | No change | 54,005 | $2.3M |
| Y-Intercept (Hong Kong) Ltd | 0.05% | Add +82.8% | 53,730 | $2.3M |
| UniSuper Management Pty Ltd | 0.01% | No change | 53,400 | $2.3M |
| Albion Financial Group | 0.14% | Add +4.4% | 53,080 | $2.3M |
| Louisiana State Employees Retirement System | 0.04% | Reduce -0.6% | 52,600 | $2.2M |
| Southland Equity Partners LLC | 0.44% | Reduce -1.7% | 51,573 | $2.2M |
| DekaBank Deutsche Girozentrale | 0.00% | No change | 51,182 | $2.2M |
| State of New Jersey Common Pension Fund D | 0.01% | Add +9.4% | 50,488 | $2.1M |
| Teacher Retirement System of Texas | 0.01% | Reduce -3.0% | 50,238 | $2.1M |
| CIBC Bancorp USA Inc. | 0.01% | — | 49,615 | $2.1M |
| Vanguard Personalized Indexing Management, LLC | 0.02% | Reduce -1.1% | 48,217 | $2.1M |
| Red Spruce Capital, LLC | 0.83% | Reduce -0.4% | 48,049 | $2.0M |
| KLP Kapitalforvaltning As | 0.01% | No change | 47,800 | $2.0M |
| Truist Financial Corp. | 0.00% | Add +2.3% | 47,794 | $2.0M |
| State of Michigan Retirement System | 0.01% | Reduce -0.4% | 44,984 | $1.9M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | Add +4.1% | 44,331 | $1.9M |
| Weaver C. Barksdale & Associates, Inc. | 1.79% | New | 43,668 | $1.9M |
| Pensionfund PDN | 1.19% | No change | 43,200 | $1.8M |
| Adams Asset Advisors, LLC | 0.24% | Add +5.8% | 43,112 | $1.8M |
| Cetera Investment Advisers | 0.00% | Add +21.2% | 42,463 | $1.8M |
| Metis Global Partners, LLC | 0.04% | Add +36.1% | 42,369 | $1.8M |
| Northwestern Mutual Investment Management Company, LLC | 0.03% | Add +0.3% | 42,078 | $1.8M |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 0.01% | No change | 41,496 | $1.8M |
| Picton Mahoney Asset Management | 0.02% | New | 40,546 | $1.7M |
| Bridgewater Associates | 0.01% | Add +422.6% | 39,719 | $1.7M |
| Bank of Montreal | 0.00% | Reduce -10.1% | 39,196 | $1.7M |
| Oregon Public Employees Retirement Fund | 0.02% | Reduce -1.3% | 38,001 | $1.6M |
| Corient Private Wealth LP | 0.00% | Add +11.8% | 37,936 | $1.6M |
| Capital Management Associates, Inc | 0.43% | Reduce -2.6% | 37,737 | $1.6M |
| TT Capital Management LLC | 1.22% | Reduce -20.6% | 37,488 | $1.6M |
| State of Wisconsin Investment Board | 0.00% | Add +0.7% | 37,134 | $1.6M |
| New Mexico Educational Retirement Board | 0.05% | No change | 37,100 | $1.6M |
| Pacer Advisors, Inc. | 0.00% | New | 35,232 | $1.5M |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Add +14.9% | 34,156 | $1.5M |
| Brevan Howard Capital Management LP | 0.02% | Reduce -50.9% | 34,063 | $1.5M |
| Pathstone Holdings, LLC | 0.01% | Add +2.4% | 33,916 | $1.4M |
| Riverwater Partners LLC | 0.60% | Add +4.0% | 33,878 | $1.4M |
| MFG Wealth Management, Inc. | 1.06% | New | 32,931 | $1.4M |
| Penserra Capital Management LLC | 0.02% | Add +3.4% | 32,252 | $1.4M |
| Assetmark, Inc. | 0.00% | Add +4.2% | 32,068 | $1.4M |
| Utah Retirement Systems | 0.01% | No change | 30,925 | $1.3M |
| Murphy, Middleton, Hinkle & Parker, Inc. | 0.63% | Reduce -2.6% | 30,466 | $1.3M |
| Schnieders Capital Management, Llc. | 0.21% | — | 30,441 | $1.3M |
| IFM Investors Pty Ltd | 0.01% | Add +0.5% | 30,451 | $1.3M |
| Inscription Capital, LLC | 0.14% | Add +216.1% | 30,191 | $1.3M |
| Focus Partners Wealth | 0.00% | Add +318.0% | 29,410 | $1.3M |
| Danske Bank A/S | 0.00% | Reduce -27.4% | 28,473 | $1.2M |
| Elo Mutual Pension Insurance Co | 0.02% | Add +12.3% | 28,432 | $1.2M |
| Ensign Peak Advisors, Inc | 0.00% | Reduce -42.0% | 28,269 | $1.2M |
| Nissay Asset Management Corp. /Japan | 0.01% | No change | 27,678 | $1.2M |
| Sequoia Financial Advisors, LLC | 0.01% | Add +446.2% | 27,454 | $1.2M |
| Inspire Advisors, LLC | 0.11% | New | 27,446 | $1.2M |
| Steward Partners Investment Advisory, LLC | 0.01% | Add +27.0% | 26,694 | $1.1M |
| Pictet Asset Management Holding SA | 0.00% | Reduce -7.9% | 26,321 | $1.1M |
| Lazard Asset Management LLC | 0.00% | Reduce -53.7% | 25,502 | $1.1M |
| Engineers Gate Manager LP | 0.01% | Add +5.4% | 25,251 | $1.1M |
| Jeppson Wealth Management, LLC | 0.34% | Add +0.1% | 25,002 | $1.1M |
| Jane Street Group, LLC | 0.00% | Reduce -64.3% | 24,737 | $1.1M |
| Federation des caisses Desjardins du Quebec | 0.00% | Add +125.0% | 24,463 | $1.0M |
| Two Sigma Advisers, LP | 0.00% | Reduce -96.0% | 24,400 | $1.0M |
| Certified Advisory Corp | 0.10% | Reduce -1.0% | 23,646 | $1.0M |
| Evergreen Capital Management LLC | 0.02% | Add +26.2% | 23,009 | $979K |
| Pensionfund Sabic | 0.26% | Reduce -8.1% | 22,800 | $971K |
| Polymer Capital Management (US) LLC | 0.13% | New | 22,754 | $969K |
| J.W. Cole Advisors, Inc. | 0.02% | Reduce -11.3% | 22,694 | $966K |
| HighTower Advisors, LLC | 0.00% | Add +2.6% | 22,299 | $949K |
| Collar Capital Management, LLC | 0.67% | Add +14.9% | 22,287 | $949K |
| Morey & Quinn Wealth Partners, LLC | 0.70% | No change | 22,220 | $946K |
| Chicago Partners Investment Group LLC | 0.02% | Add +90.9% | 22,276 | $926K |
| Bridgefront Capital, LLC | 0.27% | Add +117.4% | 21,248 | $905K |
| Xponance LLC | 0.01% | Reduce -0.9% | 20,912 | $890K |
| Knights of Columbus Asset Advisors LLC | 0.05% | New | 20,652 | $879K |
| Kestra Advisory Services, LLC | 0.00% | Reduce -8.8% | 20,488 | $872K |
| Harbour Trust & Investment Management Co | 0.09% | Reduce -3.2% | 20,475 | $872K |
| Prudential Financial Inc. | 0.00% | Reduce -16.3% | 20,191 | $860K |
| Sanctuary Advisors, LLC | 0.00% | Add +33.8% | 20,185 | $859K |
| Merit Financial Group, LLC | 0.01% | Add +98.3% | 19,801 | $843K |
| Versor Investments LP | 0.15% | Reduce -53.4% | 19,599 | $834K |
| Pathway Financial Advisers, LLC | 0.24% | Add +28.6% | 19,535 | $830K |
| Landscape Capital Management, L.L.C. | 0.05% | Add +8.9% | 19,220 | $818K |
| Sterling Capital Management LLC | 0.01% | Add +50.2% | 19,021 | $810K |
| O'shaughnessy Asset Management, LLC | 0.00% | Add +69.8% | 18,974 | $808K |
| Syon Capital LLC | 0.04% | Add +113.1% | 18,598 | $792K |
| Focus Partners Advisor Solutions, LLC | 0.01% | Add +163.1% | 18,986 | $779K |
| Capital Square, LLC | 0.39% | Reduce -2.5% | 18,195 | $775K |
| NEOS Investment Management LLC | 0.01% | Add +102.6% | 18,114 | $771K |
| Wesbanco Bank Inc. | 0.02% | Reduce -6.0% | 18,023 | $767K |
| Ontario Teachers Pension Plan Board | 0.02% | Reduce -43.5% | 18,001 | $766K |
| Brighton Jones LLC | 0.02% | Add +168.2% | 17,944 | $764K |
| Spirit of America Management Corp. | 0.15% | No change | 17,750 | $756K |
| Caprock Group, LLC | 0.02% | — | 17,541 | $753K |
| Neuberger Berman Group LLC | 0.00% | Reduce -23.3% | 17,270 | $735K |
| Orion Porfolio Solutions, LLC | 0.01% | Add +2.5% | 17,048 | $726K |
| Linden Thomas Advisory Services, LLC | 0.07% | Add +2.7% | 16,913 | $720K |
| Private Advisor Group, LLC | 0.00% | Reduce -4.4% | 16,819 | $716K |
| Pallas Capital Advisors LLC | 0.03% | Add +257.6% | 16,618 | $707K |
| Allie Family Office LLC | 0.33% | No change | 16,454 | $700K |
| Tower Research Capital LLC (TRC) | 0.02% | Add +116.3% | 15,964 | $680K |
| Cornercap Investment Counsel Inc. | 0.33% | Reduce -1.7% | 15,422 | $657K |
| Ethic Inc. | 0.01% | Add +74.1% | 15,398 | $655K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 15,312 | $652K |
| Rockefeller Capital Management L.P. | 0.00% | Add +14.2% | 14,992 | $638K |
| Inceptionr LLC | 0.15% | Reduce -59.7% | 14,943 | $636K |
| Securian Asset Management, Inc. | 0.02% | Reduce -1.2% | 14,138 | $602K |
| Cambria Investment Management, L.P. | 0.04% | Add +15.6% | 13,863 | $590K |
| Beacon Pointe Advisors, LLC | 0.00% | Reduce -18.5% | 13,691 | $583K |
| Groupe la Francaise | 0.01% | New | 13,375 | $569K |
| Krilogy Financial LLC | 0.02% | New | 14,223 | $567K |
| Nicholas Hoffman & Company, LLC. | 0.01% | Reduce -0.1% | 13,261 | $565K |
| Samalin Investment Counsel, LLC | 0.20% | Add +4.0% | 13,235 | $563K |
| Baker Avenue Asset Management, LP | 0.01% | Add +113.6% | 13,220 | $563K |
| Impact Partnership Wealth, LLC | 0.08% | Add +166.1% | 13,045 | $555K |
| Iat Reinsurance Co. LTD. | 0.14% | No change | 13,000 | $553K |
| Crossmark Global Holdings, Inc. | 0.01% | Reduce -0.9% | 12,872 | $548K |
| Kera Capital Partners, Inc. | 0.08% | Add +42.8% | 12,829 | $546K |
| Vanderbilt University | 0.09% | No change | 12,800 | $545K |
| CSS LLC | 0.09% | Add +19.9% | 12,773 | $544K |
| PSI Advisors, LLC | 0.14% | Add +1.5% | 12,470 | $531K |
| Glenview Trust Co | 0.01% | Reduce -0.1% | 12,261 | $522K |
| Farringdon Capital, Ltd. | 0.13% | New | 11,979 | $510K |
| NewEdge Advisors, LLC | 0.00% | Add +70.8% | 11,921 | $507K |
| DoubleLine ETF Adviser LP | 0.15% | Add +6.0% | 11,719 | $499K |
| Intrua Financial, LLC | 0.06% | Add +4.8% | 11,679 | $497K |
| GC Wealth Management RIA, LLC | 0.02% | New | 11,663 | $496K |
| Atria Investments, Inc | 0.01% | Reduce -22.5% | 11,659 | $496K |
| FJ Capital Management LLC | 0.05% | New | 11,568 | $492K |
| Peak Financial Advisors LLC | 0.23% | Add +0.7% | 11,324 | $482K |
| Empowered Funds, LLC | 0.00% | New | 11,220 | $478K |
| Tidal Investments LLC | 0.00% | Reduce -2.4% | 10,944 | $466K |
| Sivia Capital Partners, LLC | 0.13% | Add +58.0% | 10,668 | $454K |
| Arrowstreet Capital, Limited Partnership | 0.00% | Reduce -96.0% | 10,623 | $452K |
| Choreo, LLC | 0.01% | Add +4.0% | 10,433 | $444K |
| Verition Fund Management LLC | 0.00% | Reduce -45.9% | 10,400 | $443K |
| Susquehanna International Group, LLP | 0.00% | Add +52.7% | 10,115 | $431K |
| Magnetar Financial LLC | 0.00% | New | 10,080 | $429K |
| Quadrant Capital Group LLC | 0.01% | Add +8.8% | 9,915 | $422K |
| Versant Capital Management, Inc | 0.06% | Add +20.9% | 9,833 | $419K |
| Griffin Asset Management, Inc. | 0.05% | Add +101.2% | 9,794 | $417K |
| GW Henssler & Associates Ltd. | 0.02% | New | 9,604 | $409K |
| Hantz Financial Services, Inc. | 0.01% | Add +4.2% | 9,533 | $406K |
| Signaturefd, LLC | 0.01% | Add +8.1% | 9,486 | $404K |
| Brookwood Investment Group LLC | 0.05% | Reduce -2.3% | 9,339 | $398K |
| Boothbay Fund Management, LLC | 0.01% | New | 9,073 | $386K |
| Cresset Asset Management, LLC | 0.00% | Add +15.7% | 9,059 | $386K |
| Wolverine Trading, LLC | 0.01% | New | 9,146 | $385K |
| Jackson Thornton Wealth Management, LLC | 0.04% | New | 9,155 | $385K |
| NorthCrest Asset Manangement, LLC | 0.01% | New | 9,073 | $383K |
| Certuity, LLC | 0.03% | New | 8,985 | $382K |
| Norinchukin Bank, The | 0.01% | Reduce -0.4% | 8,919 | $380K |
| Hilltop Holdings Inc. | 0.02% | Add +12.6% | 8,869 | $378K |
| Swiss Life Asset Management Ltd | 0.00% | Add +80.9% | 8,781 | $374K |
| Bartlett & Co. Wealth Management LLC | 0.00% | No change | 8,750 | $372K |
| Maryland State Retirement & Pension System | 0.01% | No change | 8,718 | $371K |
| Integrated Wealth Concepts LLC | 0.00% | Add +81.7% | 8,716 | $371K |
| Gateway Investment Advisers LLC | 0.00% | Reduce -1.1% | 8,715 | $371K |
| AlphaQuest LLC | 0.02% | Reduce -81.3% | 8,707 | $371K |
| M&T Bank Corp | 0.00% | Reduce -66.0% | 8,688 | $370K |
| World Investment Advisors | 0.01% | Add +2.4% | 8,667 | $369K |
| Alpha Cubed Investments, LLC | 0.01% | Add +1.8% | 8,375 | $357K |
| MAI Capital Management | 0.00% | Reduce -1.9% | 8,350 | $355K |
| Farther Finance Advisors, LLC | 0.01% | Add +480.7% | 8,200 | $349K |
| Mgo One Seven LLC | 0.01% | Add +39.2% | 8,169 | $348K |
| HUB Investment Partners, LLC | 0.01% | Add +61.8% | 7,991 | $340K |
| Endeavor Private Wealth, Inc. | 0.10% | Add +32.0% | 7,931 | $338K |
| SC&H Financial Advisors, Inc. | 0.05% | No change | 7,814 | $333K |
| NorthRock Partners, LLC | 0.01% | New | 7,684 | $327K |
| Abel Hall, LLC | 0.13% | Add +0.3% | 7,679 | $327K |
| DAVENPORT & Co LLC | 0.00% | Reduce -2.0% | 7,672 | $327K |
| Strengthening Families & Communities, LLC | 0.07% | Add +279.4% | 7,285 | $322K |
| 111 Capital | 0.06% | New | 7,540 | $321K |
| Romano Brothers and Company | 0.04% | No change | 7,495 | $319K |
| waypoint wealth counsel | 0.12% | New | 7,424 | $316K |
| Essential Partners LLC | 0.10% | Add +546.3% | 7,381 | $314K |
| NewEdge Wealth, LLC | 0.00% | New | 7,876 | $314K |
| Guggenheim Capital LLC | 0.00% | New | 7,256 | $309K |
| Alps Advisors Inc. | 0.00% | Add +20.2% | 7,236 | $308K |
| Sigma Planning Corp | 0.01% | Reduce -34.0% | 7,197 | $306K |
| Gables Capital Management Inc. | 0.13% | Reduce -4.7% | 7,100 | $302K |
| Castle Rock Wealth Management, LLC | 0.07% | New | 7,031 | $300K |
| EverSource Wealth Advisors, LLC | 0.01% | Add +24.2% | 6,882 | $293K |
| Albert D Mason Inc. | 0.19% | No change | 6,835 | $291K |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | Reduce -29.5% | 6,794 | $289K |
| Shelton Capital Management | 0.01% | No change | 6,734 | $287K |
| Laird Norton Wetherby Wealth Management, LLC | 0.01% | Reduce -9.4% | 6,674 | $284K |
| PNC Financial Services Group, Inc. | 0.00% | Add +10.9% | 6,668 | $284K |
| Allworth Financial LP | 0.00% | Add +49.1% | 6,666 | $284K |
| Panagora Asset Management Inc. | 0.00% | No change | 6,619 | $282K |
| Perigon Wealth Management, LLC | 0.01% | New | 6,601 | $281K |
| Stephens Inc. | 0.00% | Add +2.8% | 6,595 | $281K |
| Machina Capital S.A.S. | 0.05% | New | 6,594 | $281K |
| Caerus Investment Advisors, LLC | 0.11% | New | 6,416 | $273K |
| US Bancorp \de | 0.00% | Reduce -2.3% | 6,364 | $271K |
| Ballentine Partners, LLC | 0.00% | Add +34.2% | 6,337 | $270K |
| Coldstream Capital Management Inc. | 0.00% | Add +5.9% | 6,331 | $270K |
| Foundations Investment Advisors, LLC | 0.00% | New | 6,249 | $266K |
| Legacy Capital Wealth Partners, LLC | 0.06% | No change | 6,223 | $265K |
| Allstate Corp. | 0.01% | No change | 6,187 | $263K |
| Campbell & CO Investment Adviser LLC | 0.02% | Reduce -53.8% | 6,122 | $261K |
| DGS Capital Management, LLC | 0.05% | Add +23.8% | 6,029 | $257K |
| CIBC Asset Management Inc | 0.00% | No change | 5,856 | $249K |
| Fifth Third Wealth Advisors LLC | 0.01% | Reduce -2.3% | 5,747 | $245K |
| Parallel Advisors, LLC | 0.00% | Add +11.0% | 5,713 | $243K |
| AlphaCore Capital LLC | 0.01% | New | 5,709 | $243K |
| Fiduciary Alliance LLC | 0.02% | Add +21.1% | 5,699 | $243K |
| Virtu Financial LLC | 0.01% | New | 5,613 | $239K |
| Park Avenue Securities LLC | 0.00% | Reduce -1.1% | 5,586 | $238K |
| HB Wealth Management, LLC | 0.00% | New | 5,562 | $237K |
| KBC Group NV | 0.00% | Add +14.7% | 5,515 | $235K |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.00% | Reduce -81.3% | 5,300 | $226K |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 0.00% | New | 5,270 | $224K |
| Plan Group Financial, LLC | 0.06% | New | 5,216 | $222K |
| First Financial Bank - Trust Division | 0.02% | Reduce -4.3% | 5,195 | $221K |
| Transcend Capital Advisors, LLC | 0.02% | New | 5,185 | $221K |
| Waverly Advisors, LLC | 0.00% | New | 5,172 | $220K |
| Two Sigma Securities, LLC | 0.03% | New | 5,152 | $219K |
| Wealthcare Advisory Partners LLC | 0.00% | Add +1.7% | 5,131 | $218K |
| Praxis Investment Management Inc. | 0.01% | No change | 5,050 | $215K |
| one8zero8, LLC | 0.05% | No change | 5,000 | $213K |
| Kestra Private Wealth Services, LLC | 0.00% | Reduce -0.4% | 4,926 | $210K |
| Huntington National Bank | 0.00% | Reduce -10.1% | 4,918 | $209K |
| Journey Strategic Wealth LLC | 0.01% | New | 4,897 | $208K |
| Evoke Wealth, LLC | 0.00% | New | 4,852 | $207K |
| OneDigital Investment Advisors LLC | 0.00% | New | 4,846 | $206K |
| Capital City Trust Co. | 0.05% | No change | 4,734 | $202K |
| Earned Wealth Advisors, LLC | 0.03% | New | 4,707 | $200K |
| Bayforest Capital Ltd | 0.09% | Add +705.2% | 4,525 | $193K |
| Duncker Streett & Co. Inc. | 0.03% | No change | 4,500 | $192K |
| Rothschild Investment LLC | 0.01% | Add +1066.9% | 4,271 | $182K |
| Private Trust Co. NA | 0.02% | No change | 4,242 | $181K |
| Shell Asset Management Co. | 0.02% | Reduce -54.1% | 4,203 | $179K |
| Abich Financial Wealth Management LLC | 0.06% | — | 4,194 | $179K |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | Add +5.6% | 4,167 | $177K |
| Bessemer Group Inc. | 0.00% | Add +110.5% | 3,834 | $163K |
| GAMMA Investing LLC | 0.01% | Add +5.2% | 3,787 | $161K |
| FIL Ltd | 0.00% | Add +1.2% | 3,688 | $157K |
| Montag A & Associates Inc. | 0.01% | No change | 3,613 | $154K |
| Atlantic Union Bankshares Corp | 0.00% | Add +452.0% | 3,450 | $147K |
| Jones Financial Companies LLLP | 0.00% | Add +96.1% | 3,361 | $142K |
| Aster Capital Management (DIFC) Ltd | 0.07% | Reduce -81.6% | 3,304 | $141K |
| Advisory Services Network, LLC | 0.00% | Reduce -78.4% | 3,272 | $139K |
| GF Fund Management Co. LTD. | 0.00% | Reduce -4.6% | 3,163 | $135K |
| Globeflex Capital L P | 0.02% | New | 3,057 | $130K |
| Clearstead Advisors, LLC | 0.00% | Add +76.8% | 2,846 | $121K |
| Gold Investment Management Ltd. | 0.04% | No change | 2,692 | $115K |
| Wealthspire Advisors, LLC | 0.00% | New | 2,569 | $109K |
| Ameritas Advisory Services, LLC | 0.01% | Reduce -42.5% | 2,453 | $104K |
| Ameriflex Group, Inc. | 0.04% | Add +1266.1% | 2,336 | $99K |
| UMB Bank, n.a. | 0.00% | Add +2.9% | 2,320 | $99K |
| CI Investments Inc. | 0.00% | Reduce -33.7% | 2,290 | $97K |
| Fifth Third Bancorp | 0.00% | Add +4.8% | 2,240 | $95K |
| Quantbot Technologies LP | 0.00% | New | 2,135 | $91K |
| Security National Bank | 0.01% | No change | 2,075 | $88K |
| Lanark Financial, Inc. | 0.01% | Reduce -0.7% | 2,063 | $88K |
| True Wealth Design, LLC | 0.02% | Add +151.1% | 1,818 | $77K |
| Covestor Ltd | 0.04% | Add +6.1% | 1,816 | $77K |
| Wolverine Asset Management LLC | 0.01% | No change | 1,800 | $77K |
| Bokf, NA | 0.00% | No change | 1,800 | $77K |
| IFP Advisors, Inc | 0.00% | Add +33.3% | 1,781 | $76K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Reduce -60.0% | 1,777 | $76K |
| Principal Securities, Inc. | 0.00% | Add +46.9% | 1,776 | $76K |
| LRI Investments, LLC | 0.01% | No change | 1,613 | $69K |
| Heritage Wealth Advisors | 0.00% | No change | 1,600 | $68K |
| Steph & Co. | 0.02% | No change | 1,527 | $65K |
| Quaker Wealth Management, LLC | 0.02% | No change | 1,521 | $65K |
| Fulcrum Asset Management LLP | 0.02% | No change | 1,514 | $64K |
| Johnson Financial Group, Inc. | 0.00% | Add +234.7% | 1,506 | $64K |
| Inlight Wealth Management, LLC | 0.03% | No change | 1,334 | $57K |
| Spire Wealth Management | 0.00% | Reduce -3.4% | 1,323 | $56K |
| Smartleaf Asset Management LLC | 0.00% | Add +97.3% | 1,253 | $53K |
| Quent Capital, LLC | 0.00% | New | 1,192 | $51K |
| Ascentis Wealth Management, LLC | 0.01% | New | 1,186 | $50K |
| Bruce G. Allen Investments, LLC | 0.04% | No change | 1,166 | $50K |
| SJS Investment Consulting Inc. | 0.01% | New | 1,111 | $47K |
| CENTRAL TRUST Co | 0.00% | No change | 1,100 | $47K |
| Truvestments Capital LLC | 0.01% | Reduce -40.2% | 1,083 | $46K |
| Millstone Evans Group, LLC | 0.03% | No change | 1,023 | $44K |
| Horizons Wealth Management | 0.03% | No change | 975 | $42K |
| First United Bank & Trust | 0.01% | No change | 900 | $38K |
| CIBC Private Wealth Group LLC | 0.00% | Reduce -24.6% | 857 | $36K |
| Transamerica Financial Advisors, LLC | 0.00% | New | 830 | $35K |
| Avalon Trust Co | 0.00% | New | 818 | $35K |
| Loomis Sayles & Co. L P | 0.00% | Reduce -4.9% | 701 | $30K |
| Chung Wu Investment Group, LLC | 0.02% | No change | 700 | $30K |
| Caitong International Asset Management Co., Ltd | 0.02% | New | 700 | $30K |
| Capital Advisors, Ltd. LLC | 0.00% | Reduce -35.8% | 633 | $27K |
| WealthCollab, LLC | 0.01% | No change | 601 | $26K |
| Hazlett, Burt & Watson, Inc. | 0.01% | Add +152.2% | 580 | $25K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Reduce -1.8% | 586 | $25K |
| Caldwell Trust Co | 0.00% | No change | 552 | $23K |
| Westside Investment Management, Inc. | 0.00% | Add +42.9% | 513 | $22K |
| Western Pacific Wealth Management, LP | 0.02% | No change | 505 | $21K |
| North Star Investment Management Corp. | 0.00% | No change | 500 | $21K |
| Wiser Advisor Group LLC | 0.02% | New | 462 | $20K |
| Bogart Wealth, LLC | 0.00% | Reduce -5.1% | 447 | $19K |
| TCTC Holdings, LLC | 0.00% | No change | 444 | $19K |
| Sunbelt Securities, Inc. | 0.00% | Add +39.3% | 425 | $18K |
| Tidemark, LLC | 0.01% | Add +1.5% | 407 | $17K |
| Clearstead Trust, LLC | 0.00% | Add +17.1% | 405 | $17K |
| Rialto Wealth Management, LLC | 0.00% | No change | 389 | $17K |
| AdvisorNet Financial, Inc | 0.00% | No change | 365 | $16K |
| Rise Advisors, LLC | 0.01% | Reduce -2.9% | 334 | $14K |
| Larson Financial Group LLC | 0.00% | Add +22.2% | 314 | $13K |
| Annis Gardner Whiting Capital Advisors, LLC | 0.00% | No change | 300 | $13K |
| Financial Consulate, Inc. | 0.00% | New | 300 | $13K |
| City Holding Co. | 0.00% | No change | 300 | $13K |
| JNBA Financial Advisors | 0.00% | No change | 279 | $12K |
| Whittier Trust Co. | 0.00% | No change | 258 | $11K |
| Harbour Investments, Inc. | 0.00% | No change | 259 | $11K |
| Parkside Financial Bank & Trust | 0.00% | No change | 250 | $11K |
| Birchbrook, Inc. | 0.01% | No change | 240 | $10K |
| Stephens Consulting, LLC | 0.00% | No change | 240 | $10K |
| Quarry LP | 0.00% | New | 236 | $10K |
| Addison Advisors LLC | 0.00% | Add +230.9% | 225 | $10K |
| Richardson Financial Services Inc. | 0.01% | No change | 215 | $9K |
| Pinnacle Bancorp, Inc. | 0.00% | No change | 179 | $8K |
| HM Payson & Co. | 0.00% | No change | 165 | $7K |
| Avion Wealth | 0.00% | Reduce -6.7% | 166 | $7K |
| Farmers & Merchants Investments Inc. | 0.00% | Add +4.6% | 160 | $7K |
| Physician Wealth Advisors, Inc. | 0.00% | Add +950.0% | 147 | $6K |
| Proffitt & Goodson Inc. | 0.00% | New | 140 | $6K |
| Washington Trust Advisors, Inc. | 0.00% | No change | 136 | $6K |
| Blue Trust, Inc. | 0.00% | Reduce -63.3% | 136 | $6K |
| Bell Investment Advisors, Inc | 0.00% | Reduce -23.0% | 134 | $6K |
| Meeder Asset Management Inc. | 0.00% | Reduce -47.8% | 117 | $5K |
| Ancora Advisors LLC | 0.00% | No change | 117 | $5K |
| Global Retirement Partners, LLC | 0.00% | No change | 111 | $5K |
| Hughes Financial Services, LLC | 0.00% | Add +200.0% | 114 | $5K |
| Country Trust Bank | 0.00% | New | 100 | $4K |
| Capital Analysts, LLC | 0.00% | No change | 100 | $4K |
| CoreCap Advisors, LLC | 0.00% | Add +4.7% | 90 | $4K |
| Moisand Fitzgerald Tamayo, LLC | 0.00% | No change | 87 | $4K |
| Concord Wealth Partners | 0.00% | No change | 84 | $4K |
| Sachetta, LLC | 0.00% | Add +192.6% | 79 | $3K |
| Strategic Wealth Partners, Ltd. | 0.00% | No change | 74 | $3K |
| Brown Brothers Harriman & Co. | 0.00% | No change | 66 | $3K |
| Prestige Wealth Management Group LLC | 0.00% | No change | 64 | $3K |
| Elevation Wealth Partners, LLC | 0.00% | New | 58 | $2K |
| Strategic Advocates LLC | 0.00% | New | 56 | $2K |
| Financial Network Wealth Advisors LLC | 0.00% | No change | 54 | $2K |
| Virtue Capital Management, LLC | 0.00% | Add +4455.5% | 310,320 | $2K |
| Harbor Investment Advisory, LLC | 0.00% | No change | 44 | $2K |
| Legacy Wealth Managment, LLC | 0.00% | New | 40 | $2K |
| Dogwood Wealth Management LLC | 0.00% | Reduce -74.5% | 40 | $2K |
| Private Wealth Management Group, LLC | 0.00% | No change | 39 | $2K |
| SWAN Capital LLC | 0.00% | No change | 36 | $2K |
| Caitlin John, LLC | 0.00% | New | 30 | $1K |
| Cromwell Holdings LLC | 0.00% | No change | 25 | $1K |
| SouthState Bank Corp | 0.00% | No change | 23 | $980 |
| Motco | 0.00% | No change | 18 | $766 |
| Rossby Financial, LCC | 0.00% | No change | 15 | $645 |
| TD Waterhouse Canada Inc. | 0.00% | No change | 15 | $645 |
| Guerra Advisors Inc | 0.00% | New | 15 | $639 |
| Mountain Hill Investment Partners Corp. | 0.00% | No change | 13 | $555 |
| Golden State Wealth Management, LLC | 0.00% | No change | 13 | $553 |
| CVA Family Office, LLC | 0.00% | New | 12 | $511 |
| Fortitude Family Office, LLC | 0.00% | No change | 12 | $511 |
| American Capital Advisory, LLC | 0.00% | No change | 6 | $256 |
| Toronto Dominion Bank | 0.00% | New | 3 | $137 |
| MV Capital Management, Inc. | 0.00% | No change | 2 | $86 |
| Tortoise Investment Management, LLC | 0.00% | New | 2 | $85 |
| Hemington Wealth Management | 0.00% | No change | 12 | $0 |
"% of holder's portfolio" is NNN's weight in each manager's 13F, not the share of NNN REIT Inc. the manager owns.