Holders over time
- NNN
- PLD
| Quarter | NNN | PLD |
|---|---|---|
| Q3 2020 | 4 holders, $540m | 15 holders, $8.1bn |
| Q4 2020 | 3 holders, $491m | 20 holders, $7.5bn |
| Q1 2021 | 4 holders, $555m | 24 holders, $8.0bn |
| Q2 2021 | 6 holders, $750m | 21 holders, $9.0bn |
| Q3 2021 | 5 holders, $587m | 21 holders, $10.0bn |
| Q4 2021 | 5 holders, $699m | 19 holders, $13.4bn |
| Q1 2022 | 5 holders, $695m | 18 holders, $12.3bn |
| Q2 2022 | 5 holders, $714m | 27 holders, $9.0bn |
| Q3 2022 | 7 holders, $632m | 28 holders, $8.1bn |
| Q4 2022 | 6 holders, $716m | 26 holders, $9.4bn |
| Q1 2023 | 8 holders, $728m | 24 holders, $10.1bn |
| Q2 2023 | 7 holders, $675m | 22 holders, $9.3bn |
| Q3 2023 | 6 holders, $250m | 21 holders, $8.4bn |
| Q4 2023 | 7 holders, $701m | 17 holders, $11.0bn |
| Q1 2024 | 4 holders, $273m | 19 holders, $10.8bn |
| Q2 2024 | 6 holders, $337m | 17 holders, $9.2bn |
| Q3 2024 | 8 holders, $979m | 16 holders, $10.5bn |
| Q4 2024 | 6 holders, $906m | 15 holders, $9.1bn |
| Q1 2025 | 9 holders, $1.1bn | 15 holders, $10.3bn |
| Q2 2025 | 11 holders, $1.2bn | 17 holders, $9.4bn |
| Q3 2025 | 7 holders, $1.3bn | 20 holders, $9.8bn |
| Q4 2025 | 8 holders, $1.2bn | 18 holders, $10.6bn |
| Q1 2026 | 8 holders, $1.3bn | 20 holders, $10.9bn |
| Q2 2026 | 10 holders, $788m | 23 holders, $11.1bn |
National Retail Properties Inc
- Holders
- 8
- Reported value
- $979m
- Buyers
- 6
- Sellers
- 2
Breadth +4 among 94 comparable managers.
Prologis Inc.
- Holders
- 16
- Reported value
- $10.5bn
- Buyers
- 8
- Sellers
- 8
Breadth 0 among 94 comparable managers.
Who holds both, Q3 2024
Only NNN (6)
AQR Capital Management LLC, Artisan Partners LP, Balyasny Asset Management LLC, Caxton Associates LLP, Two Sigma Advisers LP, Voloridge Investment Management LLC
Only PLD (14)
AllianceBernstein LP, Baillie Gifford & Co, Brevan Howard Capital Management LP, Capital Research Global Investors, Capital World Investors, GAMCO Investors Inc, Invesco Ltd, Janus Henderson Group Ltd, Marshall Wace LLP, Neuberger Berman Group LLC, Schonfeld Strategic Advisors LLC, T. Rowe Price Associates Inc, Tudor Investment Corp, Wellington Management Group LLP
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. Buyers and sellers count comparable managers (those that filed both quarters) by shares, so a rise in value with no rise in shares is the price. Large books are listed to their largest positions. These are 95 tracked managers, not the institutional market.