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
- 11
- Reported value
- $1.2bn
- Buyers
- 9
- Sellers
- 3
Breadth +6 among 95 comparable managers.
Prologis Inc.
- Holders
- 17
- Reported value
- $9.4bn
- Buyers
- 9
- Sellers
- 8
Breadth +1 among 95 comparable managers.
Who holds both, Q2 2025
Both (4)
Eisler Capital Management Ltd, Fidelity (FMR LLC), MFS Investment Management, Schonfeld Strategic Advisors LLC
Only NNN (7)
AQR Capital Management LLC, Artisan Partners LP, ExodusPoint Capital Management LP, Freestone Grove Partners LP, Two Sigma Advisers LP, Two Sigma Investments LP, Voloridge Investment Management LLC
Only PLD (13)
AllianceBernstein LP, Arrowstreet Capital LP, Baillie Gifford & Co, Balyasny Asset Management LLC, Brevan Howard Capital Management LP, Capital Research Global Investors, Capital World Investors, GAMCO Investors Inc, Invesco Ltd, Janus Henderson Group Ltd, Neuberger Berman Group LLC, T. Rowe Price Associates Inc, 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.