NNN in the 13F filings

National Retail Properties Inc · CUSIP 637417106

Sector · Real estate Theme · Real estate investment trusts

Quarter

Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023

Quarter end: 31 Mar 2026; the date the book describes
Filed: 27 Oct 2026; latest of these filings; the earliest 12 May 2026
Managers listing it: 27; at least, of 95 tracked, among listed positions
Comparable managers: 91; filed both Q4 2025 and Q1 2026; 8 listed it in both
Shares listed: 33,596,702; combined, among listed positions
Reported value: $1.4bn; combined, at the quarter end

1 line marked †. Value as filed implies a price far from other filers'. Each counts in holders and value as filed, and is left out of the net change in shares.

AllianceBernstein LP. Values in this filing are at the previous quarter end's prices; its share count is the quarter end's.

Among the 91 comparable managers: 14 buyers (opened or added shares) and 15 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +457,214.

Managers listing NNN in Q1 2026

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q4 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

ActionShare of book at least

27 of 27 holders

				Action		Filing
Fidelity (FMR LLC)	19,236,585	$809m	under 0.1%	Trimmed	-973,250	15 May 2026 (the filing on sec.gov)
AQR Capital Management LLC	3,857,367	$161m	0.07%	Added	+164,584	15 May 2026 (the filing on sec.gov)
MFS Investment Management† Value as filed implies a price far from other filers'.	2,974,695	$134m	under 0.1%	Trimmed	-360,162	14 May 2026 (the filing on sec.gov)
Two Sigma Investments LP	1,848,688	$78m	0.06%	Added	+1,397,357	15 May 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP	1,110,398	$47m	0.16%	Trimmed	-305,563	13 May 2026 (the filing on sec.gov)
Artisan Partners LP	917,075	$39m	0.06%	Trimmed	-66,893	13 May 2026 (the filing on sec.gov)
Invesco Ltd	737,202	$31m	under 0.1%	Trimmed	-1,956	12 May 2026 (the filing on sec.gov)
Citadel Advisors LLC	623,336	$26m	under 0.1%	Added	+160,697	15 May 2026 (the filing on sec.gov)
D. E. Shaw & Co.	441,929	$19m	under 0.1%	Added	+333,037	15 May 2026 (the filing on sec.gov)
Millennium Management LLC	290,961	$12m	under 0.1%	Trimmed	-119,100	15 May 2026 (the filing on sec.gov)
AllianceBernstein LP	301,318	$12m	under 0.1%	Added	+6,105	15 May 2026 (the filing on sec.gov)
Voloridge Investment Management LLC	235,116	$9.9m	under 0.1%	Trimmed	-191,131	15 May 2026 (the filing on sec.gov)
Janus Henderson Group Ltd	200,016	$8.4m	under 0.1%	Trimmed	-14,325	18 May 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc	167,308	$7.0m	under 0.1%	Added	+18,895	15 May 2026 (the filing on sec.gov)
Point72 Asset Management LP	130,978	$5.5m	under 0.1%	Added	+48,784	15 May 2026 (the filing on sec.gov)
Renaissance Technologies LLC	112,200	$4.7m	under 0.1%	Added	+98,700	14 May 2026 (the filing on sec.gov)
Balyasny Asset Management LLC	62,916	$2.6m	under 0.1%	Trimmed	-18,356	15 May 2026 (the filing on sec.gov)
Caxton Associates LLP	54,067	$2.3m	0.05%	Held	0	14 May 2026 (the filing on sec.gov)
Quantbot Technologies LP	52,733	$2.2m	0.09%	Trimmed	-62,797	13 May 2026 (the filing on sec.gov)
Jane Street Group LLC	51,183	$2.2m	under 0.1%	Trimmed	-8,242	12 May 2026 (the filing on sec.gov)
Squarepoint Ops LLC	48,106	$2.0m	under 0.1%	New	new	15 May 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP	33,896	$1.4m	under 0.1%	Added	+25,893	15 May 2026 (the filing on sec.gov)
Tudor Investment Corp	29,816	$1.3m	under 0.1%	Trimmed	-2,978	15 May 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP	28,381	$1.2m	under 0.1%	New	new	14 May 2026 (the filing on sec.gov)
Neuberger Berman Group LLC	21,717	$913k	under 0.1%	Added	+4,600	27 Oct 2026 (the filing on sec.gov)

Page 1 of 2

Largest increases and reductions, by shares

Q4 2025 to Q1 2026, among managers that listed it in both quarters or opened it.

Increases

Two Sigma Investments LPexisting position · 1,848,688 shares now+1,397,357
D. E. Shaw & Co.existing position · 441,929 shares now+333,037
AQR Capital Management LLCexisting position · 3,857,367 shares now+164,584
Citadel Advisors LLCexisting position · 623,336 shares now+160,697
Renaissance Technologies LLCexisting position · 112,200 shares now+98,700

Reductions

Fidelity (FMR LLC)existing position · 19,236,585 shares now-973,250
MFS Investment Managementexisting position · 2,974,695 shares now-360,162
Hudson Bay Capital Management LPexisting position · 1,110,398 shares now-305,563
Voloridge Investment Management LLCexisting position · 235,116 shares now-191,131
Millennium Management LLCexisting position · 290,961 shares now-119,100

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (4)

Exited (3)

Marshall Wace LLPwas $3.3m
Bridgewater Associates LPwas $1.7m
Susquehanna International Group LLPwas $640k

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.

8 in Q3 2024 to 10 in Q2 2026

Tracked managers listing it, at least.

the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.

NNN by quarter
Quarter	Holders	Reported value	Buyers	Sellers
Q2 2013	2	$182m	n.a.	n.a.
Q3 2013	2	$207m	n.a.	n.a.
Q4 2013	3	$299m	n.a.	n.a.
Q1 2014	2	$340m	n.a.	n.a.
Q2 2014	2	$413m	n.a.	n.a.
Q3 2014	4	$406m	n.a.	n.a.
Q4 2014	4	$502m	n.a.	n.a.
Q1 2015	4	$491m	n.a.	n.a.
Q2 2015	5	$343m	n.a.	n.a.
Q3 2015	3	$274m	n.a.	n.a.
Q4 2015	3	$292m	n.a.	n.a.
Q1 2016	6	$301m	n.a.	n.a.
Q2 2016	6	$430m	n.a.	n.a.
Q3 2016	6	$600m	n.a.	n.a.
Q4 2016	6	$547m	n.a.	n.a.
Q1 2017	4	$341m	n.a.	n.a.
Q2 2017	4	$100m	n.a.	n.a.
Q3 2017	2	$64m	n.a.	n.a.
Q4 2017	4	$190m	n.a.	n.a.
Q1 2018	7	$216m	n.a.	n.a.
Q2 2018	5	$179m	n.a.	n.a.
Q3 2018	5	$251m	n.a.	n.a.
Q4 2018	5	$275m	n.a.	n.a.
Q1 2019	4	$460m	n.a.	n.a.
Q2 2019	6	$384m	n.a.	n.a.
Q3 2019	7	$608m	n.a.	n.a.
Q4 2019	11	$660m	n.a.	n.a.
Q1 2020	8	$432m	n.a.	n.a.
Q2 2020	8	$664m	n.a.	n.a.
Q3 2020	4	$540m	n.a.	n.a.
Q4 2020	3	$491m	n.a.	n.a.
Q1 2021	4	$555m	n.a.	n.a.
Q2 2021	6	$750m	n.a.	n.a.
Q3 2021	5	$587m	n.a.	n.a.
Q4 2021	5	$699m	n.a.	n.a.
Q1 2022	5	$695m	n.a.	n.a.
Q2 2022	5	$714m	n.a.	n.a.
Q3 2022	7	$632m	n.a.	n.a.
Q4 2022	6	$716m	n.a.	n.a.
Q1 2023	8	$728m	n.a.	n.a.
Q2 2023	7	$675m	n.a.	n.a.
Q3 2023	6	$250m	n.a.	n.a.
Q4 2023	7	$701m	4	3
Q1 2024	4	$273m	1	3
Q2 2024	6	$337m	4	2
Q3 2024	8	$979m	6	2
Q4 2024	6	$906m	4	3
Q1 2025	9	$1.1bn	8	1
Q2 2025	11	$1.2bn	9	3
Q3 2025	7	$1.3bn	5	3
Q4 2025	8	$1.2bn	18	12
Q1 2026	8	$1.3bn	14	15
Q2 2026	10	$788m	17	13

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

NNN and WELL →NNN and EQIX →NNN and PLD →Choose a stock to compare with NNN →

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. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own NNN, latest filings →Back to the 13F Explorer →

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