NexPoint Real Estate Finance, Inc. - Common Stock, par value $0.01 per share (NREF) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2020 to Q4 2025

Type / Class
Equity / Common Stock, par value $0.01 per share
Symbol
NREF on NYSE
Shares outstanding
18,581,903
Price per share
$14.50
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
12,655,128
Total reported value
$178,183,214
% of total 13F portfolios
0%
Share change
+880,534
Value change
+$12,388,331
Number of holders
76
Price from insider filings
$14.50
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of NexPoint Real Estate Finance, Inc. - Common Stock, par value $0.01 per share (NREF) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
DONDERO JAMES D 54% $151,617,183 10,034,228 DONDERO JAMES D 30 Dec 2025

As of 31 Dec 2025, 76 institutional investors reported holding 12,655,128 shares of NexPoint Real Estate Finance, Inc. - Common Stock, par value $0.01 per share (NREF). This represents 68% of the company’s total 18,581,903 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of NexPoint Real Estate Finance, Inc. - Common Stock, par value $0.01 per share (NREF) together control 67% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
NEXPOINT ASSET MANAGEMENT, L.P. 51% 9,439,635 +9.9% 9.3% $132,910,062
BlackRock, Inc. 3.4% 625,390 +1.4% 0% $8,805,491
VANGUARD GROUP INC 2.1% 397,174 -8.1% 0% $5,592,210
RAYMOND JAMES FINANCIAL INC 1.7% 314,049 +1.8% 0% $4,421,805
MORGAN STANLEY 1% 194,271 +17% 0% $2,735,349
GEODE CAPITAL MANAGEMENT, LLC 0.94% 174,155 -6.3% 0% $2,452,862
STATE STREET CORP 0.92% 170,751 -0.28% 0% $2,404,174
O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.85% 157,700 +42% 0.01% $2,220,416
Copley Financial Group, Inc. 0.66% 123,307 +8.3% 1.1% $1,736,163
RITHOLTZ WEALTH MANAGEMENT 0.52% 96,697 +43% 0.02% $1,361,490
GOLDMAN SACHS GROUP INC 0.48% 89,469 -7% 0% $1,259,724
MILLENNIUM MANAGEMENT LLC 0.47% 87,151 -38% 0% $1,227,086
Penserra Capital Management LLC 0.44% 81,016 +14% 0.01% $1,140,000
1776 Wealth LLC 0.39% 72,399 -0.08% 0.38% $1,019,378
WEDBUSH SECURITIES INC 0.37% 67,977 -3.4% 0.03% $957,000
NORTHERN TRUST CORP 0.28% 52,477 -7.5% 0% $738,876
LPL Financial LLC 0.24% 44,538 +22% 0% $627,096
Berkeley Capital Partners, LLC 0.22% 40,909 +2.6% 0.14% $575,999
Morey & Quinn Wealth Partners, LLC 0.2% 37,884 -1.1% 0.38% $533,407
TWO SIGMA INVESTMENTS, LP 0.19% 34,805 +70% 0% $490,054
BANK OF AMERICA CORP /DE/ 0.16% 28,834 +29% 0% $405,983
HighTower Advisors, LLC 0.13% 24,672 +0.01% 0% $347,382
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.13% 23,917 -9.3% 0% $336,751
Concorde Asset Management, LLC 0.13% 23,350 +9.3% 0.13% $328,768
BARCLAYS PLC 0.12% 22,858 +4.3% 0% $321,841

Institutional Holders of NexPoint Real Estate Finance, Inc. - Common Stock, par value $0.01 per share (NREF) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 12,655,128 $178,183,214 +$12,388,331 $14.08 76
2025 Q3 11,781,480 $167,070,087 +$802,575 $14.18 74
2025 Q2 11,714,487 $161,543,660 +$39,002 $13.79 73
2025 Q1 11,730,568 $179,319,536 +$69,854 $15.29 74
2024 Q4 11,735,564 $184,132,601 +$669,575 $15.69 76
2024 Q3 11,726,984 $183,293,849 -$1,318,198 $15.63 67
2024 Q2 11,783,462 $161,667,438 +$1,209,226 $13.72 64
2024 Q1 11,684,656 $167,727,473 -$158,347 $14.36 59
2023 Q4 11,679,962 $183,961,380 -$212,305 $15.75 58
2023 Q3 11,690,802 $191,165,435 -$1,137,164 $16.36 58
2023 Q2 11,759,638 $183,331,685 +$6,222,750 $15.59 53
2023 Q1 11,360,076 $178,009,280 +$26,297,931 $15.67 54
2022 Q4 9,829,010 $156,180,096 +$340,323 $15.89 58
2022 Q3 9,797,894 $146,782,000 -$3,900,869 $14.98 53
2022 Q2 9,940,220 $201,482,205 +$17,925,843 $20.27 68
2022 Q1 9,074,597 $205,059,165 +$113,571,449 $22.60 53
2021 Q4 4,053,049 $78,014,536 +$1,417,926 $19.25 44
2021 Q3 3,939,980 $76,747,290 +$37,428,683 $19.48 38
2021 Q2 2,016,940 $42,126,244 -$887,404 $20.89 34
2021 Q1 2,084,549 $38,731,000 -$4,677,585 $18.58 27
2020 Q4 2,342,776 $38,704,000 -$7,937,123 $16.52 26
2020 Q3 2,909,016 $42,705,000 -$2,373,350 $14.68 32
2020 Q2 3,070,215 $51,427,000 +$2,333,255 $16.75 28
2020 Q1 3,017,196 $29,116,000 +$29,103,000 $9.65 26