NREF · NexPoint Real Estate Finance, Inc. · Shareholders & Ownership

$15.41 +0.11 (+0.72%) Q2 2026 earnings call transcript

Russell 2000 member Rebalance outlook locked

Market Cap

$288.37M

18.85M

Volume · Oct 28 49.93K Avg daily vol (3M) 57.69K

Every disclosed holder of NREF in one list: 13F institutions, Schedule 13D and 13G filers, insiders (Forms 3, 4 and 5) and registered funds, each from its own latest filing. Holders nest by CIK and SEC reporting links, never by name, and each is summed once.

How the holder list picks a filing →

Who Owns NREF

13F quarter Sep 30, 2026, combined view: filers that have not filed yet carry their Jun 30, 2026 positions

Holder group	Holders	Shares	% Out	Summed
Institutional (13F)	77	12,893,247	68.41%	Yes
Insiders (Forms 3, 4, 5)	9	687,946	3.65%	Yes
13D/G-only blocks	0	0	0.00%	Yes
Remaining	—	5,266,836	27.94%	Rest
Registered funds (N-PORT, not summed)	85	5,208,754	27.64%	No

Shares outstanding: 18,848,029, the issuer's latest cover-page count restated onto today's split basis.

13D/G-only counts each filer's latest 13D or 13G that no 13F report of the listing contains, that names no 13F filer and that no counted insider files. Funds are never summed: their shares sit inside their advisers' 13F reports.

Holders of NREF

One row per holder Every filing By ultimate parent

All 13F Funds Insiders 13D/G Non-US

#	Holder	Shares	% Out	Change	As of	Notes
1	DONDERO JAMES D Insider CIK 1228922 · Apr 4, 2026 See Remarks, 10% Owner, issuer-wide, not summed	10,414,762	55.26%	+92,710	Apr 4, 2026	See Remarks, 10% Owner, issuer-wide, not summed
1.1	DONDERO JAMES D 13D CIK 1228922 · Holding company · Dec 30, 2025 Item 4 purpose: Other not summed	10,034,227	53.24%	—	Dec 30, 2025	not summed
2	NEXPOINT ASSET MANAGEMENT, L.P. 13F CIK 1469877 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	9,439,635	50.08%	0	Jun 30, 2026	carried, not yet filed for the newest quarter
3	BlackRock, Inc. 13F CIK 2012383 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	624,275	3.31%	+30,273	Jun 30, 2026	carried, not yet filed for the newest quarter
3.1	iShares Russell 2000 ETF Fund S000004344 · Registered fund · Jun 30, 2026 iShares Trust, not summed	238,810	1.27%	+13,119	Jun 30, 2026	iShares Trust, not summed
3.2	iShares Mortgage Real Estate ETF Fund S000015626 · Registered fund · Jun 30, 2026 iShares Trust, not summed	81,593	0.43%	+2,771	Jun 30, 2026	iShares Trust, not summed
3.3	iShares Russell 2000 Value ETF Fund S000004342 · Registered fund · Jun 30, 2026 iShares Trust, not summed	75,928	0.40%	+6,337	Jun 30, 2026	iShares Trust, not summed
3.4	iShares Micro-Cap ETF Fund S000004439 · Registered fund · Jun 30, 2026 iShares Trust, not summed	24,042	0.13%	+7,254	Jun 30, 2026	iShares Trust, not summed
3.5	Master Small Cap Index Series Fund S000002716 · Registered fund · Jun 30, 2026 Quantitative Master Series LLC, not summed	15,920	0.08%	+961	Jun 30, 2026	Quantitative Master Series LLC, not summed
4	VANGUARD CAPITAL MANAGEMENT LLC 13F CIK 2100119 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	346,323	1.84%	+36,847	Jun 30, 2026	carried, not yet filed for the newest quarter
5	McGraner Matt Insider CIK 1636187 · Apr 4, 2026 See Remarks, issuer-wide	319,844	1.70%	+32,426	Apr 4, 2026	See Remarks, issuer-wide
6	RAYMOND JAMES FINANCIAL INC 13F CIK 720005 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	292,853	1.55%	-6,099	Jun 30, 2026	carried, not yet filed for the newest quarter
7	INDEPENDENT FINANCIAL GROUP, LLC 13F CIK 275484 · Registered investment adviser · Sep 30, 2026	281,265	1.49%	+255	Sep 30, 2026
8	VANGUARD TOTAL STOCK MARKET INDEX FUND Fund S000002848 · Registered fund · Jun 30, 2026 VANGUARD INDEX FUNDS, not summed	260,100	1.38%	+24,620	Jun 30, 2026	VANGUARD INDEX FUNDS, not summed
9	MORGAN STANLEY 13F CIK 895421 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	195,067	1.03%	+3,319	Jun 30, 2026	carried, not yet filed for the newest quarter
10	GEODE CAPITAL MANAGEMENT, LLC 13F CIK 1214717 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	182,678	0.97%	+3,429	Jun 30, 2026	carried, not yet filed for the newest quarter
11	STATE STREET CORP 13F CIK 93751 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	173,362	0.92%	-2,200	Jun 30, 2026	carried, not yet filed for the newest quarter
11.1	STATE STREET SMALL/MID CAP EQUITY INDEX PORTFOLIO Fund S000050332 · Registered fund · Jun 30, 2026 STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed	3,400	0.02%	+1,000	Jun 30, 2026	STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed
11.2	State Street Total Return V.I.S. Fund Fund S000001637 · Registered fund · Jun 30, 2026 STATE STREET VARIABLE INSURANCE SERIES FUNDS INC, not summed	166	0.00%	0	Jun 30, 2026	STATE STREET VARIABLE INSURANCE SERIES FUNDS INC, not summed
12	O'SHAUGHNESSY ASSET MANAGEMENT, LLC 13F CIK 1423442 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	155,328	0.82%	-387	Jun 30, 2026	carried, not yet filed for the newest quarter
13	NEXPOINT REAL ESTATE STRATEGIES FUND Fund · Registered fund · Jun 30, 2026 NEXPOINT REAL ESTATE STRATEGIES FUND, not summed	137,517	0.73%	—	Jun 30, 2026	NEXPOINT REAL ESTATE STRATEGIES FUND, not summed
13.1	Highland Opportunities and Income Fund Fund · Registered fund · Jun 30, 2026 Highland Opportunities and Income Fund, not summed	2,872,286	15.24%	—	Jun 30, 2026	Highland Opportunities and Income Fund, not summed
13.2	Highland Global Allocation Fund Fund · Registered fund · Jun 30, 2026 HIGHLAND GLOBAL ALLOCATION FUND, not summed	901,385	4.78%	—	Jun 30, 2026	HIGHLAND GLOBAL ALLOCATION FUND, not summed
14	Copley Financial Group, Inc. 13F CIK 2045258 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	110,587	0.59%	+80	Jun 30, 2026	carried, not yet filed for the newest quarter
15	RITHOLTZ WEALTH MANAGEMENT 13F CIK 1698218 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	104,618	0.56%	-7,970	Jun 30, 2026	carried, not yet filed for the newest quarter
16	Mitts Brian Insider CIK 1514845 · Apr 4, 2026 PEO, PFO & Assistant Treasurer, issuer-wide	95,009	0.50%	+6,123	Apr 4, 2026	PEO, PFO & Assistant Treasurer, issuer-wide
17	Hoya Capital High Dividend Yield ETF Fund S000073033 · Registered fund · May 31, 2026 ETF Series Solutions, not summed	83,913	0.45%	+3,667	May 31, 2026	ETF Series Solutions, not summed
18	Penserra Capital Management LLC 13F CIK 1593324 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	80,732	0.43%	-2,642	Jun 30, 2026	carried, not yet filed for the newest quarter
19	Richards Paul Insider CIK 2034963 · Apr 4, 2026 See Remarks, issuer-wide	74,069	0.39%	+11,112	Apr 4, 2026	See Remarks, issuer-wide
20	1776 Wealth LLC 13F CIK 1803140 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	72,399	0.38%	0	Jun 30, 2026	carried, not yet filed for the newest quarter
21	VANGUARD EXTENDED MARKET INDEX FUND Fund S000002841 · Registered fund · Jun 30, 2026 VANGUARD INDEX FUNDS, not summed	69,624	0.37%	-257	Jun 30, 2026	VANGUARD INDEX FUNDS, not summed
22	LAFFER ARTHUR B Insider CIK 1090307 · Apr 3, 2026 Director, issuer-wide	65,009	0.34%	+5,518	Apr 3, 2026	Director, issuer-wide
23	NORTHERN TRUST CORP 13F CIK 73124 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	57,141	0.30%	+7,346	Jun 30, 2026	carried, not yet filed for the newest quarter
23.1	Small Cap Index Fund Fund S000001245 · Registered fund · Jun 30, 2026 Northern Funds, not summed	3,924	0.02%	-107	Jun 30, 2026	Northern Funds, not summed
24	WEDBUSH SECURITIES INC 13F CIK 1142495 · Registered investment adviser · Sep 30, 2026	56,452	0.30%	-3,665	Sep 30, 2026
25	GOLDMAN SACHS GROUP INC 13F CIK 886982 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	51,585	0.27%	-19,971	Jun 30, 2026	carried, not yet filed for the newest quarter
25.1	Goldman Sachs Absolute Return Tracker Fund Fund S000020314 · Registered fund · Aug 31, 2026 GOLDMAN SACHS TRUST, not summed	34,531	0.18%	+7,144	Aug 31, 2026	GOLDMAN SACHS TRUST, not summed
25.2	Goldman Sachs ActiveBeta(R) U.S. Small Cap Equity ETF Fund S000048296 · Registered fund · Aug 31, 2026 Goldman Sachs ETF Trust, not summed	4,978	0.03%	-4,369	Aug 31, 2026	Goldman Sachs ETF Trust, not summed
26	LPL Financial LLC 13F CIK 1403438 · Broker-dealer · Jun 30, 2026 carried, not yet filed for the newest quarter	50,332	0.27%	+4,818	Jun 30, 2026	carried, not yet filed for the newest quarter
27	VANGUARD PORTFOLIO MANAGEMENT LLC 13F CIK 2100121 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	48,334	0.26%	+9,593	Jun 30, 2026	carried, not yet filed for the newest quarter
28	Cetera Investment Advisers 13F CIK 1666741 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	41,722	0.22%	+5,166	Jun 30, 2026	carried, not yet filed for the newest quarter
29	VANGUARD FIDUCIARY TRUST CO 13F CIK 933478 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	41,174	0.22%	+650	Jun 30, 2026	carried, not yet filed for the newest quarter
30	Morey & Quinn Wealth Partners, LLC 13F CIK 2055521 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	36,562	0.19%	-1,322	Jun 30, 2026	carried, not yet filed for the newest quarter
31	VANGUARD RUSSELL 2000 INDEX FUND Fund S000030003 · Registered fund · May 31, 2026 VANGUARD SCOTTSDALE FUNDS, not summed	34,216	0.18%	-3,582	May 31, 2026	VANGUARD SCOTTSDALE FUNDS, not summed
32	Constantino Edward N. Insider CIK 1498322 · Apr 3, 2026 Director, issuer-wide	33,898	0.18%	+2,759	Apr 3, 2026	Director, issuer-wide
33	JACOBS LEVY EQUITY MANAGEMENT, INC 13F CIK 884414 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	33,387	0.18%	-3,605	Jun 30, 2026	carried, not yet filed for the newest quarter
34	Sauter Dennis Charles Jr Insider CIK 1803863 · Apr 4, 2026 See Remarks, issuer-wide	33,017	0.18%	+4,850	Apr 4, 2026	See Remarks, issuer-wide
35	HighTower Advisors, LLC 13F CIK 1462245 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	32,413	0.17%	+4,703	Jun 30, 2026	carried, not yet filed for the newest quarter
36	Russell Investments Group, Ltd. 13F CIK 1692234 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	32,075	0.17%	+8,894	Jun 30, 2026	carried, not yet filed for the newest quarter
36.1	U.S. Small Cap Equity Fund Fund S000001586 · Registered fund · Jul 31, 2026 RUSSELL INVESTMENT CO, not summed	16,211	0.09%	—	Jul 31, 2026	RUSSELL INVESTMENT CO, not summed
37	Wood Catherine D. Insider CIK 1820212 · Apr 3, 2026 Director, issuer-wide	30,228	0.16%	+5,518	Apr 3, 2026	Director, issuer-wide
38	Oak Grove Capital LLC 13F CIK 1661762 · Registered investment adviser · Sep 30, 2026	27,000	0.14%	0	Sep 30, 2026
39	Concorde Asset Management, LLC 13F CIK 1631773 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	25,950	0.14%	+2,500	Jun 30, 2026	carried, not yet filed for the newest quarter
40	KAVANAUGH SCOTT F Insider CIK 1218975 · Apr 3, 2026 Director, Chief Executive Officer, issuer-wide	25,309	0.13%	+5,518	Apr 3, 2026	Director, Chief Executive Officer, issuer-wide
41	CHARLES SCHWAB INVESTMENT MANAGEMENT INC 13F CIK 884546 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	23,620	0.13%	+3,449	Jun 30, 2026	carried, not yet filed for the newest quarter
41.1	Schwab Small-Cap Index Fund Fund S000005912 · Registered fund · Jul 31, 2026 SCHWAB CAPITAL TRUST, not summed	17,435	0.09%	+3,103	Jul 31, 2026	SCHWAB CAPITAL TRUST, not summed
41.2	Schwab Total Stock Market Index Fund Fund S000005913 · Registered fund · Jul 31, 2026 SCHWAB CAPITAL TRUST, not summed	5,703	0.03%	0	Jul 31, 2026	SCHWAB CAPITAL TRUST, not summed
42	BANK OF AMERICA CORP /DE/ 13F CIK 70858 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	23,445	0.12%	-3,421	Jun 30, 2026	carried, not yet filed for the newest quarter
43	Navis Wealth Advisors, LLC 13F CIK 1849055 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	20,819	0.11%	+653	Jun 30, 2026	carried, not yet filed for the newest quarter
44	BRIDGEWAY CAPITAL MANAGEMENT, LLC 13F CIK 1107261 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	18,400	0.10%	+18,400	Jun 30, 2026	carried, not yet filed for the newest quarter
44.1	Ultra-Small Company Fund Fund S000004423 · Registered fund · Jun 30, 2026 Bridgeway Funds, Inc., not summed	18,400	0.10%	+14,300	Jun 30, 2026	Bridgeway Funds, Inc., not summed
45	Bank of New York Mellon Corp 13F CIK 1390777 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	17,489	0.09%	+2,417	Jun 30, 2026	carried, not yet filed for the newest quarter
46	OPPENHEIMER & CO INC 13F CIK 822581 · Unknown · Sep 30, 2026	17,357	0.09%	0	Sep 30, 2026
47	ALLIANCEBERNSTEIN L.P. 13F CIK 1109448 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	15,440	0.08%	+1,600	Jun 30, 2026	carried, not yet filed for the newest quarter
48	OSAIC HOLDINGS, INC. 13F CIK 1677044 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	14,880	0.08%	+4,400	Jun 30, 2026	carried, not yet filed for the newest quarter
49	Nuveen, LLC 13F CIK 1871926 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	12,716	0.07%	+12,716	Jun 30, 2026	carried, not yet filed for the newest quarter
49.1	Nuveen Small Cap Blend Index Fund Fund S000005367 · Registered fund · Jul 31, 2026 TIAA-CREF Funds, not summed	10,930	0.06%	+8,142	Jul 31, 2026	TIAA-CREF Funds, not summed
49.2	TIAA Separate Account VA-1 - Stock Index Account Fund S000005098 · Registered fund · Jun 30, 2026 TIAA Separate Account VA-1, not summed	156	0.00%	0	Jun 30, 2026	TIAA Separate Account VA-1, not summed
49.3	Nuveen Life Stock Index Fund Fund S000005094 · Registered fund · Jun 30, 2026 TIAA-CREF Life Funds, not summed	131	0.00%	0	Jun 30, 2026	TIAA-CREF Life Funds, not summed
50	Callan Family Office, LLC 13F CIK 1938970 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	12,218	0.06%	0	Jun 30, 2026	carried, not yet filed for the newest quarter

2 more nested rows are not shown here; Every filing lists them all.

Shares are restated onto today's split basis. Change compares each row with the same holder's previous filing in the same source; a dash means there is none to compare. Nested 13D/G, insider and fund rows are not summed, since a 13F report already holds them.

Showing 1–50 of 143 holders

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Key facts CIK 1786248 CUSIP 65342V101 13F (30d) 14 filings 14 filers Visit website Investor relations