NNN REIT, Inc.
NNN REIT, Inc. (NNN) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · NNN · as of Mar 31, 2025
Ownership Breakdown
489
Institutional Holders
▼ 7 vs Q4
$7.27B
Total Inst. Value
▲ $232.91M vs Q4
190.25M
Shares Outstanding
freeFloat 98.96%
170.48M
13F Shares Held
▼ 1.85M vs Q4
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
NNN largest shareholders · institutional ownership
Q1 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
VANGUARD GROUP INC real estate investment trusts | 26.36M | 14.10% | 14.10% | $1.12T | May 9, 2025 | ▼ 922 |
BLACKROCK, INC. real estate investment trusts | 22.95M | 12.28% | 12.28% | $978.61B | May 2, 2025 | ▲ 314.6K |
FMR LLC real estate investment trusts | 17.19M | 9.20% | 9.20% | $733.22B | May 12, 2025 | ▲ 1.32M |
STATE STREET CORP real estate investment trusts | 12.00M | 6.42% | 6.42% | $511.86B | May 15, 2025 | ▼ 68.1K |
VICTORY CAPITAL MANAGEMENT INC real estate investment trusts | 10.32M | 5.53% | 5.53% | $440.31B | May 2, 2025 | ▼ 1.37M |
GEODE CAPITAL MANAGEMENT, LLC real estate investment trusts | 3.75M | 2.01% | 2.01% | $160.10B | May 13, 2025 | ▲ 215.8K |
RUSH ISLAND MANAGEMENT, LP real estate investment trusts | 3.31M | 1.77% | 1.77% | $141.02B | May 15, 2025 | ▲ 302.9K |
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ real estate investment trusts | 3.25M | 1.74% | 1.74% | $138.50B | May 2, 2025 | ▼ 45.5K |
CENTERSQUARE INVESTMENT MANAGEMENT LLC real estate investment trusts | 3.17M | 1.70% | 1.70% | $135.12B | May 9, 2025 | ▲ 404.2K |
DIMENSIONAL FUND ADVISORS LP real estate investment trusts | 2.75M | 1.47% | 1.47% | $117.47B | May 13, 2025 | ▼ 31.2K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q1 2025 vs prior quarter
Q1 2025
25
Increased
+5.88M shares3
New Positions
first time holders22
Decreased
−7.76M shares0
Sold Out
fully exitedNet shares change (top 50)
1.87M
+5.88M / −7.76M
Net new holders
+6
3 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
NNN insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
6
Buy transactions
0
Sell transactions
0.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Beall Pamela K.M. director | Apr 30, 2026 | Award | 833 | $43.52 | $36.3K | 36.5K | Form 4 ↗ |
FICK DAVID M director | Apr 30, 2026 | Award | 1,787 | $43.52 | $77.8K | 71.0K | Form 4 ↗ |
HOLDEN BETSY D director | Apr 30, 2026 | Award | 1,243 | $43.52 | $54.1K | 34.8K | Form 4 ↗ |
FRITSCH EDWARD J director | Apr 30, 2026 | Award | 833 | $43.52 | $36.3K | 64.5K | Form 4 ↗ |
Gulacsy Elizabeth director | Apr 30, 2026 | Award | 1,049 | $43.52 | $45.7K | 16.7K | Form 4 ↗ |
Witherspoon Kamau Omari director | Apr 30, 2026 | Award | 1,391 | $43.52 | $60.5K | 22.7K | Form 4 ↗ |
Horn Stephen A JR President & CEO | Mar 9, 2026 | Sale | 33,192 | $44.98 | $1.49M | 822.7K | Form 4 ↗ |
Adamo Jonathan EVP Chief Portfolio Operations | Mar 6, 2026 | Sale | 6,000 | $44.99 | $269.9K | 126.4K | Form 4 ↗ |
Miller Michelle Lynn EVP,Chief Acctg & Tech Officer | Feb 20, 2026 | Sale | 4,000 | $44.03 | $176.1K | 93.8K | Form 4 ↗ |
Steffens Gina M. EVP, General Counsel | Feb 17, 2026 | Award | 24,828 | $44.34 | $1.10M | 89.8K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
NNN REIT, Inc. (NNN) is primarily owned by institutional investors, who hold approximately 89.6% of total shares outstanding. Company insiders own approximately 1.04%, while retail and public investors account for the remaining 9.36%.
The largest institutional shareholder of NNN REIT, Inc. is VANGUARD GROUP INC, holding approximately 26.36 million shares — equal to 14.10% of outstanding shares — as of March 31, 2025.
A total of 489 institutional investors currently hold NNN stock, with a combined institutional value of approximately $7.27 billion as of the most recent 13F filing period.
Frequently asked questions
NNN ownershipNNN REIT, Inc. (NNN) is primarily owned by institutional investors, who hold approximately 89.6% of shares. The largest shareholder is VANGUARD GROUP INC with a 14.10% stake. Company insiders hold 1.04%. Data sourced from SEC Form 13F as of March 31, 2025.