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 Sep 30, 2025
Ownership Breakdown
517
Institutional Holders
▲ 24 vs Q2
$7.23B
Total Inst. Value
▼ $28.93M vs Q2
190.25M
Shares Outstanding
freeFloat 98.96%
170.14M
13F Shares Held
▲ 2.10M vs Q2
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
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
VANGUARD GROUP INC real estate investment trusts | 26.32M | 14.09% | 14.09% | $1.12T | Nov 7, 2025 | ▲ 197.3K |
BLACKROCK, INC. real estate investment trusts | 24.89M | 13.32% | 13.32% | $1.06T | Nov 12, 2025 | ▼ 145.8K |
FMR LLC real estate investment trusts | 20.82M | 11.14% | 11.14% | $886.36B | Nov 13, 2025 | ▲ 1.49M |
STATE STREET CORP real estate investment trusts | 12.03M | 6.44% | 6.44% | $511.94B | Nov 14, 2025 | ▼ 133.2K |
VICTORY CAPITAL MANAGEMENT INC real estate investment trusts | 9.88M | 5.29% | 5.29% | $420.45B | Nov 12, 2025 | ▲ 407.3K |
GEODE CAPITAL MANAGEMENT, LLC real estate investment trusts | 3.82M | 2.04% | 2.04% | $162.67B | Nov 12, 2025 | ▲ 43.4K |
AQR CAPITAL MANAGEMENT LLC real estate investment trusts | 3.28M | 1.76% | 1.76% | $138.82B | Nov 14, 2025 | ▲ 1.49M |
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ real estate investment trusts | 3.17M | 1.70% | 1.70% | $135.10B | Oct 29, 2025 | ▼ 292.8K |
RUSH ISLAND MANAGEMENT, LP real estate investment trusts | 3.07M | 1.64% | 1.64% | $130.68B | Nov 14, 2025 | ▼ 230.3K |
FEDERATED HERMES, INC. real estate investment trusts | 2.97M | 1.59% | 1.59% | $126.23B | Nov 3, 2025 | ▲ 229.6K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
32
Increased
+8.61M shares2
New Positions
first time holders16
Decreased
−1.79M shares0
Sold Out
fully exitedNet shares change (top 50)
+6.82M
+8.61M / −1.79M
Net new holders
+18
2 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 89.4% of total shares outstanding. Company insiders own approximately 1.04%, while retail and public investors account for the remaining 9.53%.
The largest institutional shareholder of NNN REIT, Inc. is VANGUARD GROUP INC, holding approximately 26.32 million shares — equal to 14.09% of outstanding shares — as of September 30, 2025.
A total of 517 institutional investors currently hold NNN stock, with a combined institutional value of approximately $7.23 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 89.4% of shares. The largest shareholder is VANGUARD GROUP INC with a 14.09% stake. Company insiders hold 1.04%. Data sourced from SEC Form 13F as of September 30, 2025.