Broadstone Net Lease

BNL • NYSE

Broadstone Net Lease is a reit - diversified company in the real estate sector on NYSE, led by John D. Moragne, with a market cap of $3.3B. As of Q3 2025, 83% of shares are held by 323 institutional investors, with VANGUARD GROUP INC as the largest holder at 14.43%.

Chief Executive OfficerJohn D. Moragne

Market Cap$3.3B

REIT - Diversified

Real Estate

Employees74.0

Websitebroadstone.com

Country

United States of America

Overview

Overview of institutional ownership in BNL as of Q3 2025 with a market cap of $3.4B

All Institutions

Institutions: 323
Value Held: $2.8B
Shares Held: 156.0M
Avg Position: $8.6M
Median Position: $1.1M

Hedge Funds

Hedge Funds: 28
Value Held: $142.7M
Shares Held: 8.0M
Avg Position: $5.1M
Median Position: $2.6M

Ownership Breakdown

Institutional (non-HF)

78.29%

$2.6B

Hedge Funds

4.22%

$142.7M

Retail & Other

17.49%

$591.0M

Based on market cap of $3.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in BNL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$487.8M 0.01% of portfolio	14.43% 27.3M shares	Q3 2020 Held for 5y 2m	$6.69T
B BlackRock, Inc. Institution	-	$364.5M 0.01% of portfolio	10.78% 20.4M shares	Q4 2020 Held for 4y 11m	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$150.1M 0.01% of portfolio	4.37% 8.3M shares	Q4 2020 Held for 4y 11m	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$91.6M 0.01% of portfolio	2.71% 5.1M shares	Q4 2020 Held for 4y 11m	$1.57T
CENTERSQUARE INVESTMENT MANAGEMENT LLC Real Assets	Eric Todd Briddell CEO	$90.3M 0.91% of portfolio	2.67% 5.1M shares	Q3 2020 Held for 5y 2m	$10.0B
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$84.0M 0.03% of portfolio	2.49% 4.7M shares	Q3 2020 Held for 5y 2m	$317.45B
N Nuveen, LLC Institution	-	$74.3M 0.02% of portfolio	2.20% 4.2M shares	Q1 2025 Held for 8 months	$377.89B
AEW CAPITAL MANAGEMENT L P Real Assets	Jonathan E Martin CEO	$65.1M 3.63% of portfolio	1.93% 3.6M shares	Q4 2022 Held for 2y 11m	$1.8B
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	Raife Brandon Giovinazzo Managing Partner	$61.9M 0.21% of portfolio	1.83% 3.5M shares	Q1 2024 Held for 1y 8m	$29.4B
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$58.9M 0.01% of portfolio	1.74% 3.3M shares	Q4 2020 Held for 4y 11m	$620.51B

Net Capital Flow

Institutional buying and selling activity for BNL in Q3 2025

Net Flow: −$62.8M
Buyers: 123
Sellers: 149
Total Bought: +$188.4M
Total Sold: −$251.1M
Avg Position: $8.5M

Biggest Buyers

Institution	Net Bought	Current Position
A AMERICAN CENTURY COMPANIES INC Institution	+$22.8M +1.3M shares	$24.2M 1.4M shares
B BlackRock, Inc. Institution	+$22.0M +1.2M shares	$364.5M 20.4M shares
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	+$20.6M +1.2M shares	$61.9M 3.5M shares
AEW CAPITAL MANAGEMENT L P Real Assets	+$20.1M +1.1M shares	$65.1M 3.6M shares
H HEITMAN REAL ESTATE SECURITIES LLC Real Assets	+$13.8M +770.4K shares	$28.8M 1.6M shares
BANK OF AMERICA CORP /DE/ Institution	+$12.3M +686.9K shares	$44.2M 2.5M shares
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution	+$8.6M +479.5K shares	$8.6M 479.5K shares
L LSV ASSET MANAGEMENT Long Only Manager	+$6.5M +364.2K shares	$24.0M 1.3M shares
D DARK FOREST CAPITAL MANAGEMENT LP Pension/Endowment	+$4.8M +266.8K shares	$7.1M 396.1K shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$3.7M +208.3K shares	$3.7M 208.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$74.0M −4.1M shares	$3.5M 195.8K shares
BANK OF NOVA SCOTIA / Institution	−$13.0M −810.9K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$12.5M −696.8K shares	$31.2M 1.7M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$6.7M −376.1K shares	$21.2M 1.2M shares
MERITAGE PORTFOLIO MANAGEMENT Long Only Manager	−$6.6M −368.6K shares	$307.5K 17.2K shares
K KEMPEN CAPITAL MANAGEMENT N.V. Institution	−$6.1M −343.0K shares	$9.0M 505.9K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$6.1M −342.1K shares	$9.0M 503.4K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	−$5.8M −325.0K shares	$3.6M 200.0K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$5.6M −345.8K shares	Sold Off 0 shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$5.4M −335.3K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BNL in Q3 2025

New Positions: 18
New Value: $21.5M
Exited Positions: 31
Exited Value: $47.9M

New Positions

Institution	Position Value
G GCIC Ltd. Institution	$15.3M 858.8K shares
Glenmede Investment Management, LP Long Only Manager	$2.6M 146.3K shares
W WESBANCO BANK INC Institution	$1.1M 61.0K shares
D DRW Securities, LLC Institution	$608.2K 34.1K shares
I INCEPTIONR LLC Hedge Fund•Quant	$299.6K 16.8K shares
SRS Capital Advisors, Inc. RIA/Wealth	$286.5K 16.0K shares
Sequoia Financial Advisors, LLC RIA/Wealth	$270.4K 15.1K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$236.7K 13.2K shares
R RSM US WEALTH MANAGEMENT LLC RIA/Wealth	$220.8K 12.2K shares
Longboard Asset Management, LP Long Only Manager	$210.3K 11.8K shares

Exited Positions

Institution	Previous Position
BANK OF NOVA SCOTIA / Institution	$13.0M 810.9K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$5.6M 345.8K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$5.4M 335.3K shares
A AXA Institution	$3.1M 195.8K shares
E Employees Retirement System of Texas Institution	$2.8M 175.0K shares
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC RIA/Wealth	$2.5M 158.7K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$2.2M 136.8K shares
H HRT FINANCIAL LLC Institution	$1.9M 121.1K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$1.7M 107.3K shares
Atom Investors LP Hedge Fund•Market Neutral	$1.2M 75.2K shares

Options Activity

Institutions with the largest Call and Put options positions in BNL as of Q3 2025

Call Positions: 3
Call Value: $2.7M
Put Positions: 1
Put Value: $1.2M

Call Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$977.5K 547.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$929.2K 520.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$831.0K 465.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.2M 666.0 contracts

Most Committed Institutions

Institutions with BNL as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
SAGE ADVISORS, LLC RIA/Wealth	Michael Joseph Helke CCO	11.38% $15.9M	0.47% 888.7K shares	Q4 2023 Held for 1y 11m	$139.6M
Post Resch Tallon Group Inc. RIA/Wealth	Kerry Patrick Tallon President	4.76% $5.4M	0.16% 299.6K shares	Q4 2024 Held for 11 months	$112.5M
AEW CAPITAL MANAGEMENT L P Real Assets	Jonathan E Martin CEO	3.63% $65.1M	1.93% 3.6M shares	Q4 2022 Held for 2y 11m	$1.8B
HGI Capital Management, LLC Hedge Fund•Sector	Jordan Eric Slone CEO	3.37% $1.2M	0.04% 68.6K shares	Q3 2025 Held for 2 months	$36.4M
Prairiewood Capital, LLC RIA/Wealth	Steven Michael Nelson Managing Partner	2.16% $6.5M	0.19% 364.9K shares	Q3 2021 Held for 4y 2m	$301.6M
S Sophron Capital Management L.P. Hedge Fund•Long/Short	George Michael Maslovsky CEO	2.09% $6.8M	0.20% 379.4K shares	Q4 2024 Held for 11 months	$324.6M
Green Street Investors, LLC Real Assets	Craig Arthur Leupold CEO	2.00% $3.5M	0.10% 198.3K shares	Q3 2025 Held for 2 months	$177.0M
H HEITMAN REAL ESTATE SECURITIES LLC Real Assets	Charles Pinckney Harbin Managing Partner	1.97% $28.8M	0.85% 1.6M shares	Q1 2025 Held for 8 months	$1.5B
P PROMETHIUM ADVISORS,LLC RIA/Wealth	Christopher Francis Poch Founder	1.66% $2.9M	0.08% 159.7K shares	Q3 2024 Held for 1y 2m	$175.2M
TRITONPOINT WEALTH, LLC RIA/Wealth	Gregory Edward Blake Managing Partner	1.31% $15.3M	0.44% 840.5K shares	Q4 2023 Held for 1y 11m	$1.2B

Hedge Fund Spotlight

Discover hedge funds investing in BNL

BALYASNY ASSET MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDmitry Balyasny

Portfolio Value: $48.1B
Positions: 1,894
Last Reported: Q3 2025

Sector Allocation

Position in Broadstone Net Lease

Market Value: $3.5M
Shares Held: 195.8K
Portfolio Weight: 0.01%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 iShares Core S&P 500 ETF IVV	ETF ETF	$1.1B	2.29%
2 Microsoft MSFT	Software - Infrastructure Technology	$1.1B	2.23%
3 Nvidia NVDA	Semiconductors Technology	$905.7M	1.88%