Annaly Capital Management

NLY • NYSE

Annaly Capital Management is a reit - mortgage company in the real estate sector on NYSE, led by David L. Finkelstein, with a market cap of $15.1B. As of Q3 2025, 59% of shares are held by 662 institutional investors, with BlackRock, Inc. as the largest holder at 11.58%.

Chief Executive OfficerDavid L. Finkelstein

Market Cap$15.1B

REIT - Mortgage

Real Estate

Employees187.0

Websiteannaly.com

Country

United States of America

Overview

Overview of institutional ownership in NLY as of Q3 2025 with a market cap of $13.0B

All Institutions

Institutions: 662
Value Held: $7.7B
Shares Held: 380.2M
Avg Position: $11.6M
Median Position: $516.0K

Hedge Funds

Hedge Funds: 29
Value Held: $155.0M
Shares Held: 7.7M
Avg Position: $5.3M
Median Position: $908.9K

Ownership Breakdown

Institutional (non-HF)

58.2%

$7.6B

Hedge Funds

1.19%

$155.0M

Retail & Other

40.6%

$5.3B

Based on market cap of $13.0B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in NLY as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$1.5B 0.03% of portfolio	11.58% 74.4M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.2B 0.02% of portfolio	9.44% 60.6M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$621.3M 0.07% of portfolio	4.79% 30.7M shares	≤ Q2 2013 Held for 12y 5m+	$912.31B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$508.9M 0.02% of portfolio	3.80% 24.4M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
Allspring Global Investments Holdings, LLC Long Only Manager	Francis Jon Baranko President	$358.5M 0.58% of portfolio	2.71% 17.4M shares	Q4 2021 Held for 3y 11m	$61.5B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$341.1M 0.02% of portfolio	2.63% 16.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
FMR LLC Institution	-	$283.1M 0.01% of portfolio	2.18% 14.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$133.5M 0.02% of portfolio	1.03% 6.6M shares	≤ Q2 2013 Held for 12y 5m+	$782.01B
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	James Poucher CEO	$108.6M 0.02% of portfolio	0.84% 5.4M shares	≤ Q2 2013 Held for 12y 5m+	$460.61B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$105.6M 0.01% of portfolio	0.81% 5.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for NLY in Q3 2025

Traded: +$511.5M
Buyers: 395
Sellers: 191
Total Bought: +$829.1M
Total Sold: −$317.6M
Avg Position: $10.8M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$170.8M +8.5M shares	$283.1M 14.0M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	+$86.6M +4.3M shares	$108.6M 5.4M shares
B BlackRock, Inc. Institution	+$66.4M +3.3M shares	$1.5B 74.4M shares
Marshall Wace LLP Institution	+$40.2M +2.0M shares	$40.2M 2.0M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$39.8M +2.0M shares	$341.1M 16.9M shares
VANGUARD GROUP INC Institution	+$38.1M +1.9M shares	$1.2B 60.6M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$36.8M +1.8M shares	$53.5M 2.6M shares
STATE STREET CORP Institution	+$35.2M +1.7M shares	$508.9M 24.4M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$17.5M +867.9K shares	$31.4M 1.6M shares
UBS Group AG Institution	+$15.2M +750.4K shares	$74.0M 3.7M shares

Biggest Sellers

Institution	Net Sold	Current Position
D D. E. Shaw & Co., Inc. Institution	−$54.7M −2.7M shares	$81.2M 4.0M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$36.7M −2.0M shares	Sold Off 0 shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$34.9M −1.7M shares	$19.7M 974.1K shares
Brandywine Global Investment Management, LLC Long Only Manager	−$22.3M −1.1M shares	$65.2M 3.2M shares
L LEGAL & GENERAL GROUP PLC Institution	−$16.0M −792.5K shares	$38.6M 1.9M shares
BARCLAYS PLC Institution	−$11.6M −575.7K shares	$42.4M 2.1M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$11.5M −570.9K shares	$20.1M 996.2K shares
Allspring Global Investments Holdings, LLC Long Only Manager	−$11.0M −532.0K shares	$358.5M 17.4M shares
GOLDMAN SACHS GROUP INC Institution	−$6.4M −315.7K shares	$20.0M 991.1K shares
A Algebris Ltd Institution	−$5.8M −287.8K shares	$15.4M 762.2K shares

Entry and Exit Activity

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

New Positions: 29
New Value: $13.4M
Exited Positions: 50
Exited Value: $69.4M

New Positions

Institution	Position Value
PAYDEN & RYGEL Long Only Manager	$7.9M 391.3K shares
G Grantham, Mayo, Van Otterloo & Co. LLC Long Only Manager	$1.5M 74.1K shares
BridgePort Financial Solutions, LLC RIA/Wealth	$615.9K 30.5K shares
S Shay Capital LLC Institution	$505.3K 25.0K shares
Investor's Fiduciary Advisor Network, LLC RIA/Wealth	$409.8K 20.3K shares
F Farringdon Capital, Ltd. Institution	$405.6K 20.1K shares
R Retirement Solution Inc. Institution	$315.6K 15.6K shares
Solstein Capital, LLC Hedge Fund•Value	$310.4K 15.4K shares
P Prosperity Wealth Management, Inc. RIA/Wealth	$290.2K 14.4K shares
Elevate Capital Advisors, LLC RIA/Wealth	$247.2K 12.2K shares

Exited Positions

Institution	Previous Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$36.7M 2.0M shares
A AMF Pensionsforsakring AB Institution	$3.9M 203.2K shares
F FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND Institution	$3.1M 165.6K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$2.1M 110.4K shares
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC RIA/Wealth	$2.0M 104.9K shares
G Generali Asset Management SPA SGR Institution	$1.8M 98.3K shares
B Bayview Asset Management, LLC Hedge Fund•Multi-Strategy	$1.8M 95.0K shares
A Achmea Investment Management B.V. Institution	$1.7M 92.7K shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$1.6M 87.6K shares
ICON ADVISERS INC/CO Long Only Manager	$1.6M 86.7K shares

Options Activity

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

Call Positions: 17
Call Value: $113.8M
Put Positions: 13
Put Value: $104.6M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$40.8M 20.2K contracts
Centiva Capital, LP Hedge Fund•Multi-Strategy	$15.5M 7.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$13.2M 6.5K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$12.7M 6.3K contracts
S Shay Capital LLC Institution	$7.1M 3.5K contracts
S SCOGGIN LLC Hedge Fund•Event Driven	$5.1M 2.5K contracts
Walleye Trading LLC RIA/Wealth	$4.8M 2.4K contracts
D D. E. Shaw & Co., Inc. Institution	$4.8M 2.4K contracts
J JANE STREET GROUP, LLC Institution	$4.1M 2.0K contracts
W WOLVERINE TRADING, LLC Institution	$3.6M 1.7K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$59.2M 29.3K contracts
P PEAK6 LLC Institution	$19.9M 9.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$12.8M 6.3K contracts
D D. E. Shaw & Co., Inc. Institution	$4.2M 2.1K contracts
W WOLVERINE TRADING, LLC Institution	$3.7M 1.8K contracts
J JANE STREET GROUP, LLC Institution	$3.1M 1.5K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$955.9K 473.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$547.7K 271.0 contracts
Walleye Trading LLC RIA/Wealth	$202.1K 100.0 contracts
HBK INVESTMENTS L P Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Penn Mutual Asset Management, LLC Insurance Manager	David Michael O'Malley Chairman	8.83% $3.6M	0.03% 177.6K shares	Q4 2023 Held for 1y 11m	$40.7M
Dupree Financial Group, LLC RIA/Wealth	William Martin Ambrose CFO	3.69% $9.5M	0.07% 470.5K shares	Q4 2023 Held for 1y 11m	$257.5M
SAGE ADVISORS, LLC RIA/Wealth	Michael Joseph Helke CCO	2.83% $4.0M	0.03% 195.5K shares	Q3 2025 Held for 2 months	$139.6M
KING STREET CAPITAL MANAGEMENT, L.P. Hedge Fund•Distressed	Ricardo Nmn Marano Managing Partner	2.43% $12.1M	0.09% 600.0K shares	Q3 2025 Held for 2 months	$499.9M
Smith Asset Management Co., LLC RIA/Wealth	Benjamin Larry Smith President	2.05% $2.4M	0.02% 118.9K shares	Q4 2024 Held for 11 months	$117.4M
M Mount Lucas Management LP Hedge Fund•Global Macro	Timothy John Rudderow CEO	1.99% $4.4M	0.03% 217.0K shares	Q1 2023 Held for 2y 8m	$220.9M
G GraniteShares Advisors LLC Institution	William John Grant Rhind CEO	1.97% $3.4M	0.03% 168.0K shares	Q4 2024 Held for 11 months	$172.8M
A Algebris Ltd Institution	-	1.92% $15.4M	0.12% 762.2K shares	Q3 2023 Held for 2y 2m	$799.8M
J JCSD Capital, LLC Hedge Fund•Sector	Daniel Joseph Tachiera CCO	1.80% $1.0M	0.01% 50.0K shares	Q2 2025 Held for 5 months	$56.3M
C Clarity Financial LLC Institution	-	1.72% $17.3M	0.13% 857.3K shares	Q3 2024 Held for 1y 2m	$1.0B

Hedge Fund Spotlight

Discover hedge funds investing in NLY

Mount Lucas Management LP

Hedge Fund • Global Macro

Portfolio ManagerTimothy John Rudderow

Portfolio Value: $220.9M
Positions: 157
Last Reported: Q3 2025

Sector Allocation

Position in Annaly Capital Management

Market Value: $4.4M
Shares Held: 217.0K
Portfolio Weight: 1.99%
Owned Since: 2023-Q1

Top Holding	Sector	Market Value	Weight
1 Invesco QQQ Trust QQQ	ETF ETF	$28.7M	13.01%
2 AGNC Investment Corp. AGNC	REIT - Mortgage Real Estate	$4.5M	2.03%
3 Annaly Capital Management NLY	REIT - Mortgage Real Estate	$4.4M	1.99%