Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Broadstone Net Lease Inc (BNL)

375 + Investors. Track Smart Money conviction in BNL. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +30
Streak
7Q ▲
Buyers last Q
61%

Smart Money Signals — BNL

Based on 378 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 7 quarters in a row

last 6Q
For 7 consecutive quarters, more hedge funds added BNL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
378 hedge funds hold BNL right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +19% more funds vs a year ago

fund count last 6Q
+60 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 61% buying

220 buying141 selling
Last quarter: 220 funds were net buyers (72 opened a brand new position + 148 added to an existing one). Only 141 were sellers (99 trimmed + 42 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+26 vs last Q)

new funds entering per quarter
Funds opening a new BNL position: 41 → 56 → 46 → 72. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 19% medium ■ 24% new
215 out of 378 hedge funds have held BNL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +57% but shares only +33% — price-driven

Value
+57%
Shares
+33%
Last quarter: the total dollar value of institutional holdings rose +57%, but actual share count only changed +33%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

38 → 41 → 56 → 46 → 72 new funds/Q
New funds entering each quarter: 41 → 56 → 46 → 72. A growing number of institutions are discovering BNL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 61% veterans vs 26% newcomers

■ 61% veterans ■ 13% 1-2yr ■ 26% new
Entry-cohort mix of 379 holders: 232 (61%) are 2+ year veterans, 50 entered 1–2 years ago, and 97 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 52% AUM from top-100 funds

52% from top-100 AUM funds
58 of 376 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in BNL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BNL

In 2026 Q2, 220 hedge funds were net buyers of BNL (72 opened a new position, 148 added to an existing one), while 141 reduced or exited (99 trimmed, 42 sold completely) — a 61% buyer ratio, indicating clear institutional accumulation. This marks 7 consecutive quarters of net institutional buying — a persistent conviction signal. 52% of total institutional value in BNL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +30 funds (more new holders than closures). Total institutional holders: 378.

Hedge Fund Ownership: BNL

How many hedge funds hold BNL — quarterly history vs. share price
Quarterly hedge fund ownership of BNL vs. share price

Market Analysis: BNL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BNL

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Broadstone Net Lease Inc (BNL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BNL has moved relative to its sector benchmark (XLRE) since the 2026 Q3 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End September 30, 2026 · 46d ago
BNL
-4.9%
XLRE
+8.5%

BNL outperformed XLRE by -13.4% since September 30, 2026.

Since 13F Filing Date November 14, 2026 · 1d ago
BNL
+0.0%
XLRE
+0.0%

Since the filing became public, BNL outperformed XLRE by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

17 top-rated funds 1 high-conviction
Consensus
5.5
/ 10
breadth
×
Elite
1.9
/ 10
conviction
Hedge Fund Positioning: BNL
2026 Q3 Stats Unlock in 4 days 375 + Investors

Track Smart Money conviction in BNL. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 375 348 7.76%
13F Shares 193M 145M 33.26%
Total Value $4.02B $2.56B 57.12%
New Positions 72 46 +26
Increased Positions 145 124 +21
Closed Positions 43 43 -
Reduced Positions 100 119 -19
Total Calls 3 3 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BNL

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q3)

375 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BNL. Verified SEC 13F-HR filings.

QUARTER:
2026 Q3 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 BNL holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Aew Capital Management Inc 3.81% 3,207,298 $59.3M
2 Aew Capital Management L P 3.81% 3,207,298 $59.3M
3 New England Private Wealth Advisors LLC 2.80% 1,584,267 $29.3M
4 Post Resch Tallon Group Inc. 2.60% 204,881 $3.8M
5 Prairiewood Capital, LLC 2.00% 427,964 $7.9M
6 Hazelview Securities Inc. 1.99% 720,830 $13.3M
7 GSI Capital Advisors LLC 1.93% 349,085 $6.5M
8 Columbus Macro, LLC 1.50% 836,598 $15.5M
9 Promethium Advisors,LLC 1.44% 155,540 $2.9M
10 Tritonpoint Wealth, LLC 1.11% 603,955 $11.2M
11 Mycio Wealth Partners, LLC 1.06% 292,935 $5.4M
12 TritonPoint Partners, LLC 0.83% 256,183 $4.8M
13 Miller Global Investments, LLC 0.81% 54,603 $1.0M
14 Canandaigua National Trust Co of Florida 0.68% 66,256 $1.2M
15 Centersquare Investment Management LLC 0.58% 3,516,133 $65.0M
16 Split Creek LLC DBA Split Creek Capital LLC 0.54% 29,129 $506K
17 Cooper/Haims Advisors, LLC 0.51% 62,923 $1.2M
18 Dean Investment Associates, LLC 0.45% 174,705 $3.2M
19 DecisionMap Wealth Management, LLC 0.42% 41,074 $760K
20 MQS Management LLC 0.34% 31,784 $588K
21 Indivisible Partners 0.31% 364,085 $6.7M
22 Cbre Investment Management Listed Real Assets LLC 0.30% 1,078,202 $19.9M
23 Fund Advisors of America Inc/FL 0.27% 17,578 $325K
24 Apollon Wealth Management, LLC 0.20% 954,932 $17.7M
25 Armbruster Capital Management, Inc. 0.20% 70,554 $1.3M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

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Frequently Asked Questions — Broadstone Net Lease Inc (BNL)

What does the Smart Money Trend signal show for BNL?

Buying streak — 7 quarters in a row: For 7 consecutive quarters, more hedge funds added BNL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BNL?

More buyers than sellers — 61% buying: Last quarter: 220 funds were net buyers (72 opened a brand new position + 148 added to an existing one). Only 141 were sellers (99 trimmed + 42 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BNL holders?

Elite ownership — 52% AUM from top-100 funds: 58 of 376 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in BNL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BNL?

57% of holders stayed for 2+ years: 215 out of 378 hedge funds have held BNL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Broadstone Net Lease Inc (BNL) following the 2026 Q3 hedge fund 13F filings?

As of today, BNL has moved +0.0% since the 2026 Q3 13F filing date (November 14, 2026), compared to +0.0% for the XLRE sector ETF — an outperformance of +0.0%. Since the quarter end (September 30, 2026), BNL has gained -4.9% vs +8.5% for XLRE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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