NNN REIT, Inc.
MX ˙ BMV ˙ US6374171063
SecurityMX:NNN / NNN REIT, Inc.
InstitutionTwo Sigma Advisers, Lp
Latest Disclosed Ownership108,900 shares
Latest Disclosed Value $ 4,315,707
Two Sigma Advisers, Lp reports 346.31% increase in ownership of NNN / NNN REIT, Inc.

On February 17, 2026 - Two Sigma Advisers, Lp filed a 13F-HR form disclosing ownership of 108,900 shares of NNN REIT, Inc. (MX:NNN) valued at $4,315,707 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 24,400 shares of NNN REIT, Inc.. This represents a change in shares of 346.31% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-17 2025-12-31 13F NNN REIT COM 637417106 108,900 84,500 346.31 4,316 315.70 0.0084
2025-11-14 2025-09-30 13F NNN REIT COM 637417106 24,400 -582,500 -95.98 1,039 -96.04 0.0021
2025-08-14 2025-06-30 13F NNN REIT COM 637417106 606,900 50,200 9.02 26,206 10.37 0.0537
2025-05-15 2025-03-31 13F NNN REIT COM 637417106 556,700 136,900 32.61 23,743 38.46 0.0535
2025-02-14 2024-12-31 13F NNN REIT COM 637417106 419,800 135,300 47.56 17,149 24.31 0.0397
2024-11-14 2024-09-30 13F NNN REIT COM 637417106 284,500 42,900 17.76 13,795 34.04 0.0323
2024-08-14 2024-06-30 13F NNN REIT COM 637417106 241,600 196,200 432.16 10,292 430.52 0.0229
2024-05-15 2024-03-31 13F NNN REIT COM 637417106 45,400 40,200 773.08 1,940 766.07 0.0045
2024-02-14 2023-12-31 13F NNN REIT COM 637417106 5,200 5,200 224 0.0005
2023-11-14 2023-09-30 13F NNN REIT COM 637417106 0 -45,900 -100.00 0 -100.00
2023-08-14 2023-06-30 13F NNN REIT COM 637417106 45,900 -277,500 -85.81 1,964 -86.24 0.0050
2023-05-15 2023-03-31 13F NATIONAL RETAIL PROPERTIES I COM 637417106 323,400 58,800 22.22 14,278 17.92 0.0368
2023-02-14 2022-12-31 13F NATIONAL RETAIL PROPERTIES I COM 637417106 264,600 -234,300 -46.96 12,108 -39.11 0.0338
2022-11-14 2022-09-30 13F NATIONAL RETAIL PROPERTIES I COM 637417106 498,900 300,500 151.46 19,886 133.10 0.0576
2022-08-15 2022-06-30 13F NATIONAL RETAIL PROPERTIES I COM 637417106 198,400 198,400 8,531 0.0242
2022-02-14 2021-12-31 13F NATIONAL RETAIL PROPERTIES I COM 637417106 0 -7,400 -100.00 0 -100.00
2021-11-15 2021-09-30 13F NATIONAL RETAIL PROPERTIES I COM 637417106 7,400 -121,700 -94.27 320 -94.71 0.0008
2021-08-16 2021-06-30 13F NATIONAL RETAIL PROPERTIES I COM 637417106 129,100 -147,900 -53.39 6,052 -50.42 0.0160
2021-05-17 2021-03-31 13F NATIONAL RETAIL PROPERTIES I COM 637417106 277,000 -181,000 -39.52 12,207 -34.86 0.0335
2021-02-16 2020-12-31 13F NATIONAL RETAIL PROPERTIES I COM 637417106 458,000 -58,600 -11.34 18,741 5.12 0.0501
2020-11-16 2020-09-30 13F NATIONAL RETAIL PROPERTIES I COM 637417106 516,600 -47,400 -8.40 17,828 -10.91 0.0509
2020-09-15 2020-06-30 13F/A-1 NATIONAL RETAIL PROPERTIES I COM 637417106 564,000 55,700 10.96 20,011 22.30 0.0588
2020-08-14 2020-06-30 13F NATIONAL RETAIL PROPERTIES I COM 637417106 564,000 55,700 20,011 57,825.1441
2020-05-15 2020-03-31 13F NATIONAL RETAIL PROPERTIES I COM 637417106 508,300 198,900 64.29 16,362 -1.37 0.0626
2020-02-14 2019-12-31 13F NATIONAL RETAIL PPTYS COM 637417106 309,400 302,300 4,257.75 16,590 4,047.50 0.0385
2019-11-14 2019-09-30 13F NATIONAL RETAIL PPTYS COM 637417106 7,100 7,100 400 0.0010
2018-11-14 2018-09-30 13F NATIONAL RETAIL PPTYS COM 637417106 0 -94,300 -100.00 0 -100.00
2018-08-14 2018-06-30 13F NATIONAL RETAIL PPTYS COM 637417106 94,300 86,600 1,124.68 4,145 1,272.52 0.0111
2018-05-15 2018-03-31 13F NATIONAL RETAIL PPTYS COM 637417106 7,700 7,700 302 0.0008
2018-02-14 2017-12-31 13F NATIONAL RETAIL PPTYS COM 637417106 0 -135,300 -100.00 0 -100.00
2017-11-14 2017-09-30 13F NATIONAL RETAIL PPTYS COM 637417106 135,300 -284,574 -67.78 5,637 -65.66 0.0160
2017-08-14 2017-06-30 13F NATIONAL RETAIL PPTYS COM 637417106 419,874 188,338 81.34 16,417 62.54 0.0542
2017-05-15 2017-03-31 13F NATIONAL RETAIL PPTYS COM 637417106 231,536 151,936 190.87 10,100 187.09 0.0331
2017-02-14 2016-12-31 13F NATIONAL RETAIL PPTYS COM 637417106 79,600 -198,600 -71.39 3,518 -75.13 0.0135
2016-11-14 2016-09-30 13F NATIONAL RETAIL PPTYS COM 637417106 278,200 73,600 35.97 14,146 33.68 0.0603
2016-08-15 2016-06-30 13F NATIONAL RETAIL PPTYS COM 637417106 204,600 115,749 130.27 10,582 157.78 0.0538
2016-05-16 2016-03-31 13F NATIONAL RETAIL PPTYS COM 637417106 88,851 88,851 4,105 0.0230
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.