NNN REIT, Inc.
MX ˙ BMV ˙ US6374171063
SecurityMX:NNN / NNN REIT, Inc.
InstitutionVictory Capital Management Inc
Latest Disclosed Ownership8,351,366 shares
Ownership 4.39%
Victory Capital Management Inc ownership in NNN / NNN REIT, Inc.

2026-05-12 - Victory Capital Management Inc has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 8,351,366 shares of NNN REIT, Inc. (MX:NNN). This represents 4.39 percent ownership of the company. In their previous filing dated 2025-10-28 , Victory Capital Management Inc had reported owning 9,754,456 shares, indicating a decrease of -14.38 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2026-05-12 2026-05-12 13G/A 9,754,456 8,351,366 -14.38 4.39 -15.09
2025-10-28 2025-10-28 13G 9,267,434 9,754,456 5.26 5.17 4.87
2025-08-08 2025-08-08 13G/A 12,284,444 9,267,434 -24.56 4.93 -26.31
2024-11-07 2024-11-07 13G 10,708,793 12,284,444 14.71 6.69
2024-02-07 2024-02-07 13G 10,708,793

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

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)
2026-05-15 2026-03-31 13F NNN REIT COM 637417106 8,318,682 -1,175,508 -12.38 349,634 -7.08 0.1679
2026-02-13 2025-12-31 13F NNN REIT COM 637417106 9,494,190 -382,557 -3.87 376,255 -10.51 0.2123
2025-11-12 2025-09-30 13F NNN REIT REIT 637417106 9,876,747 407,317 4.30 420,453 2.83 0.2459
2025-08-13 2025-06-30 13F NNN REIT COM 637417106 9,469,430 -854,405 -8.28 408,890 -7.14 0.2637
2025-05-02 2025-03-31 13F NNN REIT COM 637417106 10,323,835 -1,374,741 -11.75 440,312 -7.86 0.4505
2025-02-06 2024-12-31 13F NNN REIT COM 637417106 11,698,576 -585,868 -4.77 477,887 -19.77 0.4697
2024-11-05 2024-09-30 13F NNN REIT COM 637417106 12,284,444 -586,710 -4.56 595,673 8.64 0.5738
2024-08-05 2024-06-30 13F NNN REIT COM 637417106 12,871,154 -82,971 -0.64 548,311 -0.97 0.5497
2024-05-03 2024-03-31 13F NNN REIT COM 637417106 12,954,125 2,245,332 20.97 553,659 19.96 0.5405
2024-02-05 2023-12-31 13F NNN REIT COM 637417106 10,708,793 233,489 2.23 461,549 24.68 0.4855
2023-11-06 2023-09-30 13F NNN REIT COM 637417106 10,475,304 176,573 1.71 370,197 -15.99 0.4255
2023-07-27 2023-06-30 13F NNN REIT COM 637417106 10,298,731 1,752,496 20.51 440,683 16.79 0.4846
2023-05-02 2023-03-31 13F NATIONAL RETAIL PROPERTIES I COM 637417106 8,546,235 -49,528 -0.58 377,316 -4.07 0.4238
2023-04-25 2022-12-31 13F/A-3 NATIONAL RETAIL PROPERTIES I COM 637417106 8,595,763 43,368 0.51 393,342 15.38 0.4526
2023-03-10 2022-12-31 13F/A-2 NATIONAL RETAIL PROPERTIES I COM 637417106 8,595,763 43,368 393,342 0.4294
2023-02-10 2022-12-31 13F/A-1 NATIONAL RETAIL PROPERTIES I COM 637417106 8,595,763 43,368 393,342 0.0003
2023-02-09 2022-12-31 13F NATIONAL RETAIL PROPERTIES I COM 637417106 8,595,584 43,189 393,702 0.2674
2022-11-02 2022-09-30 13F NATIONAL RETAIL PROPERTIES I COM 637417106 8,552,395 744,826 9.54 340,899 1.54 0.3978
2022-08-01 2022-06-30 13F NATIONAL RETAIL PROPERTIES I COM 637417106 7,807,569 -133,223 -1.68 335,726 -5.86 0.3825
2022-05-04 2022-03-31 13F NATIONAL RETAIL PROPERTIES I COM 637417106 7,940,792 831,002 11.69 356,634 4.35 0.3568
2022-02-07 2021-12-31 13F NATIONAL RETAIL PROPERTIES I COM 637417106 7,109,790 709,779 11.09 341,768 23.64 0.3144
2021-11-02 2021-09-30 13F NATIONAL RETAIL PROPERTIES I COM 637417106 6,400,011 1,377,056 27.42 276,416 17.39 0.2707
2021-08-03 2021-06-30 13F NATIONAL RETAIL PROPERTIES I COM 637417106 5,022,955 -43,045 -0.85 235,477 5.47 0.2261
2021-05-04 2021-03-31 13F NATIONAL RETAIL PROPERTIES I COM 637417106 5,066,000 -246,321 -4.64 223,259 2.70 0.2288
2021-02-01 2020-12-31 13F NATIONAL RETAIL PROPERTIES I COM 637417106 5,312,321 1,102,924 26.20 217,379 49.64 0.2422
2020-11-09 2020-09-30 13F NATIONAL RETAIL PROPERTIES I COM 637417106 4,209,397 -585,834 -12.22 145,265 -14.62 0.1865
2020-08-07 2020-06-30 13F NATIONAL RETAIL PROPERTIES I REIT 637417106 4,795,231 865,595 22.03 170,136 34.50 0.2304
2020-05-12 2020-03-31 13F/A-1 NATIONAL RETAIL PROPERTIES I REIT 637417106 3,929,636 760,507 24.00 126,495 -25.56 0.2121
2020-05-04 2020-03-31 13F NATIONAL RETAIL PROPERTIES I REIT 637417106 3,929,636 760,507 126,495 138,435.9235
2020-02-06 2019-12-31 13F/A-1 NATIONAL RETAIL PPTYS COM 637417106 3,169,129 338,686 11.97 169,928 6.45 0.2063
2020-02-04 2019-12-31 13F NATIONAL RETAIL PPTYS COM 637417106 3,327,229 496,786 186,325 223,346.0347
2019-11-12 2019-09-30 13F NATIONAL RETAIL PPTYS COM 637417106 2,830,443 39,590 1.42 159,637 7.91 0.2054
2019-08-15 2019-06-30 13F NATIONAL RETAIL PPTYS COM 637417106 2,790,853 -122,600 -4.21 147,942 -8.33 0.2984
2019-05-03 2019-03-31 13F NATIONAL RETAIL PPTYS COM 637417106 2,913,453 -3,315,275 -53.23 161,377 -46.59 0.3671
2019-05-02 2018-12-31 13F/A-1 NATIONAL RETAIL PPTYS COM 637417106 6,228,728 -1,443,389 -18.81 302,156 -12.13 0.7585
2019-02-05 2018-12-31 13F NATIONAL RETAIL PPTYS COM 637417106 6,228,728 -1,443,389 302,156
2018-11-01 2018-09-30 13F NATIONAL RETAIL PPTYS COM 637417106 7,672,117 1,064,266 16.11 343,864 18.38 0.7095
2018-08-02 2018-06-30 13F NATIONAL RETAIL PPTYS COM 637417106 6,607,851 1,282,200 24.08 290,482 38.93 0.6181
2018-05-04 2018-03-31 13F NATIONAL RETAIL PPTYS COM 637417106 5,325,651 767,600 16.84 209,085 6.36 0.4561
2018-02-01 2017-12-31 13F NATIONAL RETAIL PPTYS REIT 637417106 4,558,051 532,589 13.23 196,589 17.23 0.4137
2017-10-27 2017-09-30 13F NATIONAL RETAIL PPTYS COM 637417106 4,025,462 114,800 2.94 167,700 9.67 0.3768
2017-08-07 2017-06-30 13F NATIONAL RETAIL PPTYS COM 637417106 3,910,662 1,020,200 35.30 152,907 21.28 0.3579
2017-05-10 2017-03-31 13F NATIONAL RETAIL PPTYS REIT 637417106 2,890,462 848,500 41.55 126,082 39.70 0.3001
2017-02-09 2016-12-31 13F National Retail Properties REIT 637417106 2,041,962 1,322,300 183.74 90,254 146.63 0.2277
2016-11-02 2016-09-30 13F National Retail Properties REIT 637417106 719,662 150,662 26.48 36,595 24.35 0.1025
2016-08-09 2016-06-30 13F National Retail Properties COM 637417106 569,000 112,600 24.67 29,429 39.57 0.1177
2016-05-17 2016-03-31 13F/A-2 National Retail Properties REIT 637417106 456,400 453,588 16,130.44 21,086 18,560.18 0.0871
2016-05-12 2016-03-31 13F/A-1 National Retail Properties COM 637417106 486,900 30,500 22,495 0.0923
2016-05-12 2016-03-31 13F National Retail Properties COM 637417106 486,900 22,495
2016-02-10 2015-12-31 13F NATIONAL RETAIL PROPERTIES I COM 637417106 2,812 1,504 114.98 113 140.43 0.0005
2015-11-06 2015-09-30 13F National Retail Properties COM 637417106 1,308 -185 -12.39 47 -11.32 0.0002
2015-08-14 2015-06-30 13F/A-01 National Retail Properties COM 637417106 1,493 1,493 6,391.30 53 0.00 0.0002
2015-08-07 2015-06-30 13F National Retail Properties COM 637417106 1,493 53
2014-02-12 2013-12-31 13F NATIONAL RETAIL PPTYS Common Stocks 637417809 0 -23 -100.00 0 0.0000
2014-03-12 2013-09-30 13F/A-1 NATIONAL RETAIL PPTYS Common Stocks 637417809 23 23 0 0.0000
2014-03-12 2013-09-30 13F/A-1 NATIONAL RETAIL PPTYS Common Stocks 637417601 26 3 0 0.0000
2013-11-12 2013-09-30 13F NATIONAL RETAIL PPTYS Common Stocks 637417809 23 0
2013-11-12 2013-09-30 13F NATIONAL RETAIL PPTYS Common Stocks 637417601 26 0
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.