Institutional HoldersBeta

Who holds a company, from every 13F filed for the quarter, one row per filer exactly as filed, against the latest share count the company reported.

NEXPOINT DIVERSIFIED REAL ESTATE TRUST

CIK 0001356115NXDTNXDT-PA· quarter ending 2026-06-30

Shares outstanding

53,106,027

as of 2026-08-13 · 10-Q cover page, filed 2026-08-14

Held by 13F filers

27,140,702

51.1% of shares outstanding

Holders

124

-3 vs 2026-03-31 · 10 new, 13 exited

Value

$140.8M

shares +5.4% vs prior quarter

Share classes (cover page of the 10-Q filed 2026-08-14, as of 2026-08-13)

Class	Listed	Shares outstanding	Held by 13F filers	% of class	Holders	CUSIP
Common stock	NXDT · NYSE	53,106,027	27,140,702	51.1%	124	65340G205

Each class is compared with its own share count; classes are not added together. A class that is not exchange-listed cannot be held by 13F filers.

Securities (CUSIPs held in 13F this quarter)

tick to combine

CUSIP	Class (as filers write it)	Holders	Shares held	Class shares	% of class	Value	Options	Mapped via
65340G205	COM NEW	124	27,140,702	53,106,027	51.1%	$140.8M	2 call / 1 put	13DG	holders →
65340G858	PFDnot common	1	$80K principal	—	—	$2.0M	—	prefix	holders →
65340G304	Preferred Stocknot common	1	76,796	—	—	$1.0M	—	13DG	holders →

Totals combine the ticked CUSIPs and update as you tick: common-stock classes by default; preferreds, notes, warrants and depositary shares are listed but not counted. "holders →" shows a single CUSIP on its own. Bonds are held as a principal amount, not shares. Options positions are never counted as holdings. 1 further CUSIPs map to this company (mostly bonds) but no 13F filer held them this quarter.

Top holders (124 of 124 · 65340G205)

change vs 2026-03-31

#	Filer	Shares	% of class	Value	Change
1	NEXPOINT ASSET MANAGEMENT, L.P.	5,481,827	10.32%	$28.5M	+116,717 (+2.2%)
2	RAYMOND JAMES FINANCIAL INC	4,166,954	7.85%	$21.6M	+1,011,612 (+32.1%)
3	BlackRock, Inc.	3,327,599	6.27%	$17.3M	+201,350 (+6.4%)
4	MORGAN STANLEY	2,243,416	4.22%	$11.6M	-288,951 (-11.4%)
5	VANGUARD CAPITAL MANAGEMENT LLC	1,646,158	3.10%	$8.5M	-62,290 (-3.6%)
6	GEODE CAPITAL MANAGEMENT, LLC	1,034,651	1.95%	$5.4M	+34,939 (+3.5%)
7	Cambridge Investment Research Advisors, Inc.	952,422	1.79%	$4.9M	+493,285 (+107.4%)
8	Matisse Capital	923,630	1.74%	$4.8M	+19,790 (+2.2%)
9	TCW GROUP INC	923,518	1.74%	$4.8M	+55,997 (+6.5%)
10	STATE STREET CORP	872,223	1.64%	$4.5M	-30,906 (-3.4%)
11	OPPENHEIMER & CO INC	427,148	0.80%	$2.2M	+65,886 (+18.2%)
12	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	380,625	0.72%	$2.0M	+14,300 (+3.9%)
13	Concorde Asset Management, LLC	303,434	0.57%	$1.6M	+3,114 (+1.0%)
14	NORTHERN TRUST CORP	302,818	0.57%	$1.6M	+6,666 (+2.3%)
15	Bulldog Investors, LLP	300,011	0.56%	$1.6M	+6,894 (+2.4%)
16	VANGUARD FIDUCIARY TRUST CO	275,717	0.52%	$1.4M	+8,097 (+3.0%)
17	Camelot Portfolios, LLC	257,035	0.48%	$1.3M	-1,828 (-0.7%)
18	VANGUARD PORTFOLIO MANAGEMENT LLC	248,044	0.47%	$1.3M	+32,738 (+15.2%)
19	MADDEN SECURITIES Corp	231,714	0.44%	$1.2M	+4,933 (+2.2%)
20	NATIONS FINANCIAL GROUP INC, /IA/ /ADV	185,131	0.35%	$961K	+16,885 (+10.0%)
21	UBS Group AG	138,906	0.26%	$721K	-80,678 (-36.7%)
22	GatePass Capital, LLC	137,508	0.26%	$714K	-3,741 (-2.6%)
23	Bank of New York Mellon Corp	127,175	0.24%	$660K	-13,716 (-9.7%)
24	JANE STREET GROUP, LLC	117,839	0.22%	$612K	-79,047 (-40.1%)
25	Quantinno Capital Management LP	115,704	0.22%	$601K	+45,500 (+64.8%)
26	GOLDMAN SACHS GROUP INC	115,569	0.22%	$600K	-52,309 (-31.2%)
27	Nuveen, LLC	113,184	0.21%	$587K	-159,806 (-58.5%)
28	AQR CAPITAL MANAGEMENT LLC	103,440	0.19%	$537K	+6,992 (+7.2%)
29	Odyssean, LLC	94,837	0.18%	$492K	+2,019 (+2.2%)
30	FULLER & THALER ASSET MANAGEMENT, INC.	92,857	0.17%	$482K	+1,686 (+1.8%)
31	BTG Pactual Asset Management US LLC	69,419	0.13%	$360K	+1,296 (+1.9%)
32	Legacy Wealth Managment, LLC/ID	64,409	0.12%	$334K	+6,962 (+12.1%)
33	WEDBUSH SECURITIES INC	64,310	0.12%	$334K	-16,304 (-20.2%)
34	NOMURA ASSET MANAGEMENT CO LTD	63,229	0.12%	$328K	+1,283 (+2.1%)
35	XTX Topco Ltd	62,599	0.12%	$325K	-8,662 (-12.2%)
36	SMH CAPITAL ADVISORS INC	59,797	0.11%	$310K	+1,344 (+2.3%)
37	Asset Management One Co., Ltd.	58,467	0.11%	$303K	+1,546 (+2.7%)
38	ALLIANCEBERNSTEIN L.P.	53,835	0.10%	$251K	+5,437 (+11.2%)
39	Russell Investments Group, Ltd.	49,883	0.09%	$259K	+30,580 (+158.4%)
40	Susquehanna Portfolio Strategies, LLC	46,986	0.09%	$244K	+1,000 (+2.2%)
41	Invesco Ltd.	46,856	0.09%	$243K	+9,564 (+25.6%)
42	BANK OF AMERICA CORP /DE/	45,698	0.09%	$237K	-12,019 (-20.8%)
43	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	42,548	0.08%	$221K	+759 (+1.8%)
44	CITADEL ADVISORS LLC	39,402	0.07%	$204K	-33,963 (-46.3%)
45	DEUTSCHE BANK AG\	36,514	0.07%	$190K	+8,943 (+32.4%)
46	RHUMBLINE ADVISERS	36,154	0.07%	$188K	+1,671 (+4.8%)
47	Mitsubishi UFJ Asset Management Co., Ltd.	36,088	0.07%	$187K	+828 (+2.3%)
48	Empowered Funds, LLC	35,714	0.07%	$185K	NEW
49	Catalyst Capital Advisors LLC	35,288	0.07%	$183K	+811 (+2.4%)
50	WELLS FARGO & COMPANY/MN	33,306	0.06%	$173K	+15,752 (+89.7%)
51	Sovereign Financial Group, Inc.	33,183	0.06%	$172K	+2,718 (+8.9%)
52	Sumitomo Mitsui Trust Group, Inc.	33,027	0.06%	$171K	-3,180 (-8.8%)
53	PRICE T ROWE ASSOCIATES INC /MD/	32,732	0.06%	$170K	+1,868 (+6.1%)
54	Cetera Investment Advisers	26,941	0.05%	$140K	-648 (-2.3%)
55	MetLife Investment Management, LLC	24,250	0.05%	$126K	+1,072 (+4.6%)
56	ENVESTNET ASSET MANAGEMENT INC	22,089	0.04%	$115K	-2,152 (-8.9%)
57	CALDWELL SUTTER CAPITAL, INC.	20,701	0.04%	$107K	-2 (-0.0%)
58	SEI INVESTMENTS CO	20,647	0.04%	$107K	+474 (+2.3%)
59	State of Alaska, Department of Revenue	18,803	0.04%	$97K	+423 (+2.3%)
60	CITIGROUP INC	16,988	0.03%	$88K	+15,267 (+887.1%)
61	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	16,960	0.03%	$88K	-24 (-0.1%)
62	Resona Asset Management Co.,Ltd.	16,233	0.03%	$84K	+272 (+1.7%)
63	JPMORGAN CHASE & CO	16,215	0.03%	$84K	-1,510 (-8.5%)
64	HighTower Advisors, LLC	15,907	0.03%	$83K	NEW
65	LPL Financial LLC	15,813	0.03%	$82K	+3,736 (+30.9%)
66	Daiwa Securities Group Inc.	15,460	0.03%	$80K	-124 (-0.8%)
67	Vanguard Global Advisers, LLC	14,527	0.03%	$75K	+309 (+2.2%)
68	Burford Brothers, Inc.	13,163	0.02%	$68K	-6,394 (-32.7%)
69	Police & Firemen's Retirement System of New Jersey	13,119	0.02%	$68K	—
70	FMR LLC	12,886	0.02%	$67K	+922 (+7.7%)
71	Capital Investment Advisors, LLC	12,613	0.02%	$65K	-610 (-4.6%)
72	NEUBERGER BERMAN GROUP LLC	11,365	0.02%	$59K	-3,074 (-21.3%)
73	Copley Financial Group, Inc.	10,656	0.02%	$55K	+226 (+2.2%)
74	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	10,327	0.02%	$54K	NEW
75	STRS OHIO	7,897	0.01%	$41K	+252 (+3.3%)
76	HARBOUR INVESTMENTS, INC.	7,892	0.01%	$41K	+244 (+3.2%)
77	BNP PARIBAS FINANCIAL MARKETS	6,592	0.01%	$34K	-2,152 (-24.6%)
78	NEW YORK STATE COMMON RETIREMENT FUND	5,677	0.01%	$29K	+120 (+2.2%)
79	Tower Research Capital LLC (TRC)	5,668	0.01%	$29K	+2,098 (+58.8%)
80	BARCLAYS PLC	5,565	0.01%	$29K	-1,817 (-24.6%)
81	IFP Advisors, Inc	4,801	0.01%	$25K	-6 (-0.1%)
82	OSAIC HOLDINGS, INC.	3,847	0.01%	$20K	+2,126 (+123.5%)
83	PNC Financial Services Group, Inc.	3,807	0.01%	$20K	-77 (-2.0%)
84	Legal & General Group Plc	3,260	0.01%	$17K	+74 (+2.3%)
85	Ameritas Investment Partners, Inc.	3,160	0.01%	$16K	+71 (+2.3%)
86	Arax Advisory Partners	3,081	0.01%	$16K	+2,554 (+484.6%)
87	ROYAL BANK OF CANADA	1,922	0.00%	$10K	+1,579 (+460.3%)
88	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	1,441	0.00%	$7K	NEW
89	GAMMA Investing LLC	1,396	0.00%	$7K	+678 (+94.4%)
90	Pinnacle Wealth Planning Services, Inc.	1,314	0.00%	$7K	+27 (+2.1%)
91	Versant Capital Management, Inc	1,190	0.00%	$6K	+56 (+4.9%)
92	Rockefeller Capital Management L.P.	973	0.00%	$5K	-2,560 (-72.5%)
93	Financial Gravity Companies, Inc.	698	0.00%	$4K	NEW
94	Sterling Capital Management LLC	685	0.00%	$4K	-605 (-46.9%)
95	NewEdge Advisors, LLC	663	0.00%	$3K	+56 (+9.2%)
96	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	507	0.00%	$3K	-1,498 (-74.7%)
97	Optiver Holding B.V.	390	0.00%	$2K	+12 (+3.2%)
98	NISA INVESTMENT ADVISORS, LLC	356	0.00%	$2K	-3,945 (-91.7%)
99	Thomas J. Herzfeld Advisors, Inc.	285	0.00%	$1K	—
100	Essential Partners LLC	244	0.00%	$1K	-51 (-17.3%)
101	United Financial Planning Group LLC	217	0.00%	$1K	NEW
102	Covestor Ltd	207	0.00%	$1K	+12 (+6.2%)
103	Farther Finance Advisors, LLC	145	0.00%	$753	+130 (+866.7%)
104	Allworth Financial LP	137	0.00%	$712	+39 (+39.8%)
105	EverSource Wealth Advisors, LLC	129	0.00%	$670	-25 (-16.2%)
106	NATIONAL BANK OF CANADA /FI/	62	0.00%	$322	—
107	ROTHSCHILD INVESTMENT LLC	50	0.00%	$260	+8 (+19.0%)
108	DHJJ Financial Advisors, Ltd.	35	0.00%	$182	—
109	AdvisorNet Financial, Inc	31	0.00%	$161	—
110	Colonial Trust Advisors	31	0.00%	$161	—
111	Transamerica Financial Advisors, LLC	26	0.00%	$134	—
112	Westside Investment Management, Inc.	23	0.00%	$119	NEW
113	Asset Dedication, LLC	22	0.00%	$113	—
114	True Wealth Design, LLC	16	0.00%	$84	+8 (+100.0%)
115	Ameritas Advisory Services, LLC	13	0.00%	$69	NEW
116	SHP Wealth Management	12	0.00%	$62	—
117	SJS Investment Consulting Inc.	9	0.00%	$47	+8 (+800.0%)
118	Basecamp Wealth Advisors LLC	8	0.00%	$42	+5 (+166.7%)
119	Caitong International Asset Management Co., Ltd	5	0.00%	$26	+3 (+150.0%)
120	Fortitude Family Office, LLC	5	0.00%	$26	NEW
121	Smartleaf Asset Management LLC	3	0.00%	$16	—
122	Cornerstone Planning Group LLC	2	0.00%	$11	—
123	Dunhill Financial, LLC	1	0.00%	$6	—
124	JPL Wealth Management, LLC	1	0.00%	$6	NEW

Exited since 2026-03-31 (13 filers; largest 13 shown)

COMMONWEALTH EQUITY SERVICES, LLC	−13,704
IHT Wealth Management, LLC	−12,848
SUSQUEHANNA INTERNATIONAL GROUP, LLP	−12,027
MANUFACTURERS LIFE INSURANCE COMPANY, THE	−10,195
CWM, LLC	−6,469
Oakum Bay Capital LLC	−4,000
Avion Wealth	−1,573
Financial Gravity Asset Management, Inc.	−684
Anfield Capital Management, LLC	−636
Mountain Hill Investment Partners Corp.	−260
MAI Capital Management	−54
Sunbelt Securities, Inc.	−1
Annis Gardner Whiting Capital Advisors, LLC	−1

Large holders from 13D/13G (latest per reporting person, last 2 years)

Filed when a holder crosses 5% or changes materially, so often more current than the quarter-end 13F. Percentages are the filer's own, against the share count they used.

Reporting person	Form	Filed	Event	Shares	% of class
Morgan Stanley	SCHEDULE 13G/A	2026-08-12	2026-06-30	2,220,969	4.3%
Morgan Stanley Smith Barney LLC	SCHEDULE 13G/A	2026-08-12	2026-06-30	2,171,941	4.2%
The Vanguard Group	SCHEDULE 13G/A	2026-01-30	2025-12-31	2,184,062	4.45%
DONDERO JAMES D	SCHEDULE 13D/A	2026-01-21	2026-01-16	12,093,550.44	24%
DONDERO NANCY MARIE	SCHEDULE 13D/A	2026-01-21	2026-01-16	1,474,875.86	2.9%

Source: SEC Form 13F-HR information tables for the quarter ending 2026-06-30 (filed within 45 days of quarter end; amendments applied; values normalised to dollars), the share count from the company's latest 10-K/10-Q XBRL cover page, and Schedule 13D/13G filings. Each row is a legal 13F filer as filed — related entities (e.g. Vanguard's advisers) are not merged. Retail brokerage accounts are not reported on 13F, so the remainder is mostly retail and insiders.