Monitor for any future conversion to Schedule 13D (activist intent) or significant stake changes by Millennium. The passive 13G filing combined with NETSTREIT's solid Q3 earnings and reiterated guidance suggests no near-term catalyst from this filer.
Price Chart
Executive Summary
Millennium Management LLC filed an amended Schedule 13G disclosing a 3.1% passive stake in NETSTREIT Corp. as of September 30, 2026, representing 3,932,143 shares. The filing is a routine passive ownership update with no change in investment intent, filed one day after the company reported solid Q3 2026 results with AFFO per share of $0.35 (up 6.1% YoY) and reiterated full-year guidance.
Key Financial Metrics
Key Facts
- Millennium Management LLC reported beneficial ownership of 3,932,143 shares of NETSTREIT common stock, representing 3.1% of shares outstanding.
- The filing is an amendment to Schedule 13G under Rule 13d-1(c), confirming a passive investment intent with no control purpose.
- The filing date (October 22, 2026) follows NETSTREIT's Q3 2026 earnings release on October 21, 2026, which showed AFFO per share of $0.35 (up 6.1% YoY) and maintained 2026 AFFO guidance of $1.37-$1.39 per share.
- NETSTREIT reported strong Q3 investment activity of $273.1 million at a 7.4% blended cash yield and secured $550.0 million in additional financing commitments.
Financial Impact
No material financial impact from this filing. Millennium's 3.1% passive stake is a routine disclosure with no change in ownership intent.
Risk Factors
- Millennium could convert to an activist 13D filer in the future, though no such intent is indicated.
- NETSTREIT's forward equity overhang (15.9 million unsettled shares) could dilute existing holders.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0001104659-26-118217 |
| Document: 0001104659-26-118217-index-headers.html | 0001104659-26-118217 |
| Document: 0001104659-26-118217-index.html | 0001104659-26-118217 |
| Document: 0001104659-26-118217.txt | 0001104659-26-118217 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | SC 13G/A | $17.02 | awaiting T+1 | — | $17.50 (+2.85%) |
Oct 21, 2026 4d ago | 8-K | $17.02 $17.35 | ▲ +1.94% | ▲ +2.46% | $17.50 (+2.85%) |
Oct 21, 2026 4d ago | 8-K | $17.02 $17.35 | ▲ +1.94% | ▲ +2.46% | $17.50 (+2.85%) |
Oct 2, 2026 24d ago | 8-K | $17.52 $17.44 | ▼ −0.46% | ▼ −1.13% | $17.50 (−0.09%) |
Sep 3, 2026 7w ago | 8-K | $20.09 $20.22 | ▲ +0.65% | ▲ +1.20% | $17.50 (−12.87%) |
Jun 16, 2026 18w ago | 8-K | $20.02 $19.45 | ▼ −2.85% | ▼ −1.60% | $17.50 (−12.56%) |
Jun 2, 2026 20w ago | 8-K | $19.96 $19.63 | ▼ −1.65% | ▼ −0.93% | $17.50 (−12.30%) |
May 5, 2026 24w ago | 8-K | $20.32 $20.57 | ▲ +1.23% | ▼ −0.15% | $17.50 (−13.85%) |
Apr 23, 2026 26w ago | 144 | $20.56 $20.50 | ▼ −0.29% | ▼ −0.46% | $17.50 (−14.86%) |
Apr 21, 2026 26w ago | 424B5 | $20.85 $20.75 | ▼ −0.48% | ▼ −0.09% | $17.50 (−16.04%) |
US Market Status
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