NL INDS INC NL
COM NEW · Common Stock · CUSIP 629156407
American lead smelting company
- SectorMaterials
- IndustryIndustrial Inorganic Chemicals
- HeadquartersDallas, TX
- Founded1993
- Websitenl-ind.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.3m this quarter). Holder counts are more reliable. Shares outstanding: 48.9m as of 2026-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $5.95. Options: 2 managers hold calls ($141.6k notional), 3 hold puts ($232.1k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 63 |
| Q4 2022 | 60 |
| Q1 2023 | 56 |
| Q2 2023 | 57 |
| Q3 2023 | 56 |
| Q4 2023 | 54 |
| Q1 2024 | 57 |
| Q2 2024 | 67 |
| Q3 2024 | 68 |
| Q4 2024 | 67 |
| Q1 2025 | 69 |
| Q2 2025 | 74 |
| Q3 2025 | 71 |
| Q4 2025 | 70 |
| Q1 2026 | 75 |
| Q2 2026 | 80 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 29 | 20 |
| Q4 2024 | 31 | 20 |
| Q1 2025 | 25 | 23 |
| Q2 2025 | 30 | 33 |
| Q3 2025 | 28 | 33 |
| Q4 2025 | 30 | 31 |
| Q1 2026 | 32 | 31 |
| Q2 2026 | 48 | 26 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $18.4k | $336.4k | 18.23 |
| Q4 2025 | $1.1k | $298.7k | 273.00 |
| Q1 2026 | $127.1k | $1.2k | 0.01 |
| Q2 2026 | $141.6k | $232.1k | 1.64 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +237.7k |
| Squarepoint Ops LLC | Added | +33.8k |
| PANAGORA ASSET MANAGEMENT INC | New | +27.0k |
| Byrne Asset Management LLC | New | +24.1k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +20.2k |
| AQR CAPITAL MANAGEMENT LLC | New | +16.1k |
| JANE STREET GROUP, LLC | New | +15.8k |
| LEVIN CAPITAL STRATEGIES, L.P. | New | +11.8k |
| MORGAN STANLEY | Added | +11.8k |
| CITADEL ADVISORS LLC | New | +11.7k |
Biggest sellers
| Aristides Capital LLC | Reduced | -104.1k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -90.6k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -31.0k |
| Empowered Funds, LLC | Reduced | -15.0k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Reduced | -15.0k |
| GOLDMAN SACHS GROUP INC | Reduced | -10.8k |
| PRELUDE CAPITAL MANAGEMENT, LLC | Sold out | -10.8k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | Sold out | -10.4k |
| BANK OF AMERICA CORP /DE/ | Sold out | -10.1k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -7.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $131.5k22.1k shares |
| GROUP ONE TRADING LLC | Added | $10.1k1.7k shares |
Biggest puts
| CITADEL ADVISORS LLC | New | $162.4k27.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $68.4k11.5k shares |
| GROUP ONE TRADING LLC | Unchanged | $1.2k200 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 2 | $91.0k | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 2.1m $12.2m | Reduced -31.0k |
| BlackRock, Inc. 0.00% of their portfolio | 540.1k $3.2m | Added +10.4k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 325.0k $1.9m | Added +3.8k |
| Aristides Capital LLC 0.48% of their portfolio | 313.0k $1.9m | Reduced -104.1k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 311.0k $1.9m | Reduced -15.0k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 258.0k $1.5m | Added +237.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 217.4k $1.3m | Reduced -7.1k |
| Empowered Funds, LLC 0.01% of their portfolio | 217.1k $1.3m | Reduced -15.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 182.7k $1.1m | Added +20.2k |
| STATE STREET CORP 0.00% of their portfolio | 133.8k $796.0k | Added +56 |
| SEGALL BRYANT & HAMILL, LLC 0.01% of their portfolio | 93.2k $554.6k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 85.0k $505.6k | Added +2.9k |
| MORGAN STANLEY 0.00% of their portfolio | 82.9k $493.4k | Added +11.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 66.5k $395.8k | Added +1.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 59.7k $355.4k | Reduced -10.8k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 58.4k $347.6k | Added +8.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 55.9k $332.8k | Added +7.4k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 50.9k $302.6k | Added +585 |
| Squarepoint Ops LLC 0.00% of their portfolio | 48.4k $287.8k | Added +33.8k |
| GSA CAPITAL PARTNERS LLP 0.02% of their portfolio | 40.2k $239.0k | Added +1.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 27.8k $165.6k | Reduced -5.2k |
| PANAGORA ASSET MANAGEMENT INC 0.00% of their portfolio | 27.0k $160.9k | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 25.3k $150.7k | Added +87 |
| Byrne Asset Management LLC 0.08% of their portfolio | 24.1k $143.4k | New |
| MONEY CONCEPTS CAPITAL CORP 0.00% of their portfolio | 16.2k $96.3k | Added +458 |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 16.1k $95.9k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 15.8k $94.1k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 14.1k $83.7k | Added +299 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 12.8k $76.5k | Added +11.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 12.5k $74.4k | Reduced -90.6k |
| LEVIN CAPITAL STRATEGIES, L.P. 0.00% of their portfolio | 11.8k $70.2k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 11.7k $69.7k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 11.5k $66.8k | Added +1.2k |
| XTX Topco Ltd 0.00% of their portfolio | 11.4k $67.8k | New |
| Nuveen, LLC 0.00% of their portfolio | 10.1k $60.1k | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 8.3k $49.4k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 7.1k $42.4k | Added +3.9k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 7.1k $42.3k | Added +5.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 6.3k $37.3k | Unchanged |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 5.8k $34.0k | Reduced -436 |
| UBS Group AG 0.00% of their portfolio | 5.6k $33.5k | Reduced -3.4k |
| Founders Capital Management 0.01% of their portfolio | 5.0k $29.8k | Unchanged |
| FMR LLC 0.00% of their portfolio | 4.3k $25.7k | Added +114 |
| BARCLAYS PLC 0.00% of their portfolio | 4.1k $24.4k | Added +1.5k |
| CITIGROUP INC 0.00% of their portfolio | 3.9k $23.4k | Added +3.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 3.9k $23.3k | Reduced -376 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.8k $23.4k | Reduced -306 |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 3.5k $20.9k | Unchanged |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 3.3k $19.4k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 3.2k $18.7k | Reduced -1.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 3.1k $19.0k | Added +2.6k |
| Institute for Wealth Management, LLC. 0.00% of their portfolio | 2.2k $13.1k | New |
| IFP Advisors, Inc 0.00% of their portfolio | 1.8k $10.6k | Added +16 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 1.5k $8.7k | Unchanged |
| Global Retirement Partners, LLC 0.00% of their portfolio | 890 $5.3k | First filing |
| Legal & General Group Plc 0.00% of their portfolio | 723 $4.3k | Unchanged |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 532 $3.2k | Unchanged |
| Hilltop National Bank 0.00% of their portfolio | 473 $2.8k | Unchanged |
| HARBOR CAPITAL ADVISORS, INC. 0.00% of their portfolio | 379 $2.0k | Added +48 |
| GAMMA Investing LLC 0.00% of their portfolio | 278 $1.7k | Added +166 |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 200 $1.2k | New |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 195 $1.2k | Added +1 |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 163 $970 | Added +8 |
| Sterling Capital Management LLC 0.00% of their portfolio | 158 $940 | Reduced -121 |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 132 $787 | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 117 $696 | Reduced -338 |
| MARK SHEPTOFF FINANCIAL PLANNING, LLC 0.00% of their portfolio | 100 $595 | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 73 $434 | Added +60 |
| Smartleaf Asset Management LLC 0.00% of their portfolio | 73 $456 | Unchanged |
| Quarry LP 0.00% of their portfolio | 67 $399 | New |
| Allworth Financial LP 0.00% of their portfolio | 63 $375 | Added +51 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 44 $262 | Unchanged |
| Arax Advisory Partners 0.00% of their portfolio | 43 $256 | New |
| Essential Partners LLC 0.00% of their portfolio | 22 $131 | Added +8 |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 17 $101 | Added +13 |
| Optiver Holding B.V. 0.00% of their portfolio | 6 $36 | Reduced -72 |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 4 $24 | New |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 2 $12 | Reduced -164 |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 1 $6 | Unchanged |
| SJS Investment Consulting Inc. 0.00% of their portfolio | 1 $6 | New |