Vault-13

NATIONAL BANKSHARES INC VA NKSH

COM · Common Stock · CUSIP 634865109

77 institutional holders +3 vs Q1 2025
2,062,7352.1m shares reported held*
32.4% of all shares outstanding*
$56.1mreported value*
9 new 29 added 21 reduced 7 sold out net bought ≈ $38.4k (+1.4k shares)

* 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 ($35.3k this quarter). Holder counts are more reliable. Shares outstanding: 6.4m as of 2025-08-13, 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 ≈ $27.21. Options: 1 managers hold calls ($2.7m notional), 1 hold puts ($2.7m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 52Q4 22: 59Q1 23: 61Q2 23: 63Q3 23: 62Q4 23: 66Q1 24: 67Q2 24: 64Q3 24: 72Q4 24: 73Q1 25: 74Q2 25: 7777Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202252
Q4 202259
Q1 202361
Q2 202363
Q3 202362
Q4 202366
Q1 202467
Q2 202464
Q3 202472
Q4 202473
Q1 202574
Q2 202577

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 23: 22 bought or addedQ3 23: 23 cut or sold outQ4 23: 26 bought or addedQ4 23: 23 cut or sold outQ4 23Q1 24: 21 bought or addedQ1 24: 20 cut or sold outQ2 24: 20 bought or addedQ2 24: 23 cut or sold outQ2 24Q3 24: 29 bought or addedQ3 24: 16 cut or sold outQ4 24: 37 bought or addedQ4 24: 15 cut or sold outQ4 24Q1 25: 28 bought or addedQ1 25: 25 cut or sold outQ2 25: 38 bought or addedQ2 25: 28 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232223
Q4 20232623
Q1 20242120
Q2 20242023
Q3 20242916
Q4 20243715
Q1 20252825
Q2 20253828

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3mQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $2.6mQ1 25 puts: $2.6mQ1 25P/C 1.00Q2 25 calls: $2.7mQ2 25 puts: $2.7mQ2 25P/C 1.00
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$2.6m$2.6m1.00
Q2 2025$2.7m$2.7m1.00

Biggest buyers

Fourthstone LLC Added +69,447+69.4k
DIMENSIONAL FUND ADVISORS LP Added +12,779+12.8k
GEODE CAPITAL MANAGEMENT, LLC Added +10,437+10.4k
CITADEL ADVISORS LLC Added +9,433+9.4k
MORGAN STANLEY Added +9,009+9.0k
ROYAL BANK OF CANADA Added +8,602+8.6k
UBS Group AG Added +8,212+8.2k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC New +7,493+7.5k
BARCLAYS PLC Added +4,597+4.6k
Nuveen, LLC Added +2,559+2.6k

Biggest sellers

BRANDES INVESTMENT PARTNERS, LP Reduced -49,781-49.8k
BlackRock, Inc. Reduced -17,270-17.3k
Marotta Asset Management Sold out -15,207-15.2k
VANGUARD GROUP INC Reduced -14,373-14.4k
Atria Investments, Inc Sold out -9,818-9.8k
GOLDMAN SACHS GROUP INC Sold out -8,643-8.6k
Sanctuary Advisors, LLC Sold out -7,606-7.6k
BNP PARIBAS FINANCIAL MARKETS Reduced -6,789-6.8k
Geneos Wealth Management Inc. Reduced -5,334-5.3k
JPMORGAN CHASE & CO Reduced -5,230-5.2k

Biggest calls

CIBC WORLD MARKET INC. Unchanged $2.7m97.5k shares

Biggest puts

CIBC WORLD MARKET INC. Unchanged $2.7m97.5k 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27)

Insider purchases and sales in Q2 2025

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)

BuyingSelling
404Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 1 buyingQ4 23: 0 sellingQ4 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 1 buyingQ2 24: 0 sellingQ2 24Q3 24: 2 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 3 buyingQ1 25: 0 sellingQ2 25: 3 buyingQ2 25: 0 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20230—0——
Q4 20231$24.5k0——
Q1 20240—0——
Q2 20241$13.8k0——
Q3 20242$39.6k0——
Q4 20240—0——
Q1 20253$56.0k0——
Q2 20253$32.4k0——
DateInsiderTradeSharesPrice ValueTheir holding
2025-06-18 BALL LAWRENCE J Director Bought 1,000 $25.80 $25.8k1.0k shares +4%
2025-06-12 Sweet Alan Jeffrey Director Bought 225 $26.50 $6.0k225 shares +3%
2025-06-02 Smith Lutheria H. Director Bought 24 $26.17 $62824 shares +2%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.00% of their portfolio New York, NY 435,484435.5k $11.8m $11.8m 0.00% Reduced -17.3k -17,270
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 330,641330.6k $9.0m $9.0m 0.00% Reduced -14.4k -14,373
3 BRANDES INVESTMENT PARTNERS, LP 0.04% of their portfolio LA JOLLA, CA 177,826177.8k $4.8m $4.8m 0.04% Reduced -49.8k -49,781
4 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 154,273154.3k $4.2m $4.2m 0.00% Added +10.4k +10,437
5 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 119,563119.6k $3.3m $3.3m 0.00% Added +12.8k +12,779
6 Rhino Investment Partners, Inc 0.85% of their portfolio WEST CONSHOHOCKEN, PA 114,007114.0k $3.1m $3.1m 0.85% Reduced -4.7k -4,717
7 Fourthstone LLC 0.45% of their portfolio ST LOUIS, MO 84,00684.0k $2.3m $2.3m 0.45% Added +69.4k +69,447
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 80,96181.0k $2.2m $2.2m 0.00% Added +1.1k +1,100
9 RBF Capital, LLC 0.07% of their portfolio RENO, NV 50,00050.0k $1.4m $1.4m 0.07% Unchanged
10 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 49,39249.4k $1.3m $1.3m 0.00% Added +2.0k +2,042
11 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 48,56548.6k $1.3m $1.3m 0.00% Added +16 +16
12 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 36,62336.6k $994.0k $994.0k 0.00% Unchanged
13 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 29,07729.1k $790.9k $790.9k 0.00% Added +9.4k +9,433
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 26,39126.4k $717.8k $717.8k 0.00% Added +9.0k +9,009
15 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 24,07024.1k $654.7k $654.7k 0.00% Added +1.1k +1,100
16 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 23,96824.0k $651.9k $651.9k 0.00% Reduced -421 -421
17 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 22,66122.7k $616.4k $616.4k 0.00% Added +1.2k +1,238
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 18,22618.2k $495.7k $495.7k 0.00% Added +2.0k +1,958
19 Taylor Hoffman Capital Management LLC 0.17% of their portfolio RICHMOND, VA 18,15018.1k $493.7k $493.7k 0.17% Unchanged
20 Partners in Financial Planning 0.08% of their portfolio SALEM, VA 16,01116.0k $435.5k $435.5k 0.08% Added +1.4k +1,431
21 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 15,35015.3k $420.0k $420.0k 0.00% Added +8.6k +8,602
22 UBS Group AG 0.00% of their portfolio ZURICH, V8 13,11813.1k $356.8k $356.8k 0.00% Added +8.2k +8,212
23 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 12,64512.6k $343.9k $343.9k 0.00% Reduced -348 -348
24 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 11,03311.0k $300.1k $300.1k 0.00% Added +2.6k +2,559
25 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 10,37210.4k $282.1k $282.1k 0.00% Added +4.6k +4,597
26 Carson Advisory Inc. 0.17% of their portfolio ATHENS, GA 10,00010.0k $272.0k $272.0k 0.17% Unchanged
27 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 9,5299.5k $260.0k $260.0k 0.00% Added +112 +112
28 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 9,2029.2k $250.3k $250.3k 0.00% Reduced -651 -651
29 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 9,1579.2k $249.1k $249.1k 0.00% Reduced -4 -4
30 Kingsview Wealth Management, LLC 0.00% of their portfolio GRANTS PASS, OR 9,1459.1k $248.8k $248.8k 0.00% Added +398 +398
31 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 8,9408.9k $243.2k $243.2k 0.00% Reduced -1.9k -1,893
32 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 8,9058.9k $242.2k $242.2k 0.00% Reduced -2.4k -2,356
33 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,1658.2k $222.1k $222.1k 0.00% Added +543 +543
34 PRIVATE TRUST CO NA 0.02% of their portfolio CLEVELAND, OH 7,5007.5k $204.0k $204.0k 0.02% Unchanged
35 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 7,4937.5k $223.6k $223.6k 0.00% New
36 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 5,6685.7k $154.2k $154.2k 0.00% Added +27 +27
37 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 5,6075.6k $152.5k $152.5k 0.00% Reduced -2.1k -2,146
38 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 5,3345.3k $145.1k $145.1k 0.00% Reduced -5.3k -5,334
39 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,7194.7k $128.4k $128.4k 0.00% Reduced -5.2k -5,230
40 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 3,4413.4k $93.6k $93.6k 0.00% Unchanged
41 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 3,3093.3k $90.0k $90.0k 0.00% Reduced -156 -156
42 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 3,1483.1k $85.6k $85.6k 0.00% Unchanged
43 Aspect Partners, LLC 0.04% of their portfolio FAIRFAX, VA 3,1043.1k $84.4k $84.4k 0.04% Unchanged
44 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 2,8202.8k $76.7k $76.7k 0.00% Reduced -133 -133
45 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,1862.2k $59.5k $59.5k 0.00% Reduced -1.8k -1,846
46 Bogart Wealth, LLC 0.00% of their portfolio MCLEAN, VA 2,0022.0k $54.5k $54.5k 0.00% Unchanged
47 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1,7461.7k $47.5k $47.5k 0.00% Added +1.4k +1,396
48 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,4241.4k $38.7k $38.7k 0.00% Reduced -6.8k -6,789
49 State of Wyoming 0.00% of their portfolio CHEYENNE, WY 1,3161.3k $35.8k $35.8k 0.00% New
50 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 1,2981.3k $35.3k $35.3k 0.00% New
51 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 1,1401.1k $31.0k $31.0k 0.00% New
52 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 759759 $20.6k $20.6k 0.00% New
53 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 695695 $18.9k $18.9k 0.00% Unchanged
54 Legal & General Group Plc 0.00% of their portfolio London, X0 563563 $15.3k $15.3k 0.00% Added +82 +82
55 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 477477 $13.0k $13.0k 0.00% Unchanged
56 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 473473 $13.0k $13.0k 0.00% Added +79 +79
57 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 456456 $12.4k $12.4k 0.00% Added +454 +454
58 First Horizon Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 425425 $11.6k $11.6k 0.00% Added +224 +224
59 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 417417 $11.3k $11.3k 0.00% Unchanged
60 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 195195 $5.0k $5.0k 0.00% Unchanged
61 CWM, LLC 0.00% of their portfolio OMAHA, NE 195195 $5.0k $5.0k 0.00% Added +24 +24
62 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 162162 $4.4k $4.4k 0.00% Added +63 +63
63 FMR LLC 0.00% of their portfolio BOSTON, MA 154154 $4.2k $4.2k 0.00% Reduced -271 -271
64 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 9292 $2.5k $2.5k 0.00% New
65 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 6868 $1.8k $1.8k 0.00% Unchanged
66 COMERICA BANK 0.00% of their portfolio DALLAS, TX 6363 $1.7k $1.7k 0.00% Reduced -25 -25
67 Glen Eagle Advisors, LLC 0.00% of their portfolio KINGSTON, NJ 5050 $1.4k $1.4k 0.00% Unchanged
68 HARBOR CAPITAL ADVISORS, INC. 0.00% of their portfolio CHICAGO, IL 4747 $1.0k $1.0k 0.00% Unchanged
69 Covestor Ltd 0.00% of their portfolio LONDON, X0 88 $0 $0 0.00% Reduced -1 -1
70 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 77 $190 $190 0.00% New
71 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 55 $136 $136 0.00% Added +2 +2
72 Essential Partners LLC 0.00% of their portfolio RANCHO SANTA FE, CA 55 $136 $136 0.00% First filing
73 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 33 $82 $82 0.00% Added +1 +1
74 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 22 $55 $55 0.00% New
75 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 11 $28 $28 0.00% Reduced -4 -4
76 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged
77 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 00 $217 $217 0.00% New