NATIONAL BANKSHARES INC VA NKSH
COM · Common Stock · CUSIP 634865109
- SectorFinancials
- IndustryNational Commercial Banks
- HeadquartersBlacksburg, VA
- 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 ($16.2k this quarter). Holder counts are more reliable. Shares outstanding: 6.4m as of 2026-08-12, 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 ≈ $36.33.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 52 |
| Q4 2022 | 59 |
| Q1 2023 | 61 |
| Q2 2023 | 63 |
| Q3 2023 | 62 |
| Q4 2023 | 66 |
| Q1 2024 | 67 |
| Q2 2024 | 64 |
| Q3 2024 | 72 |
| Q4 2024 | 73 |
| Q1 2025 | 74 |
| Q2 2025 | 77 |
| Q3 2025 | 86 |
| Q4 2025 | 81 |
| Q1 2026 | 92 |
| Q2 2026 | 96 |
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 | 16 |
| Q4 2024 | 37 | 15 |
| Q1 2025 | 28 | 25 |
| Q2 2025 | 38 | 28 |
| Q3 2025 | 45 | 20 |
| Q4 2025 | 31 | 37 |
| Q1 2026 | 37 | 26 |
| Q2 2026 | 58 | 28 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $2.9m | $2.9m | 1.00 |
| Q4 2025 | $3.3m | $3.3m | 1.00 |
| Q1 2026 | $0 | $0 | — |
| Q2 2026 | $0 | $0 | — |
Biggest buyers
| ACADIAN ASSET MANAGEMENT LLC | Added | +91.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +89.2k |
| BlackRock, Inc. | Added | +88.3k |
| CITADEL ADVISORS LLC | Added | +35.8k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +33.7k |
| MARSHALL WACE, LLP | Added | +26.0k |
| TWO SIGMA INVESTMENTS, LP | New | +21.2k |
| AQR CAPITAL MANAGEMENT LLC | Added | +17.7k |
| Connor, Clark & Lunn Investment Management Ltd. | New | +16.1k |
| MARTINGALE ASSET MANAGEMENT L P | New | +15.7k |
Biggest sellers
| Fourthstone LLC | Sold out | -288.6k |
| BRANDES INVESTMENT PARTNERS, LP | Sold out | -193.4k |
| Rhino Investment Partners, Inc | Sold out | -70.4k |
| UBS Group AG | Reduced | -14.3k |
| OCCUDO QUANTITATIVE STRATEGIES LP | Sold out | -10.5k |
| MORGAN STANLEY | Reduced | -7.4k |
| ENVESTNET ASSET MANAGEMENT INC | Sold out | -6.8k |
| GTS SECURITIES LLC | Sold out | -6.8k |
| LPL Financial LLC | Reduced | -6.3k |
| JANE STREET GROUP, LLC | Sold out | -6.1k |
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 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 | 3 | $56.0k | 0 | — | — |
| Q2 2025 | 3 | $32.4k | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 1 | $8.0k | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 529.5k $19.2m | Added +88.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 268.6k $9.8m | Reduced -1.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 164.9k $6.0m | Added +14.1k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 147.2k $5.3m | Added +13.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 132.6k $4.8m | Added +91.6k |
| STATE STREET CORP 0.00% of their portfolio | 91.9k $3.3m | Added +5.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 89.2k $3.2m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 62.7k $2.3m | Added +33.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 51.8k $1.9m | Added +4.2k |
| RBF Capital, LLC 0.08% of their portfolio | 50.0k $1.8m | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 45.7k $1.7m | Reduced -6.3k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 45.5k $1.7m | Added +26.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 43.0k $1.6m | Added +35.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 42.7k $1.6m | Added +6.7k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 42.1k $1.5m | Added +2.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 27.7k $1.0m | Added +7.5k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 25.1k $911.8k | Added +17.7k |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 21.6k $785.1k | Added +224 |
| Partners in Financial Planning 0.12% of their portfolio | 21.4k $778.6k | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 21.2k $769.1k | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 20.0k $727.7k | Added +1.7k |
| Taylor Hoffman Capital Management LLC 0.16% of their portfolio | 18.1k $659.4k | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 17.2k $623.5k | Added +6.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 16.1k $585.7k | Added +1.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 16.1k $584.4k | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 15.9k $577.4k | Reduced -5.6k |
| MARTINGALE ASSET MANAGEMENT L P 0.01% of their portfolio | 15.7k $571.3k | New |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 14.4k $522.3k | Added +7.2k |
| MORGAN STANLEY 0.00% of their portfolio | 14.3k $518.7k | Reduced -7.4k |
| Trexquant Investment LP 0.00% of their portfolio | 13.3k $483.8k | New |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 11.6k $419.8k | New |
| XTX Topco Ltd 0.01% of their portfolio | 11.2k $407.9k | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 11.2k $407.1k | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 11.0k $401.2k | Added +2.7k |
| Carson Advisory Inc. 0.17% of their portfolio | 10.0k $363.3k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 9.9k $358.4k | Added +2.7k |
| D.A. DAVIDSON & CO. 0.00% of their portfolio | 9.6k $349.9k | Reduced -500 |
| Kingsview Wealth Management, LLC 0.00% of their portfolio | 9.2k $332.5k | Added +60 |
| PRIVATE TRUST CO NA 0.02% of their portfolio | 7.5k $272.5k | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 7.4k $269.6k | New |
| Cerity Partners LLC 0.00% of their portfolio | 7.4k $269.2k | Added +260 |
| BARCLAYS PLC 0.00% of their portfolio | 6.6k $239.2k | Added +4.3k |
| AdviceOne Advisory Services, LLC 0.13% of their portfolio | 6.5k $236.7k | Unchanged |
| MINDSET WEALTH MANAGEMENT, LLC 0.05% of their portfolio | 6.5k $234.8k | Unchanged |
| Marotta Asset Management 0.04% of their portfolio | 6.4k $239.0k | Unchanged |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 6.3k $227.5k | Reduced -777 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 6.2k $224.0k | Added +4.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 6.0k $216.7k | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 5.8k $210.2k | New |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 5.6k $203.4k | New |
| Geneos Wealth Management Inc. 0.00% of their portfolio | 5.3k $193.8k | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 4.6k $165.8k | Added +133 |
| Larson Financial Group LLC 0.00% of their portfolio | 4.2k $152.8k | Added +11 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 3.6k $130.1k | Added +2.8k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 3.4k $125.0k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 3.1k $114.4k | Unchanged |
| Aspect Partners, LLC 0.04% of their portfolio | 3.1k $112.8k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 3.0k $110.1k | Added +1.4k |
| CITIGROUP INC 0.00% of their portfolio | 2.9k $105.9k | Added +2.6k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 2.9k $105.8k | Reduced -53 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 2.9k $105.2k | Added +30 |
| UBS Group AG 0.00% of their portfolio | 2.6k $96.1k | Reduced -14.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.6k $96.3k | Added +85 |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 2.5k $91.6k | Added +1.2k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 2.1k $74.7k | Unchanged |
| Bogart Wealth, LLC 0.00% of their portfolio | 2.0k $72.7k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 878 $31.9k | Reduced -889 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 787 $28.0k | Reduced -5.4k |
| Legal & General Group Plc 0.00% of their portfolio | 563 $20.5k | Unchanged |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 477 $17.3k | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 350 $12.7k | Unchanged |
| FMR LLC 0.00% of their portfolio | 347 $12.6k | Added +7 |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 288 $10.4k | Reduced -16 |
| Atlantic Union Bankshares Corp 0.00% of their portfolio | 200 $7.3k | Unchanged |
| Sterling Capital Management LLC 0.00% of their portfolio | 127 $4.6k | Reduced -79 |
| HARBOR CAPITAL ADVISORS, INC. 0.00% of their portfolio | 116 $4.0k | Unchanged |
| Arax Advisory Partners 0.00% of their portfolio | 96 $3.5k | Added +91 |
| GAMMA Investing LLC 0.00% of their portfolio | 88 $3.2k | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 87 $3.2k | Reduced -250 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 68 $2.5k | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 65 $2.4k | Added +57 |
| Glen Eagle Advisors, LLC 0.00% of their portfolio | 50 $1.8k | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 36 $1.3k | Added +24 |
| Spire Wealth Management 0.00% of their portfolio | 30 $1.1k | New |
| Quarry LP 0.00% of their portfolio | 30 $1.1k | New |
| Essential Partners LLC 0.00% of their portfolio | 21 $763 | Reduced -20 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 20 $727 | Added +5 |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 16 $581 | New |
| Covestor Ltd 0.00% of their portfolio | 14 $1.0k | Added +2 |
| Basecamp Wealth Advisors LLC 0.00% of their portfolio | 7 $254 | Added +4 |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 5 $182 | New |
| Optiver Holding B.V. 0.00% of their portfolio | 4 $145 | Reduced -56 |
| Fortitude Family Office, LLC 0.00% of their portfolio | 3 $109 | New |
| Wealth Enhancement Trust Services, Inc. 0.00% of their portfolio | 3 $109 | New |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 1 $36 | Unchanged |
| SJS Investment Consulting Inc. 0.00% of their portfolio | 1 $37 | New |