NATIONAL HEALTHCARE CORP NHC
COM · Common Stock · CUSIP 635906100
- SectorHealth care
- IndustryServices-Skilled Nursing Care Facilities
- HeadquartersMurfreesboro, TN
- 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 ($1.9m this quarter). Holder counts are more reliable. Shares outstanding: 15.5m as of 2025-05-01, 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 ≈ $92.83. Options: 3 managers hold calls ($369.7k notional), 2 hold puts ($278.4k).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 125 |
| Q4 2022 | 119 |
| Q1 2023 | 137 |
| Q2 2023 | 133 |
| Q3 2023 | 132 |
| Q4 2023 | 160 |
| Q1 2024 | 172 |
| Q2 2024 | 176 |
| Q3 2024 | 195 |
| Q4 2024 | 188 |
| Q1 2025 | 181 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 47 | 70 |
| Q3 2023 | 51 | 67 |
| Q4 2023 | 82 | 68 |
| Q1 2024 | 74 | 90 |
| Q2 2024 | 83 | 86 |
| Q3 2024 | 93 | 80 |
| Q4 2024 | 75 | 100 |
| Q1 2025 | 82 | 90 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $65.0k | $0 | 0.00 |
| Q3 2024 | $825.0k | $248.0k | 0.30 |
| Q4 2024 | $827.6k | $0 | 0.00 |
| Q1 2025 | $369.7k | $278.4k | 0.75 |
Biggest buyers
| Manatuck Hill Partners, LLC | New | +60.4k |
| TWO SIGMA INVESTMENTS, LP | New | +54.7k |
| TWO SIGMA ADVISERS, LP | Added | +37.7k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +22.5k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +16.3k |
| JANE STREET GROUP, LLC | Added | +16.1k |
| DARK FOREST CAPITAL MANAGEMENT LP | New | +15.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +14.7k |
| Qube Research & Technologies Ltd | Added | +12.8k |
| OAK ASSOCIATES LTD /OH/ | New | +12.0k |
Biggest sellers
| VANGUARD GROUP INC | Reduced | -120.7k |
| Invesco Ltd. | Reduced | -78.5k |
| Allspring Global Investments Holdings, LLC | Reduced | -32.3k |
| Foundry Partners, LLC | Reduced | -24.0k |
| BlackRock, Inc. | Reduced | -22.2k |
| FIRST TRUST ADVISORS LP | Reduced | -21.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -19.0k |
| Morgan Stanley Institutional Investment Advisors LLC | Reduced | -15.5k |
| Robeco Institutional Asset Management B.V. | Reduced | -13.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | Sold out | -13.3k |
Biggest calls
| WOLVERINE TRADING, LLC | Reduced | $360.4k3.9k shares |
| CITADEL ADVISORS LLC | New | $9.3k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| K2 PRINCIPAL FUND, L.P. | New | $278.4k3.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-10-17 | 11.6% |
| MORGAN STANLEY 13G · institution filed 2026-03-12 | 7.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.1% |
| FIRST TRUST PORTFOLIOS LP 13G · institution new · filed 2026-07-27 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q1 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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2023 | 2 | $264.3k | 0 | — | — |
| Q3 2023 | 2 | $258.9k | 1 | $105.7k | — |
| Q4 2023 | 0 | — | 1 | $1.3m | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 3 | $958.2k | — |
| Q4 2024 | 0 | — | 1 | $74.6k | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 2.0m $181.7m | Reduced -22.2k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.4m $131.8m | Reduced -120.7k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 983.3k $91.3m | Reduced -6.0k |
| Morgan Stanley Institutional Investment Advisors LLC 16.47% of their portfolio | 756.6k $70.2m | Reduced -15.5k |
| STATE STREET CORP 0.00% of their portfolio | 496.0k $46.3m | Reduced -10.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 404.4k $37.5m | Added +22.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 305.0k $28.3m | Added +16.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 189.3k $17.6m | Reduced -5.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 186.2k $17.3m | Reduced -7.6k |
| ALPS ADVISORS INC 0.08% of their portfolio | 147.8k $13.7m | Added +10.6k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.31% of their portfolio | 118.1k $11.0m | Added +179 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 117.9k $10.9m | Reduced -6.8k |
| MORGAN STANLEY 0.00% of their portfolio | 89.2k $8.3m | Reduced -11.8k |
| Invesco Ltd. 0.00% of their portfolio | 86.5k $8.0m | Reduced -78.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 73.8k $6.8m | Added +4.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 67.8k $6.3m | Added +4.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 65.4k $6.1m | Added +1.7k |
| Manatuck Hill Partners, LLC 2.58% of their portfolio | 60.4k $5.6m | New |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 54.7k $5.1m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 45.0k $4.2m | Added +1.4k |
| Hood River Capital Management LLC 0.07% of their portfolio | 44.1k $4.1m | Added +6.6k |
| BROWN BROTHERS HARRIMAN & CO 0.03% of their portfolio | 43.5k $4.0m | Unchanged |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 41.7k $3.9m | Added +12.8k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 40.3k $3.7m | Added +37.7k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 39.2k $3.6m | Added +8.4k |
| Legal & General Group Plc 0.00% of their portfolio | 36.4k $3.4m | Reduced -1.1k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 34.8k $3.2m | Added +16.1k |
| SEGALL BRYANT & HAMILL, LLC 0.05% of their portfolio | 33.8k $3.1m | Reduced -711 |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 32.5k $3.0m | Added +372 |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 32.2k $3.0m | Reduced -32.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 30.2k $2.8m | Added +4.6k |
| Nuveen, LLC 0.00% of their portfolio | 29.3k $2.7m | First filing |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 27.6k $2.6m | Reduced -545 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 26.1k $2.4m | Reduced -1.1k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 25.6k $2.4m | Added +3.7k |
| Sovereign's Capital Management, LLC 1.41% of their portfolio | 25.5k $2.4m | Added +1.1k |
| Swiss National Bank 0.00% of their portfolio | 25.4k $2.4m | Reduced -1.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 25.2k $2.3m | Reduced -21.8k |
| AE Wealth Management LLC 0.02% of their portfolio | 23.7k $2.2m | Reduced -1.0k |
| Cerity Partners LLC 0.00% of their portfolio | 22.9k $2.1m | Added +5.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 22.8k $2.1m | Reduced -1.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 22.7k $2.1m | Added +14.7k |
| Foundry Partners, LLC 0.11% of their portfolio | 22.0k $2.0m | Reduced -24.0k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 21.0k $1.9m | Added +7.8k |
| CITIGROUP INC 0.00% of their portfolio | 19.6k $1.8m | Added +187 |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 18.8k $1.7m | Added +11.5k |
| Knights of Columbus Asset Advisors LLC 0.12% of their portfolio | 18.5k $1.7m | Added +485 |
| Vident Advisory, LLC 0.03% of their portfolio | 18.5k $1.7m | Reduced -758 |
| HRT FINANCIAL LP 0.01% of their portfolio | 18.3k $1.7m | Added +11.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 17.5k $1.6m | Added +10.4k |
| UBS Group AG 0.00% of their portfolio | 16.2k $1.5m | Reduced -323 |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 16.1k $1.5m | Added +262 |
| BARCLAYS PLC 0.00% of their portfolio | 16.0k $1.5m | Reduced -6.2k |
| MARTINGALE ASSET MANAGEMENT L P 0.04% of their portfolio | 15.9k $1.5m | Added +99 |
| Pinnacle Financial Partners Inc 0.03% of their portfolio | 15.6k $1.4m | Unchanged |
| DARK FOREST CAPITAL MANAGEMENT LP 0.06% of their portfolio | 15.3k $1.4m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 13.9k $1.3m | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 13.5k $1.3m | Added +837 |
| Private Advisor Group, LLC 0.01% of their portfolio | 13.2k $1.2m | Added +63 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 12.9k $1.2m | Unchanged |
| OAK ASSOCIATES LTD /OH/ 0.08% of their portfolio | 12.0k $1.1m | New |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 11.7k $1.1m | Added +4.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 11.1k $1.0m | Added +2.7k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 11.1k $1.0m | Reduced -2.3k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 11.0k $1.0m | Reduced -4.6k |
| Summit Global Investments 0.07% of their portfolio | 10.7k $997.0k | Added +114 |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 10.3k $960.0k | Reduced -834 |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 9.7k $887.0k | Reduced -756 |
| Squarepoint Ops LLC 0.00% of their portfolio | 9.7k $895.7k | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 9.6k $892.6k | Unchanged |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 9.2k $858.1k | Added +281 |
| Creative Planning 0.00% of their portfolio | 9.1k $848.4k | Added +4.6k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 9.1k $842.0k | Reduced -475 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 8.8k $818.2k | Reduced -3.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 8.7k $805.2k | Added +398 |
| CWM, LLC 0.00% of their portfolio | 8.5k $785.0k | Reduced -793 |
| Semanteon Capital Management, LP 0.41% of their portfolio | 8.2k $758.2k | Added +2.9k |
| TD Asset Management Inc 0.00% of their portfolio | 8.1k $751.7k | Reduced -4.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 7.9k $733.6k | Reduced -19.0k |
| KLP KAPITALFORVALTNING AS 0.00% of their portfolio | 7.9k $737.2k | Unchanged |
| MetLife Investment Management, LLC 0.00% of their portfolio | 7.5k $696.1k | Reduced -97 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 7.5k $695.8k | Added +166 |
| Robeco Institutional Asset Management B.V. 0.00% of their portfolio | 7.5k $693.8k | Reduced -13.4k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 7.5k $684.6k | Added +721 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 7.3k $681.0k | Added +391 |
| SG Americas Securities, LLC 0.00% of their portfolio | 7.1k $655.0k | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 7.0k $653.6k | Added +208 |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 6.8k $635.0k | Reduced -156 |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 6.7k $625.5k | Added +104 |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 6.7k $620.3k | Added +952 |
| STRS OHIO 0.00% of their portfolio | 6.6k $612.5k | Unchanged |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 6.5k $605.7k | Added +843 |
| Corebridge Financial, Inc. 0.00% of their portfolio | 6.5k $604.9k | Reduced -127 |
| Mariner, LLC 0.00% of their portfolio | 6.3k $586.6k | Reduced -82 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 6.2k $578.6k | New |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 6.1k $569.0k | Reduced -651 |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 6.1k $562.3k | Unchanged |
| Louisiana State Employees Retirement System 0.01% of their portfolio | 5.8k $538.2k | Reduced -200 |
| CENTRAL VALLEY ADVISORS, LLC 0.19% of their portfolio | 5.4k $496.7k | Unchanged |
| GSA CAPITAL PARTNERS LLP 0.04% of their portfolio | 5.0k $462.0k | New |