NATIONAL HEALTH INVS INC NHI
COM · REIT · CUSIP 63633D104 · ISIN US63633D1046
- SectorReal estate
- IndustryReal Estate Investment Trusts
- 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 ($6.4m this quarter). Holder counts are more reliable. Shares outstanding: 47.5m as of 2025-08-01, 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 ≈ $70.19. Options: 3 managers hold calls ($610.0k notional), 2 hold puts ($676.8k).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 241 |
| Q4 2022 | 232 |
| Q1 2023 | 228 |
| Q2 2023 | 211 |
| Q3 2023 | 210 |
| Q4 2023 | 211 |
| Q1 2024 | 221 |
| Q2 2024 | 231 |
| Q3 2024 | 283 |
| Q4 2024 | 278 |
| Q1 2025 | 286 |
| Q2 2025 | 278 |
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 2023 | 90 | 90 |
| Q4 2023 | 94 | 97 |
| Q1 2024 | 109 | 95 |
| Q2 2024 | 113 | 97 |
| Q3 2024 | 151 | 106 |
| Q4 2024 | 140 | 119 |
| Q1 2025 | 142 | 129 |
| Q2 2025 | 163 | 99 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $814.8k | $487.5k | 0.60 |
| Q4 2024 | $797.0k | $1.0m | 1.27 |
| Q1 2025 | $1.1m | $1.3m | 1.16 |
| Q2 2025 | $610.0k | $676.8k | 1.11 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +906.5k |
| MILLENNIUM MANAGEMENT LLC | Added | +628.7k |
| M Holdings Securities, Inc. | New | +516.8k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Added | +314.3k |
| Balyasny Asset Management L.P. | Added | +246.5k |
| Qube Research & Technologies Ltd | Added | +147.6k |
| STATE STREET CORP | Added | +95.8k |
| VANGUARD GROUP INC | Added | +90.8k |
| Point72 Asset Management, L.P. | Added | +82.8k |
| TWO SIGMA INVESTMENTS, LP | Added | +75.7k |
Biggest sellers
| Gillson Capital LP | Sold out | -214.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -209.3k |
| Land & Buildings Investment Management, LLC | Reduced | -127.0k |
| PRUDENTIAL FINANCIAL INC | Reduced | -99.1k |
| GOLDMAN SACHS GROUP INC | Reduced | -56.8k |
| JANE STREET GROUP, LLC | Reduced | -50.1k |
| BANK OF MONTREAL /CAN/ | Reduced | -45.4k |
| DARK FOREST CAPITAL MANAGEMENT LP | Reduced | -35.0k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | Reduced | -30.8k |
| GW&K Investment Management, LLC | Reduced | -27.3k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $603.0k8.6k shares |
| SIMPLEX TRADING, LLC | New | $7.0k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| WOLVERINE TRADING, LLC | Reduced | $361.3k5.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $315.5k4.5k 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.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-07-08 | 17.6% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 8.6% |
| STATE STREET CORP 13G · institution new · filed 2026-08-07 | 5.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 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 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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 1 | $51.4k | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 1 | $586.9k | 0 | — | — |
| Q2 2024 | 1 | $28.8k | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 6.4m $452.0m | Added +90.8k |
| BlackRock, Inc. 0.01% of their portfolio | 4.6m $322.4m | Added +23.0k |
| STATE STREET CORP 0.01% of their portfolio | 2.0m $143.7m | Added +95.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio | 1.7m $116.0m | Added +26.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.2m $86.4m | Added +53.6k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.2m $84.4m | Added +906.5k |
| MACQUARIE GROUP LTD 0.09% of their portfolio | 1.1m $74.0m | Added +3.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 870.0k $61.0m | Reduced -8.5k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.59% of their portfolio | 810.3k $56.8m | Added +314.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 782.2k $54.9m | Added +11.9k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 737.7k $51.7m | Added +628.7k |
| NORGES BANK 0.01% of their portfolio | 709.9k $49.8m | Added +70.0k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 631.0k $44.2m | Reduced -3.3k |
| Balyasny Asset Management L.P. 0.10% of their portfolio | 615.0k $43.1m | Added +246.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 607.9k $42.6m | Added +19.0k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 593.8k $41.6m | Reduced -20.6k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 564.0k $39.5m | Reduced -19.4k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 1.58% of their portfolio | 552.5k $38.7m | Reduced -30.8k |
| M Holdings Securities, Inc. 6.28% of their portfolio | 516.8k $36.6m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 471.7k $33.1m | Reduced -7.2k |
| Land & Buildings Investment Management, LLC 6.44% of their portfolio | 460.0k $32.3m | Reduced -127.0k |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 323.9k $22.7m | Reduced -99.1k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 319.3k $22.4m | Added +147.6k |
| GW&K Investment Management, LLC 0.19% of their portfolio | 295.1k $20.7m | Reduced -27.3k |
| MORGAN STANLEY 0.00% of their portfolio | 237.0k $16.6m | Added +18.7k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 232.0k $16.3m | Added +9.5k |
| Legal & General Group Plc 0.00% of their portfolio | 231.1k $16.2m | Added +7.6k |
| Sound Income Strategies, LLC 0.93% of their portfolio | 230.7k $16.2m | Added +17.6k |
| MetLife Investment Management, LLC 0.09% of their portfolio | 215.1k $15.1m | Added +1.4k |
| BOWEN HANES & CO INC 0.35% of their portfolio | 200.0k $14.0m | Added +60.0k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 196.6k $13.8m | Added +75.7k |
| UBS Group AG 0.00% of their portfolio | 186.8k $13.1m | Reduced -13.4k |
| Nuveen, LLC 0.00% of their portfolio | 180.4k $12.6m | Added +43.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 124.8k $8.8m | Reduced -56.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 124.0k $8.7m | Added +13.1k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 120.6k $8.5m | Added +63.7k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 117.1k $8.2m | Added +21.6k |
| Invesco Ltd. 0.00% of their portfolio | 105.5k $7.4m | Reduced -21.5k |
| Lighthouse Investment Partners, LLC 0.32% of their portfolio | 104.8k $7.3m | Added +26.0k |
| Asset Management One Co., Ltd. 0.02% of their portfolio | 102.4k $7.2m | Added +2.2k |
| EASTERLY INVESTMENT PARTNERS LLC 0.51% of their portfolio | 100.7k $7.1m | Added +11.7k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 94.3k $6.6m | Added +13.8k |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 93.9k $6.6m | Added +82.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 90.4k $6.3m | Added +4.3k |
| BARCLAYS PLC 0.00% of their portfolio | 89.3k $6.3m | Added +29.0k |
| Swiss National Bank 0.00% of their portfolio | 89.2k $6.3m | Added +1.2k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 84.9k $6.0m | Added +8.3k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 83.6k $5.9m | Added +8.9k |
| WOODMONT INVESTMENT COUNSEL LLC 0.36% of their portfolio | 77.7k $5.4m | Added +19.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 72.3k $5.1m | Added +1.8k |
| CITIGROUP INC 0.00% of their portfolio | 72.3k $5.1m | Added +3.8k |
| Cubist Systematic Strategies, LLC 0.05% of their portfolio | 71.8k $5.0m | Added +41.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 66.9k $4.7m | Added +2.7k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.19% of their portfolio | 65.9k $4.6m | Reduced -35.0k |
| NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio | 65.4k $4.6m | Added +2.6k |
| LEE DANNER & BASS INC 0.34% of their portfolio | 62.4k $4.4m | Reduced -1.0k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 55.4k $3.9m | Reduced -466 |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.03% of their portfolio | 55.2k $3.9m | Added +100 |
| Nepsis Inc. 1.04% of their portfolio | 53.4k $3.7m | Reduced -7.3k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 53.2k $3.8m | Reduced -2.3k |
| Pinnacle Financial Partners Inc 0.07% of their portfolio | 50.3k $3.5m | Reduced -250 |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 47.9k $3.4m | Added +2.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 47.3k $3.3m | Reduced -10.5k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 44.3k $3.1m | Reduced -238 |
| Clayton Partners LLC 2.56% of their portfolio | 43.5k $3.1m | Reduced -4.5k |
| MERITAGE PORTFOLIO MANAGEMENT 0.19% of their portfolio | 43.0k $3.0m | Reduced -776 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 42.7k $3.0m | Added +407 |
| STRS OHIO 0.01% of their portfolio | 42.5k $3.0m | Added +34.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 40.7k $2.9m | Reduced -209.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 40.5k $2.8m | New |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 40.2k $2.8m | Reduced -3.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 40.1k $2.8m | Added +6.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 39.5k $2.8m | Added +3.9k |
| Engineers Gate Manager LP 0.03% of their portfolio | 39.0k $2.7m | Added +6.1k |
| Edgestream Partners, L.P. 0.07% of their portfolio | 37.4k $2.6m | Added +21.8k |
| ExodusPoint Capital Management, LP 0.03% of their portfolio | 37.2k $2.6m | Added +1.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 36.8k $2.6m | New |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 36.2k $2.5m | Added +22 |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 34.9k $2.4m | Reduced -14.9k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 34.6k $2.4m | Added +5.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 33.8k $2.4m | Added +2.7k |
| Y-Intercept (Hong Kong) Ltd 0.06% of their portfolio | 33.6k $2.4m | New |
| LPL Financial LLC 0.00% of their portfolio | 31.7k $2.2m | Added +7.5k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 31.2k $2.2m | Added +47 |
| INTECH INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 31.0k $2.2m | Added +2.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 29.7k $2.1m | Added +593 |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 28.4k $2.0m | Added +5.9k |
| Aberdeen Group plc 0.00% of their portfolio | 27.7k $1.9m | Added +2.3k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 26.1k $1.8m | Reduced -1.3k |
| Quantbot Technologies LP 0.05% of their portfolio | 25.9k $1.8m | Added +11.4k |
| OVERSEA-CHINESE BANKING Corp Ltd 0.05% of their portfolio | 25.8k $1.8m | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 24.9k $1.7m | Added +1.0k |
| Wealthspire Retirement, LLC 0.12% of their portfolio | 24.9k $1.7m | Added +190 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 24.6k $1.7m | Added +200 |
| Jackson Creek Investment Advisors LLC 0.46% of their portfolio | 24.5k $1.7m | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 24.4k $1.7m | Added +2.6k |
| State of Alaska, Department of Revenue 0.02% of their portfolio | 22.4k $1.6m | Added +1.1k |
| Vestcor Inc 0.05% of their portfolio | 21.5k $1.5m | Unchanged |
| Amundi 0.00% of their portfolio | 21.1k $1.5m | Reduced -4.4k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 20.5k $1.4m | Added +8.2k |