Vault-13

NATIONAL STORAGE AFFILIATES NSA

COM SHS BEN IN · REIT · CUSIP 637870106

335 institutional holders +30 vs Q1 2023
75,685,89575.7m shares reported held*
$2.6bnreported value*
56 new 109 added 129 reduced 29 sold out net sold ≈ $52.9m (-1.5m 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 ($26.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $34.88. Options: 7 managers hold calls ($1.6m notional), 7 hold puts ($2.4m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 314Q4 22: 317Q1 23: 305Q2 23: 335335Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022314
Q4 2022317
Q1 2023305
Q2 2023335

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 170 bought or addedQ4 22: 149 cut or sold outQ4 22Q1 23: 168 bought or addedQ1 23: 151 cut or sold outQ1 23Q2 23: 165 bought or addedQ2 23: 158 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022170149
Q1 2023168151
Q2 2023165158

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ3 22 calls: $1.1mQ3 22 puts: $366.0kQ3 22P/C 0.34Q4 22 calls: $378.8kQ4 22 puts: $1.2mQ4 22P/C 3.24Q1 23 calls: $1.9mQ1 23 puts: $1.3mQ1 23P/C 0.69Q2 23 calls: $1.6mQ2 23 puts: $2.4mQ2 23P/C 1.43
Numbers
QuarterCallsPutsP/C
Q3 2022$1.1m$366.0k0.34
Q4 2022$378.8k$1.2m3.24
Q1 2023$1.9m$1.3m0.69
Q2 2023$1.6m$2.4m1.43

Biggest buyers

ANCHOR CAPITAL ADVISORS LLC Added +1,006,474+1.0m
CINCINNATI INSURANCE CO Added +843,654+843.7k
Balyasny Asset Management L.P. Added +545,576+545.6k
MILLENNIUM MANAGEMENT LLC Added +507,717+507.7k
Qube Research & Technologies Ltd Added +332,512+332.5k
Requisite Capital Management, LLC New +325,980+326.0k
JANUS HENDERSON GROUP PLC Added +325,933+325.9k
WASATCH ADVISORS LP Added +321,228+321.2k
JANE STREET GROUP, LLC New +245,199+245.2k
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Added +207,539+207.5k

Biggest sellers

FMR LLC Reduced -1,776,636-1.8m
Invesco Ltd. Reduced -1,487,987-1.5m
VANGUARD GROUP INC Reduced -1,102,202-1.1m
MACQUARIE GROUP LTD Reduced -997,877-997.9k
GOLDMAN SACHS GROUP INC Reduced -807,881-807.9k
LORD, ABBETT & CO. LLC Reduced -784,950-785.0k
BlackRock Inc. Reduced -441,874-441.9k
Point72 Asset Management, L.P. Sold out -305,582-305.6k
TWO SIGMA ADVISERS, LP Reduced -227,600-227.6k
MORGAN STANLEY Reduced -225,940-225.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $849.9k24.4k shares
CITADEL ADVISORS LLC Added $438.9k12.6k shares
WOLVERINE TRADING, LLC New $271.1k7.8k shares
GROUP ONE TRADING LLC Reduced $48.8k1.4k shares
SIMPLEX TRADING, LLC Reduced $27.0k800 shares
PEAK6 Investments LLC Reduced $7.0k200 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $1.4m39.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $501.6k14.4k shares
WOLVERINE TRADING, LLC New $225.9k6.5k shares
PEAK6 Investments LLC Reduced $222.9k6.4k shares
SIMPLEX TRADING, LLC Added $24.0k700 shares
GROUP ONE TRADING LLC New $17.4k500 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.

HolderStakeChangeShares Last filed
Nordhagen Arlen Dale 13D · may seek influence filed 2026-03-18
Stated purposeItem 4 is hereby amended and supplemented by the following: The information provided in Item 6 is incorporated by reference herein. Full filing
 8.4% 6.5m≈ $289.1m 2026-03-18
VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 7.8% new 6.0m≈ $267.4m 2026-04-29
COHEN & STEERS, INC. 13G · institution new · filed 2026-05-15 6.0% new 4.6m≈ $204.7m 2026-05-15
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 5.0% new 3.9m≈ $173.0m 2026-07-31

Fell to 5% or below in the last year: Long Pond Capital, LP (0.0%, 2026-08-13), PRUDENTIAL FINANCIAL INC (1.8%, 2026-05-08), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 11,672,78311.7m $406.6m $406.6m 0.01% Reduced -1.1m -1,102,202
2 BlackRock Inc. 0.01% of their portfolio New York, NY 9,201,3799.2m $320.5m $320.5m 0.01% Reduced -441.9k -441,874
3 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 4,633,7964.6m $161.4m $161.4m 0.01% Reduced -152.7k -152,699
4 WASATCH ADVISORS LP 0.85% of their portfolio SALT LAKE CITY, UT 4,040,5794.0m $140.7m $140.7m 0.85% Added +321.2k +321,228
5 FMR LLC 0.01% of their portfolio BOSTON, MA 1,747,3081.7m $60.9m $60.9m 0.01% Reduced -1.8m -1,776,636
6 Thrivent Financial for Lutherans 0.12% of their portfolio Minneapolis, MN 1,553,8501.6m $54.1m $54.1m 0.12% Added +163.2k +163,223
7 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 1,419,2221.4m $49.4m $49.4m 0.02% Added +156.7k +156,661
8 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,377,6921.4m $48.0m $48.0m 0.01% Reduced -13.8k -13,754
9 JENNISON ASSOCIATES LLC 0.04% of their portfolio NEW YORK, NY 1,354,1841.4m $47.2m $47.2m 0.04% Added +53.0k +52,999
10 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 1,240,8481.2m $43.2m $43.2m 0.01% Added +7.9k +7,863
11 VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.48% of their portfolio HOUSTON, TX 1,232,9241.2m $42.9m $42.9m 0.48% Added +207.5k +207,539
12 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 1,194,9401.2m $41.6m $41.6m 0.01% Added +23.8k +23,841
13 ANCHOR CAPITAL ADVISORS LLC 0.99% of their portfolio Boston, MA 1,092,8241.1m $38.1m $38.1m 0.99% Added +1.0m +1,006,474
14 Balyasny Asset Management L.P. 0.10% of their portfolio Chicago, IL 1,029,7491.0m $35.9m $35.9m 0.10% Added +545.6k +545,576
15 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 975,316975.3k $34.0m $34.0m 0.01% Reduced -9.8k -9,826
16 NORGES BANK 0.01% of their portfolio OSLO, Q8 934,833934.8k $32.6m $32.6m 0.01% Reduced -8.4k -8,436
17 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 898,981899.0k $31.3m $31.3m 0.01% Reduced -807.9k -807,881
18 CINCINNATI INSURANCE CO 0.59% of their portfolio FAIRFIELD, OH 893,654893.7k $31.1m $31.1m 0.59% Added +843.7k +843,654
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 886,124886.1k $30.9m $30.9m 0.00% Reduced -225.9k -225,940
20 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 878,413878.4k $30.6m $30.6m 0.01% Added +42.1k +42,122
21 TimesSquare Capital Management, LLC 0.44% of their portfolio NEW YORK, NY 876,710876.7k $30.5m $30.5m 0.44% Added +20.0k +20,000
22 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 833,569833.6k $29.0m $29.0m 0.01% Reduced -27.3k -27,314
23 LORD, ABBETT & CO. LLC 0.05% of their portfolio JERSEY CITY, NJ 810,418810.4k $28.2m $28.2m 0.05% Reduced -785.0k -784,950
24 GW&K Investment Management, LLC 0.26% of their portfolio BOSTON, MA 774,501774.5k $27.0m $27.0m 0.26% Reduced -10.1k -10,126
25 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 757,413757.4k $26.4m $26.4m 0.01% Reduced -56.9k -56,894
26 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 696,823696.8k $24.3m $24.3m 0.00% Reduced -75.7k -75,737
27 KENNEDY CAPITAL MANAGEMENT LLC 0.55% of their portfolio ST LOUIS, MO 677,641677.6k $23.6m $23.6m 0.55% Added +83.6k +83,565
28 Legal & General Group Plc 0.01% of their portfolio London, X0 610,498610.5k $21.3m $21.3m 0.01% Reduced -35.6k -35,631
29 Allianz Asset Management GmbH 0.04% of their portfolio MUNICH, 2M 610,088610.1k $21.2m $21.2m 0.04% Added +93.6k +93,592
30 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 576,056576.1k $20.1m $20.1m 0.01% Added +325.9k +325,933
31 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 568,481568.5k $19.8m $19.8m 0.02% Added +507.7k +507,717
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 511,957512.0k $17.8m $17.8m 0.00% Reduced -6.4k -6,405
33 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 491,558491.6k $17.1m $17.1m 0.00% Reduced -1.5m -1,487,987
34 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 478,743478.7k $16.7m $16.7m 0.01% Added +26.2k +26,219
35 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 439,681439.7k $18.4m $18.4m 0.01% Unchanged
36 B&I Capital AG 5.08% of their portfolio ZURICH, V8 437,749437.7k $15.2m $15.2m 5.08% Added +122.3k +122,300
37 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 429,948429.9k $15.0m $15.0m 0.02% Reduced -1.5k -1,485
38 FEDERATED HERMES, INC. 0.04% of their portfolio PITTSBURGH, PA 412,883412.9k $14.4m $14.4m 0.04% Reduced -106.7k -106,672
39 Swedbank AB 0.03% of their portfolio STOCKHOLM, V7 410,000410.0k $14.3m $14.3m 0.03% Unchanged
40 WEDGE CAPITAL MANAGEMENT L L P/NC 0.22% of their portfolio CHARLOTTE, NC 399,026399.0k $13.9m $13.9m 0.22% Added +75.2k +75,194
41 NFJ INVESTMENT GROUP, LLC 0.34% of their portfolio DALLAS, TX 369,186369.2k $12.9m $12.9m 0.34% Added +35.1k +35,084
42 CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.23% of their portfolio RADNOR, PA 362,645362.6k $12.6m $12.6m 0.23% Reduced -117.6k -117,598
43 Leeward Investments, LLC - MA 0.59% of their portfolio BOSTON, MA 358,476358.5k $12.5m $12.5m 0.59% Reduced -9.6k -9,634
44 Qube Research & Technologies Ltd 0.05% of their portfolio LONDON, X0 341,116341.1k $11.9m $11.9m 0.05% Added +332.5k +332,512
45 Requisite Capital Management, LLC 2.89% of their portfolio DALLAS, TX 325,980326.0k $11.4m $11.4m 2.89% New
46 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 313,967314.0k $10.9m $10.9m 0.02% Added +63.3k +63,334
47 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 308,192308.2k $10.7m $10.7m 0.01% Reduced -50.3k -50,327
48 TUDOR INVESTMENT CORP ET AL 0.17% of their portfolio STAMFORD, CT 296,593296.6k $10.3m $10.3m 0.17% Added +10.7k +10,705
49 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 274,552274.6k $9.6m $9.6m 0.00% Reduced -20.0k -19,992
50 HEARTLAND ADVISORS INC 0.54% of their portfolio MILWAUKEE, WI 271,975272.0k $9.5m $9.5m 0.54% Added +117.0k +116,975
51 BESSEMER GROUP INC 0.02% of their portfolio WOODBRIDGE, NJ 270,716270.7k $9.4m $9.4m 0.02% Added +9.8k +9,806
52 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 261,074261.1k $9.1m $9.1m 0.01% Reduced -3.3k -3,294
53 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 251,272251.3k $8.8m $8.8m 0.01% Added +191.4k +191,368
54 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 245,199245.2k $8.5m $8.5m 0.01% New
55 American Assets Capital Advisers, LLC 2.13% of their portfolio SAN DIEGO, CA 242,395242.4k $8.4m $8.4m 2.13% Reduced -32.5k -32,492
56 NATIXIS ADVISORS, LLC 0.03% of their portfolio Boston, MA 242,035242.0k $8.4m $8.4m 0.03% Added +60.6k +60,577
57 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 234,040234.0k $8.2m $8.2m 0.00% Added +163.4k +163,379
58 AXXCESS WEALTH MANAGEMENT, LLC 0.58% of their portfolio CARLSBAD, CA 229,862229.9k $8.0m $8.0m 0.58% Added +44.3k +44,302
59 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 228,459228.5k $8.0m $8.0m 0.01% Reduced -997.9k -997,877
60 Utah Retirement Systems 0.11% of their portfolio SALT LAKE CITY, UT 220,171220.2k $7.7m $7.7m 0.11% Unchanged
61 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 219,748219.7k $7.7m $7.7m 0.02% Reduced -14.1k -14,120
62 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 201,273201.3k $7.0m $7.0m 0.00% Reduced -67.6k -67,604
63 ALGERT GLOBAL LLC 0.30% of their portfolio SAN FRANCISCO, CA 199,445199.4k $6.9m $6.9m 0.30% Added +21.1k +21,127
64 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 193,947193.9k $6.8m $6.8m 0.01% Added +31.1k +31,112
65 Swiss National Bank 0.00% of their portfolio ZURICH, V8 182,579182.6k $6.4m $6.4m 0.00% Reduced -3.7k -3,700
66 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 170,386170.4k $5.9m $5.9m 0.00% Added +118.1k +118,120
67 WESTWOOD HOLDINGS GROUP INC 0.05% of their portfolio DALLAS, TX 168,915168.9k $5.9m $5.9m 0.05% New
68 UBS Group AG 0.00% of their portfolio ZURICH, V8 166,157166.2k $5.8m $5.8m 0.00% Reduced -13.0k -12,975
69 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 164,109164.1k $5.7m $5.7m 0.01% Added +4.0k +4,049
70 Callodine Capital Management, LP 1.60% of their portfolio BOSTON, MA 160,000160.0k $5.6m $5.6m 1.60% Added +14.1k +14,108
71 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 154,979155.0k $5.4m $5.4m 0.01% Added +48.5k +48,525
72 Cubist Systematic Strategies, LLC 0.06% of their portfolio STAMFORD, CT 152,289152.3k $5.3m $5.3m 0.06% New
73 ONTARIO TEACHERS PENSION PLAN BOARD 0.05% of their portfolio Toronto, A6 150,867150.9k $5.3m $5.3m 0.05% Added +93.6k +93,595
74 California Public Employees Retirement System 0.00% of their portfolio Sacramento, CA 150,140150.1k $5.2m $5.2m 0.00% Reduced -24.3k -24,257
75 B. Metzler seel. Sohn & Co. AG 0.07% of their portfolio FRANKFURT, 2M 147,780147.8k $5.1m $5.1m 0.07% Added +81.9k +81,908
76 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 145,648145.6k $5.1m $5.1m 0.02% Reduced -10.0k -10,023
77 BOOTHBAY FUND MANAGEMENT, LLC 0.15% of their portfolio NEW YORK, NY 137,729137.7k $4.8m $4.8m 0.15% Reduced -26.2k -26,223
78 Oxbow Advisors, LLC 0.75% of their portfolio Austin, TX 137,074137.1k $4.8m $4.8m 0.75% New
79 CENTAURUS FINANCIAL, INC. 0.42% of their portfolio ANAHEIM, CA 136,148136.1k $4.7m $4.7m 0.42% Added +5.9k +5,922
80 Pacer Advisors, Inc. 0.02% of their portfolio Malvern, PA 135,846135.8k $4.7m $4.7m 0.02% Added +15.9k +15,880
81 Asset Management One Co., Ltd. 0.02% of their portfolio TOKYO, M0 133,801133.8k $4.7m $4.7m 0.02% Reduced -56.1k -56,102
82 MERITAGE PORTFOLIO MANAGEMENT 0.33% of their portfolio OVERLAND PARK, KS 131,842131.8k $4.6m $4.6m 0.33% Added +6.4k +6,369
83 CAPITAL FUND MANAGEMENT S.A. 0.07% of their portfolio PARIS, I0 130,019130.0k $4.5m $4.5m 0.07% Reduced -23.6k -23,587
84 Phocas Financial Corp. 0.61% of their portfolio ALAMEDA, CA 128,804128.8k $4.5m $4.5m 0.61% Reduced -1.7k -1,731
85 Keeley-Teton Advisors, LLC 0.57% of their portfolio Chicago, IL 127,961128.0k $4.5m $4.5m 0.57% Reduced -142 -142
86 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 127,388127.4k $4.4m $4.4m 0.01% Reduced -12.7k -12,662
87 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.04% of their portfolio VICTORIA, A1 125,000125.0k $4.4m $4.4m 0.04% Reduced -45.0k -45,000
88 HRT FINANCIAL LP 0.04% of their portfolio NEW YORK, NY 124,489124.5k $4.3m $4.3m 0.04% New
89 AMERICAN INTERNATIONAL GROUP, INC. 0.03% of their portfolio New York, NY 123,845123.8k $4.3m $4.3m 0.03% Reduced -6.5k -6,548
90 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 120,760120.8k $4.2m $4.2m 0.00% Reduced -45.3k -45,260
91 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 119,512119.5k $4.2m $4.2m 0.00% Reduced -502 -502
92 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 108,123108.1k $3.8m $3.8m 0.00% Added +28.8k +28,839
93 Retirement Systems of Alabama 0.02% of their portfolio MONTGOMERY, AL 105,830105.8k $3.7m $3.7m 0.02% Reduced -4.6k -4,585
94 BURNEY CO/ 0.17% of their portfolio RESTON, VA 104,306104.3k $3.6m $3.6m 0.17% Added +16.6k +16,577
95 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 104,174104.2k $3.6m $3.6m 0.01% Added +2.9k +2,888
96 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 100,596100.6k $3.5m $3.5m 0.00% Reduced -14.8k -14,817
97 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 97,02797.0k $3.4m $3.4m 0.01% Added +86.0k +85,989
98 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 94,54894.5k $3.3m $3.3m 0.00% Reduced -2.4k -2,403
99 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 89,90889.9k $3.1m $3.1m 0.00% Reduced -11.7k -11,686
100 CRAWFORD INVESTMENT COUNSEL INC 0.06% of their portfolio ATLANTA, GA 88,27188.3k $3.1m $3.1m 0.06% New