Vault-13

NATIONAL STORAGE AFFILIATES NSA

COM SHS BEN IN · REIT · CUSIP 637870106

299 institutional holders -36 vs Q2 2023
72,493,82172.5m shares reported held*
$2.3bnreported value*
29 new 120 added 109 reduced 65 sold out net sold ≈ $101.3m (-3.2m 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 ($23.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $31.74. Options: 6 managers hold calls ($2.3m notional), 6 hold puts ($2.0m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 314Q4 22: 317Q1 23: 305Q2 23: 335Q3 23: 299299Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022314
Q4 2022317
Q1 2023305
Q2 2023335
Q3 2023299

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 23Q3 23: 149 bought or addedQ3 23: 174 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022170149
Q1 2023168151
Q2 2023165158
Q3 2023149174

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ4 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 1.43Q3 23 calls: $2.3mQ3 23 puts: $2.0mQ3 23P/C 0.89
Numbers
QuarterCallsPutsP/C
Q4 2022$378.8k$1.2m3.24
Q1 2023$1.9m$1.3m0.69
Q2 2023$1.6m$2.4m1.43
Q3 2023$2.3m$2.0m0.89

Biggest buyers

WASATCH ADVISORS LP Added +1,002,619+1.0m
Point72 Asset Management, L.P. New +698,377+698.4k
Thrivent Financial for Lutherans Added +570,587+570.6k
Balyasny Asset Management L.P. Added +329,908+329.9k
BlackRock Inc. Added +247,921+247.9k
Gillson Capital LP New +135,390+135.4k
Ranger Global Real Estate Advisors, LLC New +119,427+119.4k
MORGAN STANLEY Added +108,264+108.3k
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Added +106,395+106.4k
Amundi Added +102,704+102.7k

Biggest sellers

LORD, ABBETT & CO. LLC Sold out -810,418-810.4k
GOLDMAN SACHS GROUP INC Reduced -585,561-585.6k
MILLENNIUM MANAGEMENT LLC Reduced -536,649-536.6k
FEDERATED HERMES, INC. Reduced -406,417-406.4k
LAZARD ASSET MANAGEMENT LLC Reduced -383,700-383.7k
FMR LLC Reduced -366,345-366.3k
Qube Research & Technologies Ltd Sold out -341,116-341.1k
Requisite Capital Management, LLC Sold out -325,980-326.0k
TUDOR INVESTMENT CORP ET AL Sold out -296,593-296.6k
BESSEMER GROUP INC Reduced -268,319-268.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $974.4k30.7k shares
CITADEL ADVISORS LLC Added $749.1k23.6k shares
BANK OF MONTREAL /CAN/ New $348.8k10.0k shares
GROUP ONE TRADING LLC Added $155.5k4.9k shares
SIMPLEX TRADING, LLC Added $47.0k1.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $895.1k28.2k shares
CITADEL ADVISORS LLC Reduced $790.3k24.9k shares
PEAK6 Investments LLC Added $206.3k6.5k shares
SIMPLEX TRADING, LLC Added $107.0k3.4k shares
GROUP ONE TRADING LLC Unchanged $15.9k500 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 11,593,89911.6m $368.0m $368.0m 0.01% Reduced -78.9k -78,884
2 BlackRock Inc. 0.01% of their portfolio New York, NY 9,449,3009.4m $299.9m $299.9m 0.01% Added +247.9k +247,921
3 WASATCH ADVISORS LP 1.01% of their portfolio SALT LAKE CITY, UT 5,043,1985.0m $160.1m $160.1m 1.01% Added +1.0m +1,002,619
4 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 4,643,9284.6m $147.4m $147.4m 0.01% Added +10.1k +10,132
5 Thrivent Financial for Lutherans 0.16% of their portfolio Minneapolis, MN 2,124,4372.1m $67.4m $67.4m 0.16% Added +570.6k +570,587
6 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,406,0701.4m $44.6m $44.6m 0.01% Added +28.4k +28,378
7 FMR LLC 0.00% of their portfolio BOSTON, MA 1,380,9631.4m $43.8m $43.8m 0.00% Reduced -366.3k -366,345
8 Balyasny Asset Management L.P. 0.12% of their portfolio Chicago, IL 1,359,6571.4m $43.2m $43.2m 0.12% Added +329.9k +329,908
9 VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.48% of their portfolio HOUSTON, TX 1,339,3191.3m $42.5m $42.5m 0.48% Added +106.4k +106,395
10 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 1,329,8461.3m $42.2m $42.2m 0.02% Reduced -89.4k -89,376
11 JENNISON ASSOCIATES LLC 0.04% of their portfolio NEW YORK, NY 1,312,4141.3m $41.7m $41.7m 0.04% Reduced -41.8k -41,770
12 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 1,259,8601.3m $40.0m $40.0m 0.01% Added +64.9k +64,920
13 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 1,219,3251.2m $38.7m $38.7m 0.01% Reduced -21.5k -21,523
14 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 996,256996.3k $31.6m $31.6m 0.01% Added +20.9k +20,940
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 994,388994.4k $31.6m $31.6m 0.00% Added +108.3k +108,264
16 ANCHOR CAPITAL ADVISORS LLC 0.85% of their portfolio Boston, MA 958,483958.5k $30.4m $30.4m 0.85% Reduced -134.3k -134,341
17 TimesSquare Capital Management, LLC 0.46% of their portfolio NEW YORK, NY 929,315929.3k $29.5m $29.5m 0.46% Added +52.6k +52,605
18 CINCINNATI INSURANCE CO 0.56% of their portfolio FAIRFIELD, OH 893,654893.7k $28.4m $28.4m 0.56% Unchanged
19 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 878,630878.6k $27.9m $27.9m 0.01% Added +217 +217
20 NORGES BANK 0.01% of their portfolio OSLO, Q8 857,585857.6k $27.2m $27.2m 0.01% Reduced -77.2k -77,248
21 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 833,462833.5k $26.5m $26.5m 0.01% Reduced -107 -107
22 GW&K Investment Management, LLC 0.24% of their portfolio BOSTON, MA 741,337741.3k $23.5m $23.5m 0.24% Reduced -33.2k -33,164
23 Point72 Asset Management, L.P. 0.08% of their portfolio STAMFORD, CT 698,377698.4k $22.2m $22.2m 0.08% New
24 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 689,029689.0k $21.9m $21.9m 0.00% Reduced -7.8k -7,794
25 KENNEDY CAPITAL MANAGEMENT LLC 0.52% of their portfolio ST LOUIS, MO 673,123673.1k $21.4m $21.4m 0.52% Reduced -4.5k -4,518
26 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 659,113659.1k $20.9m $20.9m 0.01% Reduced -98.3k -98,300
27 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 642,599642.6k $20.4m $20.4m 0.01% Added +66.5k +66,543
28 Legal & General Group Plc 0.01% of their portfolio London, X0 583,407583.4k $18.5m $18.5m 0.01% Reduced -27.1k -27,091
29 Allianz Asset Management GmbH 0.04% of their portfolio MUNICH, 2M 581,971582.0k $18.5m $18.5m 0.04% Reduced -28.1k -28,117
30 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 545,989546.0k $17.3m $17.3m 0.00% Added +54.4k +54,431
31 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 489,436489.4k $15.5m $15.5m 0.01% Added +10.7k +10,693
32 B&I Capital AG 5.07% of their portfolio ZURICH, V8 441,319441.3k $14.0m $14.0m 5.07% Added +3.6k +3,570
33 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 420,395420.4k $13.3m $13.3m 0.00% Reduced -91.6k -91,562
34 NFJ INVESTMENT GROUP, LLC 0.39% of their portfolio DALLAS, TX 418,395418.4k $13.3m $13.3m 0.39% Added +49.2k +49,209
35 Swedbank AB 0.02% of their portfolio STOCKHOLM, V7 410,000410.0k $13.0m $13.0m 0.02% Unchanged
36 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 403,779403.8k $12.8m $12.8m 0.01% Reduced -35.9k -35,902
37 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 356,612356.6k $11.3m $11.3m 0.02% Added +42.6k +42,645
38 Leeward Investments, LLC - MA 0.54% of their portfolio BOSTON, MA 332,865332.9k $10.6m $10.6m 0.54% Reduced -25.6k -25,611
39 CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.20% of their portfolio RADNOR, PA 316,068316.1k $10.0m $10.0m 0.20% Reduced -46.6k -46,577
40 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 313,420313.4k $9.9m $9.9m 0.00% Reduced -585.6k -585,561
41 HEARTLAND ADVISORS INC 0.55% of their portfolio MILWAUKEE, WI 307,025307.0k $9.7m $9.7m 0.55% Added +35.0k +35,050
42 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 305,897305.9k $9.7m $9.7m 0.01% Reduced -2.3k -2,295
43 WEDGE CAPITAL MANAGEMENT L L P/NC 0.18% of their portfolio CHARLOTTE, NC 281,995282.0k $9.0m $9.0m 0.18% Reduced -117.0k -117,031
44 Utah Retirement Systems 0.12% of their portfolio SALT LAKE CITY, UT 264,371264.4k $8.4m $8.4m 0.12% Added +44.2k +44,200
45 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 260,918260.9k $8.3m $8.3m 0.00% Reduced -13.6k -13,634
46 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 258,316258.3k $8.2m $8.2m 0.01% Reduced -2.8k -2,758
47 ALGERT GLOBAL LLC 0.38% of their portfolio SAN FRANCISCO, CA 257,582257.6k $8.2m $8.2m 0.38% Added +58.1k +58,137
48 AXXCESS WEALTH MANAGEMENT, LLC 0.27% of their portfolio CARLSBAD, CA 248,520248.5k $7.9m $7.9m 0.27% Added +18.7k +18,658
49 NATIXIS ADVISORS, LLC 0.02% of their portfolio Boston, MA 245,048245.0k $7.8m $7.8m 0.02% Added +3.0k +3,013
50 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 233,329233.3k $7.4m $7.4m 0.00% Reduced -711 -711
51 Callodine Capital Management, LP 2.02% of their portfolio BOSTON, MA 228,239228.2k $7.2m $7.2m 2.02% Added +68.2k +68,239
52 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 221,586221.6k $7.0m $7.0m 0.02% Added +1.8k +1,838
53 American Assets Capital Advisers, LLC 1.98% of their portfolio SAN DIEGO, CA 221,279221.3k $7.0m $7.0m 1.98% Reduced -21.1k -21,116
54 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 208,999209.0k $6.6m $6.6m 0.01% Added +44.9k +44,890
55 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 205,068205.1k $6.5m $6.5m 0.01% Added +11.1k +11,121
56 WESTWOOD HOLDINGS GROUP INC 0.06% of their portfolio DALLAS, TX 199,173199.2k $6.3m $6.3m 0.06% Added +30.3k +30,258
57 Swiss National Bank 0.00% of their portfolio ZURICH, V8 184,379184.4k $5.9m $5.9m 0.00% Added +1.8k +1,800
58 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 176,223176.2k $5.6m $5.6m 0.01% Added +21.2k +21,244
59 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 174,681174.7k $5.5m $5.5m 0.01% Reduced -53.8k -53,778
60 BOOTHBAY FUND MANAGEMENT, LLC 0.17% of their portfolio NEW YORK, NY 165,129165.1k $5.2m $5.2m 0.17% Added +27.4k +27,400
61 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 163,861163.9k $5.2m $5.2m 0.00% Added +55.7k +55,738
62 Amundi 0.00% of their portfolio Paris, I0 163,842163.8k $5.1m $5.1m 0.00% Added +102.7k +102,704
63 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 157,376157.4k $5.0m $5.0m 0.00% Reduced -43.9k -43,897
64 California Public Employees Retirement System 0.00% of their portfolio Sacramento, CA 156,173156.2k $5.0m $5.0m 0.00% Added +6.0k +6,033
65 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 155,713155.7k $4.9m $4.9m 0.00% Reduced -14.7k -14,673
66 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 152,105152.1k $4.8m $4.8m 0.02% Added +6.5k +6,457
67 CENTAURUS FINANCIAL, INC. 0.40% of their portfolio ANAHEIM, CA 144,762144.8k $4.6m $4.6m 0.40% Added +8.6k +8,614
68 KICKSTAND VENTURES, LLC. 1.41% of their portfolio PITTSFORD, NY 143,034143.0k $4.5m $4.5m 1.41% First filing
69 Oxbow Advisors, LLC 0.68% of their portfolio Austin, TX 135,686135.7k $4.3m $4.3m 0.68% Reduced -1.4k -1,388
70 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 135,482135.5k $4.3m $4.3m 0.01% Added +8.1k +8,094
71 Gillson Capital LP 0.32% of their portfolio CHICAGO, IL 135,390135.4k $4.3m $4.3m 0.32% New
72 UBS Group AG 0.00% of their portfolio ZURICH, V8 134,868134.9k $4.3m $4.3m 0.00% Reduced -31.3k -31,289
73 Pacer Advisors, Inc. 0.02% of their portfolio Malvern, PA 132,425132.4k $4.2m $4.2m 0.02% Reduced -3.4k -3,421
74 Asset Management One Co., Ltd. 0.02% of their portfolio TOKYO, M0 129,233129.2k $4.1m $4.1m 0.02% Reduced -4.6k -4,568
75 Phocas Financial Corp. 0.59% of their portfolio ALAMEDA, CA 128,682128.7k $4.1m $4.1m 0.59% Reduced -122 -122
76 Keeley-Teton Advisors, LLC 0.56% of their portfolio Chicago, IL 124,574124.6k $4.0m $4.0m 0.56% Reduced -3.4k -3,387
77 Ranger Global Real Estate Advisors, LLC 0.57% of their portfolio DENVER, CO 119,427119.4k $3.8m $3.8m 0.57% New
78 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 118,998119.0k $3.8m $3.8m 0.00% Reduced -514 -514
79 AMERICAN INTERNATIONAL GROUP, INC. 0.02% of their portfolio New York, NY 116,900116.9k $3.7m $3.7m 0.02% Reduced -6.9k -6,945
80 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 114,039114.0k $3.6m $3.6m 0.00% Reduced -6.7k -6,721
81 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 107,645107.6k $3.4m $3.4m 0.01% Reduced -137.6k -137,554
82 BURNEY CO/ 0.16% of their portfolio RESTON, VA 107,609107.6k $3.4m $3.4m 0.16% Added +3.3k +3,303
83 CRAWFORD INVESTMENT COUNSEL INC 0.07% of their portfolio ATLANTA, GA 104,500104.5k $3.3m $3.3m 0.07% Added +16.2k +16,229
84 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 103,974104.0k $3.3m $3.3m 0.01% Reduced -200 -200
85 Retirement Systems of Alabama 0.02% of their portfolio MONTGOMERY, AL 103,623103.6k $3.3m $3.3m 0.02% Reduced -2.2k -2,207
86 ONTARIO TEACHERS PENSION PLAN BOARD 0.03% of their portfolio Toronto, A6 94,52694.5k $3.0m $3.0m 0.03% Reduced -56.3k -56,341
87 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 92,62292.6k $2.9m $2.9m 0.00% Reduced -1.9k -1,926
88 B. Metzler seel. Sohn & Co. AG 0.04% of their portfolio FRANKFURT, 2M 92,34792.3k $2.9m $2.9m 0.04% Reduced -55.4k -55,433
89 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 91,95092.0k $2.9m $2.9m 0.00% Reduced -8.6k -8,646
90 Holocene Advisors, LP 0.01% of their portfolio New York, NY 90,88290.9k $2.9m $2.9m 0.01% Added +29.5k +29,456
91 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 90,50090.5k $2.9m $2.9m 0.01% Added +3.0k +2,980
92 CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio PARIS, I0 84,71584.7k $2.7m $2.7m 0.04% Reduced -45.3k -45,304
93 ALLSTATE CORP 0.15% of their portfolio NORTHBROOK, IL 82,57682.6k $2.6m $2.6m 0.15% Added +67.7k +67,720
94 CINCINNATI FINANCIAL CORP 0.06% of their portfolio CINCINNATI, OH 82,03082.0k $2.6m $2.6m 0.06% Unchanged
95 Castellan Group 1.81% of their portfolio LOUISVILLE, KY 80,99881.0k $2.6m $2.6m 1.81% Added +14.1k +14,098
96 XML Financial, LLC 0.30% of their portfolio BETHESDA, MD 78,17578.2k $2.5m $2.5m 0.30% Added +22.1k +22,050
97 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 77,85177.9k $2.5m $2.5m 0.00% Reduced -12.1k -12,057
98 Penn Mutual Asset Management 2.25% of their portfolio Conshohocken, PA 75,50075.5k $2.4m $2.4m 2.25% Reduced -3.8k -3,800
99 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 74,03174.0k $2.3m $2.3m 0.00% New
100 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 73,35373.4k $2.3m $2.3m 0.01% Added +7.9k +7,911