Vault-13

NATIONAL STORAGE AFFILIATES NSA

COM SHS BEN IN · REIT · CUSIP 637870106

307 institutional holders +8 vs Q3 2023
72,807,38372.8m shares reported held*
$3.0bnreported value*
36 new 84 added 140 reduced 35 sold out net bought ≈ $5.3m (+128.4k 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 ($29.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.47. Options: 6 managers hold calls ($2.6m notional), 7 hold puts ($2.2m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 314Q4 22: 317Q1 23: 305Q2 23: 335Q3 23: 299Q4 23: 307307Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022314
Q4 2022317
Q1 2023305
Q2 2023335
Q3 2023299
Q4 2023307

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 23Q4 23: 120 bought or addedQ4 23: 175 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022170149
Q1 2023168151
Q2 2023165158
Q3 2023149174
Q4 2023120175

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ1 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 0.89Q4 23 calls: $2.6mQ4 23 puts: $2.2mQ4 23P/C 0.86
Numbers
QuarterCallsPutsP/C
Q1 2023$1.9m$1.3m0.69
Q2 2023$1.6m$2.4m1.43
Q3 2023$2.3m$2.0m0.89
Q4 2023$2.6m$2.2m0.86

Biggest buyers

Balyasny Asset Management L.P. Added +950,171+950.2k
WASATCH ADVISORS LP Added +412,094+412.1k
JPMORGAN CHASE & CO Added +395,251+395.3k
MORGAN STANLEY Added +389,780+389.8k
Thrivent Financial for Lutherans Added +269,175+269.2k
Bank of New York Mellon Corp Added +251,735+251.7k
WELLINGTON MANAGEMENT GROUP LLP Added +181,644+181.6k
HEARTLAND ADVISORS INC Added +168,825+168.8k
Lighthouse Investment Partners, LLC New +140,000+140.0k
HRT FINANCIAL LP New +134,305+134.3k

Biggest sellers

VANGUARD GROUP INC Reduced -507,780-507.8k
BlackRock Inc. Reduced -418,328-418.3k
GOLDMAN SACHS GROUP INC Reduced -249,506-249.5k
WESTWOOD HOLDINGS GROUP INC Sold out -199,173-199.2k
AXXCESS WEALTH MANAGEMENT, LLC Reduced -192,349-192.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -191,349-191.3k
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Reduced -154,915-154.9k
KICKSTAND VENTURES, LLC. Sold out -143,034-143.0k
Oxbow Advisors, LLC Sold out -135,686-135.7k
Gillson Capital LP Sold out -135,390-135.4k

Biggest calls

CITADEL ADVISORS LLC Added $1.6m39.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $775.5k18.7k shares
PEAK6 Investments LLC New $91.2k2.2k shares
GROUP ONE TRADING LLC Reduced $49.8k1.2k shares
SIMPLEX TRADING, LLC Reduced $33.0k800 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $792.1k19.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $792.1k19.1k shares
JANE STREET GROUP, LLC New $257.1k6.2k shares
PEAK6 Investments LLC Reduced $223.9k5.4k shares
SIMPLEX TRADING, LLC Reduced $103.0k2.5k shares
GROUP ONE TRADING LLC Added $41.5k1.0k 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.

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), WASATCH ADVISORS LP (2.4%, 2025-11-12)

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 11,086,11911.1m $459.7m $459.7m 0.01% Reduced -507.8k -507,780
2 BlackRock Inc. 0.01% of their portfolio New York, NY 9,030,9729.0m $374.5m $374.5m 0.01% Reduced -418.3k -418,328
3 WASATCH ADVISORS LP 1.25% of their portfolio SALT LAKE CITY, UT 5,455,2925.5m $226.2m $226.2m 1.25% Added +412.1k +412,094
4 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 4,568,7074.6m $189.5m $189.5m 0.01% Reduced -75.2k -75,221
5 Thrivent Financial for Lutherans 0.22% of their portfolio Minneapolis, MN 2,393,6122.4m $99.3m $99.3m 0.22% Added +269.2k +269,175
6 Balyasny Asset Management L.P. 0.27% of their portfolio Chicago, IL 2,309,8282.3m $95.8m $95.8m 0.27% Added +950.2k +950,171
7 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,399,9231.4m $58.1m $58.1m 0.01% Reduced -6.1k -6,147
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,384,1681.4m $57.4m $57.4m 0.00% Added +389.8k +389,780
9 JENNISON ASSOCIATES LLC 0.04% of their portfolio NEW YORK, NY 1,353,6071.4m $56.1m $56.1m 0.04% Added +41.2k +41,193
10 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 1,347,0791.3m $55.9m $55.9m 0.02% Added +17.2k +17,233
11 FMR LLC 0.00% of their portfolio BOSTON, MA 1,320,7601.3m $54.8m $54.8m 0.00% Reduced -60.2k -60,203
12 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio Boston, MA 1,266,9561.3m $52.5m $52.5m 0.02% Added +7.1k +7,096
13 VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.49% of their portfolio HOUSTON, TX 1,184,4041.2m $49.1m $49.1m 0.49% Reduced -154.9k -154,915
14 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 1,120,0721.1m $46.5m $46.5m 0.01% Reduced -99.3k -99,253
15 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,085,1971.1m $45.0m $45.0m 0.01% Added +251.7k +251,735
16 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 1,060,2741.1m $44.0m $44.0m 0.01% Added +181.6k +181,644
17 ANCHOR CAPITAL ADVISORS LLC 1.12% of their portfolio Boston, MA 1,020,6291.0m $42.3m $42.3m 1.12% Added +62.1k +62,146
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 977,703977.7k $40.5m $40.5m 0.01% Reduced -18.6k -18,553
19 TimesSquare Capital Management, LLC 0.56% of their portfolio NEW YORK, NY 917,875917.9k $38.1m $38.1m 0.56% Reduced -11.4k -11,440
20 CINCINNATI INSURANCE CO 0.67% of their portfolio FAIRFIELD, OH 893,654893.7k $37.1m $37.1m 0.67% Unchanged
21 NORGES BANK 0.01% of their portfolio OSLO, Q8 881,760881.8k $36.6m $36.6m 0.01% Added +24.2k +24,175
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 815,646815.6k $33.8m $33.8m 0.00% Added +395.3k +395,251
23 Point72 Asset Management, L.P. 0.10% of their portfolio STAMFORD, CT 778,235778.2k $32.3m $32.3m 0.10% Added +79.9k +79,858
24 GW&K Investment Management, LLC 0.28% of their portfolio BOSTON, MA 717,067717.1k $29.7m $29.7m 0.28% Reduced -24.3k -24,270
25 JANUS HENDERSON GROUP PLC 0.02% of their portfolio LONDON, X0 652,172652.2k $27.0m $27.0m 0.02% Added +9.6k +9,573
26 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 617,883617.9k $25.6m $25.6m 0.00% Reduced -71.1k -71,146
27 Legal & General Group Plc 0.01% of their portfolio London, X0 609,485609.5k $25.3m $25.3m 0.01% Added +26.1k +26,078
28 KENNEDY CAPITAL MANAGEMENT LLC 0.54% of their portfolio ST LOUIS, MO 593,875593.9k $24.6m $24.6m 0.54% Reduced -79.2k -79,248
29 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 548,919548.9k $22.8m $22.8m 0.01% Reduced -110.2k -110,194
30 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 534,625534.6k $22.2m $22.2m 0.01% Reduced -11.4k -11,364
31 Allianz Asset Management GmbH 0.04% of their portfolio MUNICH, 2M 490,940490.9k $20.4m $20.4m 0.04% Reduced -91.0k -91,031
32 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 490,838490.8k $20.4m $20.4m 0.01% Added +1.4k +1,402
33 HEARTLAND ADVISORS INC 1.03% of their portfolio MILWAUKEE, WI 475,850475.9k $19.7m $19.7m 1.03% Added +168.8k +168,825
34 B&I Capital AG 5.53% of their portfolio ZURICH, V8 423,819423.8k $17.6m $17.6m 5.53% Reduced -17.5k -17,500
35 Swedbank AB 0.03% of their portfolio STOCKHOLM, V7 410,000410.0k $17.0m $17.0m 0.03% Unchanged
36 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 393,188393.2k $16.3m $16.3m 0.01% Reduced -10.6k -10,591
37 Leeward Investments, LLC - MA 0.64% of their portfolio BOSTON, MA 330,367330.4k $13.7m $13.7m 0.64% Reduced -2.5k -2,498
38 NFJ INVESTMENT GROUP, LLC 0.37% of their portfolio DALLAS, TX 326,032326.0k $13.5m $13.5m 0.37% Reduced -92.4k -92,363
39 CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.24% of their portfolio RADNOR, PA 316,068316.1k $13.1m $13.1m 0.24% Unchanged
40 WEDGE CAPITAL MANAGEMENT L L P/NC 0.21% of their portfolio CHARLOTTE, NC 284,735284.7k $11.8m $11.8m 0.21% Added +2.7k +2,740
41 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 284,620284.6k $11.8m $11.8m 0.02% Reduced -72.0k -71,992
42 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 283,855283.9k $11.8m $11.8m 0.01% Reduced -22.0k -22,042
43 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 264,553264.6k $11.0m $11.0m 0.01% Added +89.9k +89,872
44 Utah Retirement Systems 0.14% of their portfolio SALT LAKE CITY, UT 264,371264.4k $11.0m $11.0m 0.14% Unchanged
45 NATIXIS ADVISORS, LLC 0.03% of their portfolio Boston, MA 254,704254.7k $10.6m $10.6m 0.03% Added +9.7k +9,656
46 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 241,460241.5k $10.0m $10.0m 0.01% Reduced -16.9k -16,856
47 Callodine Capital Management, LP 2.54% of their portfolio BOSTON, MA 232,600232.6k $9.6m $9.6m 2.54% Added +4.4k +4,361
48 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 224,626224.6k $9.3m $9.3m 0.00% Reduced -8.7k -8,703
49 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 223,247223.2k $9.3m $9.3m 0.02% Added +1.7k +1,661
50 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 217,348217.3k $9.0m $9.0m 0.01% Added +12.3k +12,280
51 ALGERT GLOBAL LLC 0.36% of their portfolio SAN FRANCISCO, CA 212,790212.8k $8.8m $8.8m 0.36% Reduced -44.8k -44,792
52 CRAWFORD INVESTMENT COUNSEL INC 0.14% of their portfolio ATLANTA, GA 172,513172.5k $7.2m $7.2m 0.14% Added +68.0k +68,013
53 American Assets Capital Advisers, LLC 2.02% of their portfolio SAN DIEGO, CA 171,826171.8k $7.1m $7.1m 2.02% Reduced -49.5k -49,453
54 Swiss National Bank 0.01% of their portfolio ZURICH, V8 167,079167.1k $6.9m $6.9m 0.01% Reduced -17.3k -17,300
55 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 160,665160.7k $6.7m $6.7m 0.00% Reduced -3.2k -3,196
56 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 153,970154.0k $6.4m $6.4m 0.00% Reduced -3.4k -3,406
57 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 152,568152.6k $6.3m $6.3m 0.01% Reduced -23.7k -23,655
58 California Public Employees Retirement System 0.00% of their portfolio Sacramento, CA 149,554149.6k $6.2m $6.2m 0.00% Reduced -6.6k -6,619
59 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 145,300145.3k $6.0m $6.0m 0.02% Reduced -6.8k -6,805
60 Lighthouse Investment Partners, LLC 0.42% of their portfolio Palm Beach Gardens, FL 140,000140.0k $5.8m $5.8m 0.42% New
61 CENTAURUS FINANCIAL, INC. 0.44% of their portfolio ANAHEIM, CA 139,792139.8k $5.8m $5.8m 0.44% Reduced -5.0k -4,970
62 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 136,115136.1k $5.6m $5.6m 0.00% Reduced -124.8k -124,803
63 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 135,704135.7k $5.6m $5.6m 0.01% Added +222 +222
64 HRT FINANCIAL LP 0.04% of their portfolio NEW YORK, NY 134,305134.3k $5.6m $5.6m 0.04% New
65 MERITAGE PORTFOLIO MANAGEMENT 0.36% of their portfolio OVERLAND PARK, KS 131,191131.2k $5.4m $5.4m 0.36% Added +64.1k +64,082
66 Phocas Financial Corp. 0.72% of their portfolio ALAMEDA, CA 130,989131.0k $5.4m $5.4m 0.72% Added +2.3k +2,307
67 WHITTIER TRUST CO 0.09% of their portfolio SOUTH PASADENA, CA 126,721126.7k $5.3m $5.3m 0.09% Added +123.6k +123,592
68 ONTARIO TEACHERS PENSION PLAN BOARD 0.05% of their portfolio Toronto, A6 125,959126.0k $5.2m $5.2m 0.05% Added +31.4k +31,433
69 BOOTHBAY FUND MANAGEMENT, LLC 0.18% of their portfolio NEW YORK, NY 122,394122.4k $5.1m $5.1m 0.18% Reduced -42.7k -42,735
70 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 119,048119.0k $4.9m $4.9m 0.00% Added +50 +50
71 Asset Management One Co., Ltd. 0.02% of their portfolio TOKYO, M0 119,025119.0k $5.0m $5.0m 0.02% Reduced -10.2k -10,208
72 Keeley-Teton Advisors, LLC 0.63% of their portfolio Chicago, IL 116,981117.0k $4.9m $4.9m 0.63% Reduced -7.6k -7,593
73 Redwood Investment Management, LLC 0.42% of their portfolio SCOTTSDALE, AZ 111,160111.2k $4.6m $4.6m 0.42% New
74 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 111,062111.1k $4.6m $4.6m 0.00% Reduced -44.7k -44,651
75 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 109,564109.6k $4.5m $4.5m 0.01% Added +40.7k +40,659
76 Pacer Advisors, Inc. 0.01% of their portfolio Malvern, PA 108,813108.8k $4.5m $4.5m 0.01% Reduced -23.6k -23,612
77 Edgestream Partners, L.P. 0.32% of their portfolio Princeton, NJ 107,613107.6k $4.5m $4.5m 0.32% New
78 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 106,436106.4k $4.4m $4.4m 0.00% Reduced -7.6k -7,603
79 AMERICAN INTERNATIONAL GROUP, INC. 0.02% of their portfolio New York, NY 104,394104.4k $4.3m $4.3m 0.02% Reduced -12.5k -12,506
80 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 102,913102.9k $4.3m $4.3m 0.01% Reduced -1.1k -1,061
81 B. Metzler seel. Sohn & Co. AG 0.05% of their portfolio FRANKFURT, 2M 102,869102.9k $4.3m $4.3m 0.05% Added +10.5k +10,522
82 TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio STAMFORD, CT 98,54798.5k $4.1m $4.1m 0.06% New
83 Retirement Systems of Alabama 0.02% of their portfolio MONTGOMERY, AL 96,77096.8k $4.0m $4.0m 0.02% Reduced -6.9k -6,853
84 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 95,27895.3k $4.0m $4.0m 0.00% Added +38.5k +38,455
85 CAPITAL FUND MANAGEMENT S.A. 0.05% of their portfolio PARIS, I0 95,24095.2k $3.9m $3.9m 0.05% Added +10.5k +10,525
86 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 90,40690.4k $3.7m $3.7m 0.00% Added +68.0k +68,030
87 XML Financial, LLC 0.39% of their portfolio BETHESDA, MD 89,72789.7k $3.7m $3.7m 0.39% Added +11.6k +11,552
88 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 88,91888.9k $3.7m $3.7m 0.01% Reduced -3.0k -3,032
89 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 88,91088.9k $3.7m $3.7m 0.00% Reduced -3.7k -3,712
90 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 86,35086.3k $3.6m $3.6m 0.01% Reduced -4.2k -4,150
91 CINCINNATI FINANCIAL CORP 0.07% of their portfolio CINCINNATI, OH 82,03082.0k $3.4m $3.4m 0.07% Unchanged
92 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 77,80277.8k $3.2m $3.2m 0.00% Reduced -29.8k -29,843
93 Penn Mutual Asset Management 2.41% of their portfolio Conshohocken, PA 75,50075.5k $3.1m $3.1m 2.41% Unchanged
94 Castellan Group 1.91% of their portfolio LOUISVILLE, KY 74,04874.0k $3.1m $3.1m 1.91% Reduced -7.0k -6,950
95 GUGGENHEIM CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 73,92973.9k $3.1m $3.1m 0.02% Added +7.4k +7,352
96 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 73,35373.4k $3.0m $3.0m 0.01% Unchanged
97 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 72,99873.0k $3.0m $3.0m 0.00% Reduced -4.9k -4,853
98 OPPENHEIMER ASSET MANAGEMENT INC. 0.04% of their portfolio NEW YORK, NY 72,60272.6k $3.0m $3.0m 0.04% Added +1.0k +1,021
99 Advisory Alpha, LLC 0.14% of their portfolio HOLLAND, MI 72,56972.6k $3.0m $3.0m 0.14% Added +369 +369
100 UBS Group AG 0.00% of their portfolio ZURICH, V8 70,69870.7k $2.9m $2.9m 0.00% Reduced -64.2k -64,170