Vault-13

NATIONAL STORAGE AFFILIATES NSA

COM SHS BEN IN · REIT · CUSIP 637870106

340 institutional holders -9 vs Q4 2024
67,774,86667.8m shares reported held*
$2.7bnreported value*
39 new 144 added 101 reduced 45 sold out net bought ≈ $73.4m (+1.9m 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 ($54.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $39.46. Options: 5 managers hold calls ($1.4m notional), 3 hold puts ($645.8k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 314Q4 22: 317Q1 23: 305Q2 23: 335Q3 23: 299Q4 23: 307Q1 24: 321Q2 24: 359Q3 24: 353Q4 24: 349Q1 25: 340340Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022314
Q4 2022317
Q1 2023305
Q2 2023335
Q3 2023299
Q4 2023307
Q1 2024321
Q2 2024359
Q3 2024353
Q4 2024349
Q1 2025340

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 23: 165 bought or addedQ2 23: 158 cut or sold outQ3 23: 149 bought or addedQ3 23: 174 cut or sold outQ3 23Q4 23: 120 bought or addedQ4 23: 175 cut or sold outQ1 24: 145 bought or addedQ1 24: 151 cut or sold outQ1 24Q2 24: 167 bought or addedQ2 24: 171 cut or sold outQ3 24: 144 bought or addedQ3 24: 194 cut or sold outQ3 24Q4 24: 164 bought or addedQ4 24: 155 cut or sold outQ1 25: 183 bought or addedQ1 25: 146 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023165158
Q3 2023149174
Q4 2023120175
Q1 2024145151
Q2 2024167171
Q3 2024144194
Q4 2024164155
Q1 2025183146

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ2 24 calls: $3.4mQ2 24 puts: $795.0kQ2 24P/C 0.24Q3 24 calls: $1.6mQ3 24 puts: $847.6kQ3 24P/C 0.52Q4 24 calls: $1.3mQ4 24 puts: $602.0kQ4 24P/C 0.47Q1 25 calls: $1.4mQ1 25 puts: $645.8kQ1 25P/C 0.47
Numbers
QuarterCallsPutsP/C
Q2 2024$3.4m$795.0k0.24
Q3 2024$1.6m$847.6k0.52
Q4 2024$1.3m$602.0k0.47
Q1 2025$1.4m$645.8k0.47

Biggest buyers

PRUDENTIAL FINANCIAL INC Added +1,352,292+1.4m
CITADEL ADVISORS LLC Added +598,378+598.4k
Gillson Capital LP New +406,445+406.4k
Schonfeld Strategic Advisors LLC Added +284,646+284.6k
Lighthouse Investment Partners, LLC New +272,300+272.3k
MetLife Investment Management, LLC Added +262,265+262.3k
Thrivent Financial for Lutherans Added +168,547+168.5k
Daiwa Securities Group Inc. Added +154,821+154.8k
VOYA INVESTMENT MANAGEMENT LLC Added +150,997+151.0k
FMR LLC Added +142,775+142.8k

Biggest sellers

WASATCH ADVISORS LP Reduced -666,283-666.3k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -354,451-354.5k
TimesSquare Capital Management, LLC Reduced -310,200-310.2k
Woodline Partners LP Sold out -302,399-302.4k
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -290,919-290.9k
NORTHERN TRUST CORP Reduced -264,878-264.9k
JENNISON ASSOCIATES LLC Reduced -249,761-249.8k
Balyasny Asset Management L.P. Reduced -190,466-190.5k
WINTON GROUP Ltd Sold out -133,346-133.3k
FRANKLIN RESOURCES INC Reduced -98,805-98.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $705.3k17.9k shares
CITADEL ADVISORS LLC Added $571.3k14.5k shares
SIMPLEX TRADING, LLC New $55.0k1.4k shares
GROUP ONE TRADING LLC Reduced $35.5k900 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $606.8k15.4k shares
SIMPLEX TRADING, LLC Added $39.0k1.0k 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)

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 9,706,1139.7m $382.4m $382.4m 0.01% Reduced -53.3k -53,303
2 BlackRock, Inc. 0.01% of their portfolio New York, NY 8,254,2078.3m $325.2m $325.2m 0.01% Reduced -95.5k -95,469
3 WASATCH ADVISORS LP 1.32% of their portfolio SALT LAKE CITY, UT 6,012,8976.0m $236.9m $236.9m 1.32% Reduced -666.3k -666,283
4 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 3,804,8763.8m $149.9m $149.9m 0.01% Added +35.9k +35,918
5 Thrivent Financial for Lutherans 0.24% of their portfolio Minneapolis, MN 2,716,6922.7m $107.0m $107.0m 0.24% Added +168.5k +168,547
6 Capital World Investors 0.01% of their portfolio LOS ANGELES, CA 1,941,5581.9m $76.5m $76.5m 0.01% Unchanged
7 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,422,3091.4m $56.1m $56.1m 0.00% Added +73.6k +73,581
8 PRUDENTIAL FINANCIAL INC 0.09% of their portfolio NEWARK, NJ 1,393,4761.4m $60.1m $60.1m 0.09% Added +1.4m +1,352,292
9 Balyasny Asset Management L.P. 0.11% of their portfolio Chicago, IL 1,156,9711.2m $45.6m $45.6m 0.11% Reduced -190.5k -190,466
10 JENNISON ASSOCIATES LLC 0.03% of their portfolio NEW YORK, NY 1,071,9721.1m $42.2m $42.2m 0.03% Reduced -249.8k -249,761
11 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 1,043,5251.0m $41.1m $41.1m 0.01% Added +14.3k +14,345
12 FMR LLC 0.00% of their portfolio BOSTON, MA 1,032,4741.0m $40.7m $40.7m 0.00% Added +142.8k +142,775
13 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,005,4121.0m $39.6m $39.6m 0.01% Reduced -7.0k -6,999
14 ANCHOR CAPITAL ADVISORS LLC 1.08% of their portfolio Boston, MA 917,337917.3k $36.1m $36.1m 1.08% Added +10.9k +10,926
15 CINCINNATI INSURANCE CO 0.62% of their portfolio FAIRFIELD, OH 893,654893.7k $35.2m $35.2m 0.62% Unchanged
16 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 842,602842.6k $33.2m $33.2m 0.01% Reduced -24.3k -24,346
17 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 817,090817.1k $32.2m $32.2m 0.03% Added +598.4k +598,378
18 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 813,999814.0k $32.1m $32.1m 0.00% Reduced -264.9k -264,878
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 804,867804.9k $31.7m $31.7m 0.00% Added +18.4k +18,371
20 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 801,008801.0k $31.6m $31.6m 0.01% Reduced -290.9k -290,919
21 TimesSquare Capital Management, LLC 0.51% of their portfolio NEW YORK, NY 800,584800.6k $31.5m $31.5m 0.51% Reduced -310.2k -310,200
22 GW&K Investment Management, LLC 0.28% of their portfolio BOSTON, MA 778,132778.1k $30.7m $30.7m 0.28% Added +4.6k +4,609
23 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 764,738764.7k $30.1m $30.1m 0.01% Added +38.6k +38,573
24 NORGES BANK 0.00% of their portfolio OSLO, Q8 705,263705.3k $27.8m $27.8m 0.00% Unchanged
25 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 671,042671.0k $26.4m $26.4m 0.02% Reduced -71.9k -71,917
26 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 587,150587.1k $23.1m $23.1m 0.01% First filing
27 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 543,350543.4k $21.0m $21.0m 0.01% Added +9.2k +9,167
28 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 535,525535.5k $21.1m $21.1m 0.01% Added +1.7k +1,713
29 Schonfeld Strategic Advisors LLC 0.14% of their portfolio NEW YORK, NY 523,491523.5k $20.6m $20.6m 0.14% Added +284.6k +284,646
30 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 497,003497.0k $19.6m $19.6m 0.00% Added +22.6k +22,641
31 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 484,496484.5k $19.1m $19.1m 0.03% Reduced -42.9k -42,859
32 HEARTLAND ADVISORS INC 1.00% of their portfolio MILWAUKEE, WI 440,400440.4k $17.4m $17.4m 1.00% Reduced -100 -100
33 Leeward Investments, LLC - MA 0.91% of their portfolio BOSTON, MA 434,065434.1k $17.1m $17.1m 0.91% Added +49.8k +49,832
34 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 426,298426.3k $16.8m $16.8m 0.02% Added +32.1k +32,140
35 UBS Group AG 0.00% of their portfolio ZURICH, V8 422,727422.7k $16.7m $16.7m 0.00% Added +120.9k +120,852
36 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 410,870410.9k $16.2m $16.2m 0.01% Added +58.6k +58,619
37 Gillson Capital LP 1.37% of their portfolio CHICAGO, IL 406,445406.4k $16.0m $16.0m 1.37% New
38 Legal & General Group Plc 0.00% of their portfolio London, X0 383,185383.2k $15.1m $15.1m 0.00% Added +5.7k +5,653
39 APG Asset Management US Inc. 0.10% of their portfolio New York, NY 344,780344.8k $13.4m $13.4m 0.10% Reduced -57.3k -57,313
40 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 333,686333.7k $13.1m $13.1m 0.01% Added +151.0k +150,997
41 CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.19% of their portfolio RADNOR, PA 316,068316.1k $12.5m $12.5m 0.19% Unchanged
42 KENNEDY CAPITAL MANAGEMENT LLC 0.30% of their portfolio ST LOUIS, MO 314,218314.2k $12.4m $12.4m 0.30% Added +139.7k +139,694
43 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 312,347312.3k $12.3m $12.3m 0.00% Reduced -636 -636
44 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 306,769306.8k $12.1m $12.1m 0.00% Added +85.9k +85,938
45 MetLife Investment Management, LLC 0.06% of their portfolio Whippany, NJ 303,860303.9k $12.0m $12.0m 0.06% Added +262.3k +262,265
46 Lighthouse Investment Partners, LLC 0.49% of their portfolio Palm Beach Gardens, FL 272,300272.3k $10.7m $10.7m 0.49% New
47 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 259,664259.7k $10.2m $10.2m 0.00% Added +100.0k +100,011
48 D. SCOTT NEAL, INC. 5.63% of their portfolio LEXINGTON, KY 257,693257.7k $10.2m $10.2m 5.63% Reduced -6.9k -6,899
49 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 249,893249.9k $9.8m $9.8m 0.00% Reduced -16.2k -16,175
50 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 231,731231.7k $9.1m $9.1m 0.01% Added +8.8k +8,848
51 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 214,124214.1k $8.4m $8.4m 0.00% Reduced -98.8k -98,805
52 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 211,098211.1k $8.3m $8.3m 0.01% Reduced -33.0k -32,959
53 HANCOCK WHITNEY CORP 0.27% of their portfolio GULFPORT, MS 206,318206.3k $8.1m $8.1m 0.27% Added +12.0k +12,038
54 Quantinno Capital Management LP 0.05% of their portfolio NEW YORK, NY 202,592202.6k $8.0m $8.0m 0.05% Reduced -9.8k -9,808
55 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 198,761198.8k $7.8m $7.8m 0.01% Reduced -3.1k -3,101
56 CRAWFORD INVESTMENT COUNSEL INC 0.14% of their portfolio ATLANTA, GA 193,403193.4k $7.6m $7.6m 0.14% Added +10.5k +10,510
57 Daiwa Securities Group Inc. 0.03% of their portfolio CHIYODA-KU,TOKYO, M0 178,045178.0k $7.0m $7.0m 0.03% Added +154.8k +154,821
58 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 172,252172.3k $6.8m $6.8m 0.00% Added +11.9k +11,879
59 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 170,500170.5k $6.7m $6.7m 0.01% Added +25.9k +25,900
60 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 161,381161.4k $6.4m $6.4m 0.00% Added +367 +367
61 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 156,668156.7k $6.2m $6.2m 0.00% Added +23.7k +23,676
62 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 147,172147.2k $5.8m $5.8m 0.01% Added +9.8k +9,845
63 Sound Income Strategies, LLC 0.33% of their portfolio FT LAUDERDALE, FL 142,558142.6k $5.6m $5.6m 0.33% Added +141.7k +141,733
64 Swiss National Bank 0.00% of their portfolio ZURICH, V8 140,379140.4k $5.5m $5.5m 0.00% Reduced -1.6k -1,600
65 PEREGRINE CAPITAL MANAGEMENT LLC 0.18% of their portfolio MINNEAPOLIS, MN 137,420137.4k $5.4m $5.4m 0.18% Added +137.1k +137,130
66 Alyeska Investment Group, L.P. 0.02% of their portfolio CHICAGO, IL 131,096131.1k $5.2m $5.2m 0.02% New
67 California Public Employees Retirement System 0.00% of their portfolio Sacramento, CA 129,851129.9k $5.1m $5.1m 0.00% Reduced -3.3k -3,334
68 WEDGE CAPITAL MANAGEMENT L L P/NC 0.10% of their portfolio CHARLOTTE, NC 129,784129.8k $5.1m $5.1m 0.10% Reduced -59.6k -59,587
69 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 126,136126.1k $5.0m $5.0m 0.00% Added +17.2k +17,178
70 CENTAURUS FINANCIAL, INC. 0.30% of their portfolio ANAHEIM, CA 125,713125.7k $5.0m $5.0m 0.30% Added +650 +650
71 ONTARIO TEACHERS PENSION PLAN BOARD 0.07% of their portfolio Toronto, A6 122,704122.7k $4.8m $4.8m 0.07% Added +17.5k +17,522
72 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 120,804120.8k $4.8m $4.8m 0.02% Reduced -3.2k -3,222
73 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 118,428118.4k $4.7m $4.7m 0.01% Added +11.6k +11,607
74 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 110,289110.3k $4.3m $4.3m 0.00% Added +898 +898
75 Man Group plc 0.01% of their portfolio LONDON, X0 109,908109.9k $4.3m $4.3m 0.01% Added +6.2k +6,206
76 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 108,412108.4k $4.3m $4.3m 0.00% Reduced -5.2k -5,154
77 DC Investments Management, LLC 2.13% of their portfolio MCLEAN, VA 105,009105.0k $4.1m $4.1m 2.13% New
78 New Age Alpha Advisors, LLC 0.18% of their portfolio RYE, NY 104,473104.5k $4.1m $4.1m 0.18% Added +66.3k +66,252
79 Asset Management One Co., Ltd. 0.01% of their portfolio TOKYO, M0 101,323101.3k $4.0m $4.0m 0.01% Reduced -2.8k -2,795
80 Aptus Capital Advisors, LLC 0.04% of their portfolio FAIRHOPE, AL 98,92998.9k $3.9m $3.9m 0.04% Added +11.2k +11,164
81 B. Metzler seel. Sohn & Co. AG 0.04% of their portfolio FRANKFURT, 2M 97,21497.2k $3.8m $3.8m 0.04% Reduced -9.2k -9,246
82 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 96,35096.3k $3.8m $3.8m 0.01% Added +5.5k +5,470
83 Greenland Capital Management LP 0.64% of their portfolio NEW YORK, NY 94,73794.7k $3.7m $3.7m 0.64% New
84 FULLER & THALER ASSET MANAGEMENT, INC. 0.01% of their portfolio SAN MATEO, CA 92,74492.7k $3.7m $3.7m 0.01% Added +30.5k +30,501
85 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 92,36192.4k $3.6m $3.6m 0.01% Unchanged
86 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 92,30992.3k $3.6m $3.6m 0.00% Added +27.5k +27,546
87 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 91,57291.6k $3.6m $3.6m 0.01% Added +11.5k +11,460
88 OPPENHEIMER ASSET MANAGEMENT INC. 0.04% of their portfolio NEW YORK, NY 90,76890.8k $3.6m $3.6m 0.04% Added +916 +916
89 Retirement Systems of Alabama 0.01% of their portfolio MONTGOMERY, AL 85,35085.3k $3.4m $3.4m 0.01% Added +61 +61
90 Keeley-Teton Advisors, LLC 0.40% of their portfolio Chicago, IL 83,27083.3k $3.3m $3.3m 0.40% Reduced -7.7k -7,681
91 CINCINNATI FINANCIAL CORP 0.07% of their portfolio CINCINNATI, OH 82,03082.0k $3.2m $3.2m 0.07% Unchanged
92 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 79,76279.8k $3.1m $3.1m 0.00% Reduced -354.5k -354,451
93 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 78,21778.2k $3.1m $3.1m 0.00% Added +3.0k +3,032
94 Corebridge Financial, Inc. 0.02% of their portfolio HOUSTON, TX 77,45577.5k $3.1m $3.1m 0.02% Reduced -1.9k -1,914
95 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 74,74174.7k $2.9m $2.9m 0.01% Added +983 +983
96 OVERSEA-CHINESE BANKING Corp Ltd 0.09% of their portfolio SINGAPORE, U0 73,73173.7k $2.9m $2.9m 0.09% New
97 Advisory Alpha, LLC 0.10% of their portfolio HOLLAND, MI 72,57072.6k $2.9m $2.9m 0.10% Added +1 +1
98 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 66,25666.3k $2.6m $2.6m 0.00% Reduced -1.1k -1,108
99 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 61,69761.7k $2.4m $2.4m 0.01% Added +46.8k +46,847
100 Empowered Funds, LLC 0.03% of their portfolio NEWTOWN SQUARE, PA 61,40961.4k $2.4m $2.4m 0.03% Added +1.2k +1,209