Vault-13

NATIONAL STORAGE AFFILIATES NSA

COM SHS BEN IN · REIT · CUSIP 637870106

342 institutional holders +2 vs Q1 2025
68,333,48668.3m shares reported held*
$2.2bnreported value*
60 new 122 added 117 reduced 57 sold out net bought ≈ $34.7m (+1.1m 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 ($62.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $32.33. Options: 5 managers hold calls ($799.2k notional), 4 hold puts ($440.9k).

Trends to Q2 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: 340Q2 25: 342342Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025342

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 149 bought or addedQ3 23: 174 cut or sold outQ4 23: 120 bought or addedQ4 23: 175 cut or sold outQ4 23Q1 24: 145 bought or addedQ1 24: 151 cut or sold outQ2 24: 167 bought or addedQ2 24: 171 cut or sold outQ2 24Q3 24: 144 bought or addedQ3 24: 194 cut or sold outQ4 24: 164 bought or addedQ4 24: 155 cut or sold outQ4 24Q1 25: 183 bought or addedQ1 25: 146 cut or sold outQ2 25: 182 bought or addedQ2 25: 174 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023149174
Q4 2023120175
Q1 2024145151
Q2 2024167171
Q3 2024144194
Q4 2024164155
Q1 2025183146
Q2 2025182174

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ3 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 0.47Q2 25 calls: $799.2kQ2 25 puts: $440.9kQ2 25P/C 0.55
Numbers
QuarterCallsPutsP/C
Q3 2024$1.6m$847.6k0.52
Q4 2024$1.3m$602.0k0.47
Q1 2025$1.4m$645.8k0.47
Q2 2025$799.2k$440.9k0.55

Biggest buyers

Long Pond Capital, LP New +2,498,789+2.5m
Balyasny Asset Management L.P. Added +1,989,965+2.0m
MILLENNIUM MANAGEMENT LLC Added +1,423,409+1.4m
PRUDENTIAL FINANCIAL INC Added +696,067+696.1k
CITADEL ADVISORS LLC Added +462,569+462.6k
JENNISON ASSOCIATES LLC Added +413,173+413.2k
Verition Fund Management LLC New +403,287+403.3k
TUDOR INVESTMENT CORP ET AL New +398,041+398.0k
JANE STREET GROUP, LLC Added +397,161+397.2k
Point72 Asset Management, L.P. Added +390,103+390.1k

Biggest sellers

Capital World Investors Sold out -1,941,558-1.9m
WASATCH ADVISORS LP Reduced -1,314,351-1.3m
ANCHOR CAPITAL ADVISORS LLC Reduced -866,810-866.8k
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Sold out -801,008-801.0k
GW&K Investment Management, LLC Reduced -710,439-710.4k
AMERICAN CENTURY COMPANIES INC Sold out -671,042-671.0k
Gillson Capital LP Sold out -406,445-406.4k
Schonfeld Strategic Advisors LLC Reduced -393,882-393.9k
FMR LLC Reduced -391,084-391.1k
Thrivent Financial for Lutherans Reduced -359,205-359.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $399.9k12.5k shares
CITADEL ADVISORS LLC Reduced $313.5k9.8k shares
SIMPLEX TRADING, LLC Added $57.0k1.8k shares
GROUP ONE TRADING LLC Unchanged $28.8k900 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $323.1k10.1k shares
SIMPLEX TRADING, LLC Added $105.0k3.3k shares
GROUP ONE TRADING LLC New $12.8k400 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 9,647,8499.6m $308.6m $308.6m 0.00% Reduced -58.3k -58,264
2 BlackRock, Inc. 0.01% of their portfolio New York, NY 8,253,8238.3m $264.0m $264.0m 0.01% Reduced -384 -384
3 WASATCH ADVISORS LP 0.79% of their portfolio SALT LAKE CITY, UT 4,698,5464.7m $150.3m $150.3m 0.79% Reduced -1.3m -1,314,351
4 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,792,9963.8m $121.3m $121.3m 0.00% Reduced -11.9k -11,880
5 Balyasny Asset Management L.P. 0.23% of their portfolio Chicago, IL 3,146,9363.1m $100.7m $100.7m 0.23% Added +2.0m +1,989,965
6 Long Pond Capital, LP 5.26% of their portfolio New York, NY 2,498,7892.5m $79.9m $79.9m 5.26% New
7 Thrivent Financial for Lutherans 0.16% of their portfolio Minneapolis, MN 2,357,4872.4m $75.4m $75.4m 0.16% Reduced -359.2k -359,205
8 PRUDENTIAL FINANCIAL INC 0.12% of their portfolio NEWARK, NJ 2,089,5432.1m $90.1m $90.1m 0.12% Added +696.1k +696,067
9 JENNISON ASSOCIATES LLC 0.03% of their portfolio NEW YORK, NY 1,485,1451.5m $47.5m $47.5m 0.03% Added +413.2k +413,173
10 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 1,440,2151.4m $46.1m $46.1m 0.04% Added +1.4m +1,423,409
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,435,0461.4m $45.9m $45.9m 0.00% Added +12.7k +12,737
12 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 1,279,6591.3m $40.9m $40.9m 0.04% Added +462.6k +462,569
13 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 1,044,7711.0m $33.4m $33.4m 0.01% Added +1.2k +1,246
14 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,018,9351.0m $32.6m $32.6m 0.01% Added +13.5k +13,523
15 CINCINNATI INSURANCE CO 0.48% of their portfolio FAIRFIELD, OH 893,654893.7k $28.6m $28.6m 0.48% Unchanged
16 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 839,764839.8k $26.9m $26.9m 0.01% Reduced -2.8k -2,838
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 815,768815.8k $26.1m $26.1m 0.00% Added +10.9k +10,901
18 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 773,860773.9k $24.8m $24.8m 0.00% Reduced -40.1k -40,139
19 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 760,919760.9k $24.3m $24.3m 0.01% Reduced -3.8k -3,819
20 TimesSquare Capital Management, LLC 0.35% of their portfolio NEW YORK, NY 760,913760.9k $24.3m $24.3m 0.35% Reduced -39.7k -39,671
21 NORGES BANK 0.00% of their portfolio OSLO, Q8 687,427687.4k $22.0m $22.0m 0.00% Reduced -17.8k -17,836
22 FMR LLC 0.00% of their portfolio BOSTON, MA 641,390641.4k $20.5m $20.5m 0.00% Reduced -391.1k -391,084
23 UBS Group AG 0.00% of their portfolio ZURICH, V8 632,004632.0k $20.2m $20.2m 0.00% Added +209.3k +209,277
24 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 508,418508.4k $16.3m $16.3m 0.01% Reduced -27.1k -27,107
25 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 487,164487.2k $15.6m $15.6m 0.00% Reduced -9.8k -9,839
26 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 453,283453.3k $14.5m $14.5m 0.00% Reduced -133.9k -133,867
27 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 451,800451.8k $14.5m $14.5m 0.03% Added +390.1k +390,103
28 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 448,924448.9k $14.4m $14.4m 0.00% Added +142.2k +142,155
29 HEARTLAND ADVISORS INC 0.78% of their portfolio MILWAUKEE, WI 438,900438.9k $14.0m $14.0m 0.78% Reduced -1.5k -1,500
30 Leeward Investments, LLC - MA 0.71% of their portfolio BOSTON, MA 415,353415.4k $13.3m $13.3m 0.71% Reduced -18.7k -18,712
31 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 407,494407.5k $13.0m $13.0m 0.00% Added +297.2k +297,205
32 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 404,055404.1k $12.9m $12.9m 0.02% Added +397.2k +397,161
33 Verition Fund Management LLC 0.07% of their portfolio GREENWICH, CT 403,287403.3k $12.9m $12.9m 0.07% New
34 TUDOR INVESTMENT CORP ET AL 0.10% of their portfolio STAMFORD, CT 398,041398.0k $12.7m $12.7m 0.10% New
35 Legal & General Group Plc 0.00% of their portfolio London, X0 385,101385.1k $12.3m $12.3m 0.00% Added +1.9k +1,916
36 APG Asset Management US Inc. 0.08% of their portfolio New York, NY 344,780344.8k $11.3m $11.3m 0.08% Unchanged
37 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 339,249339.2k $10.9m $10.9m 0.01% Reduced -87.0k -87,049
38 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 333,553333.6k $10.7m $10.7m 0.00% Reduced -77.3k -77,317
39 CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.15% of their portfolio RADNOR, PA 316,068316.1k $10.1m $10.1m 0.15% Unchanged
40 COHEN & STEERS, INC. 0.02% of their portfolio NEW YORK, NY 286,150286.1k $9.2m $9.2m 0.02% New
41 ExodusPoint Capital Management, LP 0.11% of their portfolio NEW YORK, NY 285,872285.9k $9.1m $9.1m 0.11% New
42 Daiwa Securities Group Inc. 0.03% of their portfolio CHIYODA-KU,TOKYO, M0 262,647262.6k $8.4m $8.4m 0.03% Added +84.6k +84,602
43 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 260,173260.2k $8.3m $8.3m 0.00% Added +509 +509
44 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 258,386258.4k $8.3m $8.3m 0.00% Reduced -54.0k -53,961
45 D. SCOTT NEAL, INC. 4.09% of their portfolio LEXINGTON, KY 256,235256.2k $8.2m $8.2m 4.09% Reduced -1.5k -1,458
46 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 252,988253.0k $8.1m $8.1m 0.00% Reduced -290.4k -290,362
47 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 252,000252.0k $8.1m $8.1m 0.01% Added +81.5k +81,500
48 Cubist Systematic Strategies, LLC 0.09% of their portfolio STAMFORD, CT 246,509246.5k $7.9m $7.9m 0.09% New
49 Sound Income Strategies, LLC 0.43% of their portfolio FT LAUDERDALE, FL 232,011232.0k $7.4m $7.4m 0.43% Added +89.5k +89,453
50 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 214,211214.2k $6.9m $6.9m 0.00% Reduced -17.5k -17,520
51 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 213,091213.1k $6.8m $6.8m 0.00% Added +56.4k +56,423
52 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 194,005194.0k $6.2m $6.2m 0.01% Reduced -4.8k -4,756
53 Swedbank AB 0.01% of their portfolio STOCKHOLM, V7 190,000190.0k $6.1m $6.1m 0.01% First filing
54 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 180,460180.5k $5.8m $5.8m 0.01% Reduced -304.0k -304,036
55 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 169,280169.3k $5.4m $5.4m 0.01% Added +113.7k +113,711
56 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 167,562167.6k $5.4m $5.4m 0.00% Added +75.3k +75,253
57 CRAWFORD INVESTMENT COUNSEL INC 0.09% of their portfolio ATLANTA, GA 167,183167.2k $5.3m $5.3m 0.09% Reduced -26.2k -26,220
58 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 163,918163.9k $5.2m $5.2m 0.01% Reduced -47.2k -47,180
59 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 161,276161.3k $5.2m $5.2m 0.01% Reduced -172.4k -172,410
60 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 160,825160.8k $5.1m $5.1m 0.01% New
61 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 159,603159.6k $5.1m $5.1m 0.00% Reduced -1.8k -1,778
62 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 156,688156.7k $5.0m $5.0m 0.01% New
63 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 153,656153.7k $4.9m $4.9m 0.01% Added +145.2k +145,156
64 ONTARIO TEACHERS PENSION PLAN BOARD 0.10% of their portfolio Toronto, A6 148,095148.1k $4.7m $4.7m 0.10% Added +25.4k +25,391
65 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 147,947147.9k $4.7m $4.7m 0.01% Added +775 +775
66 PEREGRINE CAPITAL MANAGEMENT LLC 0.14% of their portfolio MINNEAPOLIS, MN 147,013147.0k $4.7m $4.7m 0.14% Added +9.6k +9,593
67 California Public Employees Retirement System 0.00% of their portfolio Sacramento, CA 139,286139.3k $4.5m $4.5m 0.00% Added +9.4k +9,435
68 Swiss National Bank 0.00% of their portfolio ZURICH, V8 138,679138.7k $4.4m $4.4m 0.00% Reduced -1.7k -1,700
69 Y-Intercept (Hong Kong) Ltd 0.11% of their portfolio HONG KONG, K3 138,137138.1k $4.4m $4.4m 0.11% New
70 Schonfeld Strategic Advisors LLC 0.03% of their portfolio NEW YORK, NY 129,609129.6k $4.1m $4.1m 0.03% Reduced -393.9k -393,882
71 FULLER & THALER ASSET MANAGEMENT, INC. 0.02% of their portfolio SAN MATEO, CA 128,907128.9k $4.1m $4.1m 0.02% Added +36.2k +36,163
72 WEDGE CAPITAL MANAGEMENT L L P/NC 0.07% of their portfolio CHARLOTTE, NC 127,501127.5k $4.1m $4.1m 0.07% Reduced -2.3k -2,283
73 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 125,995126.0k $4.0m $4.0m 0.02% Added +99.5k +99,517
74 Man Group plc 0.01% of their portfolio LONDON, X0 125,372125.4k $4.0m $4.0m 0.01% Added +15.5k +15,464
75 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 122,766122.8k $3.9m $3.9m 0.01% Added +2.0k +1,962
76 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 122,550122.5k $3.9m $3.9m 0.00% Reduced -49.7k -49,702
77 CENTAURUS FINANCIAL, INC. 0.23% of their portfolio ANAHEIM, CA 121,768121.8k $3.9m $3.9m 0.23% Reduced -3.9k -3,945
78 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 118,842118.8k $3.8m $3.8m 0.00% Reduced -7.3k -7,294
79 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 117,318117.3k $3.8m $3.8m 0.00% Added +74.7k +74,658
80 Quantinno Capital Management LP 0.02% of their portfolio NEW YORK, NY 113,755113.8k $3.6m $3.6m 0.02% Reduced -88.8k -88,837
81 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 110,454110.5k $3.5m $3.5m 0.01% Reduced -8.0k -7,974
82 Aptus Capital Advisors, LLC 0.03% of their portfolio FAIRHOPE, AL 108,552108.6k $3.5m $3.5m 0.03% Added +9.6k +9,623
83 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 107,173107.2k $3.4m $3.4m 0.00% Reduced -1.2k -1,239
84 DC Investments Management, LLC 1.40% of their portfolio MCLEAN, VA 105,009105.0k $3.4m $3.4m 1.40% Unchanged
85 Asset Management One Co., Ltd. 0.01% of their portfolio TOKYO, M0 99,55399.6k $3.2m $3.2m 0.01% Reduced -1.8k -1,770
86 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 98,35098.3k $3.1m $3.1m 0.01% Added +2.0k +2,000
87 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 92,71092.7k $3.0m $3.0m 0.00% Reduced -157.2k -157,183
88 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 92,36192.4k $3.0m $3.0m 0.01% Unchanged
89 OVERSEA-CHINESE BANKING Corp Ltd 0.08% of their portfolio SINGAPORE, U0 90,52290.5k $2.9m $2.9m 0.08% Added +16.8k +16,791
90 Retirement Systems of Alabama 0.01% of their portfolio MONTGOMERY, AL 85,98786.0k $2.8m $2.8m 0.01% Added +637 +637
91 Brevan Howard Capital Management LP 0.03% of their portfolio ST. HELIER, Y9 83,97984.0k $2.7m $2.7m 0.03% Added +76.8k +76,813
92 AlphaQuest LLC 0.26% of their portfolio New York, NY 83,79783.8k $2.7m $2.7m 0.26% Added +38.3k +38,349
93 CINCINNATI FINANCIAL CORP 0.06% of their portfolio CINCINNATI, OH 82,03082.0k $2.6m $2.6m 0.06% Unchanged
94 Engineers Gate Manager LP 0.03% of their portfolio NEW YORK, NY 81,71481.7k $2.6m $2.6m 0.03% Added +73.6k +73,580
95 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 79,41379.4k $2.5m $2.5m 0.00% Added +4.7k +4,672
96 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 77,38377.4k $2.5m $2.5m 0.00% Reduced -834 -834
97 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 77,24177.2k $2.5m $2.5m 0.00% Reduced -2.5k -2,521
98 B. Metzler seel. Sohn & Co. AG 0.02% of their portfolio FRANKFURT, 2M 74,89974.9k $2.4m $2.4m 0.02% Reduced -22.3k -22,315
99 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 74,09774.1k $2.4m $2.4m 0.00% Added +16.0k +16,045
100 Advisory Alpha, LLC 0.07% of their portfolio HOLLAND, MI 72,56972.6k $2.3m $2.3m 0.07% Reduced -1 -1