NATIONAL VISION HLDGS INC EYE
COM · Common Stock · CUSIP 63845R107 · ISIN US63845R1077
Optical retail company
- SectorHealth care
- IndustryOphthalmic Goods
- HeadquartersAlpharetta, GA
- Founded1990
- Websitenationalvision.com
- FilingsSEC EDGAR
* 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 ($4.8m this quarter). Holder counts are more reliable. Shares outstanding: 79.3m as of 2025-10-24, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $25.82. Options: 5 managers hold calls ($973.4k notional), 2 hold puts ($462.2k).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 192 |
| Q4 2022 | 194 |
| Q1 2023 | 184 |
| Q2 2023 | 195 |
| Q3 2023 | 201 |
| Q4 2023 | 200 |
| Q1 2024 | 203 |
| Q2 2024 | 188 |
| Q3 2024 | 204 |
| Q4 2024 | 194 |
| Q1 2025 | 212 |
| Q2 2025 | 246 |
| Q3 2025 | 264 |
| Q4 2025 | 263 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 93 | 96 |
| Q2 2024 | 101 | 103 |
| Q3 2024 | 118 | 89 |
| Q4 2024 | 107 | 96 |
| Q1 2025 | 114 | 92 |
| Q2 2025 | 134 | 124 |
| Q3 2025 | 146 | 119 |
| Q4 2025 | 130 | 139 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $37.8m | $16.9m | 0.45 |
| Q2 2025 | $103.3m | $29.3m | 0.28 |
| Q3 2025 | $24.2m | $4.8m | 0.20 |
| Q4 2025 | $973.4k | $462.2k | 0.47 |
Biggest buyers
| ALLIANCEBERNSTEIN L.P. | Added | +1.6m |
| Driehaus Capital Management LLC | Added | +1.4m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.3m |
| MILLENNIUM MANAGEMENT LLC | New | +623.9k |
| CITADEL ADVISORS LLC | Added | +568.3k |
| Woodline Partners LP | Added | +382.5k |
| Boston Partners | Added | +370.5k |
| FEDERATED HERMES, INC. | Added | +359.1k |
| Fiera Capital Corp | Added | +352.3k |
| GOLDMAN SACHS GROUP INC | Added | +352.0k |
Biggest sellers
| Bain Capital Public Equity Management II, LLC | Sold out | -1.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -890.4k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -811.5k |
| Engle Capital Management, L.P. | Sold out | -541.9k |
| D. E. Shaw & Co., Inc. | Reduced | -491.3k |
| FMR LLC | Reduced | -382.9k |
| PEAK6 LLC | Sold out | -332.7k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | Reduced | -329.6k |
| Atika Capital Management LLC | Sold out | -301.0k |
| BWCP, LP | Reduced | -299.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $493.2k19.1k shares |
| CITADEL ADVISORS LLC | Reduced | $382.1k14.8k shares |
| Walleye Capital LLC | Unchanged | $67.1k2.6k shares |
| GROUP ONE TRADING LLC | Reduced | $18.1k700 shares |
| SIMPLEX TRADING, LLC | Unchanged | $12.9k500 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $433.8k16.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $28.4k1.1k 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.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution -1.0 pts · filed 2025-10-17 | 14.4% |
| WELLINGTON MANAGEMENT GROUP LLP 13G · institution -0.8 pts · filed 2026-08-13 | 9.6% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.3% |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 13G · institution new · filed 2025-11-12 | 6.2% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution new · filed 2026-10-08 | 5.1% |
| FMR LLC 13G · institution new · filed 2026-08-06 | 5.1% |
Fell to 5% or below in the last year: VANGUARD CAPITAL MANAGEMENT LLC (5.0%, 2026-07-31; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), AMERICAN CENTURY INVESTMENT MANAGEMENT INC (4.5%, 2026-02-13)
Insider purchases and sales in Q4 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 2 | $790.5k | 0 | — | — |
| Q3 2024 | 2 | $274.6k | 1 | $185.8k | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 1 | $15.0k | — |
| Q2 2025 | 0 | — | 2 | $298.8k | — |
| Q3 2025 | 0 | — | 1 | $3.6m | $3.6m |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 11.5m $297.7m | Added +3.9k |
| VANGUARD GROUP INC 0.00% of their portfolio | 10.6m $273.5m | Added +24.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 5.8m $149.3m | Added +1.3m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.32% of their portfolio | 4.5m $116.5m | Reduced -329.6k |
| Driehaus Capital Management LLC 0.63% of their portfolio | 3.6m $93.1m | Added +1.4m |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 3.6m $92.4m | Reduced -811.5k |
| STATE STREET CORP 0.00% of their portfolio | 3.2m $82.0m | Added +7.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 3.0m $78.2m | Added +156.9k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 2.7m $70.5m | Added +1.6m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 2.4m $62.1m | Reduced -890.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.0m $51.4m | Added +55.8k |
| EMERALD ADVISERS, LLC 1.24% of their portfolio | 1.6m $40.4m | Reduced -14.0k |
| Boston Partners 0.04% of their portfolio | 1.5m $38.5m | Added +370.5k |
| GLENVIEW CAPITAL MANAGEMENT, LLC 0.79% of their portfolio | 1.4m $36.9m | Added +51.1k |
| Fiera Capital Corp 0.12% of their portfolio | 1.4m $36.5m | Added +352.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.4m $35.8m | Reduced -167.6k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.3m $33.8m | Added +71.1k |
| FMR LLC 0.00% of their portfolio | 1.2m $31.6m | Reduced -382.9k |
| FEDERATED HERMES, INC. 0.05% of their portfolio | 1.2m $31.6m | Added +359.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.2m $31.4m | Added +352.0k |
| JUPITER ASSET MANAGEMENT LTD 0.25% of their portfolio | 1.2m $31.1m | Added +226.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.1m $28.4m | Reduced -80.4k |
| MORGAN STANLEY 0.00% of their portfolio | 997.9k $25.8m | Added +51.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 974.4k $25.2m | Reduced -80.4k |
| Invesco Ltd. 0.00% of their portfolio | 958.7k $24.8m | Reduced -61.1k |
| EMERALD MUTUAL FUND ADVISERS TRUST 1.18% of their portfolio | 937.5k $24.2m | Reduced -28.7k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.74% of their portfolio | 784.5k $20.3m | Added +189.6k |
| Woodline Partners LP 0.07% of their portfolio | 728.8k $18.8m | Added +382.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 682.7k $17.6m | Added +568.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 650.5k $16.8m | Reduced -19.9k |
| BWCP, LP 2.69% of their portfolio | 627.5k $16.2m | Reduced -299.9k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 623.9k $16.1m | New |
| Allianz Asset Management GmbH 0.02% of their portfolio | 619.3k $16.0m | Added +331.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 610.4k $15.8m | Added +200.8k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 526.3k $13.6m | Reduced -491.3k |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 499.7k $13.0m | Reduced -78.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 489.7k $12.6m | Reduced -24.4k |
| Ararat Capital Management LP 6.13% of their portfolio | 482.3k $12.5m | Added +84.0k |
| First Eagle Investment Management, LLC 0.02% of their portfolio | 451.6k $11.7m | Reduced -135.0k |
| FIL Ltd 0.01% of their portfolio | 418.4k $10.8m | Reduced -20.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 415.4k $10.7m | Added +172.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 377.9k $9.8m | Reduced -4.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 362.4k $9.4m | Unchanged |
| Granite Investment Partners, LLC 0.55% of their portfolio | 361.0k $9.3m | Reduced -74.6k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 359.3k $9.3m | Added +258.5k |
| Divisadero Street Capital Management, LP 0.52% of their portfolio | 351.8k $9.1m | Reduced -48.7k |
| SG Americas Securities, LLC 0.01% of their portfolio | 339.7k $8.8m | Added +225.6k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 332.0k $8.6m | Added +57.3k |
| Pier Capital, LLC 1.29% of their portfolio | 313.6k $8.1m | Added +165.0k |
| CASTLEARK MANAGEMENT LLC 0.23% of their portfolio | 299.7k $7.7m | Reduced -52.6k |
| LOOMIS SAYLES & CO L P 0.01% of their portfolio | 281.5k $7.3m | New |
| PICTON MAHONEY ASSET MANAGEMENT 0.08% of their portfolio | 277.3k $7.2m | Added +80.0k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 274.5k $7.1m | Reduced -34.5k |
| Hook Mill Capital Partners, LP 0.64% of their portfolio | 264.0k $6.8m | New |
| Asset Management One Co., Ltd. 0.02% of their portfolio | 252.7k $6.7m | Added +112.6k |
| UBS Group AG 0.00% of their portfolio | 247.3k $6.4m | Added +46.0k |
| Nuveen, LLC 0.00% of their portfolio | 246.1k $6.4m | Reduced -324 |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 243.8k $6.3m | Reduced -5.5k |
| Walleye Capital LLC 0.04% of their portfolio | 241.3k $6.2m | Added +210.1k |
| CITIGROUP INC 0.00% of their portfolio | 225.0k $5.8m | Added +191.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 221.7k $5.7m | Added +1.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 217.6k $5.6m | Added +10.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 214.5k $5.5m | Added +41.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 210.9k $5.4m | Reduced -25.1k |
| Heights Point Management, LP 4.50% of their portfolio | 204.3k $5.3m | First filing |
| Legal & General Group Plc 0.00% of their portfolio | 202.1k $5.2m | Reduced -8.0k |
| Lisanti Capital Growth, LLC 1.21% of their portfolio | 197.1k $5.1m | Added +28.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 187.7k $4.8m | Reduced -30.5k |
| Channing Capital Management, LLC 0.11% of their portfolio | 168.9k $4.4m | Reduced -65.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 164.7k $4.3m | Reduced -32.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 163.4k $4.2m | Reduced -152.1k |
| INTECH INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 152.4k $3.9m | Added +38.6k |
| Swiss National Bank 0.00% of their portfolio | 148.4k $3.8m | Added +2.8k |
| Tabor Asset Management, LP 1.44% of their portfolio | 137.9k $3.6m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 132.8k $3.4m | Reduced -4.8k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 127.7k $3.3m | Reduced -10.3k |
| BARCLAYS PLC 0.00% of their portfolio | 125.9k $3.3m | Added +11.0k |
| Homestead Advisers Corp 0.08% of their portfolio | 119.3k $3.1m | Added +18.9k |
| Trexquant Investment LP 0.03% of their portfolio | 117.7k $3.0m | Reduced -199.8k |
| GILDER GAGNON HOWE & CO LLC 0.03% of their portfolio | 112.1k $2.9m | Reduced -772 |
| Hollow Brook Wealth Management LLC 0.75% of their portfolio | 111.6k $2.9m | Reduced -14.1k |
| Counterpoint Mutual Funds LLC 0.21% of their portfolio | 111.3k $2.9m | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 109.1k $2.8m | Added +14.5k |
| BESSEMER GROUP INC 0.00% of their portfolio | 108.4k $2.8m | Added +107.6k |
| HUSSMAN STRATEGIC ADVISORS, INC. 0.66% of their portfolio | 105.0k $2.7m | New |
| Informed Momentum Co LLC 0.30% of their portfolio | 104.6k $2.7m | Reduced -2.1k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.02% of their portfolio | 100.7k $2.6m | Added +5.1k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 97.5k $2.5m | Added +54.5k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 87.9k $2.3m | Reduced -129.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 87.9k $2.3m | Added +3.7k |
| Jackson Creek Investment Advisors LLC 0.66% of their portfolio | 86.4k $2.2m | Reduced -2.9k |
| Lotus Technology Management, LP 1.13% of their portfolio | 78.7k $2.0m | First filing |
| Uniplan Investment Counsel, Inc. 0.20% of their portfolio | 76.6k $2.0m | Added +57.1k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.04% of their portfolio | 75.7k $2.0m | Reduced -20.4k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 74.2k $1.9m | Reduced -108.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 72.6k $1.9m | Reduced -68 |
| FRED ALGER MANAGEMENT, LLC 0.01% of their portfolio | 72.3k $1.9m | New |
| Knights of Columbus Asset Advisors LLC 0.11% of their portfolio | 71.9k $1.9m | Added +31.9k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.05% of their portfolio | 71.5k $1.8m | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 65.9k $1.7m | Added +7.2k |