Vault-13

NATIONAL WESTN LIFE GROUP IN NWLI

CL A · Common Stock · CUSIP 638517102

154 institutional holders -2 vs Q1 2024
3,073,0453.1m shares reported held*
$1.5bnreported value*
22 new 44 added 40 reduced 25 sold out net sold ≈ $26.6m (-53.5k 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 ($2.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $497.01.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 99Q4 22: 114Q1 23: 113Q2 23: 118Q3 23: 117Q4 23: 153Q1 24: 156Q2 24: 154154Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202299
Q4 2022114
Q1 2023113
Q2 2023118
Q3 2023117
Q4 2023153
Q1 2024156
Q2 2024154

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 48 bought or addedQ4 22: 46 cut or sold outQ4 22Q1 23: 44 bought or addedQ1 23: 41 cut or sold outQ2 23: 50 bought or addedQ2 23: 53 cut or sold outQ2 23Q3 23: 42 bought or addedQ3 23: 58 cut or sold outQ4 23: 93 bought or addedQ4 23: 56 cut or sold outQ4 23Q1 24: 62 bought or addedQ1 24: 67 cut or sold outQ2 24: 66 bought or addedQ2 24: 65 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20224846
Q1 20234441
Q2 20235053
Q3 20234258
Q4 20239356
Q1 20246267
Q2 20246665

Biggest buyers

TUDOR INVESTMENT CORP ET AL Added +104,146+104.1k
GLAZER CAPITAL, LLC Added +37,749+37.7k
GABELLI FUNDS LLC Added +24,273+24.3k
Vazirani Asset Management LLC New +21,500+21.5k
GABELLI & Co INVESTMENT ADVISERS, INC. New +20,150+20.1k
FNY Investment Advisers, LLC New +15,000+15.0k
Paloma Partners Management Co New +11,646+11.6k
GARDNER LEWIS ASSET MANAGEMENT L P New +10,386+10.4k
BlackRock Inc. Added +10,369+10.4k
Qube Research & Technologies Ltd Added +9,487+9.5k

Biggest sellers

MORGAN STANLEY Reduced -86,349-86.3k
JPMORGAN CHASE & CO Reduced -57,360-57.4k
First Trust Capital Management L.P. Reduced -39,497-39.5k
M3F, Inc. Sold out -31,821-31.8k
Balyasny Asset Management L.P. Sold out -31,503-31.5k
DIMENSIONAL FUND ADVISORS LP Reduced -24,619-24.6k
Woodline Partners LP Reduced -24,291-24.3k
TOKIO MARINE ASSET MANAGEMENT CO LTD Sold out -22,960-23.0k
MOODY NATIONAL BANK TRUST DIVISION Reduced -17,040-17.0k
MILLENNIUM MANAGEMENT LLC Reduced -16,975-17.0k

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MOODY NATIONAL BANK TRUST DIVISION 41.42% of their portfolio GALVESTON, TX 1,072,3371.1m $532.9m $532.9m 41.42% Reduced -17.0k -17,040
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 207,365207.4k $103.0m $103.0m 0.00% Reduced -1.8k -1,784
3 BlackRock Inc. 0.00% of their portfolio New York, NY 197,655197.7k $98.2m $98.2m 0.00% Added +10.4k +10,369
4 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 193,647193.6k $96.2m $96.2m 0.03% Reduced -24.6k -24,619
5 GLAZER CAPITAL, LLC 6.09% of their portfolio New York, NY 157,834157.8k $78.4m $78.4m 6.09% Added +37.7k +37,749
6 TUDOR INVESTMENT CORP ET AL 0.61% of their portfolio STAMFORD, CT 109,776109.8k $54.6m $54.6m 0.61% Added +104.1k +104,146
7 NEXPOINT ASSET MANAGEMENT, L.P. 4.61% of their portfolio Dallas, TX 69,97770.0k $34.8m $34.8m 4.61% Unchanged
8 Magnetar Financial LLC 0.70% of their portfolio EVANSTON, IL 67,48267.5k $33.5m $33.5m 0.70% Unchanged
9 Qube Research & Technologies Ltd 0.05% of their portfolio LONDON, X0 56,78556.8k $28.2m $28.2m 0.05% Added +9.5k +9,487
10 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 53,45153.5k $26.6m $26.6m 0.00% Added +2.1k +2,142
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 50,75450.8k $25.2m $25.2m 0.00% Reduced -333 -333
12 RK Asset Management, LLC 19.73% of their portfolio GROSSE POINTE FARMS, MI 45,95946.0k $22.8m $22.8m 19.73% Reduced -1.3k -1,258
13 Westchester Capital Management, LLC 0.95% of their portfolio VALHALLA, NY 44,64244.6k $22.2m $22.2m 0.95% Added +4.9k +4,936
14 Tweedy, Browne Co LLC 1.00% of their portfolio Stamford, CT 43,67743.7k $21.7m $21.7m 1.00% Reduced -205 -205
15 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 35,29535.3k $17.5m $17.5m 0.01% Added +7.7k +7,667
16 GABELLI FUNDS LLC 0.13% of their portfolio Rye, NY 35,22935.2k $17.5m $17.5m 0.13% Added +24.3k +24,273
17 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 33,90633.9k $16.8m $16.8m 0.00% Reduced -670 -670
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 33,59433.6k $16.7m $16.7m 0.00% Reduced -86.3k -86,349
19 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 31,03231.0k $15.4m $15.4m 0.01% Added +7.6k +7,551
20 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 24,49624.5k $12.2m $12.2m 0.00% Reduced -836 -836
21 Woodline Partners LP 0.11% of their portfolio San Francisco, CA 22,51022.5k $11.2m $11.2m 0.11% Reduced -24.3k -24,291
22 Vazirani Asset Management LLC 22.90% of their portfolio NEW YORK, NY 21,50021.5k $10.7m $10.7m 22.90% New
23 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 20,86520.9k $10.4m $10.4m 0.00% Added +6.2k +6,225
24 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 20,50020.5k $10.2m $10.2m 0.02% Added +4.3k +4,318
25 GABELLI & Co INVESTMENT ADVISERS, INC. 1.67% of their portfolio Rye, NY 20,15020.1k $10.0m $10.0m 1.67% New
26 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 18,11018.1k $9.0m $9.0m 0.01% Reduced -17.0k -16,975
27 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 18,02518.0k $9.0m $9.0m 0.00% Added +363 +363
28 AQR Arbitrage LLC 0.22% of their portfolio Greenwich, CT 17,25317.3k $8.6m $8.6m 0.22% Added +433 +433
29 Trium Capital LLP 2.91% of their portfolio LONDON, X0 16,53916.5k $8.2m $8.2m 2.91% Not comparable
30 FNY Investment Advisers, LLC 5.03% of their portfolio NEW YORK, NY 15,00015.0k $7.5m $7.5m 5.03% New
31 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 13,02913.0k $6.5m $6.5m 0.00% Added +644 +644
32 Paloma Partners Management Co 0.50% of their portfolio GREENWICH, CT 11,64611.6k $5.8m $5.8m 0.50% New
33 NATIXIS 0.04% of their portfolio PARIS, I0 11,28611.3k $5.6m $5.6m 0.04% Added +5.8k +5,766
34 ALPINE ASSOCIATES MANAGEMENT INC. 0.27% of their portfolio PALM BEACH, FL 11,14811.1k $5.5m $5.5m 0.27% Unchanged
35 FCA CORP /TX 1.68% of their portfolio HOUSTON, TX 10,55110.6k $5.2m $5.2m 1.68% Added +14 +14
36 GARDNER LEWIS ASSET MANAGEMENT L P 1.44% of their portfolio CHADDS FORD, PA 10,38610.4k $5.2m $5.2m 1.44% New
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 10,17610.2k $5.1m $5.1m 0.00% Reduced -57.4k -57,360
38 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 10,17510.2k $5.1m $5.1m 0.00% Added +6.7k +6,673
39 FMR LLC 0.00% of their portfolio BOSTON, MA 10,02610.0k $5.0m $5.0m 0.00% Added +523 +523
40 Yakira Capital Management, Inc. 1.76% of their portfolio Westport, CT 8,9809.0k $4.5m $4.5m 1.76% Unchanged
41 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 8,9769.0k $4.5m $4.5m 0.01% Added +14 +14
42 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 8,4008.4k $4.2m $4.2m 0.02% Unchanged
43 Skandinaviska Enskilda Banken AB (publ) 0.02% of their portfolio STOCKHOLM, V7 8,3628.4k $4.2m $4.2m 0.02% Added +892 +892
44 Crabel Capital Management, LLC 5.09% of their portfolio MILWAUKEE, WI 8,3338.3k $4.1m $4.1m 5.09% Unchanged
45 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 7,9077.9k $3.9m $3.9m 0.00% Reduced -140 -140
46 BRANDES INVESTMENT PARTNERS, LP 0.04% of their portfolio LA JOLLA, CA 7,2047.2k $3.6m $3.6m 0.04% Reduced -1.8k -1,751
47 NORGES BANK 0.00% of their portfolio OSLO, Q8 6,6006.6k $3.3m $3.3m 0.00% Not comparable
48 WATER ISLAND CAPITAL LLC 0.34% of their portfolio NEW YORK, NY 6,4786.5k $3.2m $3.2m 0.34% Added +5.4k +5,404
49 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 5,5825.6k $2.8m $2.8m 0.00% Reduced -1.2k -1,220
50 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 5,1215.1k $2.5m $2.5m 0.00% Added +287 +287
51 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 5,0825.1k $2.5m $2.5m 0.00% Reduced -19 -19
52 Pentwater Capital Management LP 0.05% of their portfolio Naples, FL 5,0005.0k $2.5m $2.5m 0.05% New
53 PRELUDE CAPITAL MANAGEMENT, LLC 0.21% of their portfolio NEW YORK, NY 4,9785.0k $2.5m $2.5m 0.21% Added +3.3k +3,298
54 GAMCO INVESTORS, INC. ET AL 0.02% of their portfolio GREENWICH, CT 4,3354.3k $2.2m $2.2m 0.02% Added +3.3k +3,335
55 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 4,1594.2k $2.1m $2.1m 0.00% Added +372 +372
56 Swiss National Bank 0.00% of their portfolio ZURICH, V8 4,0494.0k $2.0m $2.0m 0.00% Unchanged
57 Trexquant Investment LP 0.03% of their portfolio STAMFORD, CT 4,0154.0k $2.0m $2.0m 0.03% Added +2.7k +2,736
58 Chicago Capital Management, LLC 1.52% of their portfolio CHICAGO, IL 3,9634.0k $2.0m $2.0m 1.52% Unchanged
59 Versor Investments LP 0.36% of their portfolio New York, NY 3,8893.9k $1.9m $1.9m 0.36% Reduced -536 -536
60 Sagefield Capital LP 0.19% of their portfolio DALLAS, TX 3,6753.7k $1.8m $1.8m 0.19% Reduced -700 -700
61 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.04% of their portfolio HOUSTON, TX 3,6003.6k $1.8m $1.8m 0.04% Unchanged
62 Absolute Gestao de Investimentos Ltda. 0.92% of their portfolio SAO PAULO, D5 3,5483.5k $1.8m $1.8m 0.92% Unchanged
63 WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio CHICAGO, IL 3,3953.4k $1.7m $1.7m 0.03% Added +63 +63
64 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,1743.2k $1.6m $1.6m 0.00% Reduced -138 -138
65 New York Life Investment Management LLC 0.02% of their portfolio New York, NY 3,0043.0k $1.5m $1.5m 0.02% Added +168 +168
66 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 3,0003.0k $1.5m $1.5m 0.00% Unchanged
67 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,8762.9k $1.4m $1.4m 0.00% Reduced -59 -59
68 BCK CAPITAL MANAGEMENT LP 0.91% of their portfolio STAMFORD, CT 2,8502.9k $1.4m $1.4m 0.91% Unchanged
69 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 2,7552.8k $1.4m $1.4m 0.01% Added +2.5k +2,474
70 TWO SIGMA SECURITIES, LLC 0.06% of their portfolio NEW YORK, NY 2,5302.5k $1.3m $1.3m 0.06% New
71 Legal & General Group Plc 0.00% of their portfolio London, X0 2,5102.5k $1.2m $1.2m 0.00% Added +568 +568
72 Crystalline Management Inc. 1.43% of their portfolio Montreal, Quebec, Z4 2,5002.5k $1.2m $1.2m 1.43% New
73 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.03% of their portfolio BALA CYNWYD, PA 2,3622.4k $1.2m $1.2m 0.03% New
74 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 2,2602.3k $1.1m $1.1m 0.00% Unchanged
75 ClearAlpha Technologies LP 0.42% of their portfolio Greenwich, CT 2,1532.2k $1.1m $1.1m 0.42% New
76 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 2,1192.1k $1.1m $1.1m 0.00% New
77 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,0762.1k $1.0m $1.0m 0.00% New
78 CSS LLC/IL 0.07% of their portfolio CHICAGO, IL 2,0292.0k $1.0m $1.0m 0.07% Reduced -392 -392
79 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 2,0272.0k $1.0m $1.0m 0.00% Reduced -56 -56
80 CALDWELL SUTTER CAPITAL, INC. 0.48% of their portfolio SAUSALITO, CA 1,9331.9k $960.6k $960.6k 0.48% Reduced -180 -180
81 GARRISON POINT ADVISORS, LLC 0.62% of their portfolio Walnut Creek, CA 1,9001.9k $944.2k $944.2k 0.62% Unchanged
82 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 1,8041.8k $896.5k $896.5k 0.00% Added +1.3k +1,271
83 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 1,5531.6k $772.0k $772.0k 0.00% Reduced -237 -237
84 WESTPORT ASSET MANAGEMENT INC 0.38% of their portfolio SOUTHPORT, CT 1,5421.5k $766.3k $766.3k 0.38% Unchanged
85 RBF Capital, LLC 0.04% of their portfolio RENO, NV 1,5001.5k $745.4k $745.4k 0.04% Unchanged
86 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 1,4921.5k $741.4k $741.4k 0.01% Added +2 +2
87 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,4101.4k $700.7k $700.7k 0.00% Reduced -1.4k -1,418
88 Flow State Investments, L.P. 0.22% of their portfolio CHICAGO, IL 1,4001.4k $695.7k $695.7k 0.22% Added +100 +100
89 DARK FOREST CAPITAL MANAGEMENT LP 0.12% of their portfolio NEW YORK, NY 1,3571.4k $674.3k $674.3k 0.12% New
90 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 1,3211.3k $656.5k $656.5k 0.00% Added +172 +172
91 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 1,3001.3k $646.0k $646.0k 0.00% Unchanged
92 Corebridge Financial, Inc. 0.00% of their portfolio HOUSTON, TX 1,2191.2k $605.8k $605.8k 0.00% First filing
93 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 1,1931.2k $592.8k $592.8k 0.00% First filing
94 Blackstone Inc. 0.00% of their portfolio NEW YORK, NY 1,1781.2k $585.4k $585.4k 0.00% Reduced -830 -830
95 ALGERT GLOBAL LLC 0.02% of their portfolio SAN FRANCISCO, CA 1,1211.1k $557.1k $557.1k 0.02% Added +208 +208
96 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 1,1181.1k $555.6k $555.6k 0.01% Unchanged
97 PenderFund Capital Management Ltd. 0.21% of their portfolio VANCOUVER, A1 1,1001.1k $747.8k $747.8k 0.21% Reduced -700 -700
98 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,0581.1k $525.9k $525.9k 0.00% Added +175 +175
99 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 1,0001.0k $496.9k $496.9k 0.02% Unchanged
100 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 989989 $491.5k $491.5k 0.00% Unchanged