Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NATIONAL STORAGE AFFILIATES (NSA)

297 + Investors. Track Smart Money conviction in NSA. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
2Q ▼
Buyers last Q
48%

Smart Money Signals — NSA

Based on 294 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their NSA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 89% of 3.0Y peak

89% of all-time peak
294 funds currently hold this stock — 89% of the 3.0-year high of 332 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 8% fewer funds vs a year ago

fund count last 6Q
27 fewer hedge funds hold NSA compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 48% buying

152 buying162 selling
Last quarter: 162 funds reduced or exited vs 152 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+13 vs last Q)

new funds entering per quarter
Funds opening a new NSA position: 39 → 63 → 36 → 49. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

68% of holders stayed for 2+ years

■ 68% conviction (2yr+) ■ 17% medium ■ 16% new
199 out of 294 hedge funds have held NSA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

36 → 39 → 63 → 36 → 49 new funds/Q
New funds entering each quarter: 39 → 63 → 36 → 49. NSA is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 72% of holders stayed 2+ years

■ 72% veterans ■ 11% 1-2yr ■ 18% new
Of 297 current holders: 213 (72%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
40 of 294 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.9
out of 10
Low Exit Risk
Exit risk score 2.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — NSA

In 2025 Q4, 152 hedge funds were net buyers of NSA (49 opened a new position, 103 added to an existing one), while 162 reduced or exited (112 trimmed, 50 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 39% of total institutional value in NSA is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 294.

Hedge Fund Ownership: NSA

How many hedge funds hold NSA — quarterly history vs. share price
Quarterly hedge fund ownership of NSA vs. share price

Market Analysis: NSA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NSA

Real Estate REIT - Industrial

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

46 top-rated funds 1 high-conviction
Consensus
7.3
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: NSA
2026 Q1 Stats Unlock in 9 days 297 + Investors

Track Smart Money conviction in NSA. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 297 298 -0.34%
13F Shares 76M 71M 6.61%
Total Value $2.13B $2.14B -0.44%
New Positions 49 36 +13
Increased Positions 110 115 -5
Closed Positions 50 50 -
Reduced Positions 113 120 -7
Total Calls 2 2 -
Total Puts 1 1 -
PUT/CALL Ratio 0.5 0.5 Bullish

Statistics: NSA

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Valuation Measures Data as of: --

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

297 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NSA. Verified SEC 13F-HR filings.

Top 25 institutional holders of NSA — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 ALPINE ASSOCIATES MANAGEMENT INC. 1.06% 475,900 $18.0M
2 Leeward Investments, LLC - MA 0.73% 393,446 $14.8M
3 ABC ARBITRAGE SA 0.54% 108,503 $4.1M
4 CINCINNATI INSURANCE CO 0.51% 893,654 $33.7M
5 LECAP ASSET MANAGEMENT LTD 0.42% 29,666 $1.1M
6 HEARTLAND ADVISORS INC 0.39% 200,000 $7.5M
7 Sound Income Strategies, LLC 0.29% 155,041 $6.0M
8 PEAK FINANCIAL ADVISORS LLC 0.24% 14,545 $549K
9 TimesSquare Capital Management, LLC 0.17% 265,142 $10K
10 MOSELEY INVESTMENT MANAGEMENT INC 0.17% 14,076 $531K
11 Pensionfund Sabic 0.12% 2,600 —
12 Pensionfund PDN 0.12% 5,300 —
13 Pacific Point Advisors, LLC 0.11% 5,408 $204K
14 Abel Hall, LLC 0.09% 10,815 $408K
15 CHILDRESS CAPITAL ADVISORS, LLC 0.08% 11,456 $432K
16 XML Financial, LLC 0.07% 21,650 $817K
17 CINCINNATI FINANCIAL CORP 0.06% 82,030 $3.1M
18 JAMES INVESTMENT RESEARCH, INC. 0.06% 13,345 $504K
19 Alberta Investment Management Corp 0.05% 239,915 $9.1M
20 Russell Investments Group, Ltd. 0.05% 1,201,563 $45.3M
21 Clear Creek Financial Management, LLC 0.05% 15,756 $595K
22 NAVELLIER & ASSOCIATES INC 0.05% 11,583 $437K
23 Universal- Beteiligungs- und Servicegesellschaft mbH 0.05% 701,210 $26.5M
24 AlphaQuest LLC 0.04% 24,665 $696K
25 WESBANCO BANK INC 0.04% 35,000 $1.3M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — NATIONAL STORAGE AFFILIATES (NSA)

What does the Smart Money Trend signal show for NSA?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their NSA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NSA?

More sellers than buyers — 48% buying: Last quarter: 162 funds reduced or exited vs 152 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for NSA holders?

Strong quality — 39% AUM from major funds: 40 of 294 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held NSA?

68% of holders stayed for 2+ years: 199 out of 294 hedge funds have held NSA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.