Nordic American Tankers

NAT • NYSE

Nordic American Tankers is a marine shipping company in the industrials sector on NYSE, led by Herbjørn Hansson, with a market cap of $726.3M. As of Q3 2025, 42% of shares are held by 204 institutional investors, with BlackRock, Inc. as the largest holder at 5.67%.

Chairman, Chief Executive Officer and PresidentHerbjørn Hansson

Market Cap$726.3M

Marine Shipping

Industrials

Employees17.0

Websitenat.bm

Overview

Overview of institutional ownership in NAT as of Q3 2025 with a market cap of $664.9M

All Institutions

Institutions: 204
Value Held: $277.9M
Shares Held: 88.6M
Avg Position: $1.4M
Median Position: $95.3K

Hedge Funds

Hedge Funds: 21
Value Held: $48.8M
Shares Held: 15.6M
Avg Position: $2.3M
Median Position: $890.9K

Ownership Breakdown

Institutional (non-HF)

34.44%

$229.0M

Hedge Funds

7.35%

$48.8M

Retail & Other

58.21%

$387.0M

Based on market cap of $664.9M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in NAT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$37.7M 0.00% of portfolio	5.67% 12.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$35.7M 0.01% of portfolio	5.37% 11.4M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$18.7M 0.00% of portfolio	2.81% 5.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
A AMERICAN CENTURY COMPANIES INC Institution	-	$16.5M 0.01% of portfolio	2.48% 5.3M shares	Q3 2020 Held for 5y 2m	$195.93B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$16.4M 0.00% of portfolio	2.46% 5.2M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution	-	$16.1M 0.03% of portfolio	2.42% 5.1M shares	Q2 2024 Held for 1y 5m	$61.8B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$13.2M 0.00% of portfolio	1.99% 4.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
C CastleKnight Management LP Hedge Fund•Event Driven	Aaron Michael Weitman CIO	$10.6M 0.57% of portfolio	1.60% 3.4M shares	Q2 2025 Held for 5 months	$1.9B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$8.0M 0.00% of portfolio	1.21% 2.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$7.6M 0.01% of portfolio	1.15% 2.4M shares	Q1 2021 Held for 4y 8m	$121.98B

Net Capital Flow

Institutional buying and selling activity for NAT in Q3 2025

Traded: +$25.4M
Buyers: 107
Sellers: 66
Total Bought: +$38.2M
Total Sold: −$12.7M
Avg Position: $1.3M

Biggest Buyers

Institution	Net Bought	Current Position
C CastleKnight Management LP Hedge Fund•Event Driven	+$6.2M +2.0M shares	$10.6M 3.4M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$4.0M +1.3M shares	$7.6M 2.4M shares
CenterBook Partners LP Hedge Fund•Market Neutral	+$3.5M +1.1M shares	$5.5M 1.8M shares
A AMERICAN CENTURY COMPANIES INC Institution	+$3.3M +1.1M shares	$16.5M 5.3M shares
UBS Group AG Institution	+$3.3M +1.0M shares	$7.2M 2.3M shares
GOLDMAN SACHS GROUP INC Institution	+$2.5M +780.8K shares	$16.4M 5.2M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$1.7M +542.7K shares	$1.7M 542.7K shares
SILVER OAK SECURITIES, Inc RIA/Wealth	+$1.4M +433.7K shares	$1.4M 433.7K shares
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution	+$1.2M +369.5K shares	$16.1M 5.1M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$1.1M +341.6K shares	$1.6M 499.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$4.1M −1.3M shares	$5.4M 1.7M shares
N Nuveen, LLC Institution	−$1.9M −599.1K shares	$1.5M 465.7K shares
BANK OF AMERICA CORP /DE/ Institution	−$1.4M −459.8K shares	$580.1K 184.7K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$778.4K −247.9K shares	$3.3M 1.1M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$663.2K −211.2K shares	$3.1M 993.6K shares
W Winton Capital Group Ltd Institution	−$378.6K −144.0K shares	Sold Off 0 shares
Sterling Capital Management LLC Long Only Manager	−$357.1K −113.7K shares	$44.4K 14.2K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$288.6K −91.9K shares	$499.2K 159.0K shares
VANGUARD GROUP INC Institution	−$230.8K −73.5K shares	$3.8M 1.2M shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$230.3K −73.4K shares	$35.7M 11.4M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited NAT in Q3 2025

New Positions: 11
New Value: $1.6M
Exited Positions: 11
Exited Value: $751.9K

New Positions

Institution	Position Value
SILVER OAK SECURITIES, Inc RIA/Wealth	$1.4M 433.7K shares
Pallas Capital Advisors LLC RIA/Wealth	$48.0K 15.3K shares
Fortis Capital Advisors, LLC RIA/Wealth	$36.7K 11.7K shares
SRS Capital Advisors, Inc. RIA/Wealth	$34.5K 11.0K shares
B BlueStem Wealth Partners, LLC RIA/Wealth	$32.3K 10.3K shares
S State of Alaska, Department of Revenue Institution	$24.4K 7.8K shares
Triumph Capital Management RIA/Wealth	$13.5K 4.3K shares
Westside Investment Management, Inc. RIA/Wealth	$9.5K 2.8K shares
H Hilltop National Bank Institution	$942.0 300.0 shares
R Root Financial Partners, LLC RIA/Wealth	$550.0 175.0 shares

Exited Positions

Institution	Previous Position
W Winton Capital Group Ltd Institution	$378.6K 144.0K shares
W WOLVERINE TRADING, LLC Institution	$153.1K 56.7K shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	$114.8K 43.6K shares
H HSBC HOLDINGS PLC Institution	$52.6K 19.9K shares
T TWO SIGMA SECURITIES, LLC Institution	$43.2K 16.4K shares
T TOTAL INVESTMENT MANAGEMENT INC Institution	$5.3K 2.0K shares
S S.A. Mason LLC RIA/Wealth	$2.2K 850.0 shares
S Skopos Labs, Inc. RIA/Wealth	$1.2K 456.0 shares
W WOLFF WIESE MAGANA LLC Institution	$658.0 250.0 shares
Transce3nd, LLC RIA/Wealth	$263.0 100.0 shares

Options Activity

Institutions with the largest Call and Put options positions in NAT as of Q3 2025

Call Positions: 7
Call Value: $8.7M
Put Positions: 4
Put Value: $2.1M

Call Positions

Institution	Position Value
C CastleKnight Management LP Hedge Fund•Event Driven	$5.3M 17.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.9M 6.0K contracts
J JANE STREET GROUP, LLC Institution	$562.7K 1.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$500.8K 1.6K contracts
W WOLVERINE TRADING, LLC Institution	$290.4K 943.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$78.5K 250.0 contracts
Walleye Trading LLC RIA/Wealth	$60.3K 192.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.3M 4.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$597.5K 1.9K contracts
W WOLVERINE TRADING, LLC Institution	$146.6K 476.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$78.5K 250.0 contracts

Most Committed Institutions

Institutions with NAT as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
C CastleKnight Management LP Hedge Fund•Event Driven	Aaron Michael Weitman CIO	0.57% $10.6M	1.60% 3.4M shares	Q2 2025 Held for 5 months	$1.9B
P Philip James Wealth Mangement, LLC Institution	-	0.49% $4.1M	0.62% 1.3M shares	Q3 2024 Held for 1y 2m	$841.3M
W WealthTrust Axiom LLC Institution	-	0.46% $1.7M	0.26% 550.1K shares	≤ Q2 2013 Held for 12y 5m+	$373.3M
M MQS Management LLC Hedge Fund•Global Macro	Robert Yale Gelfond CEO	0.42% $724.9K	0.11% 230.9K shares	Q3 2025 Held for 2 months	$171.4M
CenterBook Partners LP Hedge Fund•Market Neutral	David Israel Stemerman CEO	0.27% $5.5M	0.83% 1.8M shares	Q2 2024 Held for 1y 5m	$2.0B
SILVER OAK SECURITIES, Inc RIA/Wealth	William Elliston Ii Hopkins President	0.10% $1.4M	0.20% 433.7K shares	Q3 2025 Held for 2 months	$1.3B
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	John Noland Ryan Montgomery CEO	0.09% $4.2M	0.64% 1.4M shares	Q4 2024 Held for 11 months	$4.7B
Significant Wealth Partners LLC RIA/Wealth	Brian William Atkins President	0.08% $170.3K	0.03% 54.2K shares	Q4 2024 Held for 11 months	$204.6M
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	David Khabie-Zeitoune CEO	0.08% $890.9K	0.13% 283.7K shares	Q1 2022 Held for 3y 8m	$1.1B
B Baron Wealth Management LLC RIA/Wealth	Beth Anne Zilka CCO	0.05% $132.5K	0.02% 42.2K shares	Q2 2025 Held for 5 months	$274.0M