Natural Grocers by Vitamin Cottage

NGVC • NYSE

Natural Grocers by Vitamin Cottage is a grocery stores company in the consumer defensive sector on NYSE, led by Kemper Isely, with a market cap of $586.4M. As of Q3 2025, 41% of shares are held by 163 institutional investors, with BlackRock, Inc. as the largest holder at 4.01%.

Co-PresidentKemper Isely

Market Cap$586.4M

Grocery Stores

Consumer Defensive

Employees4.2K

Websitenaturalgrocers.com

Country

United States of America

Overview

Overview of institutional ownership in NGVC as of Q3 2025 with a market cap of $918.2M

All Institutions

Institutions: 163
Value Held: $378.9M
Shares Held: 9.5M
Avg Position: $2.3M
Median Position: $324.4K

Hedge Funds

Hedge Funds: 27
Value Held: $74.7M
Shares Held: 1.9M
Avg Position: $2.8M
Median Position: $1.1M

Ownership Breakdown

Institutional (non-HF)

33.13%

$304.2M

Hedge Funds

8.14%

$74.7M

Retail & Other

58.74%

$539.3M

Based on market cap of $918.2M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in NGVC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$36.8M 0.00% of portfolio	4.01% 920.9K shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$30.4M 0.00% of portfolio	3.31% 759.9K shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$26.8M 0.00% of portfolio	2.92% 669.6K shares	Q4 2024 Held for 11 months	$571.21B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$25.8M 0.01% of portfolio	2.81% 644.3K shares	Q1 2014 Held for 11y 8m	$466.32B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$21.6M 0.02% of portfolio	2.35% 539.4K shares	Q3 2023 Held for 2y 2m	$121.98B
A AMERICAN CENTURY COMPANIES INC Institution	-	$20.2M 0.01% of portfolio	2.20% 504.6K shares	Q2 2020 Held for 5y 5m	$195.93B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$19.2M 0.03% of portfolio	2.09% 478.9K shares	Q2 2015 Held for 10y 5m	$75.8B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$12.6M 0.00% of portfolio	1.38% 315.8K shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	David Craig Brown CEO	$11.7M 0.01% of portfolio	1.28% 293.5K shares	Q1 2025 Held for 8 months	$158.22B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$10.9M 0.00% of portfolio	1.19% 272.4K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for NGVC in Q3 2025

Traded: +$3.3M
Buyers: 93
Sellers: 72
Total Bought: +$66.1M
Total Sold: −$62.7M
Avg Position: $1.9M

Biggest Buyers

Institution	Net Bought	Current Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$12.8M +320.2K shares	$21.6M 539.4K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$10.5M +262.8K shares	$26.8M 669.6K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$4.1M +103.0K shares	$7.4M 184.3K shares
CenterBook Partners LP Hedge Fund•Market Neutral	+$3.1M +76.8K shares	$3.1M 76.8K shares
GOLDMAN SACHS GROUP INC Institution	+$2.6M +66.0K shares	$10.4M 260.3K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$2.3M +56.8K shares	$3.7M 93.4K shares
OBERWEIS ASSET MANAGEMENT INC/ Long Only Manager	+$2.3M +56.5K shares	$8.8M 218.8K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	+$1.9M +47.1K shares	$1.9M 47.1K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$1.6M +40.0K shares	$1.6M 40.0K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$1.6M +39.9K shares	$2.8M 70.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	−$9.0M −228.0K shares	Sold Off 0 shares
LORD, ABBETT & CO. LLC Long Only Manager	−$8.7M −216.9K shares	$6.1M 152.7K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$7.3M −182.1K shares	$25.8M 644.3K shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$3.4M −85.8K shares	$11.7M 293.5K shares
Q Qube Research & Technologies Ltd Institution	−$3.0M −75.8K shares	$6.3M 157.3K shares
SEGALL BRYANT & HAMILL Long Only Manager	−$2.7M −67.6K shares	Sold Off 0 shares
Marshall Wace LLP Institution	−$2.6M −66.1K shares	Sold Off 0 shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$2.5M −62.4K shares	$19.2M 478.9K shares
Invesco Ltd. ETF Provider	−$2.3M −57.2K shares	$1.2M 29.3K shares
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	−$2.0M −50.6K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 11
New Value: $1.6M
Exited Positions: 31
Exited Value: $28.3M

New Positions

Institution	Position Value
Kovitz Investment Group Partners, LLC RIA/Wealth	$735.5K 18.4K shares
AIGEN INVESTMENT MANAGEMENT, LP Hedge Fund•Long/Short	$242.8K 6.1K shares
E EHP Funds Inc. Institution	$227.4K 5.7K shares
Quantinno Capital Management LP Hedge Fund•Market Neutral	$204.9K 5.1K shares
WEXFORD CAPITAL LP Hedge Fund•Multi-Strategy	$98.9K 2.5K shares
S State of Alaska, Department of Revenue Institution	$36.4K 911.0 shares
Q Quarry LP Institution	$8.8K 220.0 shares
HARBOR CAPITAL ADVISORS, INC. ETF Provider	$7.5K 188.0 shares
O Optiver Holding B.V. Institution	$2.6K 64.0 shares
Hartland & Co., LLC RIA/Wealth	$440.0 11.0 shares

Exited Positions

Institution	Previous Position
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	$9.0M 228.0K shares
SEGALL BRYANT & HAMILL Long Only Manager	$2.7M 67.6K shares
Marshall Wace LLP Institution	$2.6M 66.1K shares
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	$2.0M 50.6K shares
FIRST TRUST ADVISORS LP ETF Provider	$1.4M 34.4K shares
O OPTIONS SOLUTIONS, LLC Hedge Fund•Sector	$1.3M 33.7K shares
Harvest Investment Services, LLC RIA/Wealth	$1.2M 30.4K shares
MACKENZIE FINANCIAL CORP Long Only Manager	$1.1M 27.3K shares
D Dynamic Technology Lab Private Ltd Institution	$997.9K 25.4K shares
Y Y-Intercept Ltd Institution	$945.9K 24.1K shares

Options Activity

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

Call Positions: 1
Call Value: -
Put Positions: 1
Put Value: -

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Green Alpha Advisors, LLC Long Only Manager	Garvin Frederic Jabusch Founder	2.45% $2.5M	0.28% 63.3K shares	Q4 2020 Held for 4y 11m	$103.4M
O Ophir Asset Management Pty Ltd Long Only Manager	Sandra Donnarumma COO	1.12% $9.1M	0.99% 227.2K shares	Q2 2025 Held for 5 months	$809.7M
NIA IMPACT ADVISORS, LLC Long Only Manager	Kristin Blair Hull CEO	1.03% $3.2M	0.34% 78.9K shares	Q3 2024 Held for 1y 2m	$307.7M
OBERWEIS ASSET MANAGEMENT INC/ Long Only Manager	James Walter Oberweis President	0.34% $8.8M	0.95% 218.8K shares	Q3 2024 Held for 1y 2m	$2.6B
E EHP Funds Inc. Institution	-	0.31% $227.4K	0.02% 5.7K shares	Q3 2025 Held for 2 months	$72.6M
CenterBook Partners LP Hedge Fund•Market Neutral	David Israel Stemerman CEO	0.15% $3.1M	0.33% 76.8K shares	Q3 2025 Held for 2 months	$2.0B
E Empirical Finance, LLC Institution	-	0.14% $3.0M	0.33% 75.3K shares	Q2 2025 Held for 5 months	$2.1B
SIERRA SUMMIT ADVISORS LLC RIA/Wealth	Joseph Thomas Seminetta CCO	0.14% $939.0K	0.10% 23.5K shares	Q3 2025 Held for 2 months	$655.2M
C CSM Advisors, LLC Institution	-	0.12% $4.2M	0.46% 105.0K shares	Q2 2025 Held for 5 months	$3.4B
E EntryPoint Capital, LLC Hedge Fund•Long/Short	Lawrence Edward Leibowitz CEO	0.10% $257.9K	0.03% 6.4K shares	Q4 2024 Held for 11 months	$258.4M

Hedge Fund Spotlight

Discover hedge funds investing in NGVC

EntryPoint Capital, LLC

Hedge Fund • Long/Short

Portfolio ManagerLawrence Edward Leibowitz

Portfolio Value: $258.4M
Positions: 644
Last Reported: Q3 2025

Sector Allocation

Position in Natural Grocers by Vitamin Cottage

Market Value: $257.9K
Shares Held: 6.4K
Portfolio Weight: 0.10%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 Verizon Communications VZ	Telecommunications Services Communication Services	$1.5M	0.60%
2 Strategic Education, Inc. STRA	Education & Training Services Consumer Defensive	$1.5M	0.58%
3 ESCO Technologies ESE	Hardware, Equipment & Parts Technology	$1.5M	0.56%