National Storage Affiliates

NSA • NYSE

National Storage Affiliates is a reit - industrial company in the real estate sector on NYSE, led by David Cramer, with a market cap of $2.3B. As of Q3 2025, 94% of shares are held by 323 institutional investors, with VANGUARD GROUP INC as the largest holder at 12.53%.

Chief Executive OfficerDavid Cramer

Market Cap$2.3B

REIT - Industrial

Real Estate

Employees1.1K

Websitenationalstorageaffiliates.com

Country

United States of America

Overview

Overview of institutional ownership in NSA as of Q3 2025 with a market cap of $2.3B

All Institutions

Institutions: 323
Value Held: $2.2B
Shares Held: 72.1M
Avg Position: $6.7M
Median Position: $657.6K

Hedge Funds

Hedge Funds: 38
Value Held: $464.1M
Shares Held: 15.4M
Avg Position: $12.2M
Median Position: $2.4M

Ownership Breakdown

Institutional (non-HF)

73.87%

$1.7B

Hedge Funds

20.01%

$464.1M

Retail & Other

6.13%

$142.1M

Based on market cap of $2.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in NSA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$290.7M 0.00% of portfolio	12.53% 9.6M shares	Q2 2015 Held for 10y 5m	$6.69T
B BlackRock, Inc. Institution	-	$256.4M 0.00% of portfolio	11.05% 8.5M shares	Q2 2015 Held for 10y 5m	$5.67T
Long Pond Capital, LP Hedge Fund•Long/Short	John Peter Khoury Managing Partner	$116.2M 7.65% of portfolio	5.01% 3.8M shares	Q2 2025 Held for 5 months	$1.5B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$111.3M 0.00% of portfolio	4.80% 3.7M shares	Q2 2015 Held for 10y 5m	$2.88T
PRUDENTIAL FINANCIAL INC Institution	Andrew F. Sullivan CEO	$75.0M 0.09% of portfolio	3.23% 2.5M shares	Q2 2017 Held for 8y 5m	$84.1B
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dmitry Balyasny CIO	$71.0M 0.15% of portfolio	3.06% 2.3M shares	Q3 2020 Held for 5y 2m	$48.1B
WASATCH ADVISORS INC Long Only Manager	Michael Kenneth Yeates CEO	$55.8M 0.30% of portfolio	2.40% 1.8M shares	Q4 2017 Held for 7y 11m	$18.6B
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	Teresa Joy Rasmussen CEO	$50.0M 0.10% of portfolio	2.16% 1.7M shares	Q1 2016 Held for 9y 8m	$48.0B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$46.5M 0.00% of portfolio	2.00% 1.5M shares	Q3 2015 Held for 10y 2m	$1.57T
JENNISON ASSOCIATES LLC Long Only Manager	Jeffrey Todd Becker CEO	$45.9M 0.03% of portfolio	1.98% 1.5M shares	Q2 2015 Held for 10y 5m	$171.73B

Net Capital Flow

Institutional buying and selling activity for NSA in Q3 2025

Traded: +$80.7M
Buyers: 157
Sellers: 163
Total Bought: +$387.9M
Total Sold: −$307.2M
Avg Position: $6.0M

Biggest Buyers

Institution	Net Bought	Current Position
Long Pond Capital, LP Hedge Fund•Long/Short	+$40.7M +1.3M shares	$116.2M 3.8M shares
Engineers Gate Manager LP Hedge Fund•Quant	+$36.1M +1.2M shares	$38.5M 1.3M shares
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	+$33.1M +1.1M shares	$33.1M 1.1M shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	+$28.3M +937.9K shares	$32.3M 1.1M shares
BANK OF AMERICA CORP /DE/ Institution	+$21.6M +714.8K shares	$35.2M 1.2M shares
COHEN & STEERS INC Institution	+$18.0M +594.2K shares	$26.6M 880.3K shares
R ROYAL BANK OF CANADA Institution	+$15.5M +513.2K shares	$21.7M 716.9K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	+$14.2M +468.9K shares	$27.8M 920.7K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$12.9M +427.6K shares	$12.9M 427.6K shares
Irenic Capital Management LP Hedge Fund•Activist	+$12.2M +402.8K shares	$12.2M 402.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
WASATCH ADVISORS INC Long Only Manager	−$86.2M −2.9M shares	$55.8M 1.8M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$27.6M −912.6K shares	$11.1M 367.0K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$24.1M −797.4K shares	$71.0M 2.3M shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	−$21.2M −702.6K shares	$50.0M 1.7M shares
J JANE STREET GROUP, LLC Institution	−$10.9M −359.8K shares	$1.3M 44.2K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$9.9M −327.9K shares	$33.6M 1.1M shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	−$7.4M −246.0K shares	$1.2M 39.9K shares
S SEI INVESTMENTS CO Institution	−$7.3M −241.1K shares	$3.0M 98.2K shares
HENDERSON GROUP PLC Institution	−$6.7M −222.9K shares	$910.6K 30.1K shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	−$6.7M −221.8K shares	$16.3M 539.1K shares

Entry and Exit Activity

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

New Positions: 15
New Value: $15.6M
Exited Positions: 43
Exited Value: $39.9M

New Positions

Institution	Position Value
Irenic Capital Management LP Hedge Fund•Activist	$12.2M 402.8K shares
Levin Easterly Partners LLC Long Only Manager	$1.1M 37.9K shares
Stratos Wealth Partners, LTD. RIA/Wealth	$687.3K 22.7K shares
Pallas Capital Advisors LLC RIA/Wealth	$538.2K 17.8K shares
Western Wealth Management, LLC RIA/Wealth	$287.3K 9.5K shares
E EVERGREEN CAPITAL MANAGEMENT LLC Institution	$246.3K 8.1K shares
Private Capital Management, LLC RIA/Wealth	$241.8K 8.0K shares
SYON CAPITAL LLC RIA/Wealth	$201.5K 6.7K shares
Point72 Europe LLP Digital Asset Manager	$51.0K 1.7K shares
P Pilgrim Partners Asia Pte Ltd Institution	$41.1K 1.4K shares

Exited Positions

Institution	Previous Position
Marshall Wace LLP Institution	$5.8M 180.5K shares
C CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM Institution	$4.5M 139.3K shares
Aptus Capital Advisors, LLC ETF Provider	$3.5M 108.6K shares
D Dean Capital Investments Management, LLC Institution	$3.4M 105.0K shares
B Brevan Howard Capital Management LP Institution	$2.7M 84.0K shares
OPPENHEIMER ASSET MANAGEMENT INC. RIA/Wealth	$2.2M 69.6K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.9M 58.0K shares
X XTX Topco Ltd Institution	$1.7M 52.5K shares
BB&T CORP Institution	$1.4M 45.0K shares
F FOX RUN MANAGEMENT, L.L.C. Hedge Fund•Quant	$1.3M 39.9K shares

Options Activity

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

Call Positions: 2
Call Value: $616.5K
Put Positions: 1
Put Value: $269.0K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$326.4K 108.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$290.1K 96.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$269.0K 89.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Long Pond Capital, LP Hedge Fund•Long/Short	John Peter Khoury Managing Partner	7.65% $116.2M	5.01% 3.8M shares	Q2 2025 Held for 5 months	$1.5B
D. SCOTT NEAL, INC. RIA/Wealth	David Scott Neal President	3.58% $7.7M	0.33% 255.9K shares	Q1 2024 Held for 1y 8m	$216.2M
Irenic Capital Management LP Hedge Fund•Activist	Adam Jason Katz CIO	2.59% $12.2M	0.52% 402.8K shares	Q3 2025 Held for 2 months	$469.3M
Q QSV Equity Investors LLC Institution	-	1.47% $1.4M	0.06% 47.6K shares	Q4 2023 Held for 1y 11m	$97.9M
H HEARTLAND ADVISORS INC Long Only Manager	William Richard Nasgovitz CEO	1.03% $19.5M	0.84% 646.2K shares	Q1 2023 Held for 2y 8m	$1.9B
G Greenland Capital Management LP Hedge Fund•Multi-Strategy	Michael J Englander CEO	0.70% $4.5M	0.19% 148.9K shares	Q1 2025 Held for 8 months	$641.9M
Leeward Investments, LLC - MA Long Only Manager	R. Todd Vingers President	0.63% $12.3M	0.53% 406.2K shares	Q3 2022 Held for 3y 2m	$2.0B
C CINCINNATI INSURANCE CO Institution	-	0.44% $27.0M	1.16% 893.7K shares	Q1 2023 Held for 2y 8m	$6.1B
Engineers Gate Manager LP Hedge Fund•Quant	Robert Gregory Eisner CEO	0.44% $38.5M	1.66% 1.3M shares	Q4 2024 Held for 11 months	$8.8B
Sound Income Strategies, LLC RIA/Wealth	David Joseph Scranton Managing Partner	0.36% $6.5M	0.28% 211.6K shares	Q2 2023 Held for 2y 5m	$1.8B