Who owns NATL
Which tracked institutional funds hold NATL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NATL company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
65 tracked funds added or opened NATL while 75 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
NATL’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes NATL more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in NATL divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 339 tracked filers holding NATL, 153 increased or opened the position and 165 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in NATL between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 19
- Hudson Bay Capital Management LP$43M
- TIG Advisors, LLC$36M
- CAPSTONE INVESTMENT ADVISORS, LLC$10M
- OSSIAM$8M
- Maven Securities LTD$7M
- Sagefield Capital LP$7M
Full exits 30
- Fourth Sail Capital LP$88M
- Capital International Investors$43M
- LSV ASSET MANAGEMENT$39M
- Boston Partners$23M
- LONE PEAK GLOBAL INVESTORS LLC$10M
- FEDERATED HERMES, INC.$9M
Largest adds
- BlackRock, Inc.$136M
- BANK OF AMERICA CORP /DE/$91M
- ALLIANCEBERNSTEIN L.P.$57M
- GOLDMAN SACHS GROUP INC$38M
- Man Group plc$32M
- MILLENNIUM MANAGEMENT LLC$28M
Largest trims
- BROWN ADVISORY INC$50M
- VICTORY CAPITAL MANAGEMENT INC$31M
- Coliseum Capital Management, LLC$20M
- Nuveen, LLC$11M
- BALYASNY ASSET MANAGEMENT L.P.$10M
- MORGAN STANLEY$8M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 10,823,638 | $470M | 15.9% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 4,284,704 | $186M | 6.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 3,967,979 | $172M | 5.8% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 3,320,280 | $144M | 4.9% | 2026-Q2 |
| STATE STREET CORP added | 2,952,190 | $128M | 4.3% | 2026-Q2 |
| Engine Capital Management, LP | 2,581,525 | $112M | 3.8% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 2,289,210 | $100M | 3.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 2,094,272 | $91M | 3.1% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 2,082,141 | $90M | 3.1% | 2026-Q2 |
| FULLER & THALER ASSET MANAGEMENT, INC. trimmed | 2,011,636 | $87M | 3.0% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 1,735,877 | $75M | 2.6% | 2026-Q2 |
| ALTA FOX CAPITAL MANAGEMENT, LLC | 1,560,889 | $68M | 2.3% | 2026-Q2 |
| CITIGROUP INC added | 1,340,611 | $58M | 2.0% | 2026-Q2 |
| AQR Arbitrage LLC added | 1,148,113 | $49M | 1.7% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 1,143,132 | $50M | 1.7% | 2026-Q2 |
| Man Group plc added | 1,138,646 | $49M | 1.7% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 1,121,928 | $49M | 1.7% | 2026-Q2 |
| Coliseum Capital Management, LLC trimmed | 1,071,128 | $46M | 1.6% | 2026-Q2 |
| SOROS FUND MANAGEMENT LLC added | 1,033,562 | $45M | 1.5% | 2026-Q2 |
| Hudson Bay Capital Management LP added | 992,914 | $43M | 1.5% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 917,919 | $40M | 1.4% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 905,527 | $39M | 1.3% | 2026-Q2 |
| TIG Advisors, LLC new | 831,361 | $36M | 1.2% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 820,453 | $36M | 1.2% | 2026-Q2 |
| MORGAN STANLEY trimmed | 701,547 | $30M | 1.0% | 2026-Q2 |
| ALPINE ASSOCIATES MANAGEMENT INC. added | 665,650 | $29M | 1.0% | 2026-Q2 |
| Grantham, Mayo, Van Otterloo & Co. LLC added | 614,752 | $27M | 0.9% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 559,883 | $24M | 0.8% | 2026-Q2 |
| Squarepoint Ops LLC added | 547,643 | $24M | 0.8% | 2026-Q2 |
| BREACH INLET CAPITAL MANAGEMENT, LLC | 542,663 | $24M | 0.8% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 529,082 | $23M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp added | 466,251 | $20M | 0.7% | 2026-Q2 |
| ROYCE & ASSOCIATES LP added | 392,343 | $17M | 0.6% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 390,191 | $17M | 0.6% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 386,083 | $17M | 0.6% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 373,524 | $16M | 0.5% | 2026-Q2 |
| Woodline Partners LP trimmed | 366,732 | $16M | 0.5% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 360,683 | $16M | 0.5% | 2026-Q2 |
| GLENMEDE TRUST CO NA trimmed | 343,057 | $15M | 0.5% | 2026-Q2 |
| Crescent Grove Advisors, LLC trimmed | 338,916 | $15M | 0.5% | 2026-Q2 |
| KING LUTHER CAPITAL MANAGEMENT CORP added | 331,502 | $14M | 0.5% | 2026-Q2 |
| Invesco Ltd. added | 319,181 | $14M | 0.5% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 318,125 | $14M | 0.5% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 304,314 | $13M | 0.4% | 2026-Q2 |
| Kintayl Capital LP added | 278,169 | $12M | 0.4% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 277,937 | $12M | 0.4% | 2026-Q2 |
| Public Sector Pension Investment Board trimmed | 253,562 | $11M | 0.4% | 2026-Q2 |
| UBS Group AG added | 244,553 | $11M | 0.4% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 242,296 | $11M | 0.4% | 2026-Q2 |
| CAPSTONE INVESTMENT ADVISORS, LLC added | 230,300 | $10M | 0.3% | 2026-Q2 |
| FIRST MANHATTAN CO. LLC. | 201,195 | $9M | 0.3% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 193,915 | $8M | 0.3% | 2026-Q2 |
| Gotham Asset Management, LLC trimmed | 191,249 | $8M | 0.3% | 2026-Q2 |
| OSSIAM new | 185,968 | $8M | 0.3% | 2026-Q2 |
| FMR LLC added | 184,202 | $8M | 0.3% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 181,949 | $8M | 0.3% | 2026-Q2 |
| Nuveen, LLC trimmed | 177,544 | $8M | 0.3% | 2026-Q2 |
| Legal & General Group Plc trimmed | 176,715 | $8M | 0.3% | 2026-Q2 |
| ALGERT GLOBAL LLC added | 167,470 | $7M | 0.2% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 166,300 | $7M | 0.2% | 2026-Q2 |
| Maven Securities LTD new | 161,288 | $7M | 0.2% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 159,438 | $7M | 0.2% | 2026-Q2 |
| KESTREL INVESTMENT MANAGEMENT CORP | 156,850 | $7M | 0.2% | 2026-Q2 |
| Sagefield Capital LP new | 156,003 | $7M | 0.2% | 2026-Q2 |
| Yakira Capital Management, Inc. new | 153,605 | $7M | 0.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 148,542 | $6M | 0.2% | 2026-Q2 |
| Swiss National Bank | 146,180 | $6M | 0.2% | 2026-Q2 |
| Glendon Capital Management LP | 143,500 | $6M | 0.2% | 2026-Q2 |
| BARCLAYS PLC trimmed | 134,843 | $6M | 0.2% | 2026-Q2 |
| Jupiter Topco LLC new | 134,060 | $6M | 0.2% | 2026-Q2 |
| Weiss Asset Management LP added | 127,758 | $6M | 0.2% | 2026-Q2 |
| GABELLI FUNDS LLC added | 123,213 | $5M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 117,581 | $5M | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 95,892 | $4M | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 91,860 | $4M | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 90,101 | $4M | 0.1% | 2026-Q2 |
| Polar Asset Management Partners Inc. new | 89,343 | $4M | 0.1% | 2026-Q2 |
| New York Life Investment Management LLC added | 86,092 | $4M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 85,391 | $4M | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 77,645 | $3M | 0.1% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC added | 76,882 | $3M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 76,288 | $3M | 0.1% | 2026-Q2 |
| P SCHOENFELD ASSET MANAGEMENT LP | 75,000 | $3M | 0.1% | 2026-Q2 |
| Hodges Capital Management Inc. | 73,800 | $3M | 0.1% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC added | 69,463 | $3M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 67,505 | $3M | 0.1% | 2026-Q2 |
| MOORE CAPITAL MANAGEMENT, LP added | 60,000 | $3M | 0.1% | 2026-Q2 |
| Villanova Investment Management Co LLC trimmed | 56,603 | $2M | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 55,588 | $2M | 0.1% | 2026-Q2 |
| LMR Partners LLP new | 54,315 | $2M | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 52,086 | $2M | 0.1% | 2026-Q2 |
| First Pacific Advisors, LP trimmed | 50,033 | $2M | 0.1% | 2026-Q2 |
| Y-Intercept (Hong Kong) Ltd added | 46,577 | $2M | 0.1% | 2026-Q2 |
| GABELLI & Co INVESTMENT ADVISERS, INC. new | 44,691 | $2M | 0.1% | 2026-Q2 |
| Versor Investments LP added | 43,921 | $2M | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC added | 43,260 | $2M | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP added | 43,010 | $2M | 0.1% | 2026-Q2 |
| WATER ISLAND CAPITAL LLC added | 41,860 | $2M | 0.1% | 2026-Q2 |
| PRELUDE CAPITAL MANAGEMENT, LLC trimmed | 40,142 | $2M | 0.1% | 2026-Q2 |
| Focus Partners Wealth trimmed | 39,859 | $2M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.