Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

National Storage Affiliates (NSA)

329 + 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
↑ +8
Streak
1Q ▲
Buyers last Q
53%

Smart Money Signals — NSA

Based on 331 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added NSA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
331 funds currently hold this stock — 94% of the 3.0-year high of 351 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding NSA is almost the same as a year ago (-4 funds, -1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 53% buying

183 buying161 selling
Last quarter: 183 funds bought or added vs 161 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+22 vs last Q)

new funds entering per quarter
Funds opening a new NSA position: 66 → 37 → 51 → 73. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 18% medium ■ 20% new
205 out of 331 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.
💰

Price up while funds trimmed (+12% value, -8% shares)

Value
+12%
Shares
-7%
Last quarter: total value of institutional NSA holdings rose +12% even though funds reduced share count by 8%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📈

Growing discovery — still being found

44 → 66 → 37 → 51 → 73 new funds/Q
New funds entering each quarter: 66 → 37 → 51 → 73. A growing number of institutions are discovering NSA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 65% veterans vs 25% newcomers

■ 65% veterans ■ 10% 1-2yr ■ 25% new
Entry-cohort mix of 334 holders: 218 (65%) are 2+ year veterans, 34 entered 1–2 years ago, and 82 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
55 of 330 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in NSA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 2026 Q1, 183 hedge funds were net buyers of NSA (73 opened a new position, 110 added to an existing one), while 161 reduced or exited (96 trimmed, 65 sold completely) — a 53% buyer ratio, indicating a slight buying edge. 44% of total institutional value in NSA is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 331.

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

-- --

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

Is It Too Late to Buy National Storage Affiliates (NSA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NSA has moved relative to its sector benchmark (XLRE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 79d ago
NSA
+15.6%
XLRE
+7.7%

NSA outperformed XLRE by +7.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
NSA
+6.4%
XLRE
+1.7%

Since the filing became public, NSA outperformed XLRE by +4.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

29 top-rated funds 1 high-conviction
Consensus
6.4
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: NSA
329 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 329 323 1.86%
13F Shares 71M 77M -7.69%
Total Value $2.44B $2.18B 12.19%
New Positions 71 51 +20
Increased Positions 108 109 -1
Closed Positions 65 52 +13
Reduced Positions 96 121 -25
Total Calls 2 2 -
Total Puts 2 1 100.0%
PUT/CALL Ratio 1.0 0.5 Neutral

Statistics: NSA

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

329 + investors

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

QUARTER:
Top 25 NSA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 First Trust Capital Management L.P. 3.60% 1,814,200 $68.5M
2 Water Island Capital LLC 2.43% 576,224 $21.7M
3 Kintayl Capital LP 1.23% 62,767 $2.4M
4 Alpine Associates Management INC. 1.06% 475,900 $18.0M
5 Leeward Investments, LLC - MA 0.73% 393,446 $14.8M
6 Fortress Investment Group LLC 0.66% 68,763 $2.6M
7 Abc Arbitrage SA 0.54% 108,503 $4.1M
8 Cincinnati Insurance Co 0.51% 893,654 $33.7M
9 Magnetar Financial LLC 0.47% 1,228,472 $46.4M
10 Lecap Asset Management Ltd 0.42% 29,666 $1.1M
11 Heartland Advisors Inc 0.39% 200,000 $7.5M
12 Sound Income Strategies, LLC 0.29% 155,041 $6.0M
13 AQR Arbitrage LLC 0.28% 454,254 $16.8M
14 Beacon Investment Advisors LLC 0.25% 17,500 $660K
15 Peak Financial Advisors LLC 0.24% 14,545 $549K
16 TIG Advisors, LLC 0.20% 114,749 $4.3M
17 Lighthouse Investment Partners, LLC 0.20% 150,000 $5.7M
18 Alpine Global Management, LLC 0.19% 33,964 $1.3M
19 Sagewood Asset Management LP 0.18% 15,562 $587K
20 Centaurus Financial, INC. 0.18% 98,378 $3.7M
21 Odyssean, LLC 0.17% 12,637 $477K
22 Moseley Investment Management Inc 0.17% 14,076 $531K
23 Bridgefront Capital, LLC 0.15% 15,868 $599K
24 Soros Fund Management LLC 0.13% 317,432 $12.0M
25 Pacific Point Advisors, LLC 0.11% 5,408 $204K
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added NSA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NSA?

Slight buying edge — 53% buying: Last quarter: 183 funds bought or added vs 161 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NSA holders?

Elite ownership — 44% AUM from top-100 funds: 55 of 330 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in NSA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NSA?

62% of holders stayed for 2+ years: 205 out of 331 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.

Is it too late to buy National Storage Affiliates (NSA) following the 2026 Q1 hedge fund 13F filings?

As of today, NSA has moved +6.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.7% for the XLRE sector ETF — an outperformance of +4.7%. Since the quarter end (March 31, 2026), NSA has gained +15.6% vs +7.7% for XLRE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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