National Storage Affiliates (NSA) SEC 13F Holdings (Q2 2026) — Net Institutional Activity: $343.1M

NSA ranks #1864 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

NSA is a top-conviction position for First Trust Capital Management L.P. — at 5.4% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in NSA belongs to BlackRock, Inc., but the position matters far more to First Trust Capital Management L.P., who has 5.4% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

BlackRock has added to its NSA position for two straight quarters, increasing it by $158.2M to reach $403.1M today.

Bank Of America CORP /de/ has trimmed its NSA position for two straight quarters, cutting it by $13.8M while still holding $12.1M.

NSA posted net income of $78.6M over the trailing twelve months.

• Profitable — net income of $78.6M over the trailing twelve months
• Revenue declined 1.6% year over year
• Net income improved year over year, from $65.5M to $78.6M
• Generated $338.5M in positive operating cash flow
• Liabilities run 3.75x equity — a highly leveraged balance sheet worth noting