Mar 31, 2026 filings. Quarterly 13F reports arrive up to 45 days after quarter end; this register is filed through May 29, 2026.
351 institutional managers reported holding NATL for the quarter ended Mar 31, 2026. Together they hold about 89% of shares outstanding; the top 10 hold 47%. 70 opened new positions; 52 closed out. Complete ranked register from SEC 13F filings.
| manager | shares | % out | value (Mar 31, 2026 close) | change | held since |
|---|---|---|---|---|---|
| BlackRock | 10.58M | 14.00% | $461.0M | unchanged | 2023 Q4 |
| Vanguard Group | 8.18M | 10.81% | $356.2M | added +1.5% | 2023 Q4 |
| State Street | 2.83M | 3.74% | $123.1M | added +1.2% | 2023 Q4 |
| Engine Capital Management, LP (focused) | 2.58M | 3.42% | $112.5M | unchanged | 2024 Q2 |
| Fuller & Thaler Asset Management, INC. | 2.11M | 2.80% | $92.1M | trimmed -3.4% | 2023 Q4 |
| Fourth Sail Capital LP (focused) | 2.03M | 2.68% | $88.4M | added +130.1% | 2025 Q4 |
| Bank OF America CORP /DE/ | 1.86M | 2.46% | $81.1M | added +198.2% | 2023 Q4 |
| Geode Capital | 1.76M | 2.33% | $76.6M | added +3% | 2023 Q4 |
| Dimensional Fund Advisors | 1.64M | 2.16% | $71.3M | added +3.7% | 2023 Q4 |
| Victory Capital Management INC | 1.62M | 2.14% | $70.4M | trimmed -34.8% | 2023 Q4 |
| Alta FOX Capital Management, LLC (focused) | 1.56M | 2.06% | $68.0M | trimmed -20% | 2025 Q2 |
| Coliseum Capital Management, LLC (focused) | 1.52M | 2.02% | $66.4M | trimmed -40.7% | 2025 Q1 |
| Charles Schwab Investment Management | 1.23M | 1.63% | $53.8M | trimmed -11.8% | 2023 Q4 |
| Goldman Sachs | 1.22M | 1.62% | $53.4M | added +37.2% | 2023 Q4 |
| Brown Advisory INC | 1.18M | 1.55% | $51.2M | trimmed -42.6% | 2023 Q4 |
| AllianceBernstein | 1.12M | 1.48% | $48.7M | trimmed -65.6% | 2023 Q4 |
| Capital International Investors | 978.1k | 1.29% | $42.6M | added +43.3% | 2025 Q3 |
| LSV Asset Management | 901.4k | 1.19% | $39.3M | trimmed -17.9% | 2023 Q4 |
| AQR Capital | 894.8k | 1.18% | $39.0M | added +640.2% | 2023 Q4 |
| Citigroup INC | 887.8k | 1.17% | $38.7M | added +5135.7% | 2023 Q4 |
| Morgan Stanley | 878.7k | 1.16% | $38.3M | trimmed -24.8% | 2023 Q4 |
| Northern Trust | 832.4k | 1.10% | $36.3M | trimmed -7.4% | 2023 Q4 |
| BNP Paribas Financial Markets | 754.8k | 1.00% | $32.9M | added +4002.9% | 2024 Q1 |
| Soros Fund Management | 730.3k | 0.97% | $31.8M | opened | 2026 Q1 |
| Balyasny Asset Management | 623.4k | 0.82% | $27.2M | opened | 2026 Q1 |
| Grantham, Mayo, Van Otterloo & CO. LLC | 558.2k | 0.74% | $24.3M | opened | 2026 Q1 |
| Breach Inlet Capital Management, LLC (focused) | 542.7k | 0.72% | $23.6M | added +47.9% | 2025 Q3 |
| Woodline Partners LP | 539.8k | 0.71% | $23.5M | added +99.5% | 2025 Q4 |
| Boston Partners | 521.0k | 0.69% | $22.7M | opened | 2026 Q1 |
| Millennium Management | 494.7k | 0.65% | $21.6M | added +100.1% | 2025 Q3 |
| Squarepoint Ops LLC | 481.9k | 0.64% | $21.0M | opened | 2025 Q3 |
| Alpine Associates Management INC. | 474.8k | 0.63% | $20.7M | opened | 2026 Q1 |
| BNY Mellon | 449.9k | 0.59% | $19.6M | trimmed -4.2% | 2023 Q4 |
| Franklin Resources | 445.1k | 0.59% | $19.4M | added +44.5% | 2023 Q4 |
| Nuveen | 422.5k | 0.56% | $18.4M | trimmed -47.4% | 2023 Q4 |
| Man Group | 410.0k | 0.54% | $17.9M | opened | 2026 Q1 |
| Crescent Grove Advisors, LLC | 401.5k | 0.53% | $17.5M | added +3.4% | 2023 Q4 |
| Qube Research & Technologies LTD | 382.0k | 0.51% | $16.6M | opened | 2026 Q1 |
| Principal Financial Group INC | 361.3k | 0.48% | $15.7M | added +2.3% | 2023 Q4 |
| Glenmede Trust CO NA | 357.4k | 0.47% | $15.6M | trimmed -8.5% | 2025 Q2 |
| UBS | 352.8k | 0.47% | $15.4M | added +74.6% | 2023 Q4 |
| Royce & Associates | 344.6k | 0.46% | $15.0M | trimmed -20.3% | 2024 Q3 |
| King Luther Capital Management CORP | 326.5k | 0.43% | $14.2M | added +32.7% | 2025 Q4 |
| First Manhattan CO. LLC. | 312.1k | 0.41% | $13.6M | trimmed -86.4% | 2023 Q4 |
| Invesco | 292.0k | 0.39% | $12.7M | trimmed -0.8% | 2023 Q4 |
| Public Sector Pension Investment Board | 264.4k | 0.35% | $11.5M | added +3.4% | 2023 Q4 |
| Lone Peak Global Investors LLC (focused) | 226.8k | 0.30% | $9.9M | trimmed -63.5% | 2023 Q4 |
| Wealth Enhancement Advisory Services, LLC | 219.4k | 0.29% | $9.6M | trimmed -42.9% | 2025 Q3 |
| Arrowstreet Capital | 211.8k | 0.28% | $9.2M | added +201.9% | 2025 Q2 |
| Federated Hermes, INC. | 211.0k | 0.28% | $9.2M | added +4.6% | 2024 Q3 |
Largest 50 of 351 shown; the full ranked, searchable register is at boothcheck.com/holders/NATL. Related filers are grouped using the filings' own included-manager declarations. Historically, several managers opening new positions in the same quarter said almost nothing about the quarter that followed (59,118 cases since 2013). A filed record, not a forecast. Nothing here is investment advice.