Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in NL held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | DIMENSIONAL FUND ADVISORS LP | 2.1M | $12.2M | -1.5% | 4.212% | 0.00% |
| 2 | BlackRock, Inc. | 540K | $3.2M | +2.0% | 1.105% | 0.00% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 325K | $1.9M | +1.2% | 0.665% | 0.00% |
| 4 | Aristides Capital LLC | 313K | $1.9M | -24.9% | 0.640% | 0.36% |
| 5 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | 311K | $1.9M | -4.6% | 0.636% | 0.03% |
| 6 | MILLENNIUM MANAGEMENT LLC | 258K | $1.5M | +1170.1% | 0.528% | 0.00% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 217K | $1.3M | -3.2% | 0.445% | 0.00% |
| 8 | Empowered Funds, LLC | 217K | $1.3M | -6.5% | 0.444% | 0.01% |
| 9 | RENAISSANCE TECHNOLOGIES LLC | 183K | $1.1M | +12.5% | 0.374% | 0.00% |
| 10 | STATE STREET CORP | 134K | $796K | +0.0% | 0.274% | 0.00% |
| 11 | SEGALL BRYANT & HAMILL, LLC | 93K | $555K | 0.0% | 0.191% | 0.01% |
| 12 | NORTHERN TRUST CORP | 85K | $506K | +3.5% | 0.174% | 0.00% |
| 13 | MORGAN STANLEY | 83K | $493K | +16.5% | 0.170% | 0.00% |
| 14 | Bank of New York Mellon Corp | 67K | $396K | +2.7% | 0.136% | 0.00% |
| 15 | GOLDMAN SACHS GROUP INC | 60K | $355K | -15.4% | 0.122% | 0.00% |
| 16 | Connor, Clark & Lunn Investment Management Ltd. | 58K | $348K | +17.7% | 0.120% | 0.00% |
| 17 | VANGUARD PORTFOLIO MANAGEMENT LLC | 56K | $333K | +15.2% | 0.114% | 0.00% |
| 18 | VANGUARD FIDUCIARY TRUST CO | 51K | $303K | +1.2% | 0.104% | 0.00% |
| 19 | Squarepoint Ops LLC | 48K | $288K | +231.8% | 0.099% | 0.00% |
| 20 | CITADEL ADVISORS LLC | 39K | $232K | — | 0.080% | 0.00% |
| 21 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 34K | $200K | +55.6% | 0.069% | 0.00% |
| 22 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 28K | $166K | -15.8% | 0.057% | 0.00% |
| 23 | PANAGORA ASSET MANAGEMENT INC | 27K | $161K | — | 0.055% | 0.00% |
| 24 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 25K | $151K | +0.3% | 0.052% | 0.00% |
| 25 | Byrne Asset Management LLC | 24K | $143K | — | 0.049% | 0.08% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in NL — a direct measure of their conviction.
Filings activity in NL during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new NL position in Q2 2026
Institutions that fully closed their NL position in Q2 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 82 | +5.1% | 11.46% | +0.44 pp | $33M | +6.3% |
| Q1 2026 | 78 | +11% | 11.02% | 0.07 pp | $31M | +5.6% |
| Q4 2025 | 70 | +1.4% | 11.09% | 0.09 pp | $29M | 11% |
| Q3 2025 | 69 | 5.5% | 11.18% | 0.17 pp | $33M | 3.6% |
| Q2 2025 | 73 | +7.4% | 11.35% | 0.13 pp | $34M | 20% |
| Q1 2025 | 68 | +4.6% | 11.48% | +0.29 pp | $43M | +4.6% |
| Q4 2024 | 65 | 1.5% | 11.19% | +0.30 pp | $41M | +6.9% |
| Q3 2024 | 66 | — | 10.89% | — | $39M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying NL stock.
Based on Q2 2026 13F filings, institutional ownership of NLI Holdings, Inc. stands at 11.5%, held across 82 reporting institutions.
DIMENSIONAL FUND ADVISORS LP is the largest reported institutional holder of NL, with approximately 2,058,135 shares worth $0.01B as of Q2 2026.
Yes — 4 widely-followed marquee investors appear among the top 25 institutional holders of NL, including MILLENNIUM MANAGEMENT LLC, RENAISSANCE TECHNOLOGIES LLC, CITADEL ADVISORS LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for NL is 70 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
14 institutions opened new positions in NL during Q2 2026, while 9 fully exited. 49 added to existing positions and 16 trimmed.
NL institutional ownership rose by 0.44 percentage points quarter-over-quarter, with a net change of +4 holders.
The top 10 institutions account for 82.0% of all reported 13F value in NL, and the top 25 account for 96.0%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
NLI Holdings, Inc. (NL) Institutional Ownership