National Bankshares
NKSH
81 hedge funds and large institutions have $76.8M invested in National Bankshares in 2025 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 26 increasing their positions, 28 reducing their positions, and 8 closing their positions.
18% more capital invested
Capital invested by funds: $65.1M → $76.8M (+$11.7M)
1.23% more ownership
Funds ownership: 34.73% → 35.97% (+1.2%)
0% more call options, than puts
Call options by funds: $3.27M | Put options by funds: $3.27M
7% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 28
5% less funds holding
Funds holding: 85 → 81 (-4)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$2.96M |
| 2 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$385K |
| 3 |
Charles Schwab
San Francisco,
California
|
+$297K |
| 4 |
BlackRock
New York
|
+$204K |
| 5 |
AAS
AdviceOne Advisory Services
Glastonbury,
Connecticut
|
+$197K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$749K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$447K |
| 3 |
Jane Street
New York
|
-$209K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$208K |
| 5 |
CWA
Cascade Wealth Advisors
Wenatchee,
Washington
|
-$200K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
76
Allworth Financial
Folsom,
California
| $101 | +$30 | +1 | +50% |
|
|
MCM
77
MAI Capital Management
Independence,
Ohio
| $68 | +$61 | +2 | New |
|
|
SS
78
SBI Securities
Tokyo,
Japan
| $34 | -$121 | -4 | -80% |
|
|
TWD
79
True Wealth Design
Akron,
Ohio
| $34 | -$30 | -1 | -50% |
|
|
SS
80
Sunbelt Securities
Houston,
Texas
| $34 | – | – | – |
|
|
81
Citadel Advisors
Miami,
Florida
| – | -$749K | -25,445 | Closed |
|
|
82
Jane Street
New York
| – | -$209K | -7,088 | Closed |
|
|
83
Invesco
Atlanta,
Georgia
| – | -$208K | -7,049 | Closed |
|
|
CWA
84
Cascade Wealth Advisors
Wenatchee,
Washington
| – | -$200K | -6,679 | Closed |
|
85
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$165K | -5,607 | Closed |
|
86
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$14K | -473 | Closed |
|
|
AAP
87
Arax Advisory Partners
Denver,
Colorado
| – | -$3.27K | -111 | Closed |
|
|
CA
88
Clearstead Advisors
Cleveland,
Ohio
| – | -$59 | -2 | Closed |
|
|
C
89
Covestor
London,
United Kingdom
| – | +$91 | +3 | +33% |
|
NKSH Hedge Fund Activity: Q4 2025 in Review
81 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in National Bankshares (NKSH) for Q4 2025, worth a combined $76.8M — up 18% from $65.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NKSH and 4 opened new positions — a net loss of 4 holders — while 28 trimmed existing stakes and 26 added.
The largest buyer was Fourthstone LLC, adding an estimated $2.96M. The largest seller was Citadel Advisors, exiting entirely with an estimated $749K sold.
- 81 institutional investors held National Bankshares (NKSH) as of Q4 2025, down from 85 in Q3 2025.
- Funds reported $76.8M of National Bankshares stock for Q4 2025, up 18% quarter-over-quarter.
- 4 funds opened new National Bankshares positions in Q4 2025 and 8 closed out, a net change of -4 holders.
- The largest National Bankshares buyer in Q4 2025 was Fourthstone LLC, an estimated $2.96M added.
- The largest National Bankshares seller in Q4 2025 was Citadel Advisors, an estimated $749K sold.
Based on aggregated 13F filings for Q4 2025.