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National Bankshares Inc

NKSH
Exchange
Nasdaq
Industry
National Commercial Banks
SEC CIK
0000796534

No open-market purchases or sales by National Bankshares Inc insiders were filed in the last 90 days; 96 institutions reported holding it in 13F filings for Q2 2026, worth $83.4M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in National Bankshares Inc as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
81
−4 vs. Q3 2025
Shares held
2.29M
+78.6K (+3.6%) vs. Q3 2025
Total value
$76.8M
+$11.7M (+17.9%) vs. Q3 2025
New holders
4
26 more added
Sold out
8
28 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NKSH on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 81 institutions
Q1 2021: 58 institutionsQ2 2021: 52 institutionsQ3 2021: 55 institutionsQ4 2021: 53 institutionsQ1 2022: 56 institutionsQ2 2022: 52 institutionsQ3 2022: 52 institutionsQ4 2022: 59 institutionsQ1 2023: 60 institutionsQ2 2023: 62 institutionsQ3 2023: 61 institutionsQ4 2023: 65 institutionsQ1 2024: 65 institutionsQ2 2024: 63 institutionsQ3 2024: 71 institutionsQ4 2024: 72 institutionsQ1 2025: 73 institutionsQ2 2025: 76 institutionsQ3 2025: 85 institutionsQ4 2025: 81 institutionsQ1 2026: 92 institutionsQ2 2026: 96 institutions
Value heldQ4 2025: $76.8M
Q1 2021: $65.2MQ2 2021: $52.6MQ3 2021: $54.6MQ4 2021: $54.3MQ1 2022: $54.9MQ2 2022: $43.7MQ3 2022: $47.5MQ4 2022: $57.1MQ1 2023: $45.5MQ2 2023: $48.7MQ3 2023: $41.3MQ4 2023: $56.8MQ1 2024: $60.0MQ2 2024: $50.5MQ3 2024: $56.9MQ4 2024: $57.9MQ1 2025: $54.8MQ2 2025: $56.0MQ3 2025: $65.1MQ4 2025: $76.8MQ1 2026: $84.9MQ2 2026: $83.4M
Institutions holding NKSH and their total value by quarter
QuarterHoldersValue
Q2 202696$83.4M
Q1 202692$84.9M
Q4 202581$76.8M
Q3 202585$65.1M
Q2 202576$56.0M
Q1 202573$54.8M
Q4 202472$57.9M
Q3 202471$56.9M
Q2 202463$50.5M
Q1 202465$60.0M
Q4 202365$56.8M
Q3 202361$41.3M
Q2 202362$48.7M
Q1 202360$45.5M
Q4 202259$57.1M
Q3 202252$47.5M
Q2 202252$43.7M
Q1 202256$54.9M
Q4 202153$54.3M
Q3 202155$54.6M
Q2 202152$52.6M
Q1 202158$65.2M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding National Bankshares Inc; share changes are against Q3 2025.

Institutions holding NKSH in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.439,125$14.7M0.00%+6,745+1.6%Added
Vanguard Group Inc338,070$11.3M0.00%+3,553+1.1%Added
Brandes Investment Partners, LP244,505$8.20M0.06%+12,698+5.5%Added
Fourthstone LLC226,138$7.58M1.42%+97,641+76.0%Added
Geode Capital Management, LLC153,310$5.14M0.00%+533+0.3%Added
Dimensional Fund Advisors LP125,956$4.22M0.00%+3,901+3.2%Added
rhino investment partners, Inc114,007$3.82M1.08%00.0%Unchanged
State Street Corp82,364$2.76M0.00%+1,364+1.7%Added
LPL Financial LLC50,636$1.70M0.00%−81−0.2%Reduced
RBF Capital, LLC50,000$1.68M0.08%00.0%Unchanged
Northern Trust Corp45,031$1.51M0.00%−3,702−7.6%Reduced
Acadian Asset Management LLC41,691$1.40M0.00%−276−0.7%Reduced
Charles Schwab Investment Management Inc27,853$933.9K0.00%+9,803+54.3%Added
Morgan Stanley25,730$862.7K0.00%+1,645+6.8%Added
Captrust Financial Advisors25,648$860.0K0.00%−844−3.2%Reduced
Renaissance Technologies LLC24,670$827.2K0.00%+200+0.8%Added
Partners in Financial Planning21,431$718.6K0.12%00.0%Unchanged
Bank of New York Mellon Corp18,613$624.1K0.00%−5,472−22.7%Reduced
Taylor Hoffman Capital Management LLC18,150$608.6K0.18%00.0%Unchanged
Goldman Sachs Group Inc14,670$491.9K0.00%−3,106−17.5%Reduced
Wells Fargo & Company11,953$400.8K0.00%+1,776+17.5%Added
Bank of America Corp11,370$381.2K0.00%+2,435+27.3%Added
Nuveen, LLC11,033$369.9K0.00%00.0%Unchanged
Barclays PLC10,425$349.6K0.00%+1,006+10.7%Added
Price T Rowe Associates Inc10,027$337.0K0.00%00.0%Unchanged
Carson Advisory Inc.10,000$335.3K0.17%00.0%Unchanged
D.A. Davidson & Co.9,945$333.5K0.00%−700−6.6%Reduced
Integrated Wealth Concepts LLC9,183$307.9K0.00%−10.0%Reduced
Kingsview Wealth Management, LLC9,091$304.8K0.00%−54−0.6%Reduced
Wealth Enhancement Advisory Services, LLC7,735$253.9K0.00%+138+1.8%Added
Private Trust Co NA7,500$251.5K0.02%00.0%Unchanged
Cerity Partners LLC7,170$240.4K0.00%−1,957−21.4%Reduced
AQR Capital Management LLC6,704$224.8K0.00%−135−2.0%Reduced
Carnegie Capital Asset Management, LLC6,555$219.8K0.00%−500−7.1%Reduced
AdviceOne Advisory Services, LLC6,516$218.5K0.13%+6,516New
Mindset Wealth Management, LLC6,464$216.7K0.06%+6,464New
Marotta Asset Management6,422$215.3K0.04%+6,422New
Geneos Wealth Management Inc.5,334$178.8K0.00%00.0%Unchanged
Rhumbline Advisers4,492$150.6K0.00%−936−17.2%Reduced
JPMorgan Chase & Co4,312$144.6K0.00%−2,181−33.6%Reduced
Royal Bank of Canada4,305$144.0K0.00%+2,916+209.9%Added
Larson Financial Group LLC4,195$140.7K0.00%+12+0.3%Added
MetLife Investment Management3,441$115.4K0.00%00.0%Unchanged
New York State Common Retirement Fund3,148$105.6K0.00%00.0%Unchanged
Aspect Partners, LLC3,104$104.1K0.05%00.0%Unchanged
Mirae Asset Global ETFs Holdings Ltd.2,897$97.1K0.00%−20−0.7%Reduced
The PNC Financial Services Group, Inc.2,820$94.6K0.00%−5−0.2%Reduced
UBS Group AG2,624$88.0K0.00%−14,760−84.9%Reduced
Bogart Wealth, LLC2,002$67.1K0.00%00.0%Unchanged
State of Wyoming1,965$65.9K0.01%+302+18.2%Added
BNP Paribas Arbitrage, SA1,419$47.6K0.00%−648−31.3%Reduced
Police & Firemen's Retirement System of New Jersey1,298$43.5K0.00%00.0%Unchanged
Nisa Investment Advisors, LLC695$23.3K0.00%00.0%Unchanged
Russell Investments Group, Ltd.645$21.6K0.00%−87−11.9%Reduced
Legal & General Group Plc563$18.9K0.00%00.0%Unchanged
Rockefeller Capital Management L.P.500$16.8K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.477$16.0K0.00%00.0%Unchanged
Comerica Bank418$14.0K0.00%+41+10.9%Added
California State Teachers Retirement System383$12.8K0.00%−35−8.4%Reduced
Tower Research Capital LLC (TRC)368$12.3K0.00%−46−11.1%Reduced
Sterling Capital Management LLC359$12.0K0.00%−71−16.5%Reduced
Farther Finance Advisors, LLC343$11.5K0.00%+250+268.8%Added
FMR LLC339$11.4K0.00%+227+202.7%Added
Citigroup Inc317$10.6K0.00%+148+87.6%Added
CWM, LLC304$10.0K0.00%−51−14.4%Reduced
Amalgamated Bank196$7.00K0.00%+1+0.5%Added
Atlantic Union Bankshares Corp200$6.71K0.00%00.0%Unchanged
Optiver Holding B.V.92$3.08K0.00%00.0%Unchanged
GAMMA Investing LLC85$2.85K0.00%−8−8.6%Reduced
Advisor Group Holdings, Inc.68$2.28K0.00%00.0%Unchanged
Harbor Capital Advisors, Inc.45$2.00K0.00%−1−2.2%Reduced
Glen Eagle Advisors, LLC50$1.68K0.00%00.0%Unchanged
Essential Partners LLC41$1.38K0.00%−39−48.8%Reduced
IFP Advisors, Inc12$4020.00%+6+100.0%Added
EverSource Wealth Advisors, LLC11$3690.00%+4+57.1%Added
Allworth Financial LP3$1010.00%+1+50.0%Added
MAI Capital Management2$680.00%+2New
SBI Securities Co., Ltd.1$340.00%−4−80.0%Reduced
True Wealth Design, LLC1$340.00%−1−50.0%Reduced
Sunbelt Securities, Inc.1$340.00%00.0%Unchanged
Covestor Ltd12$00.00%+3+33.3%Added
Citadel Advisors LLC0$00.00%−25,445−100.0%Sold out
Jane Street Group, LLC0$00.00%−7,088−100.0%Sold out
Invesco Ltd.0$00.00%−7,049−100.0%Sold out
Cascade Wealth Advisors, Inc0$00.00%−6,679−100.0%Sold out
Deutsche Bank AG0$00.00%−5,607−100.0%Sold out
Great West Life Assurance Co0$00.00%−473−100.0%Sold out
SRS Capital Advisors, Inc.0$00.00%−111−100.0%Sold out
Clearstead Advisors, LLC0$00.00%−2−100.0%Sold out