NAII · Natural Alternatives International Inc · Holdings

$1.19 +0.03 (+2.59%) At close · Oct 21

Market Cap

$25.65M

22.11M

Volume · Oct 21 1973 Avg daily vol (3M) 41.98K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of NAII: 13F, 13D and 13G, insiders and funds →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 23

Total Value: $5,440,684

Total Shares: 2,276,442

Institutional Ownership Trend

26 quarters

Holder Concentration

Across 23 13F filers · Δ vs Mar 31, 2026

Top Holder

21.9%

−0.9 pts

Top 5

75.2%

−2.7 pts

Top 10

94.4%

−2.2 pts

HHI

1,310

Broadly held−95

Who Holds NAII

Last 8 quarters through Jun 30, 2026

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026: 23 filers, like-for-like change +3.9%; actively managed books +3.4%; index-like books +5.4%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	83.0%	13	+0.4%	0	0
Bank	0.6%	3	-0.9%	0	0
Non-US	0.0%	1	0.0%	0	0
Holding company	13.5%	1	+14.7%	0	0
Adviser	0.0%	0	—	0	0
Unknown	2.9%	5	+136.2%	2	1

Style	Share	Filers	Change	New	Exited
Index-like	26.4%	5	+5.4%	0	0
Systematic-like	3.4%	2	+73.5%	0	0
Concentrated	12.9%	1	-0.1%	0	1
Diversified active	57.3%	15	+1.7%	2	0
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	68.3%	12	+2.9%	0	1
Medium turnover	16.0%	4	-7.4%	0	0
High turnover	5.1%	4	+157.2%	2	0
Unknown	10.6%	3	0.0%	0	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	10.6%	3	0.0%	0	0
Medium horizon	14.0%	3	-0.1%	0	0
Long horizon	74.7%	16	+4.2%	1	1
Unknown	0.8%	1	new	1	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	35.2%	3	-0.1%	0	1
$1B to $10B	2.8%	3	-16.9%	0	0
$10B to $100B	16.4%	6	+10.6%	1	0
$100B or more	45.6%	11	+6.5%	1	0
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	24.3%	3	+6.1%	0	0
Pooled investment vehicles	15.6%	3	+5.4%	0	0
Registered funds and BDCs	29.7%	5	-5.8%	0	0
Diversified	0.4%	1	0.0%	0	0
Unknown	29.9%	11	+12.8%	2	1

Private funds	Share	Filers	Change	New	Exited
Hedge funds	28.4%	3	+2.8%	0	0
Other private funds	17.5%	2	-7.6%	0	0
No private funds	37.1%	8	+2.8%	0	0
Unknown	17.0%	10	+25.0%	2	1

Location	Share	Filers	Change	New	Exited
United States	99.9%	21	+3.9%	2	1
Outside the US	0.1%	2	+3394.4%	0	0

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Conviction and Crowding

23 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

0.000% of filers hold it in their top 10

Mar 31, 2026: 0

Holders above 5%

median weight 0.000%

Mar 31, 2026: 0

Crowding

17.3%

of shares outstanding, 51st percentile

Mar 31, 2026: 17.2%

Private-fund advisers

16.6%

of shares outstanding

Institutional ownership

36.3%

39.9% of the estimated free float

Top 10 holders

94.4%

of 13F shares, Herfindahl 0.131

Active holders

+3.4%

like-for-like share change of active filers

5% stakes on record

0 13D, 2 13G (2 institutional, 0 passive, 0 exempt)

How long holders have held it value-weighted 17.1 quarters

Under 1 year 16.7% 1 to 3 years 12.9% 3 years or more 70.4% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$4.62

estimated per share

Mar 31, 2026: $6.14

Quarter-end price

$2.39

implied by 13F values

Estimated gain or loss

-48.3%

price against the estimated cost

Estimated at a loss

100.0%

of costed 13F value

Estimated cost covers 7.19% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Shareholder Targets

13F filers that own its peers but not NAII, quarter ended Jun 30, 2026

NAII has no holder-overlap peers, so these filers hold the largest Consumer Defensive stocks: WMT, COST, KO, PG, PM, PEP, MO, MDLZ, MNST, CL, TGT, KDP, SYY, KMB, KVUE, ADM, KR, KHC. 5,892 filers in all.

#	Filer	In peers	Of book	Largest peers
1	BlackRock, Inc. Holding company, Index-like	$217,152,843,282 18 held	3.32%	WMT, COST, PG
2	VANGUARD PORTFOLIO MANAGEMENT LLC Registered adviser, Diversified active	$71,890,089,904 18 held	3.23%	WMT, COST, PG
3	Invesco Ltd. Adviser, Diversified active	$55,331,551,080 18 held	4.39%	WMT, COST, PEP
4	FMR LLC Holding company, Diversified active	$49,928,980,168 18 held	2.21%	KO, PM, COST
5	JPMORGAN CHASE & CO Bank, Diversified active	$46,399,216,156 18 held	2.82%	WMT, PM, KO
6	Berkshire Hathaway Inc Insurer, Concentrated	$42,365,164,398 3 held	14.2%	KO, KHC, KR
7	CHARLES SCHWAB INVESTMENT MANAGEMENT INC Registered adviser, Diversified active	$39,108,093,568 18 held	5.24%	PG, KO, PEP
8	Capital World Investors Adviser, Diversified active	$37,214,800,962 10 held	4.41%	PM, KDP, PG
9	BANK OF AMERICA CORP /DE/ Bank, Diversified active	$34,669,985,120 18 held	2.67%	WMT, COST, PG
10	NORGES BANK Non-US, Index-like	$31,126,207,436 16 held	3.09%	WMT, COST, PG

Fund Ownership of NAII by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 1.15% of shares outstanding.

Fund type	Of shares outstanding	Change	Shares	Funds
Index funds	0.20%	+0.04 pp	43,776	4
Index ETFs	0.95%	0.00 pp	210,880	2
Active ETFs	0.22%	-0.06 pp	47,871	4
Active funds	1.41%	-0.10 pp	310,983	10
Unclassified	0.00%	0.00 pp	0	0
All registered funds	2.77%	-0.11 pp	613,510	20

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: +1

Institutional value: -5.6%

Shares held: +3.9%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mega MORGAN STANLEY	+39,380	307,630
Large Integrated Wealth Concepts LLC	+32,093	44,093
Mega CITADEL ADVISORS LLC	+32,038	75,746
Mega ROYAL BANK OF CANADA	+1,222	1,253
Mid Tower Research Capital LLC (TRC)	+918	2,028

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Mega DIMENSIONAL FUND ADVISORS LP	−18,950	335,789
Large RENAISSANCE TECHNOLOGIES LLC	−13,899	277,457
Mid BRIDGEWAY CAPITAL MANAGEMENT, LLC	−13,821	61,495
Mega GEODE CAPITAL MANAGEMENT, LLC	−8,694	43,711
Mega CITIGROUP INC	−1,342	649

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)	Open
Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP	19,915	$47,596
Large HRT FINANCIAL LP	17,596	$42,054

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)	Open
Small GILL CAPITAL PARTNERS, LLC	7	$18

Filter: New 2 Increased 5 Reduced 7 Sold out 1 Unchanged 9

Holder type: Registered adviser 13 Bank 3 Non-US 1 Holding company 1 Unknown 5

Showing 23 of 23

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

CALDWELL SUTTER CAPITAL, INC.

$1,190,745

21.89%

498,220

DIMENSIONAL FUND ADVISORS LP

$802,535

14.75%

335,789

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Dimensional Ireland Ltd	4,200	$10,038	1.3%	Defined
Held directly	331,589	$792,497	98.7%	Sole

MORGAN STANLEY

$735,235

13.51%

307,630

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY SMITH BARNEY LLC	307,630	$735,235	100.0%	Defined

Mink Brook Asset Management LLC

$701,338

12.89%

293,447

RENAISSANCE TECHNOLOGIES LLC

$663,122

12.19%

277,457

VANGUARD CAPITAL MANAGEMENT LLC

$504,003

9.26%

210,880

CITADEL ADVISORS LLC

$181,032

3.33%

75,746

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	75,746	$181,032	100.0%	Defined

BRIDGEWAY CAPITAL MANAGEMENT, LLC

$146,973

2.70%

61,495

Integrated Wealth Concepts LLC

$105,382

1.94%

44,093

GEODE CAPITAL MANAGEMENT, LLC

$104,468

1.92%

43,711

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GEODE CAPITAL MANAGEMENT TRUST COMPANY, LLC	8,635	$20,637	19.8%	Defined
Held directly	35,076	$83,831	80.2%	Defined

VANGUARD FIDUCIARY TRUST CO

$64,757

1.19%

27,095

Empowered Funds, LLC

$59,525

1.09%

24,906

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Bridgeway Capital Management, LLC	24,906	$59,525	100.0%	Other

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$47,596

0.87%

19,915

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
G1 EXECUTION SERVICES, LLC	19,915	$47,596	100.0%	Other

HRT FINANCIAL LP

$42,054

0.77%

17,596

STATE STREET CORP

$27,874

0.51%

11,663

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STATE STREET GLOBAL ADVISORS TRUST COMPANY	11,663	$27,874	100.0%	Defined

JAMES INVESTMENT RESEARCH, INC.

$23,952

0.44%

10,022

NewEdge Advisors, LLC

$23,952

0.44%

10,022

Vanguard Global Advisers, LLC

$6,737

0.12%

2,819

Tower Research Capital LLC (TRC)

$4,846

0.09%

2,028

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Latour Trading LLC (Latour)	2,028	$4,846	100.0%	Defined

ROYAL BANK OF CANADA

$2,994

0.06%

1,253

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	1,253	$2,994	100.0%	Defined

CITIGROUP INC

$1,551

0.03%

649

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	649	$1,551	100.0%	Defined

SBI Securities Co., Ltd.

$11

0.00%

HUNTINGTON NATIONAL BANK

0.00%

Key facts CIK 787253 CUSIP 638842302 13F (30d) 1 filings 1 filers Visit website Investor relations