What smart money is saying about National Storage
NSA
No fund has written a full thesis on National Storage in our archive, but 1 fund letter reports a position in it — most recently TimesSquare U.S. Small Cap Growth Strategy in March 2026.
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1
Reported positions
0
Bought
1
Sold
3
Letters
Position history
Every position in National Storage on record in the archive was reported in Q1 2026, across 1 fund letter — 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q1 2026 | 1 | 0 | 1 | 0 |
Fund activity · 1 position · 1 move
- March 2026
“Within the real estate sector, National Storage Affiliates Trust is a real estate investment trust focused on the ownership, operation, and acquisition of self-storage properties. Public Storage announced the acquisition of National Storage in an all-stock transaction. We trimmed the position on the strength of its 36% stock price appreciation.”
National Storage
Also mentioned · 2
These funds discuss National Storage — as a competitor, benchmark or comparable — without disclosing a position in it.
- June 2026
“Market Overview After a challenging first quarter that saw the S&P 500 Index decline 4.3%, markets rebounded sharply in the second quarter. The S&P 500 climbed 15.2%, driven by a surge in information technology (IT) stocks, particularly semiconductor stocks, which soared 44.0%. The ClearBridge Dividend Strategy rose nicely but lagged the exuberant gains of S&P 500 mainly due to our lower technology exposure. While no one likes to trail in sharp market rallies, diversified dividend growth portfolios tend to lag in these narrow, momentum driven markets. Our research shows, however, that these periods tend to be followed by periods of broader market participation in which diversified dividend-growth portfolios shine. Semiconductor memory stocks were the standout performers. Shares of Micron, the largest producer of storage chips, skyrocketed 240%, adding over $900 billion of market cap — more than the entire market capitalization of Exxon Mobil, Johnson & Johnson or JPMorgan Chase. Our underweight to Micron and a select group of other non-dividend- paying data center plays, like Advanced Micro Devices, Intel and SanDisk, were the largest drivers of our relative underperformance. We previously owned Intel but sold it in 2024 when the company eliminated its dividend. While the market’s leading contributors were concentrated in IT, our top contributors were diffuse. Shares of CVS Health rose as earnings recovered significantly in its health insurance segment. Public Storage shares ascended as rental trends bottomed and the company announced a compelling acquisition of National Storage.”
National Storage - MentionedYackman AM AMG Yacktman FundMarch 2026
“Public Storage® announced the acquisition of the number five competitor, National Storage Affiliates, both self-storage real estate investment trusts (REITs).”
National Storage
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