Vanguard Portfolio Management LLC filed an amended beneficial ownership statement with the SEC on October 30, 2026, disclosing a 9.78% stake in National Health Investors Inc (NYSE:NHI) as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Vanguard Portfolio Management reported holding 4,804,502 shares of National Health Investors common stock.
  • Percent of class: The reported holdings represent 9.78% of the outstanding common stock of National Health Investors Inc.
  • Sole voting power: Vanguard Portfolio Management holds sole voting power over 20,148 shares, with shared voting power of zero.
  • Sole dispositive power: The filing reports sole dispositive power over all 4,804,502 shares, with shared dispositive power of zero.
  • Triggering event date: The date of the event requiring this amended filing was September 30, 2026.
  • Affiliated entities included: The filing covers securities beneficially owned by Vanguard Portfolio Management LLC together with Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC.

Vanguard Portfolio Management's Disclosed Position in National Health Investors

According to the filing, Vanguard Portfolio Management LLC, organized in Pennsylvania and headquartered at 100 Vanguard Blvd, Malvern, PA 19355, submitted Amendment No. 1 to its Schedule 13G reporting beneficial ownership of common stock in National Health Investors Inc (NYSE:NHI), a real estate investment trust headquartered at 222 Robert Rose Drive, Murfreesboro, TN 37129. The amendment was triggered by an ownership event dated September 30, 2026, and was signed on October 30, 2026 by My Trieu-Gatt, identified in the filing as Authorized Signatory, Head of Global Fund Administration.

The filing discloses that Vanguard Portfolio Management LLC, classified as an investment adviser, beneficially owns 4,804,502 shares of National Health Investors common stock (CUSIP 63633D104), representing 9.78% of the class. The reporting person holds sole dispositive power over all 4,804,502 shares but sole voting power over only 20,148 shares, with no shared voting or dispositive power reported. The filing states that the securities include shares held by Vanguard funds, or sleeves thereof, over which Vanguard Portfolio Management LLC exercises dispositive power, as well as securities held by clients over which affiliated entities exercise dispositive and/or voting power. The filing further notes that investment companies registered under the Investment Company Act of 1940 and other managed accounts have the right to receive dividends or proceeds from the sale of the reported securities, and that no single other person's interest exceeds 5%.

The filing certifies, as required, that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

What Was Disclosed

Vanguard Portfolio Management LLC filed an amended beneficial ownership report covering 4,804,502 shares, or 9.78%, of National Health Investors Inc common stock as of September 30, 2026, with sole dispositive power over the entire position and sole voting power over 20,148 shares.