Dark
Light
System
Security
NATIONAL WESTN LIFE INS CO
NATIONAL WESTN LIFE INS CO. Institutional holdings reported to the SEC.

Institutional Holders (2015Q3)
Portfolio Summary: 83 Institutional holders with a total value of $323,798,790.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 FMR LLC 211,020 46,995,000 14.51%
2 DIMENSIONAL FUND ADVISORS LP 176,346 39,272,000 12.13%
3 VANGUARD GROUP INC 142,456 31,725,000 9.80%
4 FRANKLIN RESOURCES INC 102,500 22,827,000 7.05%
5 NUANCE INVESTMENTS, LLC 70,955 15,802,000 4.88%
6 RK Asset Management, LLC 70,629 15,729,000 4.86%
7 BlackRock Institutional Trust Company, N.A. 57,340 12,770,000 3.94%
8 SCHRODER INVESTMENT MANAGEMENT GROUP 55,309 12,317,000 3.80%
9 BlackRock Fund Advisors 51,309 11,427,000 3.53%
10 SHUFRO ROSE & CO LLC 48,520 10,805,000 3.34%
11 AMERIPRISE FINANCIAL INC 46,410 10,335,000 3.19%
12 Blue Clay Capital Management, LLC 44,640 9,941,000 3.07%
13 STATE STREET CORP 35,872 7,986,000 2.47%
14 FIRST WILSHIRE SECURITIES MANAGEMENT INC 32,058 7,139,000 2.20%
15 NORTHERN TRUST CORP 21,188 4,719,000 1.46%
16 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 19,652 4,377,000 1.35%
17 GEODE CAPITAL MANAGEMENT, LLC 15,519 3,456,000 1.07%
18 ROYCE & ASSOCIATES LP 13,133 2,925,000 0.90%
19 Bank of New York Mellon Corp 12,190 2,715,000 0.84%
20 Adirondack Research & Management Inc. 11,796 2,627,000 0.81%
21 ADIRONDACK FUNDS 11,796 2,627,000 0.81%
22 PRUDENTIAL FINANCIAL INC 11,607 2,585,000 0.80%
23 BRIDGEWAY CAPITAL MANAGEMENT, LLC 10,964 2,442,000 0.75%
24 Boston Partners 10,165 2,264,000 0.70%
25 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 8,421 1,876,000 0.58%
26 BlackRock Investment Management, LLC 8,266 1,841,000 0.57%
27 TIAA CREF INVESTMENT MANAGEMENT LLC 8,147 1,814,000 0.56%
28 MORGAN STANLEY 8,131 1,811,000 0.56%
29 WHITEBOX ADVISORS LLC 8,118 1,808,000 0.56%
30 RUSSELL FRANK CO/ 8,075 1,798,000 0.56%
31 PARAMETRIC PORTFOLIO ASSOCIATES LLC 7,943 1,769,000 0.55%
32 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 6,049 1,347,000 0.42%
33 Aviance Capital Partners, LLC 5,445 1,213,000 0.37%
34 RENAISSANCE TECHNOLOGIES LLC 5,000 1,114,000 0.34%
35 LSV ASSET MANAGEMENT 4,700 1,046,000 0.32%
36 ROYAL BANK OF CANADA 4,442 989,000 0.31%
37 Aperio Group, LLC 4,291 956,000 0.30%
38 DEUTSCHE BANK AG\ 4,084 909,000 0.28%
39 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 4,075 908,000 0.28%
40 LOS ANGELES CAPITAL MANAGEMENT LLC 3,962 882,000 0.27%
41 MENTA CAPITAL LLC 3,951 880,000 0.27%
42 Brandywine Global Investment Management, LLC 3,821 851,000 0.26%
43 PNC FINANCIAL SERVICES GROUP, INC. 3,776 841,000 0.26%
44 WESTPAC BANKING CORP 3,765 838,466 0.26%
45 BRANDES INVESTMENT PARTNERS, LP 3,613 805,000 0.25%
46 TEACHERS ADVISORS, LLC 3,326 741,000 0.23%
47 Invesco Ltd. 3,195 712,000 0.22%
48 ACADIAN ASSET MANAGEMENT LLC 3,097 689,000 0.21%
49 ALLIANCEBERNSTEIN L.P. 2,930 653,000 0.20%
50 SPECTRUM ADVISORY SERVICES INC 2,905 647,000 0.20%
Page 1 of 2

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.