Advisory Research’s National Bank Holdings NBHC Stock Holding History

Advisory Research’s Portfolio NBHC Stock Details NBHC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-318,224	Closed	-$6.18M	–	346
2014 Q4	$6.18M	Sell	318,224 -525,193	-62%	-$10.1M	0.06%	158
2014 Q3	$16.1M	Sell	843,417 -78,189	-8%	-$1.55M	0.16%	128
2014 Q2	$18.4M	Sell	921,606 -170,355	-16%	-$3.33M	0.17%	123
2014 Q1	$21.9M	Sell	1,091,961 -200,095	-15%	-$4.04M	0.23%	103
2013 Q4	$27.6M	Sell	1,292,056 -185,869	-13%	-$3.86M	0.28%	89
2013 Q3	$30.4M	Buy	1,477,925 +151,765	+11%	+$3.04M	0.33%	81
2013 Q2	$26.1M	Buy	+1,326,160	New	+$24.5M	0.3%	89

Other funds holding NBHC

Elliott Management New York $11.8B AUM 20.29% 1-Year Est. Return

DRZID

DePrince Race & Zollo Inc (DRZ) Winter Park, Florida $5.29B AUM 20.14% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

FHC

Forest Hill Capital Little Rock, Arkansas $152M AUM 64.38% 1-Year Est. Return

Carlson Capital Dallas, Texas $318M AUM 27.64% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

RFC

Russell Frank Company Seattle, Washington $56.9B AUM 2.13% 1-Year Est. Return

Advisory Research's NBHC Position: Q1 2015 in Review

Advisory Research sold out of National Bank Holdings (NBHC) in Q1 2015, closing a stake of 318,224 shares — an estimated $6.18M sold.

Advisory Research first reported a position in NBHC in Q2 2013 and held it in 7 quarters. The position peaked at $30.4M in Q3 2013. 95 funds tracked by Wall St. Rank hold NBHC as of Q1 2015.

Advisory Research reported no remaining National Bank Holdings position as of Q1 2015 after selling out during the quarter.
Advisory Research sold 318,224 National Bank Holdings shares in Q1 2015, an estimated $6.18M.
Advisory Research first reported a position in National Bank Holdings in Q2 2013 and held it in 7 quarters.
Advisory Research's National Bank Holdings position peaked at $30.4M in Q3 2013.
95 funds tracked by Wall St. Rank held National Bank Holdings as of Q1 2015.

Based on Advisory Research's 13F filing for Q1 2015, filed 15 May 2015.