Castine Capital Management’s Bank of N.T. Butterfield & Son NTB Stock Holding History

Castine Capital Management’s Portfolio NTB Stock Details NTB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-325,070	Closed	-$16.9M	–	45
2018 Q3	$16.9M	Buy	325,070 +16,402	+5%	+$827K	5.01%	2
2018 Q2	$14.1M	Buy	308,668 +5,668	+2%	+$268K	4.39%	4
2018 Q1	$13.6M	Sell	303,000 -50,412	-14%	-$2.15M	4.42%	6
2017 Q4	$12.8M	Buy	353,412 +8,412	+2%	+$313K	4.36%	5
2017 Q3	$12.6M	Buy	345,000 +53,695	+18%	+$1.83M	4.67%	5
2017 Q2	$9.93M	Buy	291,305 +31,305	+12%	+$1.04M	4.47%	5
2017 Q1	$8.3M	Buy	+260,000	New	+$8.47M	3.42%	10

Other funds holding NTB

DSA

Davis Selected Advisers Tucson, Arizona $23.3B AUM 26.95% 1-Year Est. Return

Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $580B AUM 38.23% 1-Year Est. Return

Rovida Advisors Fort Lauderdale, Florida $116M AUM 12.52% 1-Year Est. Return

SCA

Southpoint Capital Advisors New York $4.4B AUM 49.36% 1-Year Est. Return

NIMC

NWQ Investment Management Company Los Angeles, California $2.22B AUM 6.84% 1-Year Est. Return

VNIM

Vaughan Nelson Investment Management Houston, Texas $11.3B AUM 53% 1-Year Est. Return

Hotchkis & Wiley Capital Management Los Angeles, California $34.3B AUM 22.63% 1-Year Est. Return

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

Castine Capital Management's NTB Position: Q4 2018 in Review

Castine Capital Management sold out of Bank of N.T. Butterfield & Son (NTB) in Q4 2018, closing a stake of 325,070 shares — an estimated $16.9M sold.

Castine Capital Management first reported a position in NTB in Q1 2017 and held it in 7 quarters. The position peaked at $16.9M in Q3 2018. 161 funds tracked by Wall St. Rank hold NTB as of Q4 2018.

Castine Capital Management reported no remaining Bank of N.T. Butterfield & Son position as of Q4 2018 after selling out during the quarter.
Castine Capital Management sold 325,070 Bank of N.T. Butterfield & Son shares in Q4 2018, an estimated $16.9M.
Castine Capital Management first reported a position in Bank of N.T. Butterfield & Son in Q1 2017 and held it in 7 quarters.
Castine Capital Management's Bank of N.T. Butterfield & Son position peaked at $16.9M in Q3 2018.
161 funds tracked by Wall St. Rank held Bank of N.T. Butterfield & Son as of Q4 2018.

Based on Castine Capital Management's 13F filing for Q4 2018, filed 13 Feb 2019.