Elliott Management’s National Bank Holdings NBHC Stock Holding History

Elliott Management’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
2016 Q3	–	Sell	-2,402,835	Closed	-$48.9M	–	84
2016 Q2	$48.9M	Sell	2,402,835 -400,000	-14%	-$8.15M	0.42%	44
2016 Q1	$57.1M	Sell	2,802,835 -300,000	-10%	-$5.93M	0.6%	36
2015 Q4	$66.3M	Hold	3,102,835	–	–	0.8%	29
2015 Q3	$63.7M	Sell	3,102,835 -257,601	-8%	-$5.33M	1.22%	20
2015 Q2	$70M	Sell	3,360,436 -250,000	-7%	-$4.86M	0.98%	21
2015 Q1	$67.9M	Hold	3,610,436	–	–	0.83%	21
2014 Q4	$70.1M	Hold	3,610,436	–	–	0.73%	27
2014 Q3	$69M	Hold	3,610,436	–	–	0.79%	26
2014 Q2	$72M	Hold	3,610,436	–	–	1.01%	21
2014 Q1	$72.5M	Hold	3,610,436	–	–	1.42%	11
2013 Q4	$77.3M	Sell	3,610,436 -202,064	-5%	-$4.2M	1.75%	11
2013 Q3	$78.1M	Hold	3,812,500	–	–	1.44%	14
2013 Q2	$74.1M	Buy	+3,812,500	New	+$70.3M	1.43%	13

Other funds holding NBHC

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

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

EJF Capital Arlington, Virginia $142M AUM 23.3% 1-Year Est. Return

DRZID

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

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

BlackRock Group London, United Kingdom $210B AUM 15.5% 1-Year Est. Return

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

Boston Partners Boston, Massachusetts $95.5B AUM 28.4% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Elliott Management's NBHC Position: Q3 2016 in Review

Elliott Management sold out of National Bank Holdings (NBHC) in Q3 2016, closing a stake of 2,402,835 shares — an estimated $48.9M sold.

Elliott Management first reported a position in NBHC in Q2 2013 and held it in 13 quarters. The position peaked at $78.1M in Q3 2013. 114 funds tracked by Wall St. Rank hold NBHC as of Q3 2016.

Elliott Management reported no remaining National Bank Holdings position as of Q3 2016 after selling out during the quarter.
Elliott Management sold 2,402,835 National Bank Holdings shares in Q3 2016, an estimated $48.9M.
Elliott Management first reported a position in National Bank Holdings in Q2 2013 and held it in 13 quarters.
Elliott Management's National Bank Holdings position peaked at $78.1M in Q3 2013.
114 funds tracked by Wall St. Rank held National Bank Holdings as of Q3 2016.

Based on Elliott Management's 13F filing for Q3 2016, filed 14 Nov 2016.