National Bank Holdings
NBHC
224 hedge funds and large institutions have $1.83B invested in National Bank Holdings in 2026 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 71 increasing their positions, 84 reducing their positions, and 22 closing their positions.
257% more call options, than puts
Call options by funds: $15.4M | Put options by funds: $4.33M
59% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 22
13% more capital invested
Capital invested by funds: $1.62B → $1.83B (+$213M)
4% more funds holding
Funds holding: 216 → 224 (+8)
0.27% more ownership
Funds ownership: 91.78% → 92.05% (+0.27%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
15% less repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 84
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$41.5M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$8.61M |
| 3 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$6.49M |
| 4 |
BHCM
Brevan Howard Capital Management
St. Helier,
Jersey
|
+$6.34M |
| 5 |
Vanguard Portfolio Management
Malvern,
Pennsylvania
|
+$6.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$39.8M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$19.6M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$18.8M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$8.37M |
| 5 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$6.7M |
NBHC Hedge Fund Activity: Q2 2026 in Review
224 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in National Bank Holdings (NBHC) for Q2 2026, worth a combined $1.83B — up 13% from $1.62B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new NBHC positions and 22 closed out — a net gain of 13 holders — while 71 added to existing stakes and 84 trimmed.
The largest buyer was BlackRock, adding an estimated $41.5M. The largest seller was Wellington Management Group, cutting an estimated $39.8M.
- 224 institutional investors held National Bank Holdings (NBHC) as of Q2 2026, up from 216 in Q1 2026.
- Funds reported $1.83B of National Bank Holdings stock for Q2 2026, up 13% quarter-over-quarter.
- 35 funds opened new National Bank Holdings positions in Q2 2026 and 22 closed out, a net change of +13 holders.
- The largest National Bank Holdings buyer in Q2 2026 was BlackRock, an estimated $41.5M added.
- The largest National Bank Holdings seller in Q2 2026 was Wellington Management Group, an estimated $39.8M sold.
Based on aggregated 13F filings for Q2 2026.