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National Bank Holdings
NBHC

122 hedge funds and large institutions have $837M invested in National Bank Holdings in 2017 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 47 increasing their positions, 44 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

7% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 44

0.4% less ownership

Funds ownership: 95.93% → 95.53% (-0.4%)

5% less funds holding

Funds holding: 129 → 122 (-7)

9% less capital invested

Capital invested by funds: $917M → $837M (-$80.2M)

35% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 17

Holders
122
Holders Change
-7
Holders Change %
-5.43%
% of All Funds
2.77%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
11
Increased
47
Reduced
44
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$13.2M
2
Russell Investments Group
Russell Investments Group
United Kingdom
+$10.9M
3
ACB
Aristotle Capital Boston
Massachusetts
+$5.53M
4
State Street
State Street
Massachusetts
+$4.03M
5
Brown Advisory
Brown Advisory
Maryland
+$3.73M

Top Sellers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
-$9.7M
2
BFC
Banc Funds Company
Illinois
-$7.17M
3
ACG
Anchorage Capital Group
New York
-$6.76M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$4M
5
Bank of New York Mellon
Bank of New York Mellon
New York
-$2.94M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$6.66M -$530K -15,904 -7%
Charles Schwab
27
Charles Schwab
California
$5.91M +$71.3K +2,140 +1%
Federated Hermes
28
Federated Hermes
Pennsylvania
$4.85M +$5.73K +172 +0.1%
TA
29
Teachers Advisors
New York
$4.53M +$7.46K +224 +0.2%
Jacobs Levy Equity Management
30
Jacobs Levy Equity Management
New Jersey
$4.51M -$333K -10,010 -7%
SEI Investments
31
SEI Investments
Pennsylvania
$4.04M +$2.22M +66,663 +115%
SO
32
STRS Ohio
Ohio
$4.04M +$3.33M +100,000 +405%
AQR Capital Management
33
AQR Capital Management
Connecticut
$3.38M -$390K -11,705 -10%
GC
34
Guggenheim Capital
Illinois
$3.15M +$1.63M +48,860 +101%
Goldman Sachs
35
Goldman Sachs
New York
$3.12M +$215K +6,464 +7%
DRZID
36
DePrince Race & Zollo Inc (DRZ)
Florida
$2.86M +$1.66M +49,985 +131%
JP Morgan Chase
37
JP Morgan Chase
New York
$2.85M +$910K +27,328 +45%
PPA
38
Parametric Portfolio Associates
Washington
$2.8M -$1.76M -52,769 -38%
Morgan Stanley
39
Morgan Stanley
New York
$2.75M +$965K +28,979 +52%
BCM
40
BHZ Capital Management
California
$2.66M -$405K -12,177 -13%
Bank of America
41
Bank of America
North Carolina
$2.49M -$1.03M -30,791 -29%
Prudential Financial
42
Prudential Financial
New Jersey
$2.4M -$687K -20,640 -22%
BGIM
43
Brandywine Global Investment Management
Pennsylvania
$2.28M -$340K -10,215 -13%
RhumbLine Advisers
44
RhumbLine Advisers
Massachusetts
$2.1M +$298K +8,963 +16%
Deutsche Bank
45
Deutsche Bank
Germany
$1.91M +$1.09M +32,599 +124%
Legal & General Group
46
Legal & General Group
United Kingdom
$1.56M +$14.3K +430 +0.9%
Swiss National Bank
47
Swiss National Bank
Switzerland
$1.54M +$127K +3,800 +9%
KCM
48
Kennedy Capital Management
Missouri
$1.46M +$1.5M +45,131 New
ASRS
49
Arizona State Retirement System
Arizona
$1.46M +$1.03M +31,003 +223%
PAM
50
Panagora Asset Management
Massachusetts
$1.28M -$20.3K -610 -2%
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NBHC Hedge Fund Activity: Q4 2017 in Review

122 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in National Bank Holdings (NBHC) for Q4 2017, worth a combined $837M — down 8.7% from $917M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of NBHC and 11 opened new positions — a net loss of 6 holders — while 44 trimmed existing stakes and 47 added.

The largest buyer was Millennium Management, adding an estimated $13.2M. The largest seller was Vanguard Group, cutting an estimated $9.7M.

  • 122 institutional investors held National Bank Holdings (NBHC) as of Q4 2017, down from 129 in Q3 2017.
  • Funds reported $837M of National Bank Holdings stock for Q4 2017, down 8.7% quarter-over-quarter.
  • 11 funds opened new National Bank Holdings positions in Q4 2017 and 17 closed out, a net change of -6 holders.
  • The largest National Bank Holdings buyer in Q4 2017 was Millennium Management, an estimated $13.2M added.
  • The largest National Bank Holdings seller in Q4 2017 was Vanguard Group, an estimated $9.7M sold.

Based on aggregated 13F filings for Q4 2017.