National Bank Holdings
NBHC
179 hedge funds and large institutions have $1.41B invested in National Bank Holdings in 2025 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 57 increasing their positions, 70 reducing their positions, and 13 closing their positions.
92% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 13
7% more funds holding
Funds holding: 167 → 179 (+12)
0.55% less ownership
Funds ownership: 97.54% → 96.98% (-0.55%)
12% less capital invested
Capital invested by funds: $1.6B → $1.41B (-$184M)
19% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 70
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$15.7M |
| 2 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$14M |
| 3 |
Millennium Management
New York
|
+$7.92M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$6.82M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$3.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$29.2M |
| 2 |
Bank of New York Mellon
New York
|
-$8.92M |
| 3 |
ACB
Aristotle Capital Boston
Boston,
Massachusetts
|
-$7.66M |
| 4 |
State Street
Boston,
Massachusetts
|
-$7.61M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
-$5.27M |
NBHC Hedge Fund Activity: Q1 2025 in Review
179 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in National Bank Holdings (NBHC) for Q1 2025, worth a combined $1.41B — down 12% from $1.6B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new NBHC positions and 13 closed out — a net gain of 12 holders — while 57 added to existing stakes and 70 trimmed.
The largest buyer was First Trust Advisors, adding an estimated $15.7M. The largest seller was DePrince Race & Zollo Inc (DRZ), cutting an estimated $29.2M.
- 179 institutional investors held National Bank Holdings (NBHC) as of Q1 2025, up from 167 in Q4 2024.
- Funds reported $1.41B of National Bank Holdings stock for Q1 2025, down 12% quarter-over-quarter.
- 25 funds opened new National Bank Holdings positions in Q1 2025 and 13 closed out, a net change of +12 holders.
- The largest National Bank Holdings buyer in Q1 2025 was First Trust Advisors, an estimated $15.7M added.
- The largest National Bank Holdings seller in Q1 2025 was DePrince Race & Zollo Inc (DRZ), an estimated $29.2M sold.
Based on aggregated 13F filings for Q1 2025.