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National Bank Holdings

93 hedge funds and large institutions have $840M invested in National Bank Holdings in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 37 increasing their positions, 34 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more funds holding in top 10

Funds holding in top 10: 35 (+2)

1.38% more ownership

Funds ownership: 99.52%100.9% (+1.4%)

9% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 34

7% less capital invested

Capital invested by funds: $900M → $840M (-$59.5M)

9% less funds holding

Funds holding: 10293 (-9)

42% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 19

Holders
93
Holders Change
-9
Holders Change %
-8.82%
% of All Funds
2.69%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.14%
New
11
Increased
37
Reduced
34
Closed
19
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Citadel Advisors
51
Citadel Advisors
Florida
$1.8M -$326K -16,150 -15%
AllianceBernstein
52
AllianceBernstein
Tennessee
$1.76M -$36.3K -1,800 -2%
HAI
53
Hennessy Advisors Inc
California
$1.71M -$907K -45,000 -35%
California State Teachers Retirement System (CalSTRS)
54
California State Teachers Retirement System (CalSTRS)
California
$1.66M +$8.07K +400 +0.5%
MAA
55
Managed Account Advisors
New Jersey
$1.45M +$95.5K +4,734 +7%
TA
56
Teachers Advisors
New York
$1.41M +$47.2K +2,340 +3%
RhumbLine Advisers
57
RhumbLine Advisers
Massachusetts
$1.24M -$79.5K -3,940 -6%
IGIM
58
I.G. Investment Management
Manitoba, Canada
$1.14M +$60.6K +3,006 +6%
SCP
59
Seizert Capital Partners
Michigan
$1.13M +$93.6K +4,640 +9%
Renaissance Technologies
60
Renaissance Technologies
New York
$979K +$984K +48,802 New
Millennium Management
61
Millennium Management
New York
$978K +$148K +7,353 +18%
SO
62
STRS Ohio
Ohio
$925K -$32.3K -1,600 -3%
ProShare Advisors
63
ProShare Advisors
Maryland
$923K +$927K +45,979 New
CS
64
Credit Suisse
Switzerland
$860K +$864K +42,849 New
ARC
65
Absolute Return Capital
Massachusetts
$809K +$813K +40,302 New
Dimensional Fund Advisors
66
Dimensional Fund Advisors
Texas
$748K +$752K +37,268 New
PP
67
PDT Partners
New York
$722K +$725K +35,974 New
MLICM
68
Metropolitan Life Insurance Company (MetLife)
New York
$700K -$92.6K -4,591 -12%
AIG
69
American International Group
New York
$622K +$15K +742 +2%
VOYA Investment Management
70
VOYA Investment Management
Georgia
$567K
Bank of America
71
Bank of America
North Carolina
$522K -$624K -30,956 -54%
BA
72
BlackRock Advisors
Delaware
$487K +$9.13K +453 +2%
PTC
73
Philadelphia Trust Company
Pennsylvania
$425K -$333K -16,500 -44%
Morgan Stanley
74
Morgan Stanley
New York
$419K -$324K -16,084 -44%
FCM
75
FJ Capital Management
Virginia
$401K +$101K +5,000 +33%

NBHC Hedge Fund Activity: Q1 2014 in Review

93 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in National Bank Holdings (NBHC) for Q1 2014, worth a combined $840M — down 6.6% from $900M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of NBHC and 11 opened new positions — a net loss of 8 holders — while 34 trimmed existing stakes and 37 added.

The largest buyer was Forest Hill Capital, adding an estimated $28.6M. The largest seller was Discovery Capital Management, exiting entirely with an estimated $19.6M sold.

  • 93 institutional investors held National Bank Holdings (NBHC) as of Q1 2014, down from 102 in Q4 2013.
  • Funds reported $840M of National Bank Holdings stock for Q1 2014, down 6.6% quarter-over-quarter.
  • 11 funds opened new National Bank Holdings positions in Q1 2014 and 19 closed out, a net change of -8 holders.
  • The largest National Bank Holdings buyer in Q1 2014 was Forest Hill Capital, an estimated $28.6M added.
  • The largest National Bank Holdings seller in Q1 2014 was Discovery Capital Management, an estimated $19.6M sold.

Based on aggregated 13F filings for Q1 2014.