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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
AI
76
Analytic Investors
California
$373K
Deutsche Bank
77
Deutsche Bank
Germany
$367K +$358K +17,755 +3,061%
IAM
78
Iridian Asset Management
Connecticut
$320K +$6.86K +340 +2%
State Board of Administration of Florida Retirement System
79
State Board of Administration of Florida Retirement System
Florida
$298K
Goldman Sachs
80
Goldman Sachs
New York
$222K +$20.8K +1,029 +10%
Principal Financial Group
81
Principal Financial Group
Iowa
$220K -$33K -1,638 -13%
Citigroup
82
Citigroup
New York
$140K -$248K -12,313 -64%
IMS
83
Index Management Solutions
Pennsylvania
$121K +$122K +6,027 New
DADC
84
D.A. Davidson & Co
Montana
$90K +$40 +2 +0%
Schroder Investment Management Group
85
Schroder Investment Management Group
United Kingdom
$38.9K +$39K +1,936 New
Barclays
86
Barclays
United Kingdom
$36K -$75.8K -3,758 -68%
BlackRock
87
BlackRock
New York
$27K
U
88
UBS
Switzerland
$16K -$5.91K -293 -27%
FNBT
89
FineMark National Bank & Trust
Florida
$6K -$383 -19 -6%
Envestnet Asset Management
90
Envestnet Asset Management
Illinois
$3K -$3.47K -172 -51%
PNC Financial Services Group
91
PNC Financial Services Group
Pennsylvania
$3K +$3.02K +150 New
WA
92
WealthTrust-Arizona
Arizona
$2K
Manulife (Manufacturers Life Insurance)
93
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$729 -$91.9K -4,559 -11%
DCM
94
Discovery Capital Management
Connecticut
-$19.6M -916,500 Closed
SAAM
95
Solus Alternative Asset Management
New Jersey
-$6.38M -298,276 Closed
TCM
96
TimesSquare Capital Management
New York
-$6.37M -297,800 Closed
WHG
97
Westwood Holdings Group
Texas
-$3.22M -150,500 Closed
GCM
98
Gruss Capital Management
New York
-$1.6M -75,000 Closed
Arrowstreet Capital
99
Arrowstreet Capital
Massachusetts
-$576K -26,932 Closed
Thrivent Financial for Lutherans
100
Thrivent Financial for Lutherans
Minnesota
-$539K -25,200 Closed

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.