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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$13.2M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
+$10.9M |
| 3 |
ACB
Aristotle Capital Boston
Boston,
Massachusetts
|
+$5.53M |
| 4 |
State Street
Boston,
Massachusetts
|
+$4.03M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
+$3.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$9.7M |
| 2 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$7.17M |
| 3 |
ACG
Anchorage Capital Group
New York
|
-$6.76M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$4M |
| 5 |
Bank of New York Mellon
New York
|
-$2.94M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Acadian Asset Management
Boston,
Massachusetts
| – | -$485K | -13,568 | Closed |
|
127
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$410K | -11,500 | Closed |
|
128
Capital Fund Management (CFM)
Paris,
France
| – | -$375K | -10,500 | Closed |
|
|
ARTA
129
A.R.T. Advisors
New York
| – | -$371K | -10,400 | Closed |
|
|
PCM
130
Piermont Capital Management
St. Louis,
Missouri
| – | -$368K | -10,320 | Closed |
|
|
CCIA
131
Campbell & Co Investment Adviser
Baltimore,
Maryland
| – | -$336K | -9,420 | Closed |
|
132
SG Americas Securities
New York
| – | -$284K | -7,969 | Closed |
|
133
Squarepoint
New York
| – | -$229K | -6,426 | Closed |
|
|
PIA
134
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$208K | -5,819 | Closed |
|
|
LTFS
135
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$3K | -86 | Closed |
|
|
OAM
136
Oppenheimer Asset Management
New York
| – | -$1K | -39 | Closed |
|
137
AssetMark Inc
Concord,
California
| – | +$300 | +9 | New |
|
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.