National Bank Holdings
NBHC
127 hedge funds and large institutions have $947M invested in National Bank Holdings in 2018 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 47 increasing their positions, 43 reducing their positions, and 11 closing their positions.
55% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 11
13% more capital invested
Capital invested by funds: $837M → $947M (+$110M)
4% more funds holding
Funds holding: 122 → 127 (+5)
9% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 43
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1.71% less ownership
Funds ownership: 95.53% → 93.81% (-1.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$28.1M |
| 2 |
ACB
Aristotle Capital Boston
Boston,
Massachusetts
|
+$14.3M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.1M |
| 4 |
Bank of New York Mellon
New York
|
+$9.93M |
| 5 |
HAM
Hillcrest Asset Management
Plano,
Texas
|
+$7.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$12.5M |
| 2 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$12.4M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$3.6M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.46M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$1.35M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PFBT
126
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| $1K | +$598 | +18 | +180% |
|
|
KCM
127
Kennedy Capital Management
St Louis,
Missouri
| – | -$1.46M | -45,131 | Closed |
|
128
First Trust Advisors
Wheaton,
Illinois
| – | -$1.24M | -38,185 | Closed |
|
|
ADEF
129
Adams Diversified Equity Fund
Baltimore,
Maryland
| – | -$749K | -23,100 | Closed |
|
|
OSAM
130
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$537K | -16,547 | Closed |
|
131
Teacher Retirement System of Texas
Austin,
Texas
| – | -$298K | -9,202 | Closed |
|
132
Victory Capital Management
San Antonio,
Texas
| – | -$253K | -7,809 | Closed |
|
133
Parallax Volatility Advisers
San Francisco,
California
| – | -$124K | -3,822 | Closed |
|
|
DCM
134
Delpha Capital Management
New York
| – | -$6K | -175 | Closed |
|
135
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$2K | -71 | Closed |
|
|
STA
136
Summit Trail Advisors
New York
| – | -$1K | -25 | Closed |
|
|
JA
137
JOYN Advisors
Atlanta,
Georgia
| – | +$166 | +5 | New |
|
NBHC Hedge Fund Activity: Q1 2018 in Review
127 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in National Bank Holdings (NBHC) for Q1 2018, worth a combined $947M — up 13% from $837M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new NBHC positions and 11 closed out — a net gain of 6 holders — while 47 added to existing stakes and 43 trimmed.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $28.1M. The largest seller was Thrivent Financial for Lutherans, cutting an estimated $12.5M.
- 127 institutional investors held National Bank Holdings (NBHC) as of Q1 2018, up from 122 in Q4 2017.
- Funds reported $947M of National Bank Holdings stock for Q1 2018, up 13% quarter-over-quarter.
- 17 funds opened new National Bank Holdings positions in Q1 2018 and 11 closed out, a net change of +6 holders.
- The largest National Bank Holdings buyer in Q1 2018 was Wellington Management Group, an estimated $28.1M added.
- The largest National Bank Holdings seller in Q1 2018 was Thrivent Financial for Lutherans, an estimated $12.5M sold.
Based on aggregated 13F filings for Q1 2018.