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National Bank Holdings

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.

New
Increased
Maintained
Reduced
Closed

92% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 13

7% more funds holding

Funds holding: 167179 (+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

Holders
179
Holders Change
+12
Holders Change %
+7.19%
% of All Funds
2.4%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
25
Increased
57
Reduced
70
Closed
13
Calls
$4K
Puts
Net Calls
+$4K
Net Calls Change
-$9K
Name Holding Trade Value Shares
Change
Change in
Stake
Pictet Asset Management
126
Pictet Asset Management
Switzerland
$258K +$281K +6,750 New
MAM
127
Meeder Asset Management
Ohio
$249K
I
128
InceptionR
California
$239K +$260K +6,249 New
JIC
129
Johnson Investment Counsel
Ohio
$239K
ECM
130
Everence Capital Management
Indiana
$235K
IFU
131
iSAM Funds (UK)
United Kingdom
$234K +$16.4K +395 +7%
Universal-Beteiligungs- und Servicegesellschaft
132
Universal-Beteiligungs- und Servicegesellschaft
Germany
$217K +$237K +5,682 New
SC
133
Scotia Capital
Ontario, Canada
$217K -$16.2K -388 -6%
Squarepoint
134
Squarepoint
New York
$216K +$234K +5,632 New
Envestnet Asset Management
135
Envestnet Asset Management
Illinois
$214K -$1.92K -46 -0.8%
MOACM
136
Mutual of America Capital Management
New York
$212K -$9.03K -217 -4%
ACM
137
Aquatic Capital Management
Illinois
$154K -$916 -22 -0.5%
AIP
138
Ameritas Investment Partners
Nebraska
$140K
BNP Paribas Financial Markets
139
BNP Paribas Financial Markets
France
$123K -$162K -3,896 -55%
Osaic Holdings
140
Osaic Holdings
Arizona
$108K -$16.7K -401 -12%
Nisa Investment Advisors
141
Nisa Investment Advisors
Missouri
$101K
PNC Financial Services Group
142
PNC Financial Services Group
Pennsylvania
$94.6K +$9.95K +239 +11%
KBC Group
143
KBC Group
Belgium
$94K +$2.87K +69 +3%
Public Employees Retirement Association of Colorado
144
Public Employees Retirement Association of Colorado
Colorado
$90K
QCG
145
Quadrant Capital Group
Ohio
$69.3K +$73.5K +1,766 +3,839%
TRCT
146
Tower Research Capital (TRC)
New York
$56.2K -$21.9K -526 -26%
AssetMark Inc
147
AssetMark Inc
California
$55.8K -$7.87K -189 -11%
CCM
148
Coldstream Capital Management
Washington
$53.4K +$58.1K +1,395 New
QL
149
Quarry LP
New York
$52.1K +$16.3K +391 +40%
Carson Wealth (CWM LLC)
150
Carson Wealth (CWM LLC)
Nebraska
$30K +$20K +480 +158%

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.