National Bank Holdings
NBHC
145 hedge funds and large institutions have $1.13B invested in National Bank Holdings in 2023 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 52 increasing their positions, 57 reducing their positions, and 32 closing their positions.
57% more call options, than puts
Call options by funds: $9.7M | Put options by funds: $6.18M
1.99% more ownership
Funds ownership: 88.05% → 90.04% (+2%)
9% less repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 57
13% less funds holding
Funds holding: 166 → 145 (-21)
15% less capital invested
Capital invested by funds: $1.33B → $1.13B (-$199M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
63% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$33.6M |
| 2 |
UBS AM
Chicago,
Illinois
|
+$10.1M |
| 3 |
State Street
Boston,
Massachusetts
|
+$10M |
| 4 |
LI
Leeward Investments
Boston,
Massachusetts
|
+$7.51M |
| 5 |
Millennium Management
New York
|
+$7.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$20.4M |
| 2 |
ClearBridge Investments
New York
|
-$13.3M |
| 3 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$10.5M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$7.91M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$4.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Point72 Asset Management
Stamford,
Connecticut
| – | -$84 | -2 | Closed |
|
NBHC Hedge Fund Activity: Q1 2023 in Review
145 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in National Bank Holdings (NBHC) for Q1 2023, worth a combined $1.13B — down 15% from $1.33B a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of NBHC and 12 opened new positions — a net loss of 20 holders — while 57 trimmed existing stakes and 52 added.
The largest buyer was Westwood Holdings Group, adding an estimated $33.6M. The largest seller was Granite Investment Partners, exiting entirely with an estimated $20.4M sold.
- 145 institutional investors held National Bank Holdings (NBHC) as of Q1 2023, down from 166 in Q4 2022.
- Funds reported $1.13B of National Bank Holdings stock for Q1 2023, down 15% quarter-over-quarter.
- 12 funds opened new National Bank Holdings positions in Q1 2023 and 32 closed out, a net change of -20 holders.
- The largest National Bank Holdings buyer in Q1 2023 was Westwood Holdings Group, an estimated $33.6M added.
- The largest National Bank Holdings seller in Q1 2023 was Granite Investment Partners, an estimated $20.4M sold.
Based on aggregated 13F filings for Q1 2023.