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National Bank Holdings
NBHC

98 hedge funds and large institutions have $946M invested in National Bank Holdings in 2013 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 36 increasing their positions, 31 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

16% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 31

7% more capital invested

Capital invested by funds: $887M → $946M (+$58.7M)

3.88% more ownership

Funds ownership: 97.55% → 101.44% (+3.9%)

1% more funds holding

Funds holding: 97 → 98 (+1)

8% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 13

Holders
98
Holders Change
+1
Holders Change %
+1.03%
% of All Funds
3.18%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.16%
New
14
Increased
36
Reduced
31
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
DCM
Discovery Capital Management
Connecticut
+$19.1M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$8.71M
3
Northern Trust
Northern Trust
Illinois
+$8.36M
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$4.41M
5
EAM
Eagle Asset Management
Florida
+$3.46M

Top Sellers

1
BA
BlackRock Advisors
Delaware
-$6.18M
2
UOC
UBS O'Connor
Illinois
-$4.81M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$4.7M
4
NGA
New Generation Advisors
Massachusetts
-$3.94M
5
TCA
Taconic Capital Advisors
New York
-$3.39M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wellington Management Group
1
Wellington Management Group
Massachusetts
$82.1M -$3.03M -151,160 -4%
EM
2
Elliott Management
New York
$78.1M – – –
Boston Partners
3
Boston Partners
Massachusetts
$58.5M -$2.78M -138,363 -5%
Vanguard Group
4
Vanguard Group
Pennsylvania
$49.7M +$8.71M +434,263 +22%
PC
5
Paulson & Co
New York
$44.7M – – –
Wells Fargo
6
Wells Fargo
California
$37.2M +$2.1M +104,682 +6%
TCA
7
Taconic Capital Advisors
New York
$36.1M -$3.39M -169,125 -9%
AR
8
Advisory Research
Illinois
$30.4M +$3.04M +151,765 +11%
BFA
9
BlackRock Fund Advisors
California
$28.4M +$3.28M +163,626 +13%
LM
10
Litespeed Management
New York
$25.2M – – –
CC
11
Carlson Capital
Texas
$25.2M +$138K +6,900 +0.6%
JP Morgan Chase
12
JP Morgan Chase
New York
$25.2M +$2.43M +121,213 +11%
FC
13
FBR & Co
Virginia
$22.8M +$100 +5 +0%
BIT
14
BlackRock Institutional Trust
California
$22.4M -$854K -42,579 -4%
DRZID
15
DePrince Race & Zollo Inc (DRZ)
Florida
$21.7M -$314K -15,660 -1%
EBIM
16
Eagle Boston Investment Management
Massachusetts
$21.5M -$419K -20,875 -2%
T. Rowe Price Associates
17
T. Rowe Price Associates
Maryland
$20.8M +$1.05M +52,200 +5%
DCM
18
Discovery Capital Management
Connecticut
$19.5M +$19.1M +950,000 New
PFMOSF
19
Philadelphia Financial Management of San Francisco
California
$18.9M -$3.17M -157,934 -15%
MCM
20
Moore Capital Management
New York
$17M – – –
D.E. Shaw & Co
21
D.E. Shaw & Co
New York
$16.9M – – –
State Street
22
State Street
Massachusetts
$16.9M +$1.71M +85,450 +12%
BFC
23
Banc Funds Company
Illinois
$16.7M – – –
Northern Trust
24
Northern Trust
Illinois
$14.2M +$8.36M +416,952 +152%
WI
25
WHV Investments
California
$13.5M -$431K -21,500 -3%
1
2 3 4 5

NBHC Hedge Fund Activity: Q3 2013 in Review

98 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in National Bank Holdings (NBHC) for Q3 2013, worth a combined $946M — up 6.6% from $887M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new NBHC positions and 13 closed out — a net gain of 1 holder — while 36 added to existing stakes and 31 trimmed.

The largest buyer was Discovery Capital Management, opening a new position worth an estimated $19.1M. The largest seller was BlackRock Advisors, cutting an estimated $6.18M.

  • 98 institutional investors held National Bank Holdings (NBHC) as of Q3 2013, up from 97 in Q2 2013.
  • Funds reported $946M of National Bank Holdings stock for Q3 2013, up 6.6% quarter-over-quarter.
  • 14 funds opened new National Bank Holdings positions in Q3 2013 and 13 closed out, a net change of +1 holder.
  • The largest National Bank Holdings buyer in Q3 2013 was Discovery Capital Management, an estimated $19.1M added.
  • The largest National Bank Holdings seller in Q3 2013 was BlackRock Advisors, an estimated $6.18M sold.

Based on aggregated 13F filings for Q3 2013.