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National Bank Holdings

93 hedge funds and large institutions have $840M invested in National Bank Holdings in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 37 increasing their positions, 34 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more funds holding in top 10

Funds holding in top 10: 35 (+2)

1.38% more ownership

Funds ownership: 99.52%100.9% (+1.4%)

9% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 34

7% less capital invested

Capital invested by funds: $900M → $840M (-$59.5M)

9% less funds holding

Funds holding: 10293 (-9)

42% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 19

Holders
93
Holders Change
-9
Holders Change %
-8.82%
% of All Funds
2.69%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.14%
New
11
Increased
37
Reduced
34
Closed
19
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
EM
1
Elliott Management
New York
$72.5M
Wellington Management Group
2
Wellington Management Group
Massachusetts
$72.2M
Vanguard Group
3
Vanguard Group
Pennsylvania
$49.9M +$1.24M +61,341 +3%
Boston Partners
4
Boston Partners
Massachusetts
$47.1M -$3.35M -166,241 -7%
DRZID
5
DePrince Race & Zollo Inc (DRZ)
Florida
$36M +$15.2M +753,179 +72%
State Street
6
State Street
Massachusetts
$34.4M +$1.4M +69,291 +4%
JP Morgan Chase
7
JP Morgan Chase
New York
$34M +$2.25M +111,760 +7%
FHC
8
Forest Hill Capital
Arkansas
$30.7M +$28.6M +1,416,509 +1,240%
CC
9
Carlson Capital
Texas
$30.4M +$2.91M +144,083 +11%
Wells Fargo
10
Wells Fargo
California
$30.3M -$6.18M -306,550 -17%
TCA
11
Taconic Capital Advisors
New York
$26.1M -$5.22M -258,882 -17%
EBIM
12
Eagle Boston Investment Management
Massachusetts
$25.7M -$24.8K -1,229 -0.1%
LM
13
Litespeed Management
New York
$25.2M +$559K +27,715 +2%
BFA
14
BlackRock Fund Advisors
California
$23.1M -$132K -6,562 -0.6%
AR
15
Advisory Research
Illinois
$21.9M -$4.04M -200,095 -15%
BIT
16
BlackRock Institutional Trust
California
$20.2M -$62.2K -3,086 -0.3%
T. Rowe Price Associates
17
T. Rowe Price Associates
Maryland
$18.9M +$34.3K +1,700 +0.2%
PFMOSF
18
Philadelphia Financial Management of San Francisco
California
$18.1M -$5.43M -269,264 -23%
D.E. Shaw & Co
19
D.E. Shaw & Co
New York
$16.7M +$38.4K +1,904 +0.2%
BFC
20
Banc Funds Company
Illinois
$16.4M +$101K +5,000 +0.6%
RFC
21
Russell Frank Company
Washington
$11.9M +$4.31M +213,950 +56%
Northern Trust
22
Northern Trust
Illinois
$11.8M -$1.3M -64,429 -10%
KCM
23
Kennedy Capital Management
Missouri
$10.7M +$3.08M +152,930 +40%
MCM
24
Moore Capital Management
New York
$10.6M -$3.04M -150,685 -22%
Ameriprise
25
Ameriprise
Minnesota
$10M -$1.32M -65,318 -12%

NBHC Hedge Fund Activity: Q1 2014 in Review

93 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in National Bank Holdings (NBHC) for Q1 2014, worth a combined $840M — down 6.6% from $900M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of NBHC and 11 opened new positions — a net loss of 8 holders — while 34 trimmed existing stakes and 37 added.

The largest buyer was Forest Hill Capital, adding an estimated $28.6M. The largest seller was Discovery Capital Management, exiting entirely with an estimated $19.6M sold.

  • 93 institutional investors held National Bank Holdings (NBHC) as of Q1 2014, down from 102 in Q4 2013.
  • Funds reported $840M of National Bank Holdings stock for Q1 2014, down 6.6% quarter-over-quarter.
  • 11 funds opened new National Bank Holdings positions in Q1 2014 and 19 closed out, a net change of -8 holders.
  • The largest National Bank Holdings buyer in Q1 2014 was Forest Hill Capital, an estimated $28.6M added.
  • The largest National Bank Holdings seller in Q1 2014 was Discovery Capital Management, an estimated $19.6M sold.

Based on aggregated 13F filings for Q1 2014.