National Bank Holdings
NBHC
93 hedge funds and large institutions have $841M 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.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+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: $901M → $841M (-$59.7M)
9% less funds holding
Funds holding: 102 → 93 (-9)
42% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FHC
Forest Hill Capital
Little Rock,
Arkansas
|
+$28.6M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$15.2M |
| 3 |
APG Asset Management
Amsterdam,
Netherlands
|
+$9.07M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$4.31M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$3.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$19.6M |
| 2 |
WI
WHV Investments
San Francisco,
California
|
-$12.2M |
| 3 |
SAAM
Solus Alternative Asset Management
Summit,
New Jersey
|
-$6.38M |
| 4 |
TCM
TimesSquare Capital Management
New York
|
-$6.37M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$6.18M |
NBHC Hedge Fund Activity: Q1 2014 in Review
93 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in National Bank Holdings (NBHC) for Q1 2014, worth a combined $841M — down 6.6% from $901M 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 $841M 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.