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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
BlackRock
1
BlackRock
New York
$212M +$1.39M +33,357 +0.6%
Vanguard Group
2
Vanguard Group
Pennsylvania
$161M -$1.48M -35,482 -0.8%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$111M -$1.82M -43,790 -1%
Victory Capital Management
4
Victory Capital Management
Texas
$109M +$3.03M +72,805 +3%
T. Rowe Price Investment Management
5
T. Rowe Price Investment Management
Maryland
$87M -$1.41M -33,857 -1%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$79.9M -$51.2K -1,231 -0.1%
State Street
7
State Street
Massachusetts
$65M -$7.61M -182,694 -10%
WHG
8
Westwood Holdings Group
Texas
$55.5M +$14M +335,741 +30%
SBH
9
Segall Bryant & Hamill
Illinois
$34.1M -$753K -18,093 -2%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$33.9M +$1.18M +28,229 +3%
Renaissance Technologies
11
Renaissance Technologies
New York
$32.6M +$2M +48,100 +6%
ACB
12
Aristotle Capital Boston
Massachusetts
$31.2M -$7.66M -183,926 -18%
Principal Financial Group
13
Principal Financial Group
Iowa
$27.9M -$900K -21,623 -3%
Boston Partners
14
Boston Partners
Massachusetts
$21.7M +$6.82M +163,895 +41%
N
15
Nuveen
North Carolina
$21.1M +$382K +9,184 +2%
First Trust Advisors
16
First Trust Advisors
Illinois
$19.5M +$15.7M +378,140 +286%
American Century Companies
17
American Century Companies
Missouri
$18.3M -$357K -8,565 -2%
Northern Trust
18
Northern Trust
Illinois
$16.7M -$150K -3,612 -0.8%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$16M -$8.92M -214,312 -34%
LI
20
Leeward Investments
Massachusetts
$14.9M +$1.74M +41,828 +12%
Charles Schwab
21
Charles Schwab
California
$14M +$376K +9,021 +3%
KCM
22
Kennedy Capital Management
Missouri
$13.5M -$593K -14,241 -4%
Morgan Stanley
23
Morgan Stanley
New York
$11.9M -$2.66M -63,863 -17%
Qube Research & Technologies (QRT)
24
Qube Research & Technologies (QRT)
United Kingdom
$11M +$3.64M +87,471 +44%
SEI Investments
25
SEI Investments
Pennsylvania
$10.8M +$796K +19,130 +7%

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.