National Bank Holdings
NBHC
188 hedge funds and large institutions have $1.39B invested in National Bank Holdings in 2025 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 72 increasing their positions, 61 reducing their positions, and 16 closing their positions.
69% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 16
18% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 61
5% more funds holding
Funds holding: 179 → 188 (+9)
0.06% more ownership
Funds ownership: 96.98% → 97.04% (+0.06%)
2% less capital invested
Capital invested by funds: $1.41B → $1.39B (-$22.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$14.9M |
| 2 |
MCM
Maltese Capital Management
New York
|
+$5.65M |
| 3 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$4.4M |
| 4 |
N
Numerai
San Francisco,
California
|
+$3.98M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$2.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$14.8M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$9.66M |
| 3 |
Bank of New York Mellon
New York
|
-$3.63M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
-$2.86M |
| 5 |
JP Morgan Chase
New York
|
-$2.51M |
NBHC Hedge Fund Activity: Q2 2025 in Review
188 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in National Bank Holdings (NBHC) for Q2 2025, worth a combined $1.39B — down 1.6% from $1.41B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new NBHC positions and 16 closed out — a net gain of 11 holders — while 72 added to existing stakes and 61 trimmed.
The largest buyer was Millennium Management, adding an estimated $14.9M. The largest seller was Wellington Management Group, cutting an estimated $14.8M.
- 188 institutional investors held National Bank Holdings (NBHC) as of Q2 2025, up from 179 in Q1 2025.
- Funds reported $1.39B of National Bank Holdings stock for Q2 2025, down 1.6% quarter-over-quarter.
- 27 funds opened new National Bank Holdings positions in Q2 2025 and 16 closed out, a net change of +11 holders.
- The largest National Bank Holdings buyer in Q2 2025 was Millennium Management, an estimated $14.9M added.
- The largest National Bank Holdings seller in Q2 2025 was Wellington Management Group, an estimated $14.8M sold.
Based on aggregated 13F filings for Q2 2025.