We are live on ! Find out more
NBHC icon

National Bank Holdings

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, 62 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

69% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 16

16% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 62

5% more funds holding

Funds holding: 179188 (+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)

Holders
188
Holders Change
+9
Holders Change %
+5.03%
% of All Funds
2.47%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
27
Increased
72
Reduced
62
Closed
16
Calls
$9.03M
Puts
Net Calls
+$9.03M
Net Calls Change
+$9.02M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$208M +$388K +10,651 +0.2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$158M -$75.5K -2,072 -0%
Victory Capital Management
3
Victory Capital Management
Texas
$106M -$1.55M -42,590 -1%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$93.8M -$14.8M -404,924 -14%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$77.9M -$630K -17,283 -0.8%
T. Rowe Price Investment Management
6
T. Rowe Price Investment Management
Maryland
$75.5M -$9.66M -265,258 -12%
State Street
7
State Street
Massachusetts
$64.6M +$696K +19,107 +1%
WHG
8
Westwood Holdings Group
Texas
$59.1M +$4.4M +120,754 +8%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$34M +$678K +18,612 +2%
SBH
10
Segall Bryant & Hamill
Illinois
$33.9M +$403K +11,053 +1%
Renaissance Technologies
11
Renaissance Technologies
New York
$32.5M +$474K +13,000 +2%
ACB
12
Aristotle Capital Boston
Massachusetts
$28.4M -$2.13M -58,526 -7%
Principal Financial Group
13
Principal Financial Group
Iowa
$24.5M -$2.86M -78,514 -11%
Millennium Management
14
Millennium Management
New York
$22.9M +$14.9M +408,234 +205%
N
15
Nuveen
North Carolina
$20.8M -$8.45K -232 -0%
Boston Partners
16
Boston Partners
Massachusetts
$19.1M -$2.21M -60,594 -11%
First Trust Advisors
17
First Trust Advisors
Illinois
$18.4M -$773K -21,221 -4%
LI
18
Leeward Investments
Massachusetts
$17M +$2.23M +61,287 +16%
American Century Companies
19
American Century Companies
Missouri
$16.1M -$1.85M -50,828 -11%
Northern Trust
20
Northern Trust
Illinois
$15.6M -$783K -21,484 -5%
Charles Schwab
21
Charles Schwab
California
$15.3M +$1.49M +40,894 +11%
MCM
22
Maltese Capital Management
New York
$15.2M +$5.65M +155,000 +62%
KCM
23
Kennedy Capital Management
Missouri
$12M -$1.23M -33,862 -10%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$12M -$3.63M -99,666 -24%
SEI Investments
25
SEI Investments
Pennsylvania
$11.9M +$1.19M +32,736 +12%

NBHC Hedge Fund Activity: Q2 2025 in Review

188 of the 7,596 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 62 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.