National Bank Holdings
NBHC
216 hedge funds and large institutions have $1.62B invested in National Bank Holdings in 2026 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 93 increasing their positions, 57 reducing their positions, and 44 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
63% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 57
16% more capital invested
Capital invested by funds: $1.4B → $1.62B (+$221M)
5% less funds holding
Funds holding: 227 → 216 (-11)
5.39% less ownership
Funds ownership: 97.17% → 91.78% (-5.4%)
14% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 44
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
+$99.2M |
| 2 |
Charles Schwab
San Francisco,
California
|
+$43.2M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$38.4M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$20.3M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$17.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$63.6M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$14.7M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$11.8M |
| 4 |
YIH
Y-Intercept (HK)
Hong Kong
|
-$6.06M |
| 5 |
Tudor Investment Corp
Stamford,
Connecticut
|
-$5.29M |
NBHC Hedge Fund Activity: Q1 2026 in Review
216 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in National Bank Holdings (NBHC) for Q1 2026, worth a combined $1.62B — up 16% from $1.4B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of NBHC and 38 opened new positions — a net loss of 6 holders — while 57 trimmed existing stakes and 93 added.
The largest buyer was William Blair Investment Management, opening a new position worth an estimated $99.2M. The largest seller was Victory Capital Management, cutting an estimated $63.6M.
- 216 institutional investors held National Bank Holdings (NBHC) as of Q1 2026, down from 227 in Q4 2025.
- Funds reported $1.62B of National Bank Holdings stock for Q1 2026, up 16% quarter-over-quarter.
- 38 funds opened new National Bank Holdings positions in Q1 2026 and 44 closed out, a net change of -6 holders.
- The largest National Bank Holdings buyer in Q1 2026 was William Blair Investment Management, an estimated $99.2M added.
- The largest National Bank Holdings seller in Q1 2026 was Victory Capital Management, an estimated $63.6M sold.
Based on aggregated 13F filings for Q1 2026.