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Bank of N.T. Butterfield & Son
NTB

76 hedge funds and large institutions have $1.04B invested in Bank of N.T. Butterfield & Son in 2016 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

192% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 13

49% more capital invested

Capital invested by funds: $697M → $1.04B (+$344M)

46% more funds holding

Funds holding: 52 → 76 (+24)

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

11.06% more ownership

Funds ownership: 51.17% → 62.23% (+11%)

29% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 17

Holders
76
Holders Change
+24
Holders Change %
+46.15%
% of All Funds
1.9%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.15%
New
38
Increased
12
Reduced
17
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
NIMC
NWQ Investment Management Company
California
+$36.5M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$36.2M
3
HCM
Hilton Capital Management
New York
+$12.8M
4
BFA
BlackRock Fund Advisors
California
+$10.4M
5
Wells Fargo
Wells Fargo
California
+$9.97M

Top Sellers

Rank Fund Capital Flow
1
Norges Bank
Norges Bank
Norway
-$9.46M
2
GC
Gratia Capital
California
-$9.41M
3
SSA
Schonfeld Strategic Advisors
New York
-$8.31M
4
Millennium Management
Millennium Management
New York
-$6.76M
5
Goldman Sachs
Goldman Sachs
New York
-$6.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
PP
26
Prospector Partners
Connecticut
$4.13M +$533K +19,000 +17%
Northern Trust
27
Northern Trust
Illinois
$4.06M +$3.01M +107,278 +488%
Two Sigma Investments
28
Two Sigma Investments
New York
$3.74M +$3.34M +119,064 New
TIM
29
Thornburg Investment Management
New Mexico
$3.37M -$2.25M -80,384 -43%
GC
30
Gillson Capital
Illinois
$3.17M +$2.83M +100,911 New
MCM
31
Maltese Capital Management
New York
$2.99M -$841K -30,000 -24%
Two Sigma Advisers
32
Two Sigma Advisers
New York
$2.92M +$2.6M +92,730 New
BCM
33
BlueMar Capital Management
Florida
$2.84M +$1.14M +40,661 +82%
TM
34
Tiger Management
New York
$2.6M +$2.32M +82,709 New
Bank of New York Mellon
35
Bank of New York Mellon
New York
$2.41M +$884K +31,513 +69%
Bank of America
36
Bank of America
North Carolina
$2.22M +$1.55M +55,327 +362%
MAM
37
Martingale Asset Management
Massachusetts
$2.06M +$1.83M +65,426 New
BIT
38
BlackRock Institutional Trust
California
$2M +$1.79M +63,737 New
Adage Capital Partners
39
Adage Capital Partners
Massachusetts
$1.57M +$1.4M +50,000 New
MIM
40
Monashee Investment Management
Massachusetts
$1.28M +$1.14M +40,797 New
SEI Investments
41
SEI Investments
Pennsylvania
$1.23M +$1.1M +39,132 New
Morgan Stanley
42
Morgan Stanley
New York
$1.13M -$195K -6,964 -16%
BIM
43
BlackRock Investment Management
Delaware
$997K +$889K +31,707 New
California State Teachers Retirement System (CalSTRS)
44
California State Teachers Retirement System (CalSTRS)
California
$984K +$878K +31,300 New
TCIM
45
TIAA CREF Investment Management
New York
$970K +$865K +30,847 New
Goldman Sachs
46
Goldman Sachs
New York
$833K -$6.2M -220,992 -89%
GWI
47
Grace & White Inc
New York
$800K -$2.19M -77,920 -75%
Vanguard Group
48
Vanguard Group
Pennsylvania
$769K +$686K +24,464 New
Charles Schwab
49
Charles Schwab
California
$724K +$645K +23,000 New
SIM
50
Spark Investment Management
New York
$716K +$639K +22,800 New
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NTB Hedge Fund Activity: Q4 2016 in Review

76 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q4 2016, worth a combined $1.04B — up 49% from $697M a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new NTB positions and 13 closed out — a net gain of 25 holders — while 12 added to existing stakes and 17 trimmed.

The largest buyer was NWQ Investment Management Company, adding an estimated $36.5M. The largest seller was Norges Bank, exiting entirely with an estimated $9.46M sold.

  • 76 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q4 2016, up from 52 in Q3 2016.
  • Funds reported $1.04B of Bank of N.T. Butterfield & Son stock for Q4 2016, up 49% quarter-over-quarter.
  • 38 funds opened new Bank of N.T. Butterfield & Son positions in Q4 2016 and 13 closed out, a net change of +25 holders.
  • The largest Bank of N.T. Butterfield & Son buyer in Q4 2016 was NWQ Investment Management Company, an estimated $36.5M added.
  • The largest Bank of N.T. Butterfield & Son seller in Q4 2016 was Norges Bank, an estimated $9.46M sold.

Based on aggregated 13F filings for Q4 2016.