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Bank of N.T. Butterfield & Son

130 hedge funds and large institutions have $1.45B invested in Bank of N.T. Butterfield & Son in 2017 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 48 increasing their positions, 35 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 15

37% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 35

10% more capital invested

Capital invested by funds: $1.31B → $1.45B (+$137M)

8% more funds holding

Funds holding: 120130 (+10)

1.44% more ownership

Funds ownership: 71.04%72.48% (+1.4%)

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

Holders
130
Holders Change
+10
Holders Change %
+8.33%
% of All Funds
3.24%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.15%
New
27
Increased
48
Reduced
35
Closed
15
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Balyasny Asset Management
26
Balyasny Asset Management
Illinois
$13.5M -$4.72M -138,516 -27%
Two Sigma Investments
27
Two Sigma Investments
New York
$13.5M -$1.11M -32,432 -8%
CCM
28
Castine Capital Management
Massachusetts
$12.6M +$1.83M +53,695 +18%
PFMOSF
29
Philadelphia Financial Management of San Francisco
California
$12.6M -$2.41M -70,699 -17%
SI
30
Sapience Investments
California
$12M +$1.85M +54,190 +20%
CA
31
Claar Advisors
New York
$11.4M
ZDA
32
Zweig-DiMenna Associates
New York
$11.1M +$512K +15,000 +5%
OAM
33
Oxford Asset Management
United Kingdom
$10.8M +$4.86M +142,365 +91%
MWNA
34
Marshall Wace North America
New York
$9.92M -$11.2M -327,653 -55%
DCM
35
Driehaus Capital Management
Illinois
$9.71M +$1.88M +55,000 +26%
Bank of America
36
Bank of America
North Carolina
$9.38M +$5.57M +163,184 +176%
RA
37
Royce & Associates
New York
$8.14M
FG
38
FSI Group
Ohio
$7.34M -$844K -24,750 -11%
KCM
39
Kennedy Capital Management
Missouri
$7.18M +$911K +26,696 +16%
HA
40
Harbor Advisors
Florida
$7.04M
Bank of New York Mellon
41
Bank of New York Mellon
New York
$7M +$53.5K +1,568 +0.8%
KTA
42
Keeley-Teton Advisors
Illinois
$6.71M +$6.25M +183,205 New
Deutsche Bank
43
Deutsche Bank
Germany
$6.4M -$646K -18,949 -10%
CS
44
Credit Suisse
Switzerland
$6.2M +$5.36M +157,032 +1,301%
State of Wisconsin Investment Board
45
State of Wisconsin Investment Board
Wisconsin
$5.91M
Charles Schwab
46
Charles Schwab
California
$5.68M +$363K +10,640 +7%
GC
47
Gillson Capital
Illinois
$5.56M -$6.8M -199,212 -57%
Vanguard Group
48
Vanguard Group
Pennsylvania
$5.44M +$31.4K +920 +0.6%
Renaissance Technologies
49
Renaissance Technologies
New York
$4.83M -$2.13M -62,400 -32%
PP
50
Prospector Partners
Connecticut
$4.82M

NTB Hedge Fund Activity: Q3 2017 in Review

130 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q3 2017, worth a combined $1.45B — up 10% from $1.31B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new NTB positions and 15 closed out — a net gain of 12 holders — while 48 added to existing stakes and 35 trimmed.

The largest buyer was Vaughan Nelson Investment Management, opening a new position worth an estimated $38.9M. The largest seller was Point72 Asset Management, exiting entirely with an estimated $16.1M sold.

  • 130 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q3 2017, up from 120 in Q2 2017.
  • Funds reported $1.45B of Bank of N.T. Butterfield & Son stock for Q3 2017, up 10% quarter-over-quarter.
  • 27 funds opened new Bank of N.T. Butterfield & Son positions in Q3 2017 and 15 closed out, a net change of +12 holders.
  • The largest Bank of N.T. Butterfield & Son buyer in Q3 2017 was Vaughan Nelson Investment Management, an estimated $38.9M added.
  • The largest Bank of N.T. Butterfield & Son seller in Q3 2017 was Point72 Asset Management, an estimated $16.1M sold.

Based on aggregated 13F filings for Q3 2017.