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Bank of N.T. Butterfield & Son
NTB

158 hedge funds and large institutions have $1.78B invested in Bank of N.T. Butterfield & Son in 2018 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 45 increasing their positions, 62 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

270% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 10

33% more funds holding in top 10

Funds holding in top 10: 6 → 8 (+2)

22% more capital invested

Capital invested by funds: $1.46B → $1.78B (+$322M)

19% more funds holding

Funds holding: 133 → 158 (+25)

1.43% less ownership

Funds ownership: 73.48% → 72.05% (-1.4%)

27% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 62

Holders
158
Holders Change
+25
Holders Change %
+18.8%
% of All Funds
3.62%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.18%
New
37
Increased
45
Reduced
62
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DSA
Davis Selected Advisers
Arizona
+$100M
2
Macquarie Group
Macquarie Group
Australia
+$13.5M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$13M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$11.4M
5
Norges Bank
Norges Bank
Norway
+$10.3M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$43.7M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$43.6M
3
NIMC
NWQ Investment Management Company
California
-$35.3M
4
Millennium Management
Millennium Management
New York
-$33.3M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$23.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Investments
26
Two Sigma Investments
New York
$18.4M +$1.18M +27,643 +7%
Macquarie Group
27
Macquarie Group
Australia
$16.7M +$13.5M +317,504 +581%
VOYA Investment Management
28
VOYA Investment Management
Georgia
$16.5M -$8.52M -199,693 -35%
Bank of America
29
Bank of America
North Carolina
$16.4M -$71.2K -1,670 -0.5%
O
30
OppenheimerFunds
New York
$16.4M -$2.83M -66,447 -15%
Jacobs Levy Equity Management
31
Jacobs Levy Equity Management
New Jersey
$14.4M +$585K +13,710 +4%
CCM
32
Castine Capital Management
Massachusetts
$13.6M -$2.15M -50,412 -14%
MCM
33
Maltese Capital Management
New York
$12.9M -$959K -22,500 -7%
RA
34
Royce & Associates
New York
$12.2M +$2.13M +50,000 +22%
Norges Bank
35
Norges Bank
Norway
$10.9M +$10.3M +242,217 New
JP Morgan Chase
36
JP Morgan Chase
New York
$10.8M +$9.65M +226,342 +1,708%
EMFAT
37
Emerald Mutual Fund Advisers Trust
Pennsylvania
$10.7M +$10.2M +238,604 New
Deutsche Bank
38
Deutsche Bank
Germany
$10.6M -$850K -19,924 -8%
Bank of New York Mellon
39
Bank of New York Mellon
New York
$10.4M +$2.04M +47,946 +25%
D.E. Shaw & Co
40
D.E. Shaw & Co
New York
$10.4M +$962K +22,562 +11%
SI
41
Sapience Investments
California
$9.82M -$4.2M -98,463 -31%
Millennium Management
42
Millennium Management
New York
$9.44M -$33.3M -781,553 -79%
FG
43
FSI Group
Ohio
$8.99M – – –
HA
44
Harbor Advisors
Florida
$8.63M – – –
Morgan Stanley
45
Morgan Stanley
New York
$8.57M +$3.28M +76,836 +67%
PPA
46
Parametric Portfolio Associates
Washington
$8.54M +$2.33M +54,616 +40%
CEP
47
Chicago Equity Partners
Illinois
$8.01M -$67.6K -1,585 -0.9%
KCM
48
Kennedy Capital Management
Missouri
$7.99M -$692K -16,218 -8%
AllianceBernstein
49
AllianceBernstein
Tennessee
$7.64M +$708K +16,600 +11%
Renaissance Technologies
50
Renaissance Technologies
New York
$7.52M +$1.3M +30,470 +22%
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NTB Hedge Fund Activity: Q1 2018 in Review

158 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q1 2018, worth a combined $1.78B — up 22% from $1.46B a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new NTB positions and 10 closed out — a net gain of 27 holders — while 45 added to existing stakes and 62 trimmed.

The largest buyer was Davis Selected Advisers, opening a new position worth an estimated $100M. The largest seller was T. Rowe Price Associates, cutting an estimated $43.7M.

  • 158 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q1 2018, up from 133 in Q4 2017.
  • Funds reported $1.78B of Bank of N.T. Butterfield & Son stock for Q1 2018, up 22% quarter-over-quarter.
  • 37 funds opened new Bank of N.T. Butterfield & Son positions in Q1 2018 and 10 closed out, a net change of +27 holders.
  • The largest Bank of N.T. Butterfield & Son buyer in Q1 2018 was Davis Selected Advisers, an estimated $100M added.
  • The largest Bank of N.T. Butterfield & Son seller in Q1 2018 was T. Rowe Price Associates, an estimated $43.7M sold.

Based on aggregated 13F filings for Q1 2018.