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Bank of N.T. Butterfield & Son
NTB

150 hedge funds and large institutions have $1.43B invested in Bank of N.T. Butterfield & Son in 2019 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 64 increasing their positions, 44 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

45% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 44

9% more capital invested

Capital invested by funds: $1.31B → $1.43B (+$115M)

3.77% less ownership

Funds ownership: 75.75% → 71.98% (-3.8%)

7% less funds holding

Funds holding: 161 → 150 (-11)

33% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 24

Holders
150
Holders Change
-11
Holders Change %
-6.83%
% of All Funds
3.25%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.13%
New
16
Increased
64
Reduced
44
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$15.8M
2
RJA
Raymond James & Associates
Florida
+$13.2M
3
SGA
Strategic Global Advisors
California
+$5.19M
4
DSA
Davis Selected Advisers
Arizona
+$4.26M
5
Ameriprise
Ameriprise
Minnesota
+$4.11M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$35.9M
2
VNIM
Vaughan Nelson Investment Management
Texas
-$27M
3
JP Morgan Chase
JP Morgan Chase
New York
-$26.8M
4
Capital International Investors
Capital International Investors
California
-$13.5M
5
Morgan Stanley
Morgan Stanley
New York
-$4.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$17.4M +$3.16M +88,078 +22%
KTA
27
Keeley-Teton Advisors
Illinois
$16.6M -$1.19M -33,098 -7%
SI
28
Sapience Investments
California
$13.8M +$1.86M +51,690 +16%
Jacobs Levy Equity Management
29
Jacobs Levy Equity Management
New Jersey
$13.5M +$2.94M +81,720 +28%
Two Sigma Advisers
30
Two Sigma Advisers
New York
$12.7M +$636K +17,700 +5%
Ameriprise
31
Ameriprise
Minnesota
$12.6M +$4.11M +114,322 +48%
American Century Companies
32
American Century Companies
Missouri
$12M +$530K +14,758 +5%
RA
33
Royce & Associates
New York
$11.4M +$27.3K +759 +0.2%
Bank of America
34
Bank of America
North Carolina
$9.77M -$3.67M -102,046 -27%
EMFAT
35
Emerald Mutual Fund Advisers Trust
Pennsylvania
$9.54M -$337K -9,389 -3%
Two Sigma Investments
36
Two Sigma Investments
New York
$8.31M -$1.18M -32,780 -12%
SGA
37
Strategic Global Advisors
California
$8.19M +$5.19M +144,581 +173%
Geode Capital Management
38
Geode Capital Management
Massachusetts
$7.92M +$1.12M +31,224 +16%
D.E. Shaw & Co
39
D.E. Shaw & Co
New York
$7.35M +$481K +13,381 +7%
Allianz Asset Management
40
Allianz Asset Management
Germany
$7.11M -$4.12M -114,591 -35%
Bank of New York Mellon
41
Bank of New York Mellon
New York
$7.06M -$170K -4,729 -2%
Marshall Wace
42
Marshall Wace
United Kingdom
$6.98M -$2.27M -63,309 -25%
HA
43
Harbor Advisors
Florida
$6.9M – – –
Prudential Financial
44
Prudential Financial
New Jersey
$6.52M -$1.56M -43,468 -19%
Charles Schwab
45
Charles Schwab
California
$6.45M +$659K +18,359 +11%
GC
46
Globeflex Capital
California
$6.11M +$1.07M +29,678 +21%
AllianceBernstein
47
AllianceBernstein
Tennessee
$5.99M +$147K +4,100 +3%
PC
48
Polar Capital
United Kingdom
$5.8M +$64.5K +1,797 +1%
PPA
49
Parametric Portfolio Associates
Washington
$5.65M +$216K +6,026 +4%
State of Wisconsin Investment Board
50
State of Wisconsin Investment Board
Wisconsin
$5.63M +$1.29M +36,000 +30%
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NTB Hedge Fund Activity: Q1 2019 in Review

150 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q1 2019, worth a combined $1.43B — up 8.7% from $1.31B a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of NTB and 16 opened new positions — a net loss of 8 holders — while 44 trimmed existing stakes and 64 added.

The largest buyer was Hotchkis & Wiley Capital Management, adding an estimated $15.8M. The largest seller was Wellington Management Group, cutting an estimated $35.9M.

  • 150 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q1 2019, down from 161 in Q4 2018.
  • Funds reported $1.43B of Bank of N.T. Butterfield & Son stock for Q1 2019, up 8.7% quarter-over-quarter.
  • 16 funds opened new Bank of N.T. Butterfield & Son positions in Q1 2019 and 24 closed out, a net change of -8 holders.
  • The largest Bank of N.T. Butterfield & Son buyer in Q1 2019 was Hotchkis & Wiley Capital Management, an estimated $15.8M added.
  • The largest Bank of N.T. Butterfield & Son seller in Q1 2019 was Wellington Management Group, an estimated $35.9M sold.

Based on aggregated 13F filings for Q1 2019.