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Bank of N.T. Butterfield & Son
NTB

129 hedge funds and large institutions have $866M invested in Bank of N.T. Butterfield & Son in 2020 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 38 increasing their positions, 51 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

34% more capital invested

Capital invested by funds: $647M → $866M (+$220M)

0.44% less ownership

Funds ownership: 69.85% → 69.41% (-0.44%)

4% less funds holding

Funds holding: 135 → 129 (-6)

20% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 25

25% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 51

Holders
129
Holders Change
-6
Holders Change %
-4.44%
% of All Funds
2.65%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.08%
New
20
Increased
38
Reduced
51
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$24.7M
2
DSA
Davis Selected Advisers
Arizona
+$5.88M
3
Macquarie Group
Macquarie Group
Australia
+$5.81M
4
Ameriprise
Ameriprise
Minnesota
+$4.65M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$2.72M

Top Sellers

Rank Fund Capital Flow
1
SCA
Southpoint Capital Advisors
New York
-$18.9M
2
NIMC
NWQ Investment Management Company
California
-$8.57M
3
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
-$7.41M
4
Victory Capital Management
Victory Capital Management
Texas
-$4.55M
5
RJA
Raymond James & Associates
Florida
-$4.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
26
JP Morgan Chase
New York
$10M -$1.19M -54,426 -12%
Geode Capital Management
27
Geode Capital Management
Massachusetts
$8.23M +$333K +15,249 +5%
KTA
28
Keeley-Teton Advisors
Illinois
$6.22M -$240K -11,001 -4%
PPA
29
Parametric Portfolio Associates
Washington
$6.21M +$1.9M +87,259 +52%
Ameriprise
30
Ameriprise
Minnesota
$5.71M +$4.65M +213,048 +1,003%
SGA
31
Strategic Global Advisors
California
$5.5M -$895K -41,039 -15%
Charles Schwab
32
Charles Schwab
California
$5.35M -$240K -11,013 -5%
Two Sigma Advisers
33
Two Sigma Advisers
New York
$5.33M -$430K -19,700 -8%
D.E. Shaw & Co
34
D.E. Shaw & Co
New York
$5.18M -$295K -13,523 -6%
HA
35
Harbor Advisors
Florida
$4.69M – – –
State of Wisconsin Investment Board
36
State of Wisconsin Investment Board
Wisconsin
$4.59M +$473K +21,700 +13%
Man Group
37
Man Group
United Kingdom
$4.27M +$2.04M +93,354 +114%
Bank of New York Mellon
38
Bank of New York Mellon
New York
$4.11M +$135K +6,181 +4%
AllianceBernstein
39
AllianceBernstein
Tennessee
$4.04M – – –
Victory Capital Management
40
Victory Capital Management
Texas
$3.98M -$4.55M -208,450 -56%
LSV Asset Management
41
LSV Asset Management
Illinois
$3.78M – – –
Goldman Sachs
42
Goldman Sachs
New York
$2.98M +$156K +7,137 +6%
California Public Employees Retirement System
43
California Public Employees Retirement System
California
$2.81M -$69K -3,163 -3%
BCM
44
Bridgeway Capital Management
Texas
$2.73M +$2.44M +112,000 New
GC
45
Globeflex Capital
California
$2.72M -$246K -11,266 -9%
Bank of America
46
Bank of America
North Carolina
$2.69M +$599K +27,461 +33%
New York State Common Retirement Fund
47
New York State Common Retirement Fund
New York
$2.62M -$2.18K -100 -0.1%
QI
48
QS Investors
New York
$2.38M – – –
RhumbLine Advisers
49
RhumbLine Advisers
Massachusetts
$2.3M +$106K +4,845 +5%
PP
50
Prospector Partners
Connecticut
$2.06M +$397K +18,200 +27%
1
2
3 4 5

NTB Hedge Fund Activity: Q2 2020 in Review

129 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q2 2020, worth a combined $866M — up 34% from $647M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of NTB and 20 opened new positions — a net loss of 5 holders — while 51 trimmed existing stakes and 38 added.

The largest buyer was Fidelity Investments, adding an estimated $24.7M. The largest seller was Southpoint Capital Advisors, exiting entirely with an estimated $18.9M sold.

  • 129 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q2 2020, down from 135 in Q1 2020.
  • Funds reported $866M of Bank of N.T. Butterfield & Son stock for Q2 2020, up 34% quarter-over-quarter.
  • 20 funds opened new Bank of N.T. Butterfield & Son positions in Q2 2020 and 25 closed out, a net change of -5 holders.
  • The largest Bank of N.T. Butterfield & Son buyer in Q2 2020 was Fidelity Investments, an estimated $24.7M added.
  • The largest Bank of N.T. Butterfield & Son seller in Q2 2020 was Southpoint Capital Advisors, an estimated $18.9M sold.

Based on aggregated 13F filings for Q2 2020.