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Bank of N.T. Butterfield & Son
NTB

160 hedge funds and large institutions have $918M invested in Bank of N.T. Butterfield & Son in 2023 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 66 increasing their positions, 46 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

102% more call options, than puts

Call options by funds: $323K | Put options by funds: $160K

43% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 46

0.43% less ownership

Funds ownership: 68.01% → 67.58% (-0.43%)

2% less funds holding

Funds holding: 164 → 160 (-4)

7% less capital invested

Capital invested by funds: $990M → $918M (-$72M)

12% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 25

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
160
Holders Change
-4
Holders Change %
-2.44%
% of All Funds
2.55%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
22
Increased
66
Reduced
46
Closed
25
Calls
$323K
Puts
$160K
Net Calls
+$163K
Net Calls Change
-$7K

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$19.3M
2
Adage Capital Partners
Adage Capital Partners
Massachusetts
+$11.6M
3
Citadel Advisors
Citadel Advisors
Florida
+$11M
4
Goldman Sachs
Goldman Sachs
New York
+$9.06M
5
N
Nuveen
North Carolina
+$8.84M

Top Sellers

Rank Fund Capital Flow
1
GPGA
Grandeur Peak Global Advisors
Utah
-$63.6M
2
Capital World Investors
Capital World Investors
California
-$23.4M
3
MNG
Manning & Napier Group
New York
-$9.89M
4
VNIM
Vaughan Nelson Investment Management
Texas
-$4.6M
5
PCH
Polar Capital Holdings
United Kingdom
-$4.55M
Name Holding Trade Value Shares
Change 		Change in
Stake
SI
26
Sapience Investments
California
$9.06M +$118K +3,710 +1%
Morgan Stanley
27
Morgan Stanley
New York
$9.01M +$1.54M +48,100 +17%
Charles Schwab
28
Charles Schwab
California
$8.21M +$548K +17,167 +6%
CRC
29
Curi RMB Capital
Illinois
$5.4M – – –
Bank of New York Mellon
30
Bank of New York Mellon
New York
$5.31M -$176K -5,519 -3%
CSS
31
Cubist Systematic Strategies
Connecticut
$5.15M +$4.67M +146,165 +327%
HCM
32
Hahn Capital Management
California
$4.79M -$1.1M -34,315 -16%
HA
33
Harbor Advisors
Florida
$4.6M – – –
LSV Asset Management
34
LSV Asset Management
Illinois
$4.28M – – –
BFM
35
Boothbay Fund Management
New York
$3.81M +$4.5M +140,976 New
PI
36
Putnam Investments
Massachusetts
$3.51M +$77.3K +2,420 +2%
D.E. Shaw & Co
37
D.E. Shaw & Co
New York
$3.4M +$2.81M +88,065 +232%
DA
38
Denali Advisors
California
$3.22M +$38.3K +1,200 +1%
AllianceBernstein
39
AllianceBernstein
Tennessee
$3.07M – – –
GC
40
Globeflex Capital
California
$2.93M +$541K +16,946 +18%
Envestnet Asset Management
41
Envestnet Asset Management
Illinois
$2.92M +$202K +6,322 +6%
SGA
42
Strategic Global Advisors
California
$2.9M -$2.53M -79,412 -43%
Allspring Global Investments
43
Allspring Global Investments
North Carolina
$2.63M -$2.51M -78,760 -45%
KTA
44
Keeley-Teton Advisors
Illinois
$2.54M -$1.39M -43,556 -32%
Bank of America
45
Bank of America
North Carolina
$2.41M +$912K +28,568 +47%
Two Sigma Advisers
46
Two Sigma Advisers
New York
$2.3M +$594K +18,600 +28%
RhumbLine Advisers
47
RhumbLine Advisers
Massachusetts
$2.13M +$113K +3,525 +5%
New York State Common Retirement Fund
48
New York State Common Retirement Fund
New York
$1.97M -$294K -9,199 -11%
Qube Research & Technologies (QRT)
49
Qube Research & Technologies (QRT)
United Kingdom
$1.96M +$2.32M +72,746 New
Prudential Financial
50
Prudential Financial
New Jersey
$1.88M -$121K -3,777 -5%
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NTB Hedge Fund Activity: Q1 2023 in Review

160 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q1 2023, worth a combined $918M — down 7.3% from $990M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of NTB and 22 opened new positions — a net loss of 3 holders — while 46 trimmed existing stakes and 66 added.

The largest buyer was Millennium Management, adding an estimated $19.3M. The largest seller was Grandeur Peak Global Advisors, cutting an estimated $63.6M.

  • 160 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q1 2023, down from 164 in Q4 2022.
  • Funds reported $918M of Bank of N.T. Butterfield & Son stock for Q1 2023, down 7.3% quarter-over-quarter.
  • 22 funds opened new Bank of N.T. Butterfield & Son positions in Q1 2023 and 25 closed out, a net change of -3 holders.
  • The largest Bank of N.T. Butterfield & Son buyer in Q1 2023 was Millennium Management, an estimated $19.3M added.
  • The largest Bank of N.T. Butterfield & Son seller in Q1 2023 was Grandeur Peak Global Advisors, an estimated $63.6M sold.

Based on aggregated 13F filings for Q1 2023.