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Bank of N.T. Butterfield & Son
NTB

145 hedge funds and large institutions have $875M invested in Bank of N.T. Butterfield & Son in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 56 increasing their positions, 57 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.53% less ownership

Funds ownership: 65.41% → 64.88% (-0.53%)

2% less repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 57

3% less capital invested

Capital invested by funds: $899M → $875M (-$24.3M)

9% less call options, than puts

Call options by funds: $725K | Put options by funds: $796K

3% less funds holding

Funds holding: 150 → 145 (-5)

25% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 16

Holders
145
Holders Change
-5
Holders Change %
-3.33%
% of All Funds
2.3%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
12
Increased
56
Reduced
57
Closed
16
Calls
$725K
Puts
$796K
Net Calls
-$71K
Net Calls Change
-$337K

Top Buyers

Rank Fund Capital Flow
1
N
Nuveen
North Carolina
+$7.22M
2
Adage Capital Partners
Adage Capital Partners
Massachusetts
+$5.3M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$4.06M
4
RC
Roubaix Capital
Colorado
+$3.31M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$3.17M

Top Sellers

Rank Fund Capital Flow
1
RA
Royce & Associates
New York
-$8.78M
2
Goldman Sachs
Goldman Sachs
New York
-$6.12M
3
Citadel Advisors
Citadel Advisors
Florida
-$5.69M
4
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
-$4.01M
5
BFM
Boothbay Fund Management
New York
-$3.96M
Name Holding Trade Value Shares
Change 		Change in
Stake
Victory Capital Management
26
Victory Capital Management
Texas
$7.21M -$191K -6,554 -2%
Morgan Stanley
27
Morgan Stanley
New York
$6.7M -$651K -22,384 -8%
Bank of New York Mellon
28
Bank of New York Mellon
New York
$5.32M -$93.2K -3,203 -2%
SGA
29
Strategic Global Advisors
California
$4.64M -$607K -20,872 -11%
Citadel Advisors
30
Citadel Advisors
Florida
$4.57M -$5.69M -195,330 -54%
HA
31
Harbor Advisors
Florida
$4.48M -$145K -4,999 -3%
Millennium Management
32
Millennium Management
New York
$4.47M -$3.69M -126,905 -43%
Envestnet Asset Management
33
Envestnet Asset Management
Illinois
$4.24M +$1.45M +49,913 +47%
DA
34
Denali Advisors
California
$4.05M +$26.8K +921 +0.6%
HCM
35
Hahn Capital Management
California
$4M -$760K -26,122 -15%
LSV Asset Management
36
LSV Asset Management
Illinois
$3.88M – – –
Two Sigma Advisers
37
Two Sigma Advisers
New York
$3.66M -$306K -10,500 -7%
PI
38
Putnam Investments
Massachusetts
$3.44M -$968K -33,270 -21%
RC
39
Roubaix Capital
Colorado
$3.08M +$3.31M +113,721 New
CSS
40
Cubist Systematic Strategies
Connecticut
$3M -$336K -11,546 -9%
Allspring Global Investments
41
Allspring Global Investments
North Carolina
$2.86M -$78.6K -2,701 -2%
GC
42
Globeflex Capital
California
$2.84M -$516K -17,732 -14%
Two Sigma Investments
43
Two Sigma Investments
New York
$2.83M -$171K -5,867 -5%
SFM
44
Soros Fund Management
New York
$2.74M +$2.94M +101,000 New
RhumbLine Advisers
45
RhumbLine Advisers
Massachusetts
$2.56M +$492K +16,903 +22%
Bank of America
46
Bank of America
North Carolina
$2.51M +$372K +12,798 +16%
New York State Common Retirement Fund
47
New York State Common Retirement Fund
New York
$2.15M +$27.1K +931 +1%
D.E. Shaw & Co
48
D.E. Shaw & Co
New York
$2.07M -$549K -18,879 -20%
Massachusetts Financial Services
49
Massachusetts Financial Services
Massachusetts
$1.95M +$2.1M +72,087 New
UM
50
Ulysses Management
New York
$1.9M +$291K +10,000 +17%
1
2
3 4 5

NTB Hedge Fund Activity: Q3 2023 in Review

145 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q3 2023, worth a combined $875M — down 2.7% from $899M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of NTB and 12 opened new positions — a net loss of 4 holders — while 57 trimmed existing stakes and 56 added.

The largest buyer was Nuveen, adding an estimated $7.22M. The largest seller was Royce & Associates, cutting an estimated $8.78M.

  • 145 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q3 2023, down from 150 in Q2 2023.
  • Funds reported $875M of Bank of N.T. Butterfield & Son stock for Q3 2023, down 2.7% quarter-over-quarter.
  • 12 funds opened new Bank of N.T. Butterfield & Son positions in Q3 2023 and 16 closed out, a net change of -4 holders.
  • The largest Bank of N.T. Butterfield & Son buyer in Q3 2023 was Nuveen, an estimated $7.22M added.
  • The largest Bank of N.T. Butterfield & Son seller in Q3 2023 was Royce & Associates, an estimated $8.78M sold.

Based on aggregated 13F filings for Q3 2023.