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Bank of N.T. Butterfield & Son
NTB

162 hedge funds and large institutions have $947M invested in Bank of N.T. Butterfield & Son in 2024 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 51 increasing their positions, 64 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

15% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 20

1% more funds holding

Funds holding: 161 → 162 (+1)

2.87% less ownership

Funds ownership: 65.25% → 62.38% (-2.9%)

7% less capital invested

Capital invested by funds: $1.02B → $947M (-$69.6M)

20% less repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 64

38% less call options, than puts

Call options by funds: $1.8M | Put options by funds: $2.92M

Holders
162
Holders Change
+1
Holders Change %
+0.62%
% of All Funds
2.33%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
23
Increased
51
Reduced
64
Closed
20
Calls
$1.8M
Puts
$2.92M
Net Calls
-$1.12M
Net Calls Change
-$1.83M

Top Buyers

Rank Fund Capital Flow
1
American Century Companies
American Century Companies
Missouri
+$9M
2
Victory Capital Management
Victory Capital Management
Texas
+$4.2M
3
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
+$4.02M
4
Franklin Resources
Franklin Resources
California
+$3.58M
5
BCM
Bridgeway Capital Management
Texas
+$3.52M

Top Sellers

Rank Fund Capital Flow
1
VNIM
Vaughan Nelson Investment Management
Texas
-$21.3M
2
DSA
Davis Selected Advisers
Arizona
-$19.5M
3
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$17.9M
4
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
-$13.8M
5
Morgan Stanley
Morgan Stanley
New York
-$8.83M
Name Holding Trade Value Shares
Change 		Change in
Stake
GPGA
26
Grandeur Peak Global Advisors
Utah
$7.51M -$1.93M -63,419 -21%
CRC
27
Curi RMB Capital
Illinois
$6.53M -$638K -20,978 -9%
MCA
28
Mendon Capital Advisors
Florida
$6.53M -$638K -20,978 -9%
BCM
29
Bridgeway Capital Management
Texas
$5.5M +$3.52M +115,733 +206%
Goldman Sachs
30
Goldman Sachs
New York
$5.44M +$676K +22,249 +15%
HA
31
Harbor Advisors
Florida
$5.29M – – –
SGA
32
Strategic Global Advisors
California
$5.06M -$152K -4,991 -3%
Bank of New York Mellon
33
Bank of New York Mellon
New York
$5.05M -$450K -14,798 -8%
Assenagon Asset Management
34
Assenagon Asset Management
Luxembourg
$4.89M +$4.02M +132,107 +635%
DA
35
Denali Advisors
California
$4.39M -$562K -18,490 -12%
LSV Asset Management
36
LSV Asset Management
Illinois
$3.93M -$228K -7,500 -6%
Envestnet Asset Management
37
Envestnet Asset Management
Illinois
$3.86M -$927K -30,486 -20%
Franklin Resources
38
Franklin Resources
California
$3.76M +$3.58M +117,613 New
Tudor Investment Corp
39
Tudor Investment Corp
Connecticut
$3.66M +$339K +11,154 +11%
Allspring Global Investments
40
Allspring Global Investments
North Carolina
$3.52M -$4.77K -157 -0.1%
Bank of America
41
Bank of America
North Carolina
$3.38M -$129K -4,240 -4%
GC
42
Globeflex Capital
California
$3.36M – – –
SFM
43
Soros Fund Management
New York
$3.23M – – –
UM
44
Ulysses Management
New York
$3.2M +$608K +20,000 +25%
RhumbLine Advisers
45
RhumbLine Advisers
Massachusetts
$3.08M +$89.6K +2,948 +3%
PP
46
Prospector Partners
Connecticut
$3.06M +$2.91M +95,675 New
SI
47
Sapience Investments
California
$3M -$1.52M -49,860 -35%
EF
48
Empowered Funds
Pennsylvania
$2.91M +$2.76M +90,823 New
CSS
49
Cubist Systematic Strategies
Connecticut
$2.81M -$907K -29,826 -25%
AC
50
Amitell Capital
Singapore
$2.67M – – –
1
2
3 4 5

NTB Hedge Fund Activity: Q1 2024 in Review

162 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q1 2024, worth a combined $947M — down 6.9% from $1.02B a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new NTB positions and 20 closed out — a net gain of 3 holders — while 51 added to existing stakes and 64 trimmed.

The largest buyer was American Century Companies, adding an estimated $9M. The largest seller was Vaughan Nelson Investment Management, exiting entirely with an estimated $21.3M sold.

  • 162 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q1 2024, up from 161 in Q4 2023.
  • Funds reported $947M of Bank of N.T. Butterfield & Son stock for Q1 2024, down 6.9% quarter-over-quarter.
  • 23 funds opened new Bank of N.T. Butterfield & Son positions in Q1 2024 and 20 closed out, a net change of +3 holders.
  • The largest Bank of N.T. Butterfield & Son buyer in Q1 2024 was American Century Companies, an estimated $9M added.
  • The largest Bank of N.T. Butterfield & Son seller in Q1 2024 was Vaughan Nelson Investment Management, an estimated $21.3M sold.

Based on aggregated 13F filings for Q1 2024.