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Bank of N.T. Butterfield & Son
NTB

76 hedge funds and large institutions have $1.04B invested in Bank of N.T. Butterfield & Son in 2016 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

192% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 13

49% more capital invested

Capital invested by funds: $697M → $1.04B (+$344M)

46% more funds holding

Funds holding: 52 → 76 (+24)

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

11.06% more ownership

Funds ownership: 51.17% → 62.23% (+11%)

29% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 17

Holders
76
Holders Change
+24
Holders Change %
+46.15%
% of All Funds
1.9%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.15%
New
38
Increased
12
Reduced
17
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
NIMC
NWQ Investment Management Company
California
+$36.5M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$36.2M
3
HCM
Hilton Capital Management
New York
+$12.8M
4
BFA
BlackRock Fund Advisors
California
+$10.4M
5
Wells Fargo
Wells Fargo
California
+$9.97M

Top Sellers

Rank Fund Capital Flow
1
Norges Bank
Norges Bank
Norway
-$9.46M
2
GC
Gratia Capital
California
-$9.41M
3
SSA
Schonfeld Strategic Advisors
New York
-$8.31M
4
Millennium Management
Millennium Management
New York
-$6.76M
5
Goldman Sachs
Goldman Sachs
New York
-$6.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Geode Capital Management
51
Geode Capital Management
Massachusetts
$671K +$599K +21,373 New
TAM
52
THB Asset Management
Connecticut
$632K – – –
JP Morgan Chase
53
JP Morgan Chase
New York
$585K +$522K +18,610 New
PRCM
54
Pine River Capital Management
Minnesota
$516K -$1.22M -43,600 -73%
TA
55
Teachers Advisors
New York
$431K +$384K +13,704 New
Bessemer Group
56
Bessemer Group
New Jersey
$428K +$381K +13,600 New
Citigroup
57
Citigroup
New York
$423K +$380K +13,542 New
EMG
58
Ellington Management Group
Connecticut
$299K +$266K +9,500 New
Walleye Trading
59
Walleye Trading
New York
$268K -$177K -6,301 -42%
CS
60
Credit Suisse
Switzerland
$253K +$225K +8,030 New
Deutsche Bank
61
Deutsche Bank
Germany
$234K +$210K +7,498 New
SBH
62
Segall Bryant & Hamill
Illinois
$230K +$205K +7,312 New
CSS
63
Cubist Systematic Strategies
Connecticut
$228K +$189K +6,738 +1,301%
RA
64
Raffles Associates
New York
$220K -$84.1K -3,000 -30%
FIB
65
First Interstate Bank
Montana
$201K +$179K +6,385 New
Manulife (Manufacturers Life Insurance)
66
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$173K +$154K +5,484 New
NFA
67
Nationwide Fund Advisors
Ohio
$158K +$141K +5,025 New
BA
68
BlackRock Advisors
Delaware
$136K +$121K +4,316 New
SO
69
STRS Ohio
Ohio
$122K +$109K +3,900 New
Legal & General Group
70
Legal & General Group
United Kingdom
$104K +$92.8K +3,308 New
UBS Group
71
UBS Group
Switzerland
$73K +$8.3K +296 +15%
BlackRock
72
BlackRock
New York
$68K +$60.9K +2,172 New
Royal Bank of Canada
73
Royal Bank of Canada
Ontario, Canada
$24K +$21.8K +779 New
BNP Paribas Financial Markets
74
BNP Paribas Financial Markets
France
$21.7K +$19.3K +689 New
CCA
75
Catalyst Capital Advisors
New York
$6K – – –
1 2
3
4

NTB Hedge Fund Activity: Q4 2016 in Review

76 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q4 2016, worth a combined $1.04B — up 49% from $697M a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new NTB positions and 13 closed out — a net gain of 25 holders — while 12 added to existing stakes and 17 trimmed.

The largest buyer was NWQ Investment Management Company, adding an estimated $36.5M. The largest seller was Norges Bank, exiting entirely with an estimated $9.46M sold.

  • 76 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q4 2016, up from 52 in Q3 2016.
  • Funds reported $1.04B of Bank of N.T. Butterfield & Son stock for Q4 2016, up 49% quarter-over-quarter.
  • 38 funds opened new Bank of N.T. Butterfield & Son positions in Q4 2016 and 13 closed out, a net change of +25 holders.
  • The largest Bank of N.T. Butterfield & Son buyer in Q4 2016 was NWQ Investment Management Company, an estimated $36.5M added.
  • The largest Bank of N.T. Butterfield & Son seller in Q4 2016 was Norges Bank, an estimated $9.46M sold.

Based on aggregated 13F filings for Q4 2016.