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Bank of N.T. Butterfield & Son
NTB

120 hedge funds and large institutions have $1.31B invested in Bank of N.T. Butterfield & Son in 2017 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 57 increasing their positions, 22 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

159% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 22

21% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 19

16% more capital invested

Capital invested by funds: $1.13B → $1.31B (+$182M)

6.54% more ownership

Funds ownership: 64.5% → 71.04% (+6.5%)

2% more funds holding

Funds holding: 118 → 120 (+2)

30% less funds holding in top 10

Funds holding in top 10: 10 → 7 (-3)

Holders
120
Holders Change
+2
Holders Change %
+1.69%
% of All Funds
2.99%
Holding in Top 10
7
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-30%
% of All Funds
0.17%
New
23
Increased
57
Reduced
22
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$56.5M
2
State Street
State Street
Massachusetts
+$22.1M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$14.8M
4
Westfield Capital Management
Westfield Capital Management
Massachusetts
+$13.6M
5
MWNA
Marshall Wace North America
New York
+$13.3M

Top Sellers

Rank Fund Capital Flow
1
KSCM
King Street Capital Management
New York
-$39.4M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$38.3M
3
OW
Orbis World
British Virgin Islands
-$16M
4
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$8.49M
5
Citadel Advisors
Citadel Advisors
Florida
-$7.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
PP
51
Prospector Partners
Connecticut
$4.48M – – –
HHC
52
Hutchin Hill Capital
New York
$4.43M +$4.33M +130,000 New
CEP
53
Chicago Equity Partners
Illinois
$4.05M +$3.96M +118,860 New
Geode Capital Management
54
Geode Capital Management
Massachusetts
$3.64M +$2.17M +65,066 +156%
MAM
55
Martingale Asset Management
Massachusetts
$3.5M -$10K -300 -0.3%
California State Teachers Retirement System (CalSTRS)
56
California State Teachers Retirement System (CalSTRS)
California
$3.25M +$2.36M +70,900 +291%
Bank of America
57
Bank of America
North Carolina
$3.16M -$255K -7,657 -8%
SSA
58
Schonfeld Strategic Advisors
New York
$3.16M -$7.18M -215,369 -70%
D.E. Shaw & Co
59
D.E. Shaw & Co
New York
$2.97M +$1.47M +44,234 +103%
SEI Investments
60
SEI Investments
Pennsylvania
$2.94M +$298K +8,930 +12%
PA
61
Pinnacle Associates
New York
$2.85M +$2.79M +83,650 New
MIM
62
Monashee Investment Management
Massachusetts
$2.85M +$2.79M +83,614 New
TM
63
Tiger Management
New York
$2.82M – – –
AllianceBernstein
64
AllianceBernstein
Tennessee
$2.54M +$1.98M +59,400 +396%
BCM
65
BlueMar Capital Management
Florida
$2.46M – – –
TIM
66
Thornburg Investment Management
New Mexico
$2.26M -$477K -14,331 -18%
RhumbLine Advisers
67
RhumbLine Advisers
Massachusetts
$2.01M +$1.55M +46,428 +371%
New York State Common Retirement Fund
68
New York State Common Retirement Fund
New York
$1.96M +$1.74M +52,199 +985%
IP
69
Interval Partners
New York
$1.83M +$122K +3,674 +7%
Adage Capital Partners
70
Adage Capital Partners
Massachusetts
$1.71M – – –
NFA
71
Nationwide Fund Advisors
Ohio
$1.57M +$779K +23,370 +103%
SGA
72
Strategic Global Advisors
California
$1.35M +$1.32M +39,580 New
Manulife (Manufacturers Life Insurance)
73
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.32M +$1M +30,055 +350%
Russell Investments Group
74
Russell Investments Group
United Kingdom
$1.15M +$1.12M +33,761 New
BIM
75
Bogle Investment Management
Massachusetts
$1.14M +$349K +10,487 +46%
1 2
3
4 5

NTB Hedge Fund Activity: Q2 2017 in Review

120 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q2 2017, worth a combined $1.31B — up 16% from $1.13B a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new NTB positions and 19 closed out — a net gain of 4 holders — while 57 added to existing stakes and 22 trimmed.

The largest buyer was BlackRock, adding an estimated $56.5M. The largest seller was King Street Capital Management, cutting an estimated $39.4M.

  • 120 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q2 2017, up from 118 in Q1 2017.
  • Funds reported $1.31B of Bank of N.T. Butterfield & Son stock for Q2 2017, up 16% quarter-over-quarter.
  • 23 funds opened new Bank of N.T. Butterfield & Son positions in Q2 2017 and 19 closed out, a net change of +4 holders.
  • The largest Bank of N.T. Butterfield & Son buyer in Q2 2017 was BlackRock, an estimated $56.5M added.
  • The largest Bank of N.T. Butterfield & Son seller in Q2 2017 was King Street Capital Management, an estimated $39.4M sold.

Based on aggregated 13F filings for Q2 2017.