Bank of N.T. Butterfield & Son
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
+$36.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$36.2M |
| 3 |
HCM
Hilton Capital Management
Garden City,
New York
|
+$12.8M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$10.4M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$9.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$9.46M |
| 2 |
GC
Gratia Capital
Los Angeles,
California
|
-$9.41M |
| 3 |
SSA
Schonfeld Strategic Advisors
New York
|
-$8.31M |
| 4 |
Millennium Management
New York
|
-$6.76M |
| 5 |
Goldman Sachs
New York
|
-$6.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
76
Tower Research Capital (TRC)
New York
| $2K | -$11.6K | -412 | -84% |
|
|
77
Norges Bank
Oslo,
Norway
| – | -$9.46M | -400,000 | Closed |
|
|
GC
78
Gratia Capital
Los Angeles,
California
| – | -$9.41M | -380,240 | Closed |
|
|
SSA
79
Schonfeld Strategic Advisors
New York
| – | -$8.31M | -335,525 | Closed |
|
|
WAM
80
Weiss Asset Management
Boston,
Massachusetts
| – | -$5.21M | -217,200 | Closed |
|
|
AG
81
Artal Group
Luxembourg
| – | -$4.95M | -200,000 | Closed |
|
82
Verition Fund Management
Greenwich,
Connecticut
| – | -$2.48M | -100,000 | Closed |
|
|
MF
83
Magnetar Financial
Evanston,
Illinois
| – | -$1.98M | -80,000 | Closed |
|
|
HI
84
HBK Investments
Dallas,
Texas
| – | -$1.73M | -70,000 | Closed |
|
|
GL
85
GLG LLC
New York
| – | -$1.62M | -65,351 | Closed |
|
86
Marshall Wace
London,
United Kingdom
| – | -$474K | -19,135 | Closed |
|
|
BRA
87
Blue Rock Advisors
Wayzata,
Minnesota
| – | -$372K | -15,011 | Closed |
|
|
PHK
88
Point72 Hong Kong
Hong Kong
| – | -$295K | -11,900 | Closed |
|
89
SG Americas Securities
New York
| – | -$247K | -9,956 | Closed |
|
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.