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Bank of N.T. Butterfield & Son
NTB

129 hedge funds and large institutions have $866M invested in Bank of N.T. Butterfield & Son in 2020 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 38 increasing their positions, 51 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

34% more capital invested

Capital invested by funds: $647M → $866M (+$220M)

0.44% less ownership

Funds ownership: 69.85% → 69.41% (-0.44%)

4% less funds holding

Funds holding: 135 → 129 (-6)

20% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 25

25% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 51

Holders
129
Holders Change
-6
Holders Change %
-4.44%
% of All Funds
2.65%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.08%
New
20
Increased
38
Reduced
51
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$24.7M
2
DSA
Davis Selected Advisers
Arizona
+$5.88M
3
Macquarie Group
Macquarie Group
Australia
+$5.81M
4
Ameriprise
Ameriprise
Minnesota
+$4.65M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$2.72M

Top Sellers

Rank Fund Capital Flow
1
SCA
Southpoint Capital Advisors
New York
-$18.9M
2
NIMC
NWQ Investment Management Company
California
-$8.57M
3
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
-$7.41M
4
Victory Capital Management
Victory Capital Management
Texas
-$4.55M
5
RJA
Raymond James & Associates
Florida
-$4.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
Manulife (Manufacturers Life Insurance)
76
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$713K -$77.6K -3,559 -11%
TM
77
Tiger Management
New York
$702K – – –
PC
78
Polar Capital
United Kingdom
$687K -$39.9K -1,830 -6%
Morgan Stanley
79
Morgan Stanley
New York
$658K +$134K +6,152 +30%
Truist Financial
80
Truist Financial
North Carolina
$632K +$12.4K +570 +2%
Citigroup
81
Citigroup
New York
$566K +$159K +7,279 +45%
MIM
82
MetLife Investment Management
New Jersey
$565K – – –
State Board of Administration of Florida Retirement System
83
State Board of Administration of Florida Retirement System
Florida
$492K – – –
MLICM
84
Metropolitan Life Insurance Company (MetLife)
New York
$424K – – –
UBS Group
85
UBS Group
Switzerland
$424K -$292K -13,398 -44%
Federated Hermes
86
Federated Hermes
Pennsylvania
$388K -$1.97M -90,449 -85%
Voloridge Investment Management
87
Voloridge Investment Management
Florida
$346K -$291K -13,331 -48%
CS
88
Credit Suisse
Switzerland
$342K +$28.1K +1,289 +10%
SFM
89
Systematic Financial Management
New Jersey
$329K -$6.21K -285 -2%
Qube Research & Technologies (QRT)
90
Qube Research & Technologies (QRT)
United Kingdom
$326K +$292K +13,378 New
Bank of Montreal
91
Bank of Montreal
Ontario, Canada
$318K +$91.6K +4,199 +43%
PP
92
Paloma Partners
Connecticut
$314K +$280K +12,859 New
HF
93
HRT Financial
New York
$313K +$280K +12,850 New
AA
94
ALPS Advisors
Colorado
$258K -$25.6K -1,176 -10%
Millennium Management
95
Millennium Management
New York
$258K +$231K +10,577 New
TI
96
Trexquant Investment
Connecticut
$258K +$231K +10,589 New
TRCT
97
Tower Research Capital (TRC)
New York
$243K +$218K +9,983 New
Osaic Holdings
98
Osaic Holdings
Arizona
$242K -$72.4K -3,322 -25%
PWPS
99
Pinnacle Wealth Planning Services
Ohio
$233K +$208K +9,533 New
Allianz Asset Management
100
Allianz Asset Management
Germany
$223K +$202K +9,276 New
2 3
4
5 6

NTB Hedge Fund Activity: Q2 2020 in Review

129 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q2 2020, worth a combined $866M — up 34% from $647M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of NTB and 20 opened new positions — a net loss of 5 holders — while 51 trimmed existing stakes and 38 added.

The largest buyer was Fidelity Investments, adding an estimated $24.7M. The largest seller was Southpoint Capital Advisors, exiting entirely with an estimated $18.9M sold.

  • 129 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q2 2020, down from 135 in Q1 2020.
  • Funds reported $866M of Bank of N.T. Butterfield & Son stock for Q2 2020, up 34% quarter-over-quarter.
  • 20 funds opened new Bank of N.T. Butterfield & Son positions in Q2 2020 and 25 closed out, a net change of -5 holders.
  • The largest Bank of N.T. Butterfield & Son buyer in Q2 2020 was Fidelity Investments, an estimated $24.7M added.
  • The largest Bank of N.T. Butterfield & Son seller in Q2 2020 was Southpoint Capital Advisors, an estimated $18.9M sold.

Based on aggregated 13F filings for Q2 2020.