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Bank of N.T. Butterfield & Son
NTB

158 hedge funds and large institutions have $1.78B invested in Bank of N.T. Butterfield & Son in 2018 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 45 increasing their positions, 62 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

270% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 10

33% more funds holding in top 10

Funds holding in top 10: 6 → 8 (+2)

22% more capital invested

Capital invested by funds: $1.46B → $1.78B (+$322M)

19% more funds holding

Funds holding: 133 → 158 (+25)

1.43% less ownership

Funds ownership: 73.48% → 72.05% (-1.4%)

27% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 62

Holders
158
Holders Change
+25
Holders Change %
+18.8%
% of All Funds
3.62%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.18%
New
37
Increased
45
Reduced
62
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DSA
Davis Selected Advisers
Arizona
+$100M
2
Macquarie Group
Macquarie Group
Australia
+$13.5M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$13M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$11.4M
5
Norges Bank
Norges Bank
Norway
+$10.3M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$43.7M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$43.6M
3
NIMC
NWQ Investment Management Company
California
-$35.3M
4
Millennium Management
Millennium Management
New York
-$33.3M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$23.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
101
Weiss Asset Management
Massachusetts
$660K -$533K -12,500 -45%
DTL
102
Dynamic Technology Lab
Singapore
$640K -$721K -16,911 -54%
CSS
103
Cubist Systematic Strategies
Connecticut
$628K -$455K -10,674 -43%
State Board of Administration of Florida Retirement System
104
State Board of Administration of Florida Retirement System
Florida
$600K +$570K +13,364 New
QC
105
Quadrature Capital
United Kingdom
$528K +$501K +11,752 New
BNP Paribas Financial Markets
106
BNP Paribas Financial Markets
France
$511K +$1.71K +40 +0.4%
ARTA
107
A.R.T. Advisors
New York
$477K +$454K +10,641 New
GC
108
Globeflex Capital
California
$460K +$437K +10,241 New
AA
109
ALPS Advisors
Colorado
$459K -$165K -3,875 -27%
Principal Financial Group
110
Principal Financial Group
Iowa
$437K -$78.9K -1,851 -16%
Citigroup
111
Citigroup
New York
$424K +$160K +3,741 +64%
SBH
112
Segall Bryant & Hamill
Illinois
$421K -$181K -4,252 -31%
AIA
113
Affinity Investment Advisors
California
$420K +$399K +9,348 New
Lido Advisors
114
Lido Advisors
California
$391K +$372K +8,734 New
MIM
115
Monashee Investment Management
Massachusetts
$381K +$362K +8,500 New
Capital Fund Management (CFM)
116
Capital Fund Management (CFM)
France
$373K +$354K +8,300 New
Jane Street
117
Jane Street
New York
$372K +$354K +8,293 New
BTS
118
BB&T Securities
Virginia
$338K +$321K +7,534 New
IR
119
Invictus RG
Bermuda
$332K +$316K +7,408 New
AWA
120
Arete Wealth Advisors
Illinois
$329K -$198K -4,639 -39%
BCM
121
Bayesian Capital Management
New York
$323K +$307K +7,200 New
AB
122
Amalgamated Bank
New York
$322K -$4.52K -106 -1%
MAM
123
Meeder Asset Management
Ohio
$321K +$149K +3,490 +96%
OSAM
124
O'Shaughnessy Asset Management
Connecticut
$316K +$239K +5,599 +387%
ProShare Advisors
125
ProShare Advisors
Maryland
$309K -$47.3K -1,109 -14%
3 4
5
6 7

NTB Hedge Fund Activity: Q1 2018 in Review

158 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q1 2018, worth a combined $1.78B — up 22% from $1.46B a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new NTB positions and 10 closed out — a net gain of 27 holders — while 45 added to existing stakes and 62 trimmed.

The largest buyer was Davis Selected Advisers, opening a new position worth an estimated $100M. The largest seller was T. Rowe Price Associates, cutting an estimated $43.7M.

  • 158 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q1 2018, up from 133 in Q4 2017.
  • Funds reported $1.78B of Bank of N.T. Butterfield & Son stock for Q1 2018, up 22% quarter-over-quarter.
  • 37 funds opened new Bank of N.T. Butterfield & Son positions in Q1 2018 and 10 closed out, a net change of +27 holders.
  • The largest Bank of N.T. Butterfield & Son buyer in Q1 2018 was Davis Selected Advisers, an estimated $100M added.
  • The largest Bank of N.T. Butterfield & Son seller in Q1 2018 was T. Rowe Price Associates, an estimated $43.7M sold.

Based on aggregated 13F filings for Q1 2018.