Bank of N.T. Butterfield & Son
160 hedge funds and large institutions have $1.17B invested in Bank of N.T. Butterfield & Son in 2022 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 43 increasing their positions, 59 reducing their positions, and 8 closing their positions.
213% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 8
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
10% more funds holding
Funds holding: 145 → 160 (+15)
0.46% less ownership
Funds ownership: 69.54% → 69.08% (-0.46%)
11% less capital invested
Capital invested by funds: $1.32B → $1.17B (-$151M)
27% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 59
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $391K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$16M |
| 2 |
GPGA
Grandeur Peak Global Advisors
Salt Lake City,
Utah
|
+$8.15M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
+$6.5M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$6.22M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$3.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$30.2M |
| 2 |
RA
Rovida Advisors
Fort Lauderdale,
Florida
|
-$8.02M |
| 3 |
ACL
Azora Capital LP
Miami,
Florida
|
-$7.99M |
| 4 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$6.99M |
| 5 |
Capital World Investors
Los Angeles,
California
|
-$5.73M |
NTB Hedge Fund Activity: Q1 2022 in Review
160 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q1 2022, worth a combined $1.17B — down 11% from $1.32B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new NTB positions and 8 closed out — a net gain of 17 holders — while 43 added to existing stakes and 59 trimmed.
The largest buyer was Philadelphia Financial Management of San Francisco, opening a new position worth an estimated $16M. The largest seller was Royal Bank of Canada, cutting an estimated $30.2M.
- 160 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q1 2022, up from 145 in Q4 2021.
- Funds reported $1.17B of Bank of N.T. Butterfield & Son stock for Q1 2022, down 11% quarter-over-quarter.
- 25 funds opened new Bank of N.T. Butterfield & Son positions in Q1 2022 and 8 closed out, a net change of +17 holders.
- The largest Bank of N.T. Butterfield & Son buyer in Q1 2022 was Philadelphia Financial Management of San Francisco, an estimated $16M added.
- The largest Bank of N.T. Butterfield & Son seller in Q1 2022 was Royal Bank of Canada, an estimated $30.2M sold.
Based on aggregated 13F filings for Q1 2022.