Bank of N.T. Butterfield & Son
160 hedge funds and large institutions have $918M invested in Bank of N.T. Butterfield & Son in 2023 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 66 increasing their positions, 46 reducing their positions, and 25 closing their positions.
102% more call options, than puts
Call options by funds: $323K | Put options by funds: $160K
43% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 46
0.43% less ownership
Funds ownership: 68.01% → 67.58% (-0.43%)
2% less funds holding
Funds holding: 164 → 160 (-4)
7% less capital invested
Capital invested by funds: $990M → $918M (-$72M)
12% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 25
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$19.3M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
+$11.6M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$11M |
| 4 |
Goldman Sachs
New York
|
+$9.06M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$8.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GPGA
Grandeur Peak Global Advisors
Salt Lake City,
Utah
|
-$63.6M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$23.4M |
| 3 |
MNG
Manning & Napier Group
Fairport,
New York
|
-$9.89M |
| 4 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$4.6M |
| 5 |
PCH
Polar Capital Holdings
London,
United Kingdom
|
-$4.55M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AI
176
AXS Investments
Port Chester,
New York
| – | -$66.6K | -2,234 | Closed |
|
|
SOW
177
State of Wyoming
Cheyenne,
Wyoming
| – | -$25.2K | -847 | Closed |
|
|
CS
178
Comerica Securities
Detroit,
Michigan
| – | -$16.9K | -568 | Closed |
|
179
Rockefeller Capital Management
New York
| – | -$13K | -469 | Closed |
|
|
SWM
180
Sugarloaf Wealth Management
Duluth,
Georgia
| – | -$6.79K | -228 | Closed |
|
|
JC
181
JCSD Capital
Walnut Creek,
California
| – | -$2.98K | -100 | Closed |
|
|
TC
182
Truvestments Capital
Sarasota,
Florida
| – | -$2.06K | -69 | Closed |
|
|
AWM
183
Accurate Wealth Management
Wesley Chapel,
Florida
| – | -$912 | -30 | Closed |
|
|
SFG
184
Steward Financial Group
Colleyville,
Texas
| – | -$223 | -7 | -35% |
|
185
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$160 | -5 | -38% |
|
|
C
186
Covestor
London,
United Kingdom
| – | +$128 | +4 | +36% |
|
NTB Hedge Fund Activity: Q1 2023 in Review
160 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q1 2023, worth a combined $918M — down 7.3% from $990M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of NTB and 22 opened new positions — a net loss of 3 holders — while 46 trimmed existing stakes and 66 added.
The largest buyer was Millennium Management, adding an estimated $19.3M. The largest seller was Grandeur Peak Global Advisors, cutting an estimated $63.6M.
- 160 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q1 2023, down from 164 in Q4 2022.
- Funds reported $918M of Bank of N.T. Butterfield & Son stock for Q1 2023, down 7.3% quarter-over-quarter.
- 22 funds opened new Bank of N.T. Butterfield & Son positions in Q1 2023 and 25 closed out, a net change of -3 holders.
- The largest Bank of N.T. Butterfield & Son buyer in Q1 2023 was Millennium Management, an estimated $19.3M added.
- The largest Bank of N.T. Butterfield & Son seller in Q1 2023 was Grandeur Peak Global Advisors, an estimated $63.6M sold.
Based on aggregated 13F filings for Q1 2023.