Bank of N.T. Butterfield & Son
162 hedge funds and large institutions have $947M invested in Bank of N.T. Butterfield & Son in 2024 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 51 increasing their positions, 64 reducing their positions, and 20 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
15% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 20
1% more funds holding
Funds holding: 161 → 162 (+1)
2.87% less ownership
Funds ownership: 65.25% → 62.38% (-2.9%)
7% less capital invested
Capital invested by funds: $1.02B → $947M (-$69.6M)
20% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 64
38% less call options, than puts
Call options by funds: $1.8M | Put options by funds: $2.92M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$9M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$4.2M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$4.02M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$3.58M |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$3.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$21.3M |
| 2 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$19.5M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
-$17.9M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$13.8M |
| 5 |
Morgan Stanley
New York
|
-$8.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Truist Financial
Charlotte,
North Carolina
| – | -$217K | -6,786 | Closed |
|
|
PFS
177
Prospera Financial Services
Dallas,
Texas
| – | -$203K | -6,345 | Closed |
|
|
PMEF
178
Point72 Middle East FZE
Dubai,
United Arab Emirates
| – | -$65.2K | -2,036 | Closed |
|
|
WTG
179
West Tower Group
Richmond,
Virginia
| – | -$4.35K | -136 | Closed |
|
|
ASN
180
Advisory Services Network
Atlanta,
Georgia
| – | -$4.07K | -127 | Closed |
|
|
BTI
181
Blue Trust Inc
Alpharetta,
Georgia
| – | -$2K | -73 | Closed |
|
|
FHA
182
First Horizon Advisors
Memphis,
Tennessee
| – | -$793 | -24 | Closed |
|
NTB Hedge Fund Activity: Q1 2024 in Review
162 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q1 2024, worth a combined $947M — down 6.9% from $1.02B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new NTB positions and 20 closed out — a net gain of 3 holders — while 51 added to existing stakes and 64 trimmed.
The largest buyer was American Century Companies, adding an estimated $9M. The largest seller was Vaughan Nelson Investment Management, exiting entirely with an estimated $21.3M sold.
- 162 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q1 2024, up from 161 in Q4 2023.
- Funds reported $947M of Bank of N.T. Butterfield & Son stock for Q1 2024, down 6.9% quarter-over-quarter.
- 23 funds opened new Bank of N.T. Butterfield & Son positions in Q1 2024 and 20 closed out, a net change of +3 holders.
- The largest Bank of N.T. Butterfield & Son buyer in Q1 2024 was American Century Companies, an estimated $9M added.
- The largest Bank of N.T. Butterfield & Son seller in Q1 2024 was Vaughan Nelson Investment Management, an estimated $21.3M sold.
Based on aggregated 13F filings for Q1 2024.