Bank of N.T. Butterfield & Son
161 hedge funds and large institutions have $1.31B invested in Bank of N.T. Butterfield & Son in 2018 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 51 increasing their positions, 67 reducing their positions, and 43 closing their positions.
0.79% more ownership
Funds ownership: 74.96% → 75.75% (+0.79%)
9% less funds holding
Funds holding: 176 → 161 (-15)
24% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 67
33% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 43
38% less capital invested
Capital invested by funds: $2.12B → $1.31B (-$809M)
50% less funds holding in top 10
Funds holding in top 10: 8 → 4 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$59.4M |
| 2 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
+$34.5M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
+$33.2M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$19.8M |
| 5 |
GPGA
Grandeur Peak Global Advisors
Salt Lake City,
Utah
|
+$12.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$35.1M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
-$24.8M |
| 3 |
Westfield Capital Management
Boston,
Massachusetts
|
-$19.7M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
-$18M |
| 5 |
HCM
Hilton Capital Management
Garden City,
New York
|
-$16.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2K | -31 | Closed |
|
|
RCAG
202
Rehmann Capital Advisory Group
Lansing,
Michigan
| – | -$1.09K | -21 | Closed |
|
|
LC
203
Lindbrook Capital
Calabasas,
California
| – | +$615 | +15 | New |
|
NTB Hedge Fund Activity: Q4 2018 in Review
161 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q4 2018, worth a combined $1.31B — down 38% from $2.12B a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of NTB and 29 opened new positions — a net loss of 14 holders — while 67 trimmed existing stakes and 51 added.
The largest buyer was Capital World Investors, adding an estimated $59.4M. The largest seller was Millennium Management, cutting an estimated $35.1M.
- 161 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q4 2018, down from 176 in Q3 2018.
- Funds reported $1.31B of Bank of N.T. Butterfield & Son stock for Q4 2018, down 38% quarter-over-quarter.
- 29 funds opened new Bank of N.T. Butterfield & Son positions in Q4 2018 and 43 closed out, a net change of -14 holders.
- The largest Bank of N.T. Butterfield & Son buyer in Q4 2018 was Capital World Investors, an estimated $59.4M added.
- The largest Bank of N.T. Butterfield & Son seller in Q4 2018 was Millennium Management, an estimated $35.1M sold.
Based on aggregated 13F filings for Q4 2018.