Bank of N.T. Butterfield & Son
NTB
118 hedge funds and large institutions have $1.13B invested in Bank of N.T. Butterfield & Son in 2017 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 42 increasing their positions, 15 reducing their positions, and 7 closing their positions.
657% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 7
180% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 15
67% more funds holding in top 10
Funds holding in top 10: 6 → 10 (+4)
55% more funds holding
Funds holding: 76 → 118 (+42)
9% more capital invested
Capital invested by funds: $1.04B → $1.13B (+$90.6M)
2.27% more ownership
Funds ownership: 62.23% → 64.5% (+2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
+$50.6M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$49.6M |
| 3 |
Millennium Management
New York
|
+$29.7M |
| 4 |
Capital World Investors
Los Angeles,
California
|
+$26.1M |
| 5 |
Westfield Capital Management
Boston,
Massachusetts
|
+$23.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CG
Carlyle Group
Washington,
District of Columbia
|
-$240M |
| 2 |
WT
Wellcome Trust
London,
United Kingdom
|
-$58.4M |
| 3 |
KSCM
King Street Capital Management
New York
|
-$42.4M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$27.4M |
| 5 |
LCM
Laurion Capital Management
New York
|
-$2.41M |
NTB Hedge Fund Activity: Q1 2017 in Review
118 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q1 2017, worth a combined $1.13B — up 8.7% from $1.04B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new NTB positions and 7 closed out — a net gain of 46 holders — while 42 added to existing stakes and 15 trimmed.
The largest buyer was NWQ Investment Management Company, adding an estimated $50.6M. The largest seller was Carlyle Group, exiting entirely with an estimated $240M sold.
- 118 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q1 2017, up from 76 in Q4 2016.
- Funds reported $1.13B of Bank of N.T. Butterfield & Son stock for Q1 2017, up 8.7% quarter-over-quarter.
- 53 funds opened new Bank of N.T. Butterfield & Son positions in Q1 2017 and 7 closed out, a net change of +46 holders.
- The largest Bank of N.T. Butterfield & Son buyer in Q1 2017 was NWQ Investment Management Company, an estimated $50.6M added.
- The largest Bank of N.T. Butterfield & Son seller in Q1 2017 was Carlyle Group, an estimated $240M sold.
Based on aggregated 13F filings for Q1 2017.