Bank of N.T. Butterfield & Son
120 hedge funds and large institutions have $1.31B invested in Bank of N.T. Butterfield & Son in 2017 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 57 increasing their positions, 22 reducing their positions, and 19 closing their positions.
159% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 22
21% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 19
16% more capital invested
Capital invested by funds: $1.13B → $1.31B (+$182M)
6.54% more ownership
Funds ownership: 64.5% → 71.04% (+6.5%)
2% more funds holding
Funds holding: 118 → 120 (+2)
30% less funds holding in top 10
Funds holding in top 10: 10 → 7 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$56.5M |
| 2 |
State Street
Boston,
Massachusetts
|
+$22.1M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$14.8M |
| 4 |
Westfield Capital Management
Boston,
Massachusetts
|
+$13.6M |
| 5 |
MWNA
Marshall Wace North America
New York
|
+$13.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KSCM
King Street Capital Management
New York
|
-$39.4M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$38.3M |
| 3 |
OW
Orbis World
Road Town, Tortola,
British Virgin Islands
|
-$16M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
-$8.49M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$7.71M |
NTB Hedge Fund Activity: Q2 2017 in Review
120 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q2 2017, worth a combined $1.31B — up 16% from $1.13B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new NTB positions and 19 closed out — a net gain of 4 holders — while 57 added to existing stakes and 22 trimmed.
The largest buyer was BlackRock, adding an estimated $56.5M. The largest seller was King Street Capital Management, cutting an estimated $39.4M.
- 120 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q2 2017, up from 118 in Q1 2017.
- Funds reported $1.31B of Bank of N.T. Butterfield & Son stock for Q2 2017, up 16% quarter-over-quarter.
- 23 funds opened new Bank of N.T. Butterfield & Son positions in Q2 2017 and 19 closed out, a net change of +4 holders.
- The largest Bank of N.T. Butterfield & Son buyer in Q2 2017 was BlackRock, an estimated $56.5M added.
- The largest Bank of N.T. Butterfield & Son seller in Q2 2017 was King Street Capital Management, an estimated $39.4M sold.
Based on aggregated 13F filings for Q2 2017.