Bank of N.T. Butterfield & Son
130 hedge funds and large institutions have $1.45B invested in Bank of N.T. Butterfield & Son in 2017 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 48 increasing their positions, 35 reducing their positions, and 15 closing their positions.
80% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 15
37% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 35
10% more capital invested
Capital invested by funds: $1.31B → $1.45B (+$137M)
8% more funds holding
Funds holding: 120 → 130 (+10)
1.44% more ownership
Funds ownership: 71.04% → 72.48% (+1.4%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$38.9M |
| 2 |
TA
Teachers Advisors
New York
|
+$14.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$7.68M |
| 4 |
KTA
Keeley-Teton Advisors
Chicago,
Illinois
|
+$6.25M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$5.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
-$16.1M |
| 2 |
MWNA
Marshall Wace North America
New York
|
-$11.2M |
| 3 |
GC
Gillson Capital
Chicago,
Illinois
|
-$6.8M |
| 4 |
Millennium Management
New York
|
-$6.03M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$5.12M |
NTB Hedge Fund Activity: Q3 2017 in Review
130 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q3 2017, worth a combined $1.45B — up 10% from $1.31B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new NTB positions and 15 closed out — a net gain of 12 holders — while 48 added to existing stakes and 35 trimmed.
The largest buyer was Vaughan Nelson Investment Management, opening a new position worth an estimated $38.9M. The largest seller was Point72 Asset Management, exiting entirely with an estimated $16.1M sold.
- 130 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q3 2017, up from 120 in Q2 2017.
- Funds reported $1.45B of Bank of N.T. Butterfield & Son stock for Q3 2017, up 10% quarter-over-quarter.
- 27 funds opened new Bank of N.T. Butterfield & Son positions in Q3 2017 and 15 closed out, a net change of +12 holders.
- The largest Bank of N.T. Butterfield & Son buyer in Q3 2017 was Vaughan Nelson Investment Management, an estimated $38.9M added.
- The largest Bank of N.T. Butterfield & Son seller in Q3 2017 was Point72 Asset Management, an estimated $16.1M sold.
Based on aggregated 13F filings for Q3 2017.