Bank of N.T. Butterfield & Son
NTB
176 hedge funds and large institutions have $2.12B invested in Bank of N.T. Butterfield & Son in 2018 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 68 increasing their positions, 59 reducing their positions, and 18 closing their positions.
50% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 18
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
15% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 59
15% more capital invested
Capital invested by funds: $1.84B → $2.12B (+$279M)
5% more funds holding
Funds holding: 167 → 176 (+9)
1.82% more ownership
Funds ownership: 73.13% → 74.96% (+1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MNG
Manning & Napier Group
Fairport,
New York
|
+$30.3M |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$21.7M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$20.8M |
| 4 |
Millennium Management
New York
|
+$8.32M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
+$7.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alyeska Investment Group
Chicago,
Illinois
|
-$43.8M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$21.7M |
| 3 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
-$14.2M |
| 4 |
O
OppenheimerFunds
New York
|
-$5.37M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.38M |
NTB Hedge Fund Activity: Q3 2018 in Review
176 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q3 2018, worth a combined $2.12B — up 15% from $1.84B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new NTB positions and 18 closed out — a net gain of 9 holders — while 68 added to existing stakes and 59 trimmed.
The largest buyer was Manning & Napier Group, opening a new position worth an estimated $30.3M. The largest seller was Alyeska Investment Group, cutting an estimated $43.8M.
- 176 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q3 2018, up from 167 in Q2 2018.
- Funds reported $2.12B of Bank of N.T. Butterfield & Son stock for Q3 2018, up 15% quarter-over-quarter.
- 27 funds opened new Bank of N.T. Butterfield & Son positions in Q3 2018 and 18 closed out, a net change of +9 holders.
- The largest Bank of N.T. Butterfield & Son buyer in Q3 2018 was Manning & Napier Group, an estimated $30.3M added.
- The largest Bank of N.T. Butterfield & Son seller in Q3 2018 was Alyeska Investment Group, an estimated $43.8M sold.
Based on aggregated 13F filings for Q3 2018.