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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.

New
Increased
Maintained
Reduced
Closed

0.79% more ownership

Funds ownership: 74.96%75.75% (+0.79%)

9% less funds holding

Funds holding: 176161 (-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: 84 (-4)

Holders
161
Holders Change
-15
Holders Change %
-8.52%
% of All Funds
3.59%
Holding in Top 10
4
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-50%
% of All Funds
0.09%
New
29
Increased
51
Reduced
67
Closed
43
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
DSA
1
Davis Selected Advisers
Arizona
$101M +$34.5M +840,609 +35%
Capital World Investors
2
Capital World Investors
California
$90.4M +$59.4M +1,447,958 +101%
BlackRock
3
BlackRock
New York
$81.3M -$598K -14,591 -0.6%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$64.2M +$1.51M +36,749 +2%
RA
5
Rovida Advisors
Florida
$62.8M
SCA
6
Southpoint Capital Advisors
New York
$62.7M +$12.3M +300,000 +18%
NIMC
7
NWQ Investment Management Company
California
$58.7M -$2.38M -58,070 -3%
VNIM
8
Vaughan Nelson Investment Management
Texas
$52.6M -$1.4M -34,050 -2%
Hotchkis & Wiley Capital Management
9
Hotchkis & Wiley Capital Management
California
$46.3M +$9.45M +230,456 +18%
Vanguard Group
10
Vanguard Group
Pennsylvania
$30.2M +$4.49M +109,508 +13%
State Street
11
State Street
Massachusetts
$30.2M +$91.8K +2,239 +0.2%
GPGA
12
Grandeur Peak Global Advisors
Utah
$29.3M +$12.6M +306,537 +49%
Macquarie Group
13
Macquarie Group
Australia
$26.5M +$19.8M +484,016 +134%
JP Morgan Chase
14
JP Morgan Chase
New York
$26.3M +$1.23M +29,925 +4%
RJA
15
Raymond James & Associates
Florida
$25.9M +$2.45M +59,684 +8%
William Blair Investment Management
16
William Blair Investment Management
Illinois
$25.4M +$33.2M +809,918 New
Dimensional Fund Advisors
17
Dimensional Fund Advisors
Texas
$23.4M +$2.37M +57,763 +8%
Fidelity Investments
18
Fidelity Investments
Massachusetts
$23M -$10.8M -263,029 -26%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$21.6M +$2.76M +67,401 +11%
Wells Fargo
20
Wells Fargo
California
$20.8M +$2.97M +72,544 +12%
TA
21
Teachers Advisors
New York
$19.9M +$143K +3,488 +0.6%
Westfield Capital Management
22
Westfield Capital Management
Massachusetts
$19M -$19.7M -481,695 -44%
MNG
23
Manning & Napier Group
New York
$18.5M -$382K -9,321 -2%
O
24
OppenheimerFunds
New York
$17.3M +$11.6M +283,620 +106%
Northern Trust
25
Northern Trust
Illinois
$16.7M +$122K +2,985 +0.6%

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.