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Bank of N.T. Butterfield & Son
NTB

150 hedge funds and large institutions have $1.43B invested in Bank of N.T. Butterfield & Son in 2019 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 64 increasing their positions, 44 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

45% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 44

9% more capital invested

Capital invested by funds: $1.31B → $1.43B (+$115M)

3.77% less ownership

Funds ownership: 75.75% → 71.98% (-3.8%)

7% less funds holding

Funds holding: 161 → 150 (-11)

33% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 24

Holders
150
Holders Change
-11
Holders Change %
-6.83%
% of All Funds
3.25%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.13%
New
16
Increased
64
Reduced
44
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$15.8M
2
RJA
Raymond James & Associates
Florida
+$13.2M
3
SGA
Strategic Global Advisors
California
+$5.19M
4
DSA
Davis Selected Advisers
Arizona
+$4.26M
5
Ameriprise
Ameriprise
Minnesota
+$4.11M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$35.9M
2
VNIM
Vaughan Nelson Investment Management
Texas
-$27M
3
JP Morgan Chase
JP Morgan Chase
New York
-$26.8M
4
Capital International Investors
Capital International Investors
California
-$13.5M
5
Morgan Stanley
Morgan Stanley
New York
-$4.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
DSA
1
Davis Selected Advisers
Arizona
$120M +$4.26M +118,464 +4%
Capital World Investors
2
Capital World Investors
California
$103M – – –
BlackRock
3
BlackRock
New York
$92.8M -$223K -6,210 -0.2%
SCA
4
Southpoint Capital Advisors
New York
$72M +$266K +7,400 +0.4%
RA
5
Rovida Advisors
Florida
$71.9M – – –
NIMC
6
NWQ Investment Management Company
California
$69.9M +$2.76M +76,899 +4%
Hotchkis & Wiley Capital Management
7
Hotchkis & Wiley Capital Management
California
$68.8M +$15.8M +440,737 +30%
RJA
8
Raymond James & Associates
Florida
$42.9M +$13.2M +367,663 +44%
Wellington Management Group
9
Wellington Management Group
Massachusetts
$37.6M -$35.9M -1,000,036 -49%
Vanguard Group
10
Vanguard Group
Pennsylvania
$36.2M +$1.56M +43,341 +4%
GPGA
11
Grandeur Peak Global Advisors
Utah
$33.8M +$325K +9,050 +1%
VNIM
12
Vaughan Nelson Investment Management
Texas
$33.2M -$27M -751,750 -45%
State Street
13
State Street
Massachusetts
$33.2M -$1.34M -37,406 -4%
Macquarie Group
14
Macquarie Group
Australia
$30.6M +$303K +8,425 +1%
Dimensional Fund Advisors
15
Dimensional Fund Advisors
Texas
$30.5M +$3.68M +102,351 +14%
William Blair Investment Management
16
William Blair Investment Management
Illinois
$27.9M -$1.11M -30,963 -4%
Fidelity Investments
17
Fidelity Investments
Massachusetts
$25.7M -$701K -19,517 -3%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$25.7M +$900K +25,063 +4%
TA
19
Teachers Advisors
New York
$22.7M -$72.2K -2,011 -0.3%
Norges Bank
20
Norges Bank
Norway
$22.6M +$3.95M +109,907 +21%
Wells Fargo
21
Wells Fargo
California
$21.9M -$1.94M -53,872 -8%
MNG
22
Manning & Napier Group
New York
$21.4M +$219K +6,090 +1%
Westfield Capital Management
23
Westfield Capital Management
Massachusetts
$20.7M -$1.08M -30,160 -5%
O
24
OppenheimerFunds
New York
$20.2M +$415K +11,544 +2%
Northern Trust
25
Northern Trust
Illinois
$20M +$894K +24,896 +5%
1
2 3 4 5

NTB Hedge Fund Activity: Q1 2019 in Review

150 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q1 2019, worth a combined $1.43B — up 8.7% from $1.31B a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of NTB and 16 opened new positions — a net loss of 8 holders — while 44 trimmed existing stakes and 64 added.

The largest buyer was Hotchkis & Wiley Capital Management, adding an estimated $15.8M. The largest seller was Wellington Management Group, cutting an estimated $35.9M.

  • 150 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q1 2019, down from 161 in Q4 2018.
  • Funds reported $1.43B of Bank of N.T. Butterfield & Son stock for Q1 2019, up 8.7% quarter-over-quarter.
  • 16 funds opened new Bank of N.T. Butterfield & Son positions in Q1 2019 and 24 closed out, a net change of -8 holders.
  • The largest Bank of N.T. Butterfield & Son buyer in Q1 2019 was Hotchkis & Wiley Capital Management, an estimated $15.8M added.
  • The largest Bank of N.T. Butterfield & Son seller in Q1 2019 was Wellington Management Group, an estimated $35.9M sold.

Based on aggregated 13F filings for Q1 2019.