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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$15.8M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$13.2M |
| 3 |
SGA
Strategic Global Advisors
Newport Beach,
California
|
+$5.19M |
| 4 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
+$4.26M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$4.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$35.9M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$27M |
| 3 |
JP Morgan Chase
New York
|
-$26.8M |
| 4 |
Capital International Investors
Los Angeles,
California
|
-$13.5M |
| 5 |
Morgan Stanley
New York
|
-$4.72M |
NTB Hedge Fund Activity: Q1 2019 in Review
150 of the 4,633 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.