Bank of N.T. Butterfield & Son
135 hedge funds and large institutions have $647M invested in Bank of N.T. Butterfield & Son in 2020 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 40 increasing their positions, 54 reducing their positions, and 32 closing their positions.
2.43% less ownership
Funds ownership: 72.28% → 69.85% (-2.4%)
8% less funds holding
Funds holding: 146 → 135 (-11)
25% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 32
26% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 54
55% less capital invested
Capital invested by funds: $1.44B → $647M (-$793M)
71% less funds holding in top 10
Funds holding in top 10: 7 → 2 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
+$23.2M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$8.43M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$7.5M |
| 4 |
GPGA
Grandeur Peak Global Advisors
Salt Lake City,
Utah
|
+$6.83M |
| 5 |
RA
Royce & Associates
New York
|
+$5.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Southpoint Capital Advisors
New York
|
-$26.1M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$25.3M |
| 3 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
-$11.8M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$8.78M |
| 5 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$7.08M |
NTB Hedge Fund Activity: Q1 2020 in Review
135 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q1 2020, worth a combined $647M — down 55% from $1.44B a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of NTB and 24 opened new positions — a net loss of 8 holders — while 54 trimmed existing stakes and 40 added.
The largest buyer was Adage Capital Partners, adding an estimated $23.2M. The largest seller was Southpoint Capital Advisors, cutting an estimated $26.1M.
- 135 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q1 2020, down from 146 in Q4 2019.
- Funds reported $647M of Bank of N.T. Butterfield & Son stock for Q1 2020, down 55% quarter-over-quarter.
- 24 funds opened new Bank of N.T. Butterfield & Son positions in Q1 2020 and 32 closed out, a net change of -8 holders.
- The largest Bank of N.T. Butterfield & Son buyer in Q1 2020 was Adage Capital Partners, an estimated $23.2M added.
- The largest Bank of N.T. Butterfield & Son seller in Q1 2020 was Southpoint Capital Advisors, an estimated $26.1M sold.
Based on aggregated 13F filings for Q1 2020.