Bank of N.T. Butterfield & Son
150 hedge funds and large institutions have $899M invested in Bank of N.T. Butterfield & Son in 2023 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 57 increasing their positions, 52 reducing their positions, and 29 closing their positions.
40% more call options, than puts
Call options by funds: $933K | Put options by funds: $667K
10% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 52
2% less capital invested
Capital invested by funds: $918M → $899M (-$18.5M)
2.17% less ownership
Funds ownership: 67.58% → 65.41% (-2.2%)
6% less funds holding
Funds holding: 160 → 150 (-10)
34% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 29
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$15.9M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
+$10.1M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$9.17M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$7.94M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$4.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$57.9M |
| 2 |
Millennium Management
New York
|
-$16.1M |
| 3 |
RA
Royce & Associates
New York
|
-$6.89M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$5.17M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$3.67M |
NTB Hedge Fund Activity: Q2 2023 in Review
150 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q2 2023, worth a combined $899M — down 2% from $918M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of NTB and 19 opened new positions — a net loss of 10 holders — while 52 trimmed existing stakes and 57 added.
The largest buyer was Goldman Sachs, adding an estimated $15.9M. The largest seller was Capital World Investors, exiting entirely with an estimated $57.9M sold.
- 150 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q2 2023, down from 160 in Q1 2023.
- Funds reported $899M of Bank of N.T. Butterfield & Son stock for Q2 2023, down 2% quarter-over-quarter.
- 19 funds opened new Bank of N.T. Butterfield & Son positions in Q2 2023 and 29 closed out, a net change of -10 holders.
- The largest Bank of N.T. Butterfield & Son buyer in Q2 2023 was Goldman Sachs, an estimated $15.9M added.
- The largest Bank of N.T. Butterfield & Son seller in Q2 2023 was Capital World Investors, an estimated $57.9M sold.
Based on aggregated 13F filings for Q2 2023.