Bank of N.T. Butterfield & Son
NTB
161 hedge funds and large institutions have $1.01B invested in Bank of N.T. Butterfield & Son in 2023 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 47 increasing their positions, 65 reducing their positions, and 11 closing their positions.
155% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 11
136% more call options, than puts
Call options by funds: $1.24M | Put options by funds: $525K
15% more capital invested
Capital invested by funds: $875M → $1.01B (+$133M)
11% more funds holding
Funds holding: 145 → 161 (+16)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.18% less ownership
Funds ownership: 64.88% → 64.7% (-0.18%)
28% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 65
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$10.2M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$9.94M |
| 3 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$7.55M |
| 4 |
BlackRock
New York
|
+$6.66M |
| 5 |
JP Morgan Chase
New York
|
+$6.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$41.9M |
| 2 |
Goldman Sachs
New York
|
-$19.1M |
| 3 |
SI
Sapience Investments
Newport Beach,
California
|
-$4.96M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$4.03M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$3.22M |
NTB Hedge Fund Activity: Q4 2023 in Review
161 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q4 2023, worth a combined $1.01B — up 15% from $875M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new NTB positions and 11 closed out — a net gain of 17 holders — while 47 added to existing stakes and 65 trimmed.
The largest buyer was American Century Companies, adding an estimated $10.2M. The largest seller was Davis Selected Advisers, cutting an estimated $41.9M.
- 161 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q4 2023, up from 145 in Q3 2023.
- Funds reported $1.01B of Bank of N.T. Butterfield & Son stock for Q4 2023, up 15% quarter-over-quarter.
- 28 funds opened new Bank of N.T. Butterfield & Son positions in Q4 2023 and 11 closed out, a net change of +17 holders.
- The largest Bank of N.T. Butterfield & Son buyer in Q4 2023 was American Century Companies, an estimated $10.2M added.
- The largest Bank of N.T. Butterfield & Son seller in Q4 2023 was Davis Selected Advisers, an estimated $41.9M sold.
Based on aggregated 13F filings for Q4 2023.