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Bank of N.T. Butterfield & Son
NTB

161 hedge funds and large institutions have $1.02B 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, 66 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

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

16% more capital invested

Capital invested by funds: $875M → $1.02B (+$142M)

11% more funds holding

Funds holding: 145 → 161 (+16)

0.36% more ownership

Funds ownership: 64.88% → 65.25% (+0.36%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

29% less repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 66

Holders
161
Holders Change
+16
Holders Change %
+11.03%
% of All Funds
2.35%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
28
Increased
47
Reduced
66
Closed
11
Calls
$1.24M
Puts
$525K
Net Calls
+$713K
Net Calls Change
+$784K

Top Buyers

Rank Fund Capital Flow
1
American Century Companies
American Century Companies
Missouri
+$10.2M
2
Ameriprise
Ameriprise
Minnesota
+$9.94M
3
Morgan Stanley
Morgan Stanley
New York
+$7.97M
4
VNIM
Vaughan Nelson Investment Management
Texas
+$7.55M
5
BlackRock
BlackRock
New York
+$6.66M

Top Sellers

Rank Fund Capital Flow
1
DSA
Davis Selected Advisers
Arizona
-$41.9M
2
Goldman Sachs
Goldman Sachs
New York
-$19.1M
3
SI
Sapience Investments
California
-$4.96M
4
Victory Capital Management
Victory Capital Management
Texas
-$4.03M
5
Invesco
Invesco
Georgia
-$3.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$89.7M +$6.66M +234,952 +9%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$87M -$39.7K -1,400 -0.1%
RA
3
Rovida Advisors
Florida
$57.4M – – –
Adage Capital Partners
4
Adage Capital Partners
Massachusetts
$56.6M +$50.9K +1,798 +0.1%
DSA
5
Davis Selected Advisers
Arizona
$55.3M -$41.9M -1,478,207 -46%
Hotchkis & Wiley Capital Management
6
Hotchkis & Wiley Capital Management
California
$54.9M -$343K -12,120 -0.7%
N
7
Nuveen
North Carolina
$54.9M +$1.89M +66,598 +4%
Macquarie Group
8
Macquarie Group
Australia
$49.9M -$658K -23,217 -1%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$46.5M +$719K +25,383 +2%
Thrivent Financial for Lutherans
10
Thrivent Financial for Lutherans
Minnesota
$36.7M – – –
JP Morgan Chase
11
JP Morgan Chase
New York
$31.3M +$6.19M +218,525 +29%
Vanguard Group
12
Vanguard Group
Pennsylvania
$27.4M +$1.34M +47,141 +6%
State Street
13
State Street
Massachusetts
$26.2M -$35K -1,236 -0.2%
Invesco
14
Invesco
Georgia
$22.3M -$3.22M -113,638 -14%
VNIM
15
Vaughan Nelson Investment Management
Texas
$21.3M +$7.55M +266,450 +67%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$17.3M +$323K +11,403 +2%
Morgan Stanley
17
Morgan Stanley
New York
$16.9M +$7.97M +281,221 +114%
RA
18
Royce & Associates
New York
$15.4M -$344K -12,133 -2%
Ameriprise
19
Ameriprise
Minnesota
$12.1M +$9.94M +350,762 +1,311%
American Century Companies
20
American Century Companies
Missouri
$11.8M +$10.2M +360,836 +4,266%
Charles Schwab
21
Charles Schwab
California
$11.6M +$483K +17,046 +5%
Norges Bank
22
Norges Bank
Norway
$10.9M -$1.17M -41,283 -11%
Bank of Montreal
23
Bank of Montreal
Ontario, Canada
$10.3M -$2.29M -80,879 -20%
Northern Trust
24
Northern Trust
Illinois
$10.3M +$91.5K +3,229 +1%
Millennium Management
25
Millennium Management
New York
$10.1M +$4.23M +149,193 +90%
1
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NTB Hedge Fund Activity: Q4 2023 in Review

161 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q4 2023, worth a combined $1.02B — up 16% 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 66 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 $1.02B of Bank of N.T. Butterfield & Son stock for Q4 2023, up 16% 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.