Bank of N.T. Butterfield & Son
167 hedge funds and large institutions have $1.03B invested in Bank of N.T. Butterfield & Son in 2024 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 44 increasing their positions, 67 reducing their positions, and 18 closing their positions.
33% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 18
9% more capital invested
Capital invested by funds: $947M → $1.03B (+$86.1M)
3% more funds holding
Funds holding: 162 → 167 (+5)
0.31% more ownership
Funds ownership: 62.38% → 62.69% (+0.31%)
34% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 67
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
72% less call options, than puts
Call options by funds: $846K | Put options by funds: $3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$30.4M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$7.07M |
| 3 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
+$4.62M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$4.01M |
| 5 |
Morgan Stanley
New York
|
+$2.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$11.3M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$10.9M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$8.35M |
| 4 |
Millennium Management
New York
|
-$6.69M |
| 5 |
GPGA
Grandeur Peak Global Advisors
Salt Lake City,
Utah
|
-$4.95M |
NTB Hedge Fund Activity: Q2 2024 in Review
167 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Bank of N.T. Butterfield & Son (NTB) for Q2 2024, worth a combined $1.03B — up 9.1% from $947M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new NTB positions and 18 closed out — a net gain of 6 holders — while 44 added to existing stakes and 67 trimmed.
The largest buyer was Westwood Holdings Group, opening a new position worth an estimated $30.4M. The largest seller was Bank of Montreal, exiting entirely with an estimated $11.3M sold.
- 167 institutional investors held Bank of N.T. Butterfield & Son (NTB) as of Q2 2024, up from 162 in Q1 2024.
- Funds reported $1.03B of Bank of N.T. Butterfield & Son stock for Q2 2024, up 9.1% quarter-over-quarter.
- 24 funds opened new Bank of N.T. Butterfield & Son positions in Q2 2024 and 18 closed out, a net change of +6 holders.
- The largest Bank of N.T. Butterfield & Son buyer in Q2 2024 was Westwood Holdings Group, an estimated $30.4M added.
- The largest Bank of N.T. Butterfield & Son seller in Q2 2024 was Bank of Montreal, an estimated $11.3M sold.
Based on aggregated 13F filings for Q2 2024.