Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

National Bk Hldgs Corp (NBHC)

211 + Investors. Track Smart Money conviction in NBHC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -14
Streak
1Q ▼
Buyers last Q
54%

Smart Money Signals — NBHC

Based on 212 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their NBHC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
212 funds currently hold this stock — 94% of the 3.0-year high of 226 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +18% more funds vs a year ago

fund count last 6Q
+33 new funds entered over the past year (+18% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 54% buying

126 buying106 selling
Last quarter: 126 funds bought or added vs 106 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-9 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 27 → 35 → 44 → 35. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 21% medium ■ 20% new
124 out of 212 hedge funds have held NBHC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

29 → 27 → 35 → 44 → 35 new funds/Q
New funds entering each quarter: 27 → 35 → 44 → 35. A growing number of institutions are discovering NBHC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 63% veterans vs 24% newcomers

■ 63% veterans ■ 13% 1-2yr ■ 24% new
Entry-cohort mix of 212 holders: 134 (63%) are 2+ year veterans, 28 entered 1–2 years ago, and 50 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 52% AUM from top-100 funds

52% from top-100 AUM funds
50 of 211 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in NBHC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — NBHC

In 2026 Q1, 126 hedge funds were net buyers of NBHC (35 opened a new position, 91 added to an existing one), while 106 reduced or exited (57 trimmed, 49 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 52% of total institutional value in NBHC is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -14 funds (more exits than new entries). Total institutional holders: 212.

Hedge Fund Ownership: NBHC

How many hedge funds hold NBHC — quarterly history vs. share price
Quarterly hedge fund ownership of NBHC vs. share price

Market Analysis: NBHC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NBHC

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy National Bk Hldgs Corp (NBHC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NBHC has moved relative to its sector benchmark (XLF) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 46d ago
NBHC
-2.0%
XLF
+8.5%

NBHC outperformed XLF by -10.5% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 1d ago
NBHC
+0.0%
XLF
+0.0%

Since the filing became public, NBHC outperformed XLF by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

18 top-rated funds 2 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
2.2
/ 10
conviction
Hedge Fund Positioning: NBHC
2026 Q2 Stats Unlock in 4 days 211 + Investors

Track Smart Money conviction in NBHC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 211 226 -6.64%
13F Shares 41M 37M 10.75%
Total Value $1.53B $1.40B 9.44%
New Positions 35 44 -9
Increased Positions 91 77 +14
Closed Positions 49 24 +25
Reduced Positions 57 81 -24
Total Calls 1 1 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NBHC

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

211 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NBHC. Verified SEC 13F-HR filings.

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 NBHC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Endeavour Capital Advisors Inc 5.07% 556,478 $24.7M
2 Jacobs Asset Management, LLC 3.35% 120,000 $5.3M
3 Maltese Capital Management LLC 2.61% 322,500 $14.3M
4 PMC FIG Opportunities LLC 2.42% 34,132 $1.5M
5 Aristotle Capital Boston, LLC 1.45% 485,740 $21.6M
6 Squire Investment Management Company, LLC 1.14% 106,976 $4.8M
7 Leeward Investments, LLC - MA 1.03% 508,755 $22.6M
8 North Reef Capital Management LP 0.74% 437,241 $19.4M
9 Islay Capital Management, LLC 0.55% 26,945 $1.2M
10 Kennedy Capital Management LLC 0.52% 666,354 $29.6M
11 Penn Capital Management Company, LLC 0.46% 162,446 $7.2M
12 Segall Bryant & Hamill, LLC 0.46% 863,917 $38.4M
13 Westwood Holdings Group Inc 0.43% 1,276,350 $56.7M
14 William Blair Investment Management, LLC 0.33% 2,497,817 $111.0M
15 NBH Bank 0.25% 13,175 $585K
16 R Squared Ltd 0.22% 9,314 $414K
17 Bridgeway Capital Management, LLC 0.21% 264,730 $11.8M
18 Peregrine Capital Management LLC 0.16% 112,617 $5.0M
19 Mendon Capital Advisors Corp 0.16% 10,000 $444K
20 EntryPoint Capital, LLC 0.16% 5,854 $229K
21 Moody National Bank Trust Division 0.13% 35,642 $1.6M
22 Howard Financial Services, LTD. 0.09% 21,191 $942K
23 Interval Partners, LP 0.09% 81,413 $3.6M
24 Basswood Capital Management, L.L.C. 0.08% 46,956 $2.1M
25 Numerai GP LLC 0.08% 20,876 $928K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — National Bk Hldgs Corp (NBHC)

What does the Smart Money Trend signal show for NBHC?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their NBHC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NBHC?

Slight buying edge — 54% buying: Last quarter: 126 funds bought or added vs 106 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NBHC holders?

Elite ownership — 52% AUM from top-100 funds: 50 of 211 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in NBHC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NBHC?

58% of holders stayed for 2+ years: 124 out of 212 hedge funds have held NBHC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy National Bk Hldgs Corp (NBHC) following the 2026 Q2 hedge fund 13F filings?

As of today, NBHC has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLF sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), NBHC has gained -2.0% vs +8.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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