Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Bank of N T Butterfield & So (NTB)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +21
Streak
4Q ▲
Buyers last Q
63%

Smart Money Signals — NTB

Based on 240 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added NTB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
240 hedge funds hold NTB right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +24% more funds vs a year ago

fund count last 6Q
+47 new funds entered over the past year (+24% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 63% buying

139 buying83 selling
Last quarter: 139 funds were net buyers (37 opened a brand new position + 102 added to an existing one). Only 83 were sellers (67 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter
Funds opening a new NTB position: 26 → 34 → 31 → 37. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 22% medium ■ 22% new
134 out of 240 hedge funds have held NTB 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

19 → 26 → 34 → 31 → 37 new funds/Q
New funds entering each quarter: 26 → 34 → 31 → 37. A growing number of institutions are discovering NTB each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 59% veterans vs 27% newcomers

■ 59% veterans ■ 14% 1-2yr ■ 27% new
Entry-cohort mix of 241 holders: 143 (59%) are 2+ year veterans, 33 entered 1–2 years ago, and 65 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 43% AUM from top-100 funds

43% from top-100 AUM funds
38 of 240 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in NTB. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — NTB

In 2026 Q1, 139 hedge funds were net buyers of NTB (37 opened a new position, 102 added to an existing one), while 83 reduced or exited (67 trimmed, 16 sold completely) — a 63% buyer ratio, indicating clear institutional accumulation. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 43% of total institutional value in NTB is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +21 funds (more new holders than closures). Total institutional holders: 240.

Hedge Fund Ownership: NTB

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

Market Analysis: NTB

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NTB

-- --

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

Is It Too Late to Buy Bank of N T Butterfield & So (NTB) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NTB has moved relative to its sector benchmark (XLF) since the 2026 Q1 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 March 31, 2026 · 79d ago
NTB
+11.6%
XLF
+9.5%

NTB outperformed XLF by +2.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
NTB
+7.1%
XLF
+5.8%

Since the filing became public, NTB outperformed XLF by +1.3% .

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.

21 top-rated funds 1 high-conviction
Consensus
5.8
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: NTB
240 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 240 219 9.59%
13F Shares 29M 29M -1.1%
Total Value $1.40B $1.44B -2.68%
New Positions 37 31 +6
Increased Positions 101 82 +19
Closed Positions 16 29 -13
Reduced Positions 67 77 -10
Total Calls 1 2 -50.0%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NTB

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Institutional Holders (2026 Q1)

240 + investors

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

QUARTER:
Top 25 NTB holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Rovida Investment Management Ltd 11.80% 1,793,437 $94.1M
2 JCSD Capital, LLC 4.32% 77,800 $4.1M
3 Hahn Capital Management LLC 2.16% 65,518 $3.4M
4 Crawford Fund Management, LLC 2.09% 207,404 $10.9M
5 Strategic Global Advisors, LLC 1.73% 205,983 $10.8M
6 Epacria Capital Partners, LLC 1.72% 42,292 $2.2M
7 Harbor Advisors LLC 1.10% 144,908 $7.6M
8 Globeflex Capital L P 1.10% 137,969 $7.2M
9 Point Nemo Capital, LLC 0.91% 26,182 $1.4M
10 Denali Advisors LLC 0.90% 154,869 $8.1M
11 Virtus Advisers, LLC 0.37% 15,196 $797K
12 Sapience Investments, LLC 0.37% 54 $3K
13 Towneley Capital Management, Inc / DE 0.30% 27,155 $1.4M
14 Bridgeway Capital Management, LLC 0.29% 271,308 $14.2M
15 Parvin Asset Management, LLC 0.27% 7,155 $375K
16 Davis Selected Advisers 0.26% 1,073,129 $56.3M
17 Bragg Financial Advisors, Inc 0.26% 155,538 $8.2M
18 Ulysses Management LLC 0.25% 37,500 $2.0M
19 Royce & Associates LP 0.22% 433,384 $22.7M
20 Seelaus Asset Management LLC 0.22% 5,775 $303K
21 Polaris Capital Management, LLC 0.20% 45,600 $2.4M
22 Redhawk Wealth Advisors, Inc. 0.16% 28,212 $1.5M
23 Hotchkis & Wiley Capital Management LLC 0.13% 804,730 $42.2M
24 Martingale Asset Management L P 0.11% 87,337 $4.6M
25 Campbell & CO Investment Adviser LLC 0.11% 38,194 $2.0M
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 — Bank of N T Butterfield & So (NTB)

What does the Smart Money Trend signal show for NTB?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added NTB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NTB?

More buyers than sellers — 63% buying: Last quarter: 139 funds were net buyers (37 opened a brand new position + 102 added to an existing one). Only 83 were sellers (67 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NTB holders?

Elite ownership — 43% AUM from top-100 funds: 38 of 240 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in NTB. 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 NTB?

56% of holders stayed for 2+ years: 134 out of 240 hedge funds have held NTB 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 Bank of N T Butterfield & So (NTB) following the 2026 Q1 hedge fund 13F filings?

As of today, NTB has moved +7.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of +1.3%. Since the quarter end (March 31, 2026), NTB has gained +11.6% vs +9.5% 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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