Vault-13

BANK OF NT BUTTERFIELD&SON L NTB

SHS NEW · Common Stock · CUSIP G0772R208

168 institutional holders +5 vs Q1 2024
30,374,91830.4m shares reported held*
$1.1bnreported value*
22 new 43 added 68 reduced 18 sold out net sold ≈ $28.5m (-815.7k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($4.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $35.11. Options: 5 managers hold calls ($845.6k notional), 5 hold puts ($3.0m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 151Q4 22: 164Q1 23: 162Q2 23: 151Q3 23: 146Q4 23: 162Q1 24: 163Q2 24: 168168Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022151
Q4 2022164
Q1 2023162
Q2 2023151
Q3 2023146
Q4 2023162
Q1 2024163
Q2 2024168

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 80 bought or addedQ4 22: 67 cut or sold outQ4 22Q1 23: 90 bought or addedQ1 23: 69 cut or sold outQ2 23: 75 bought or addedQ2 23: 82 cut or sold outQ2 23Q3 23: 68 bought or addedQ3 23: 73 cut or sold outQ4 23: 70 bought or addedQ4 23: 77 cut or sold outQ4 23Q1 24: 74 bought or addedQ1 24: 83 cut or sold outQ2 24: 65 bought or addedQ2 24: 86 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20228067
Q1 20239069
Q2 20237582
Q3 20236873
Q4 20237077
Q1 20247483
Q2 20246586

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3m$4mQ3 23 calls: $724.9kQ3 23 puts: $795.8kQ3 23P/C 1.10Q4 23 calls: $1.2mQ4 23 puts: $524.6kQ4 23P/C 0.42Q1 24 calls: $1.8mQ1 24 puts: $2.9mQ1 24P/C 1.62Q2 24 calls: $845.6kQ2 24 puts: $3.0mQ2 24P/C 3.55
Numbers
QuarterCallsPutsP/C
Q3 2023$724.9k$795.8k1.10
Q4 2023$1.2m$524.6k0.42
Q1 2024$1.8m$2.9m1.62
Q2 2024$845.6k$3.0m3.55

Biggest buyers

WESTWOOD HOLDINGS GROUP INC New +908,477+908.5k
AMERICAN CENTURY COMPANIES INC Added +211,147+211.1k
SEGALL BRYANT & HAMILL, LLC New +137,870+137.9k
VICTORY CAPITAL MANAGEMENT INC Added +119,572+119.6k
DIMENSIONAL FUND ADVISORS LP Added +51,875+51.9k
CITADEL ADVISORS LLC Added +51,108+51.1k
MARTINGALE ASSET MANAGEMENT L P New +50,213+50.2k
JACOBS LEVY EQUITY MANAGEMENT, INC New +48,328+48.3k
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM Added +41,075+41.1k
JANE STREET GROUP, LLC Added +38,928+38.9k

Biggest sellers

MORGAN STANLEY Reduced -387,073-387.1k
BANK OF MONTREAL /CAN/ Sold out -377,626-377.6k
ADAGE CAPITAL PARTNERS GP, L.L.C. Reduced -324,288-324.3k
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Reduced -249,380-249.4k
MILLENNIUM MANAGEMENT LLC Reduced -199,736-199.7k
Grandeur Peak Global Advisors, LLC Reduced -147,839-147.8k
TUDOR INVESTMENT CORP ET AL Sold out -114,480-114.5k
MENDON CAPITAL ADVISORS CORP Reduced -104,022-104.0k
Curi Capital, LLC Reduced -104,022-104.0k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -62,062-62.1k

Biggest calls

CITADEL ADVISORS LLC Reduced $460.1k13.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $281.0k8.0k shares
SIMPLEX TRADING, LLC Added $73.0k2.1k shares
GROUP ONE TRADING LLC Reduced $31.6k900 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

GROUP ONE TRADING LLC Unchanged $1.8m49.9k shares
SIMPLEX TRADING, LLC Added $635.0k18.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $505.7k14.4k shares
CITADEL ADVISORS LLC Reduced $108.9k3.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q2 2024

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.01% of their portfolio BOSTON, MA 2,706,9432.7m $95.1m $95.1m 0.01% Reduced -7.1k -7,100
2 BlackRock Inc. 0.00% of their portfolio New York, NY 2,631,0542.6m $92.4m $92.4m 0.00% Reduced -37.7k -37,669
3 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,152,3402.2m $75.6m $75.6m 0.00% Added +28.0k +27,972
4 Nuveen Asset Management, LLC 0.02% of their portfolio CHICAGO, IL 1,796,3431.8m $63.1m $63.1m 0.02% Added +27.5k +27,525
5 Rovida Advisors Inc. 22.44% of their portfolio Fort Lauderdale, FL 1,793,4371.8m $62.9m $62.9m 22.44% Unchanged
6 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 1,600,8641.6m $56.2m $56.2m 0.01% Added +51.9k +51,875
7 MACQUARIE GROUP LTD 0.06% of their portfolio Sydney, NSW 2000, C3 1,455,1481.5m $51.1m $51.1m 0.06% Reduced -53.6k -53,613
8 Thrivent Financial for Lutherans 0.08% of their portfolio Minneapolis, MN 1,165,6121.2m $40.9m $40.9m 0.08% Added +2.0k +2,030
9 Davis Selected Advisers 0.22% of their portfolio Tucson, AZ 1,080,3401.1m $37.9m $37.9m 0.22% Reduced -5.2k -5,220
10 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.12% of their portfolio Los Angeles, CA 1,010,4501.0m $35.5m $35.5m 0.12% Reduced -249.4k -249,380
11 WESTWOOD HOLDINGS GROUP INC 0.15% of their portfolio DALLAS, TX 908,477908.5k $31.9m $31.9m 0.15% New
12 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 876,472876.5k $30.8m $30.8m 0.02% Added +211.1k +211,147
13 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 869,995870.0k $30.6m $30.6m 0.00% Reduced -33.7k -33,718
14 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio Boston, MA 856,387856.4k $30.1m $30.1m 0.06% Reduced -324.3k -324,288
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 825,579825.6k $29.0m $29.0m 0.00% Reduced -8.1k -8,083
16 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 799,525799.5k $28.1m $28.1m 0.01% Added +17.9k +17,857
17 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 566,116566.1k $19.9m $19.9m 0.00% Added +9.2k +9,236
18 ROYCE & ASSOCIATES LP 0.15% of their portfolio New York, NY 465,675465.7k $16.4m $16.4m 0.15% Reduced -15.1k -15,072
19 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 381,876381.9k $13.4m $13.4m 0.01% Added +119.6k +119,572
20 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 347,953348.0k $12.2m $12.2m 0.00% Reduced -9.0k -9,027
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 326,822326.8k $11.5m $11.5m 0.00% Reduced -387.1k -387,073
22 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 321,326321.3k $11.3m $11.3m 0.00% Reduced -62.1k -62,062
23 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 298,599298.6k $10.5m $10.5m 0.00% Reduced -18.4k -18,385
24 NORGES BANK 0.00% of their portfolio OSLO, Q8 247,913247.9k $8.7m $8.7m 0.00% Reduced -53.4k -53,358
25 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.17% of their portfolio HOUSTON, TX 205,413205.4k $7.2m $7.2m 0.17% Added +33.4k +33,390
26 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 192,231192.2k $6.8m $6.8m 0.00% Added +22.3k +22,267
27 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 173,041173.0k $5.9m $5.9m 0.00% Added +4.9k +4,881
28 Harbor Advisors LLC 1.07% of their portfolio West Palm Beach, FL 165,408165.4k $5.8m $5.8m 1.07% Unchanged
29 Strategic Global Advisors, LLC 1.15% of their portfolio NEWPORT BEACH, CA 156,818156.8k $5.5m $5.5m 1.15% Reduced -1.4k -1,352
30 DENALI ADVISORS LLC 1.41% of their portfolio SAN DIEGO, CA 146,415146.4k $5.1m $5.1m 1.41% Added +9.1k +9,149
31 Assenagon Asset Management S.A. 0.01% of their portfolio SENNINGERBERG, N4 143,759143.8k $5.0m $5.0m 0.01% Reduced -9.1k -9,137
32 SEGALL BRYANT & HAMILL, LLC 0.09% of their portfolio CHICAGO, IL 137,870137.9k $4.8m $4.8m 0.09% New
33 Empowered Funds, LLC 0.08% of their portfolio NEWTOWN SQUARE, PA 124,213124.2k $4.4m $4.4m 0.08% Reduced -57.4k -57,433
34 LSV ASSET MANAGEMENT 0.01% of their portfolio CHICAGO, IL 122,900122.9k $4.3m $4.3m 0.01% Unchanged
35 Cubist Systematic Strategies, LLC 0.07% of their portfolio STAMFORD, CT 118,469118.5k $4.2m $4.2m 0.07% Added +30.5k +30,507
36 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 115,665115.7k $4.1m $4.1m 0.00% Reduced -1.9k -1,948
37 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 113,952114.0k $4.0m $4.0m 0.00% Added +8.2k +8,233
38 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 106,659106.7k $3.7m $3.7m 0.01% Reduced -3.2k -3,237
39 GLOBEFLEX CAPITAL L P 0.39% of their portfolio SAN DIEGO, CA 105,050105.0k $3.7m $3.7m 0.39% Unchanged
40 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 101,223101.2k $3.6m $3.6m 0.00% Reduced -199.7k -199,736
41 SOROS FUND MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 101,000101.0k $3.5m $3.5m 0.08% Unchanged
42 MENDON CAPITAL ADVISORS CORP 2.17% of their portfolio KEY LARGO, FL 100,000100.0k $3.5m $3.5m 2.17% Reduced -104.0k -104,022
43 Curi Capital, LLC 0.08% of their portfolio CHICAGO, IL 100,000100.0k $3.5m $3.5m 0.08% Reduced -104.0k -104,022
44 Ulysses Management LLC 0.84% of their portfolio New York, NY 100,000100.0k $3.5m $3.5m 0.84% Unchanged
45 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 98,09698.1k $3.4m $3.4m 0.00% Reduced -22.7k -22,669
46 PROSPECTOR PARTNERS LLC 0.39% of their portfolio GUILFORD, CT 95,67595.7k $3.4m $3.4m 0.39% Unchanged
47 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 94,44094.4k $3.3m $3.3m 0.00% Reduced -1.9k -1,882
48 HAHN CAPITAL MANAGEMENT LLC 1.50% of their portfolio WALNUT CREEK, CA 89,82689.8k $3.2m $3.2m 1.50% Added +15.1k +15,075
49 Grandeur Peak Global Advisors, LLC 0.24% of their portfolio SALT LAKE CITY, UT 86,94486.9k $3.1m $3.1m 0.24% Reduced -147.8k -147,839
50 Amitell Capital Pte Ltd 2.53% of their portfolio SINGAPORE, U0 83,48283.5k $2.9m $2.9m 2.53% Unchanged
51 Sapience Investments, LLC 1.45% of their portfolio Irvine, CA 80,95181.0k $2.8m $2.8m 1.45% Reduced -12.8k -12,836
52 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 74,91074.9k $2.6m $2.6m 0.00% Reduced -5.8k -5,798
53 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 72,14572.1k $2.5m $2.5m 0.00% Added +2.4k +2,420
54 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 69,82769.8k $2.5m $2.5m 0.00% Reduced -10.9k -10,884
55 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 68,88668.9k $2.4m $2.4m 0.00% Added +51.1k +51,108
56 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 63,22763.2k $2.2m $2.2m 0.00% Added +2.4k +2,406
57 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 58,73758.7k $2.1m $2.1m 0.00% Added +41.1k +41,075
58 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 54,56054.6k $1.9m $1.9m 0.00% Unchanged
59 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 50,56350.6k $1.7m $1.7m 0.00% Added +5.3k +5,253
60 MARTINGALE ASSET MANAGEMENT L P 0.04% of their portfolio BOSTON, MA 50,21350.2k $1.8m $1.8m 0.04% New
61 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 50,13750.1k $1.8m $1.8m 0.00% Added +38.9k +38,928
62 JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio FLORHAM PARK, NJ 48,32848.3k $1.7m $1.7m 0.01% New
63 EPACRIA CAPITAL PARTNERS, LLC 1.08% of their portfolio BOULDER, CO 42,09242.1k $1.5m $1.5m 1.08% Unchanged
64 HARBOR CAPITAL ADVISORS, INC. 0.11% of their portfolio CHICAGO, IL 40,60640.6k $1.4m $1.4m 0.11% Added +26.5k +26,494
65 ExodusPoint Capital Management, LP 0.02% of their portfolio NEW YORK, NY 40,48040.5k $1.4m $1.4m 0.02% Added +2.4k +2,417
66 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 40,40740.4k $1.4m $1.4m 0.00% Reduced -18.1k -18,066
67 JENNISON ASSOCIATES LLC 0.00% of their portfolio NEW YORK, NY 38,28038.3k $1.3m $1.3m 0.00% Added +7.7k +7,740
68 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio JUPITER, FL 32,80032.8k $1.2m $1.2m 0.00% Reduced -26.0k -26,048
69 ALGERT GLOBAL LLC 0.04% of their portfolio SAN FRANCISCO, CA 32,38032.4k $1.1m $1.1m 0.04% Reduced -8.8k -8,790
70 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 30,85530.9k $1.1m $1.1m 0.00% Added +8.7k +8,739
71 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 29,59629.6k $1.0m $1.0m 0.00% Reduced -263 -263
72 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 28,94628.9k $1.0m $1.0m 0.00% Added +3.6k +3,574
73 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 26,75626.8k $939.7k $939.7k 0.01% Added +1.4k +1,362
74 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 26,73026.7k $938.8k $938.8k 0.00% Added +2.5k +2,465
75 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 26,61426.6k $934.7k $934.7k 0.00% Reduced -697 -697
76 Corebridge Financial, Inc. 0.00% of their portfolio HOUSTON, TX 25,02725.0k $878.9k $878.9k 0.00% First filing
77 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 24,53024.5k $861.5k $861.5k 0.00% New
78 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 24,40524.4k $857.1k $857.1k 0.00% First filing
79 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 24,34124.3k $855.0k $855.0k 0.00% New
80 FIRST HAWAIIAN BANK 0.03% of their portfolio HONOLULU, HI 23,48723.5k $824.9k $824.9k 0.03% Unchanged
81 WEDGE CAPITAL MANAGEMENT L L P/NC 0.01% of their portfolio CHARLOTTE, NC 22,36722.4k $785.5k $785.5k 0.01% Reduced -3.2k -3,199
82 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 19,61019.6k $688.7k $688.7k 0.00% Reduced -514 -514
83 Engineers Gate Manager LP 0.02% of their portfolio NEW YORK, NY 19,23119.2k $675.4k $675.4k 0.02% Reduced -12.8k -12,768
84 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 18,45218.5k $648.0k $648.0k 0.00% Reduced -4.2k -4,171
85 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 17,70017.7k $621.6k $621.6k 0.00% Reduced -8.4k -8,400
86 UBS Group AG 0.00% of their portfolio ZURICH, V8 17,47017.5k $613.5k $613.5k 0.00% Reduced -35.7k -35,745
87 ZACKS INVESTMENT MANAGEMENT 0.01% of their portfolio Chicago, IL 17,32917.3k $608.6k $608.6k 0.01% New
88 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 16,97617.0k $596.2k $596.2k 0.00% Reduced -26 -26
89 Summit Global Investments 0.04% of their portfolio BOUNTIFUL, UT 16,54816.5k $581.0k $581.0k 0.04% Added +3.3k +3,342
90 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 16,12216.1k $566.2k $566.2k 0.00% Reduced -17.7k -17,662
91 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 15,82915.8k $555.9k $555.9k 0.00% New
92 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 15,30015.3k $537.3k $537.3k 0.00% Reduced -2.0k -2,000
93 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 15,04415.0k $528.3k $528.3k 0.00% Reduced -306 -306
94 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 14,74914.7k $518.0k $518.0k 0.00% Added +891 +891
95 Man Group plc 0.00% of their portfolio LONDON, X0 14,32414.3k $503.1k $503.1k 0.00% Reduced -39.6k -39,589
96 Barnett & Company, Inc. 0.36% of their portfolio CHATTANOOGA, TN 14,28014.3k $501.5k $501.5k 0.36% Unchanged
97 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 12,47612.5k $438.0k $438.0k 0.00% Reduced -1.3k -1,305
98 OCCUDO QUANTITATIVE STRATEGIES LP 0.08% of their portfolio FORT LAUDERDALE, FL 12,46912.5k $437.9k $437.9k 0.08% New
99 Nebula Research & Development LLC 0.07% of their portfolio New York, NY 12,25412.3k $430.4k $430.4k 0.07% Reduced -11.0k -11,002
100 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 11,76311.8k $413.0k $413.0k 0.00% Added +5.3k +5,308