Vault-13

BANK OF NT BUTTERFIELD&SON L NTB

SHS NEW · Common Stock · CUSIP G0772R208

204 institutional holders +10 vs Q1 2025
29,929,20729.9m shares reported held*
$1.3bnreported value*
24 new 66 added 75 reduced 14 sold out net sold ≈ $30.7m (-450.4k 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 ($8.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $44.28. Options: 4 managers hold calls ($322.8k notional), 2 hold puts ($4.0k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 151Q4 22: 164Q1 23: 162Q2 23: 151Q3 23: 146Q4 23: 162Q1 24: 163Q2 24: 168Q3 24: 182Q4 24: 196Q1 25: 194Q2 25: 204204Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022151
Q4 2022164
Q1 2023162
Q2 2023151
Q3 2023146
Q4 2023162
Q1 2024163
Q2 2024168
Q3 2024182
Q4 2024196
Q1 2025194
Q2 2025204

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 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 24Q3 24: 101 bought or addedQ3 24: 63 cut or sold outQ4 24: 92 bought or addedQ4 24: 79 cut or sold outQ4 24Q1 25: 84 bought or addedQ1 25: 86 cut or sold outQ2 25: 90 bought or addedQ2 25: 89 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20236873
Q4 20237077
Q1 20247483
Q2 20246586
Q3 202410163
Q4 20249279
Q1 20258486
Q2 20259089

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ3 24 calls: $379.7kQ3 24 puts: $173.3kQ3 24P/C 0.46Q4 24 calls: $164.5kQ4 24 puts: $124.3kQ4 24P/C 0.76Q1 25 calls: $163.5kQ1 25 puts: $128.4kQ1 25P/C 0.79Q2 25 calls: $322.8kQ2 25 puts: $4.0kQ2 25P/C 0.01
Numbers
QuarterCallsPutsP/C
Q3 2024$379.7k$173.3k0.46
Q4 2024$164.5k$124.3k0.76
Q1 2025$163.5k$128.4k0.79
Q2 2025$322.8k$4.0k0.01

Biggest buyers

Rovida Investment Management Ltd Added +244,000+244.0k
AMERICAN CENTURY COMPANIES INC Added +120,467+120.5k
TUDOR INVESTMENT CORP ET AL New +115,514+115.5k
ACADIAN ASSET MANAGEMENT LLC Added +107,176+107.2k
FEDERATED HERMES, INC. Added +75,668+75.7k
LSV ASSET MANAGEMENT Added +74,800+74.8k
AQR CAPITAL MANAGEMENT LLC Added +53,513+53.5k
Assenagon Asset Management S.A. New +49,080+49.1k
ROYAL BANK OF CANADA Added +38,806+38.8k
Canoe Financial LP Added +37,359+37.4k

Biggest sellers

Nuveen, LLC Reduced -291,659-291.7k
ADAGE CAPITAL PARTNERS GP, L.L.C. Reduced -202,753-202.8k
BlackRock, Inc. Reduced -135,290-135.3k
WESTWOOD HOLDINGS GROUP INC Reduced -101,431-101.4k
GOLDMAN SACHS GROUP INC Reduced -79,378-79.4k
TWO SIGMA INVESTMENTS, LP Reduced -72,295-72.3k
TWO SIGMA ADVISERS, LP Sold out -59,900-59.9k
Thrivent Financial for Lutherans Reduced -57,372-57.4k
AMERIPRISE FINANCIAL INC Reduced -54,201-54.2k
NORTHERN TRUST CORP Reduced -41,656-41.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $270.1k6.1k shares
GROUP ONE TRADING LLC Added $48.7k1.1k shares
SIMPLEX TRADING, LLC New $4.0k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SIMPLEX TRADING, LLC New $4.0k100 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 2025

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 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.01% of their portfolio BOSTON, MA 2,699,3002.7m $119.5m $119.5m 0.01% Reduced -3.0k -3,013
2 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,414,1612.4m $106.9m $106.9m 0.00% Reduced -135.3k -135,290
3 Rovida Investment Management Ltd 14.70% of their portfolio Grand Cayman, E9 1,793,4371.8m $79.4m $79.4m 14.70% Added +244.0k +244,000
4 Nuveen, LLC 0.02% of their portfolio CHARLOTTE, NC 1,689,6741.7m $74.8m $74.8m 0.02% Reduced -291.7k -291,659
5 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 1,586,1811.6m $70.2m $70.2m 0.02% Reduced -31.1k -31,115
6 MACQUARIE GROUP LTD 0.08% of their portfolio Sydney, NSW 2000, C3 1,405,1351.4m $62.2m $62.2m 0.08% Reduced -1.2k -1,231
7 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 1,377,6641.4m $61.0m $61.0m 0.03% Added +120.5k +120,467
8 Thrivent Financial for Lutherans 0.11% of their portfolio Minneapolis, MN 1,118,9831.1m $49.5m $49.5m 0.11% Reduced -57.4k -57,372
9 Davis Selected Advisers 0.25% of their portfolio Tucson, AZ 1,062,2641.1m $47.0m $47.0m 0.25% Reduced -6.2k -6,177
10 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.14% of their portfolio Los Angeles, CA 965,370965.4k $42.7m $42.7m 0.14% Reduced -19.0k -19,000
11 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 917,385917.4k $40.6m $40.6m 0.01% Added +33.7k +33,657
12 WESTWOOD HOLDINGS GROUP INC 0.28% of their portfolio DALLAS, TX 892,376892.4k $39.5m $39.5m 0.28% Reduced -101.4k -101,431
13 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 852,986853.0k $37.8m $37.8m 0.00% Added +1.7k +1,717
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 769,557769.6k $34.1m $34.1m 0.00% Added +3.7k +3,688
15 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 756,976757.0k $33.5m $33.5m 0.00% Reduced -30.3k -30,277
16 LSV ASSET MANAGEMENT 0.06% of their portfolio CHICAGO, IL 609,459609.5k $27.0m $27.0m 0.06% Added +74.8k +74,800
17 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 538,823538.8k $23.9m $23.9m 0.00% Reduced -5.3k -5,296
18 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 504,578504.6k $22.3m $22.3m 0.01% Added +12.1k +12,119
19 ROYCE & ASSOCIATES LP 0.20% of their portfolio New York, NY 430,503430.5k $19.1m $19.1m 0.20% Reduced -7.5k -7,500
20 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 343,179343.2k $15.2m $15.2m 0.00% Reduced -41.7k -41,656
21 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio Boston, MA 337,264337.3k $14.9m $14.9m 0.03% Reduced -202.8k -202,753
22 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 336,885336.9k $14.9m $14.9m 0.00% Reduced -54.2k -54,201
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 314,586314.6k $13.9m $13.9m 0.00% Added +28.2k +28,162
24 JACOBS LEVY EQUITY MANAGEMENT, INC 0.05% of their portfolio FLORHAM PARK, NJ 301,207301.2k $13.3m $13.3m 0.05% Reduced -4.5k -4,495
25 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.28% of their portfolio HOUSTON, TX 268,419268.4k $11.9m $11.9m 0.28% Added +3.2k +3,158
26 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 208,712208.7k $9.2m $9.2m 0.01% Added +53.5k +53,513
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 207,870207.9k $9.2m $9.2m 0.00% Reduced -32.9k -32,901
28 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 204,668204.7k $9.1m $9.1m 0.00% Reduced -79.4k -79,378
29 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 180,334180.3k $8.0m $8.0m 0.01% Reduced -9.7k -9,727
30 Strategic Global Advisors, LLC 1.20% of their portfolio NEWPORT BEACH, CA 166,939166.9k $7.4m $7.4m 1.20% Reduced -6.3k -6,303
31 Empowered Funds, LLC 0.08% of their portfolio NEWTOWN SQUARE, PA 162,219162.2k $7.2m $7.2m 0.08% Added +3.2k +3,158
32 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 161,713161.7k $7.2m $7.2m 0.01% Reduced -28.3k -28,341
33 Harbor Advisors LLC 1.13% of their portfolio West Palm Beach, FL 155,408155.4k $6.9m $6.9m 1.13% Unchanged
34 DENALI ADVISORS LLC 0.69% of their portfolio SAN DIEGO, CA 150,254150.3k $6.7m $6.7m 0.69% Reduced -20.1k -20,132
35 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 137,993138.0k $6.1m $6.1m 0.01% Added +75.7k +75,668
36 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 132,598132.6k $5.8m $5.8m 0.00% Added +2.2k +2,190
37 ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio Boston, MA 131,481131.5k $5.8m $5.8m 0.01% Added +107.2k +107,176
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 122,945122.9k $5.4m $5.4m 0.00% Added +21.8k +21,831
39 TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio STAMFORD, CT 115,514115.5k $5.1m $5.1m 0.04% New
40 HARBOR CAPITAL ADVISORS, INC. 0.21% of their portfolio CHICAGO, IL 113,876113.9k $5.0m $5.0m 0.21% Added +1.2k +1,250
41 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 109,607109.6k $4.9m $4.9m 0.00% Added +2.0k +1,962
42 SEGALL BRYANT & HAMILL, LLC 0.07% of their portfolio CHICAGO, IL 109,011109.0k $4.8m $4.8m 0.07% Reduced -7.1k -7,122
43 PROSPECTOR PARTNERS LLC 0.56% of their portfolio GUILFORD, CT 108,575108.6k $4.8m $4.8m 0.56% Unchanged
44 GLOBEFLEX CAPITAL L P 0.39% of their portfolio SAN DIEGO, CA 105,050105.0k $4.7m $4.7m 0.39% Unchanged
45 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 96,29596.3k $4.3m $4.3m 0.01% Added +25.8k +25,758
46 HAHN CAPITAL MANAGEMENT LLC 1.90% of their portfolio WALNUT CREEK, CA 90,97891.0k $4.0m $4.0m 1.90% Reduced -1.6k -1,582
47 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 90,38690.4k $4.0m $4.0m 0.01% Reduced -475 -475
48 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 86,09386.1k $3.8m $3.8m 0.00% Added +3.8k +3,820
49 MARTINGALE ASSET MANAGEMENT L P 0.09% of their portfolio BOSTON, MA 82,20882.2k $3.6m $3.6m 0.09% Reduced -5.2k -5,204
50 JCSD Capital, LLC 6.79% of their portfolio Walnut Creek, CA 78,80078.8k $3.5m $3.5m 6.79% First filing
51 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 78,17878.2k $3.5m $3.5m 0.00% Added +38.8k +38,806
52 Man Group plc 0.01% of their portfolio LONDON, X0 75,39475.4k $3.3m $3.3m 0.01% Added +6.1k +6,072
53 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 72,72172.7k $3.2m $3.2m 0.00% Added +28.1k +28,100
54 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 69,57269.6k $3.1m $3.1m 0.01% Reduced -40.1k -40,145
55 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 65,62365.6k $2.9m $2.9m 0.00% Added +28.1k +28,059
56 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 65,13865.1k $2.9m $2.9m 0.00% Reduced -26.7k -26,736
57 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 64,73964.7k $2.9m $2.9m 0.00% Added +1.8k +1,750
58 NORGES BANK 0.00% of their portfolio OSLO, Q8 64,66664.7k $2.9m $2.9m 0.00% Reduced -34.7k -34,723
59 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 61,79961.8k $2.7m $2.7m 0.00% Reduced -4.7k -4,690
60 Ulysses Management LLC 0.58% of their portfolio New York, NY 60,40760.4k $2.7m $2.7m 0.58% Unchanged
61 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 58,81058.8k $2.6m $2.6m 0.00% Reduced -6.0k -6,000
62 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 57,83357.8k $2.6m $2.6m 0.00% Added +511 +511
63 Amitell Capital Pte Ltd 1.42% of their portfolio SINGAPORE, U0 57,03157.0k $2.5m $2.5m 1.42% Unchanged
64 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 54,26754.3k $2.4m $2.4m 0.00% Reduced -4.4k -4,369
65 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 53,65353.7k $2.4m $2.4m 0.00% Reduced -2.7k -2,659
66 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 52,12352.1k $2.3m $2.3m 0.01% Reduced -4.4k -4,415
67 Polaris Capital Management, LLC 0.15% of their portfolio BOSTON, MA 50,70050.7k $2.2m $2.2m 0.15% Reduced -3.9k -3,900
68 Canoe Financial LP 0.03% of their portfolio CALGARY, A0 50,27550.3k $2.2m $2.2m 0.03% Added +37.4k +37,359
69 Assenagon Asset Management S.A. 0.00% of their portfolio SENNINGERBERG, N4 49,08049.1k $2.2m $2.2m 0.00% New
70 Sapience Investments, LLC 1.43% of their portfolio Irvine, CA 48,32448.3k $2.1m $2.1m 1.43% Reduced -1.7k -1,737
71 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 46,53046.5k $2.1m $2.1m 0.00% Unchanged
72 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 44,21344.2k $2.0m $2.0m 0.00% Reduced -33.7k -33,679
73 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 43,97144.0k $1.9m $1.9m 0.00% Reduced -35.1k -35,149
74 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 43,73043.7k $1.9m $1.9m 0.00% Added +17.0k +16,968
75 IEQ CAPITAL, LLC 0.01% of their portfolio Foster City, CA 42,36742.4k $1.9m $1.9m 0.01% Added +14.8k +14,815
76 EPACRIA CAPITAL PARTNERS, LLC 1.56% of their portfolio BOULDER, CO 42,29242.3k $1.9m $1.9m 1.56% Unchanged
77 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 37,96438.0k $1.7m $1.7m 0.00% Added +14.2k +14,206
78 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 37,91437.9k $1.7m $1.7m 0.01% Added +28.9k +28,914
79 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 35,35035.4k $1.6m $1.6m 0.00% Added +1.3k +1,304
80 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 33,06533.1k $1.5m $1.5m 0.00% Added +10.8k +10,780
81 Campbell & CO Investment Adviser LLC 0.09% of their portfolio BALTIMORE, MD 31,46931.5k $1.4m $1.4m 0.09% New
82 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.03% of their portfolio Seattle, WA 30,74330.7k $1.4m $1.4m 0.03% Added +4.6k +4,572
83 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 29,48029.5k $1.3m $1.3m 0.01% Reduced -320 -320
84 INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio WEST PALM BEACH, FL 29,23329.2k $1.3m $1.3m 0.01% Unchanged
85 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 28,46228.5k $1.3m $1.3m 0.00% Reduced -5.9k -5,888
86 PDT Partners, LLC 0.07% of their portfolio New York, NY 27,44227.4k $1.2m $1.2m 0.07% Reduced -131 -131
87 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 27,35827.4k $1.2m $1.2m 0.00% Reduced -72.3k -72,295
88 Cubist Systematic Strategies, LLC 0.01% of their portfolio STAMFORD, CT 26,36126.4k $1.2m $1.2m 0.01% Reduced -26.8k -26,847
89 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 25,82325.8k $1.1m $1.1m 0.01% Unchanged
90 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 24,54924.5k $1.1m $1.1m 0.01% Reduced -24.5k -24,479
91 WEDGE CAPITAL MANAGEMENT L L P/NC 0.02% of their portfolio CHARLOTTE, NC 23,98224.0k $1.1m $1.1m 0.02% Reduced -1.3k -1,342
92 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 23,91523.9k $1.1m $1.1m 0.00% Reduced -2.5k -2,476
93 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 23,90423.9k $1.1m $1.1m 0.00% Unchanged
94 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 23,23123.2k $1.0m $1.0m 0.00% Added +145 +145
95 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 22,07522.1k $978.0k $978.0k 0.00% Added +2.8k +2,799
96 Redhawk Wealth Advisors, Inc. 0.12% of their portfolio MINNEAPOLIS, MN 20,72420.7k $917.7k $917.7k 0.12% New
97 Nebula Research & Development LLC 0.08% of their portfolio New York, NY 20,61520.6k $912.8k $912.8k 0.08% Added +20 +20
98 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 19,81519.8k $877.4k $877.4k 0.00% Added +7.3k +7,284
99 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 18,60018.6k $823.6k $823.6k 0.00% Reduced -300 -300
100 CWM, LLC 0.00% of their portfolio OMAHA, NE 18,30318.3k $810.0k $810.0k 0.00% Added +3.3k +3,303