The Bank of N.T. Butterfield & Son

NTB • NYSE

The Bank of N.T. Butterfield & Son is a banks - diversified company in the financial services sector on NYSE, led by Michael Neff, with a market cap of $2.1B. As of Q3 2025, 71% of shares are held by 215 institutional investors, with FMR LLC as the largest holder at 6.45%.

CEOMichael Neff

Market Cap$2.1B

Banks - Diversified

Financial Services

Employees1.3K

Websitebutterfieldgroup.com

Overview

Overview of institutional ownership in NTB as of Q3 2025 with a market cap of $1.8B

All Institutions

Institutions: 215
Value Held: $1.3B
Shares Held: 29.6M
Avg Position: $5.9M
Median Position: $643.2K

Hedge Funds

Hedge Funds: 28
Value Held: $85.5M
Shares Held: 2.0M
Avg Position: $3.1M
Median Position: $1.4M

Ownership Breakdown

Institutional (non-HF)

66.16%

$1.2B

Hedge Funds

4.78%

$85.5M

Retail & Other

29.06%

$520.4M

Based on market cap of $1.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in NTB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
FMR LLC Institution	-	$115.6M 0.01% of portfolio	6.45% 2.7M shares	Q3 2016 Held for 9y 2m	$1.92T
B BlackRock, Inc. Institution	-	$98.2M 0.00% of portfolio	5.48% 2.3M shares	Q4 2016 Held for 8y 11m	$5.67T
R Rovida Investment Management Ltd Institution	-	$76.9M 8.82% of portfolio	4.30% 1.8M shares	Q4 2024 Held for 11 months	$871.7M
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$67.3M 0.01% of portfolio	3.76% 1.6M shares	Q3 2017 Held for 8y 2m	$466.32B
A AMERICAN CENTURY COMPANIES INC Institution	-	$65.1M 0.03% of portfolio	3.64% 1.5M shares	Q2 2023 Held for 2y 5m	$195.93B
M MACQUARIE GROUP LTD Institution	-	$55.0M 0.07% of portfolio	3.07% 1.3M shares	Q3 2017 Held for 8y 2m	$82.9B
DAVIS SELECTED ADVISERS Long Only Manager	Gary Paul Tyc President	$45.4M 0.24% of portfolio	2.54% 1.1M shares	Q1 2018 Held for 7y 8m	$19.2B
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	Teresa Joy Rasmussen CEO	$43.5M 0.09% of portfolio	2.43% 1.0M shares	Q4 2019 Held for 5y 11m	$48.0B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$41.5M 0.01% of portfolio	2.31% 965.8K shares	Q1 2017 Held for 8y 8m	$633.08B
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	Scott Hoy Mcbride CEO	$40.6M 0.13% of portfolio	2.27% 945.4K shares	Q3 2016 Held for 9y 2m	$32.2B

Net Capital Flow

Institutional buying and selling activity for NTB in Q3 2025

Traded: −$17.3M
Buyers: 110
Sellers: 77
Total Bought: +$81.4M
Total Sold: −$98.7M
Avg Position: $5.5M

Biggest Buyers

Institution	Net Bought	Current Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$9.2M +215.4K shares	$17.0M 395.7K shares
A Assenagon Asset Management S.A. Institution	+$8.9M +206.5K shares	$11.0M 255.5K shares
Q Qube Research & Technologies Ltd Institution	+$6.5M +150.5K shares	$13.4M 312.2K shares
A AMERICAN CENTURY COMPANIES INC Institution	+$6.0M +140.0K shares	$65.1M 1.5M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$4.5M +105.1K shares	$5.7M 132.5K shares
J JANE STREET GROUP, LLC Institution	+$3.8M +89.6K shares	$8.0M 185.9K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$3.6M +84.8K shares	$12.6M 293.6K shares
PANAGORA ASSET MANAGEMENT INC Hedge Fund•Quant	+$2.9M +67.3K shares	$2.9M 67.3K shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$2.6M +61.4K shares	$8.3M 192.9K shares
C Cubist Systematic Strategies, LLC Institution	+$2.2M +52.2K shares	$3.4M 78.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
N Nuveen, LLC Institution	−$34.1M −794.0K shares	$38.4M 895.7K shares
WESTWOOD HOLDINGS GROUP INC Institution	−$7.4M −172.3K shares	$30.9M 720.0K shares
UBS Group AG Institution	−$7.2M −166.9K shares	$1.8M 41.0K shares
B BlackRock, Inc. Institution	−$5.5M −127.1K shares	$98.2M 2.3M shares
M MACQUARIE GROUP LTD Institution	−$5.3M −122.7K shares	$55.0M 1.3M shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	−$4.5M −105.0K shares	$43.5M 1.0M shares
HARBOR CAPITAL ADVISORS, INC. ETF Provider	−$3.5M −82.2K shares	$1.4M 31.7K shares
JPMORGAN CHASE & CO Institution	−$2.7M −63.7K shares	$29.8M 693.3K shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	−$2.6M −57.8K shares	Sold Off 0 shares
S Sapience Investments, LLC Long Only Manager	−$2.1M −48.3K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited NTB in Q3 2025

New Positions: 16
New Value: $1.2M
Exited Positions: 13
Exited Value: $9.1M

New Positions

Institution	Position Value
Virtus ETF Advisers LLC Long Only Manager	$583.5K 13.6K shares
Harvest Investment Services, LLC RIA/Wealth	$266.9K 6.2K shares
Buckingham Strategic Partners RIA/Wealth	$208.2K 4.7K shares
S State of Alaska, Department of Revenue Institution	$74.5K 1.7K shares
A Atlantic Trust Group, LLC Institution	$56.1K 1.3K shares
O Optiver Holding B.V. Institution	$16.4K 382.0 shares
Sontag Advisory, LLC RIA/Wealth	$10.0K 232.0 shares
G GROUP ONE TRADING, L.P. Institution	$8.6K 200.0 shares
R Root Financial Partners, LLC RIA/Wealth	$8.5K 199.0 shares
Caitong International Asset Management Co., Ltd RIA/Wealth	$8.2K 190.0 shares

Exited Positions

Institution	Previous Position
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	$2.6M 57.8K shares
S Sapience Investments, LLC Long Only Manager	$2.1M 48.3K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.9M 44.0K shares
ZACKS INVESTMENT MANAGEMENT RIA/Wealth	$597.1K 13.5K shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	$575.6K 13.0K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$570.1K 12.9K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$336.1K 7.6K shares
KINGSWOOD WEALTH ADVISORS, LLC RIA/Wealth	$333.9K 7.5K shares
Olistico Wealth, LLC RIA/Wealth	$8.9K 200.0 shares
S S.A.C. Capital Advisors Ltd. Institution	$4.4K 100.0 shares

Options Activity

Institutions with the largest Call and Put options positions in NTB as of Q3 2025

Call Positions: 1
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with NTB as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
R Rovida Investment Management Ltd Institution	-	8.82% $76.9M	4.30% 1.8M shares	Q4 2024 Held for 11 months	$871.7M
J JCSD Capital, LLC Hedge Fund•Sector	Daniel Joseph Tachiera CCO	6.01% $3.4M	0.19% 78.8K shares	Q2 2025 Held for 5 months	$56.3M
HAHN CAPITAL MANAGEMENT LLC Long Only Manager	John David Schaeffer President	1.78% $3.7M	0.21% 86.7K shares	Q3 2019 Held for 6y 2m	$208.7M
E EPACRIA CAPITAL PARTNERS, LLC Institution	-	1.47% $1.8M	0.10% 42.3K shares	Q1 2023 Held for 2y 8m	$123.2M
A Amitell Capital Pte Ltd Institution	-	1.22% $1.6M	0.09% 38.3K shares	Q1 2025 Held for 8 months	$135.2M
H Harbor Advisors LLC Family Office	Shiaujie Fu Managing Partner	1.03% $6.7M	0.37% 155.4K shares	Q4 2016 Held for 8y 11m	$649.2M
Strategic Global Advisors, LLC Long Only Manager	Cynthia Ann Tusan CEO	0.99% $6.5M	0.36% 152.3K shares	Q2 2017 Held for 8y 5m	$660.3M
DENALI ADVISORS LLC Long Only Manager	Robert Guenther Snigaroff CIO	0.77% $6.8M	0.38% 158.1K shares	Q1 2020 Held for 5y 8m	$885.1M
GLOBEFLEX CAPITAL L P Long Only Manager	Marina Loretta Marrelli CEO	0.70% $4.5M	0.25% 105.1K shares	Q1 2018 Held for 7y 8m	$644.8M
Ulysses Management LLC Hedge Fund•Multi-Strategy	Joshua Nash President	0.60% $2.6M	0.14% 60.4K shares	Q3 2019 Held for 6y 2m	$429.4M

Hedge Fund Spotlight

Discover hedge funds investing in NTB

Quantinno Capital Management LP

Hedge Fund • Market Neutral

Portfolio ManagerHoon Nmn Kim

Portfolio Value: $36.6B
Positions: 2,911
Last Reported: Q3 2025

Sector Allocation

Position in The Bank of N.T. Butterfield & Son

Market Value: $338.8K
Shares Held: 7.9K
Portfolio Weight: 0.00%
Owned Since: 2025-Q2

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