Who owns NBH
Which tracked institutional funds hold NBH, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NBH company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
9 tracked funds added or opened NBH while 4 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
NBH’s largest tracked holder by dollar value, Pathstone Holdings, LLC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in NBH divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 76 tracked filers holding NBH, 42 increased or opened the position and 36 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in NBH between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 1
- Summit Trail Advisors, LLC$689K
Full exits 2
- Saba Capital Management, L.P.$1M
- Balyasny Asset Management L.P.$746K
Largest adds
- Pathstone Holdings, LLC$3M
- MORGAN STANLEY$2M
- ROBINSON CAPITAL MANAGEMENT, LLC$2M
- SIT INVESTMENT ASSOCIATES INC$655K
- Rareview Capital LLC$440K
- WESCAP Management Group, Inc.$353K
Largest trims
- MACKAY SHIELDS LLC$6M
- Fiera Capital Corp$1M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Pathstone Holdings, LLC added | 2,035,040 | $21M | 15.1% | 2026-Q1 |
| MORGAN STANLEY added | 1,341,746 | $14M | 10.0% | 2026-Q1 |
| 1607 Capital Partners, LLC | 1,006,539 | $10M | 7.5% | 2026-Q1 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 929,775 | $9M | 6.9% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC trimmed | 736,251 | $7M | 5.5% | 2026-Q1 |
| Advisors Asset Management, Inc. trimmed | 725,657 | $7M | 5.4% | 2026-Q1 |
| MACKAY SHIELDS LLC trimmed | 623,277 | $6M | 4.6% | 2026-Q1 |
| UBS Group AG added | 473,408 | $5M | 3.5% | 2026-Q1 |
| Rareview Capital LLC added | 462,461 | $5M | 3.3% | 2026-Q1 |
| ROBINSON CAPITAL MANAGEMENT, LLC added | 425,260 | $4M | 3.2% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 279,856 | $3M | 2.1% | 2026-Q1 |
| Professional Financial Management, Inc. added | 249,195 | $3M | 1.8% | 2026-Q1 |
| Hennion & Walsh Asset Management, Inc. trimmed | 218,828 | $2M | 1.6% | 2026-Q1 |
| COHEN & STEERS, INC. added | 217,982 | $2M | 1.6% | 2026-Q1 |
| MELFA WEALTH MANAGEMENT, INC. added | 206,547 | $2M | 1.5% | 2026-Q1 |
| Invesco Ltd. trimmed | 158,105 | $2M | 1.2% | 2026-Q1 |
| Fiera Capital Corp trimmed | 156,271 | $2M | 1.2% | 2026-Q1 |
| Worthington Financial Partners, LLC added | 143,830 | $1M | 1.1% | 2026-Q1 |
| Matisse Capital | 135,900 | $1M | 1.0% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 127,709 | $1M | 0.9% | 2026-Q1 |
| SIT INVESTMENT ASSOCIATES INC added | 113,046 | $1M | 0.8% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC added | 111,408 | $1M | 0.8% | 2026-Q1 |
| WESCAP Management Group, Inc. added | 111,026 | $1M | 0.8% | 2026-Q1 |
| Atala Financial Inc added | 105,286 | $1M | 0.8% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 102,431 | $1M | 0.8% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 88,447 | $898K | 0.7% | 2026-Q1 |
| Karpus Management, Inc. added | 83,021 | $843K | 0.6% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 80,200 | $814K | 0.6% | 2026-Q1 |
| RIVERBRIDGE PARTNERS LLC added | 78,119 | $793K | 0.6% | 2026-Q1 |
| LPL Financial LLC added | 76,739 | $779K | 0.6% | 2026-Q1 |
| Noble Wealth Management PBC added | 75,297 | $764K | 0.6% | 2026-Q1 |
| Ackerman Capital Advisors, LLC trimmed | 69,133 | $702K | 0.5% | 2026-Q1 |
| CURA WEALTH ADVISORS, LLC | 68,000 | $690K | 0.5% | 2026-Q1 |
| Summit Trail Advisors, LLC new | 67,906 | $689K | 0.5% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 57,078 | $579K | 0.4% | 2026-Q1 |
| Bridgewater Advisors Inc. | 50,633 | $526K | 0.4% | 2026-Q1 |
| Plancorp, LLC | 50,009 | $509K | 0.4% | 2026-Q1 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC trimmed | 49,825 | $506K | 0.4% | 2026-Q1 |
| EVOLVE PRIVATE WEALTH, LLC trimmed | 45,899 | $466K | 0.3% | 2026-Q1 |
| HORIZON KINETICS ASSET MANAGEMENT LLC | 41,396 | $420K | 0.3% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 40,128 | $407K | 0.3% | 2026-Q1 |
| Nuveen, LLC added | 37,338 | $379K | 0.3% | 2026-Q1 |
| EVOKE WEALTH, LLC | 36,997 | $378K | 0.3% | 2026-Q1 |
| Closed-End Fund Advisors, Inc. added | 30,916 | $314K | 0.2% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 29,379 | $298K | 0.2% | 2026-Q1 |
| Waverly Advisors, LLC added | 28,408 | $288K | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 26,867 | $273K | 0.2% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 25,530 | $259K | 0.2% | 2026-Q1 |
| INTEGRATED CAPITAL MANAGEMENT, INC. trimmed | 23,386 | $237K | 0.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 22,631 | $230K | 0.2% | 2026-Q1 |
| Bank of New York Mellon Corp added | 22,036 | $224K | 0.2% | 2026-Q1 |
| Avior Wealth Management, LLC added | 21,707 | $220K | 0.2% | 2026-Q1 |
| ROTHSCHILD INVESTMENT LLC | 21,200 | $215K | 0.2% | 2026-Q1 |
| BAR HARBOR WEALTH MANAGEMENT | 19,865 | $202K | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 19,760 | $201K | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 18,895 | $192K | 0.1% | 2026-Q1 |
| &PARTNERS added | 18,777 | $191K | 0.1% | 2026-Q1 |
| Tyche Wealth Partners LLC | 14,816 | $150K | 0.1% | 2026-Q1 |
| Alteri Wealth LLC trimmed | 12,754 | $129K | 0.1% | 2026-Q1 |
| Alesco Advisors, LLC, An ESL Co | 11,739 | $119K | 0.1% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 11,414 | $116K | 0.1% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC trimmed | 10,913 | $111K | 0.1% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 10,687 | $108K | 0.1% | 2026-Q1 |
| NOMURA HOLDINGS INC | 10,000 | $102K | 0.1% | 2026-Q1 |
| HOLLENCREST CAPITAL MANAGEMENT added | 9,687 | $98K | 0.1% | 2026-Q1 |
| Farther Finance Advisors, LLC | 4,046 | $41K | 0.0% | 2026-Q1 |
| Moisand Fitzgerald Tamayo, LLC | 3,736 | $38K | 0.0% | 2026-Q1 |
| Advisory Services Network, LLC | 3,356 | $34K | 0.0% | 2026-Q1 |
| MATHER GROUP, LLC. new | 2,997 | $30K | 0.0% | 2026-Q1 |
| IFG Advisory, LLC new | 2,000 | $20K | 0.0% | 2026-Q1 |
| Community Financial Services Group, LLC new | 1,510 | $15K | 0.0% | 2026-Q1 |
| Penserra Capital Management LLC new | 1,076 | $10K | 0.0% | 2026-Q1 |
| Bulldog Investors, LLP trimmed | 107,709 | $1M | 0.8% | 2025-Q1 stale |
| Saba Capital Management, L.P. trimmed | 110,116 | $1M | 0.8% | 2025-Q4 stale |
| Callahan Advisors, LLC added | 74,205 | $772K | 0.6% | 2025-Q1 stale |
| Balyasny Asset Management L.P. added | 73,748 | $746K | 0.5% | 2025-Q4 stale |
| JANE STREET GROUP, LLC new | 46,640 | $472K | 0.3% | 2025-Q4 stale |
| CITADEL ADVISORS LLC added | 44,164 | $447K | 0.3% | 2025-Q4 stale |
| Thomas J. Herzfeld Advisors, Inc. new | 32,348 | $327K | 0.2% | 2025-Q4 stale |
| Grant/GrossMendelsohn, LLC added | 28,198 | $286K | 0.2% | 2025-Q1 stale |
| Logan Stone Capital, LLC trimmed | 22,203 | $225K | 0.2% | 2025-Q4 stale |
| Capital Market Strategies LLC trimmed | 18,950 | $186K | 0.1% | 2025-Q2 stale |
| XTX Topco Ltd new | 18,379 | $186K | 0.1% | 2025-Q4 stale |
| Williams Jones Wealth Management, LLC. new | 17,289 | $178K | 0.1% | 2025-Q3 stale |
| Virtu Financial LLC added | 16,436 | $166K | 0.1% | 2025-Q4 stale |
| Round Rock Advisors, LLC trimmed | 15,944 | $166K | 0.1% | 2025-Q1 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 15,272 | $155K | 0.1% | 2025-Q4 stale |
| Catalina Capital Group, LLC | 15,703 | $154K | 0.1% | 2025-Q2 stale |
| NAPA WEALTH MANAGEMENT trimmed | 12,373 | $129K | 0.1% | 2025-Q1 stale |
| STIFEL FINANCIAL CORP trimmed | 11,469 | $119K | 0.1% | 2025-Q1 stale |
| Elequin Capital, LP new | 11,165 | $110K | 0.1% | 2025-Q2 stale |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. added | 10,713 | $108K | 0.1% | 2025-Q4 stale |
| Uniting Wealth Partners, LLC | 10,150 | $106K | 0.1% | 2025-Q1 stale |
| Belpointe Asset Management LLC | 10,370 | $105K | 0.1% | 2025-Q4 stale |
| PFG Investments, LLC new | 10,000 | $101K | 0.1% | 2025-Q4 stale |
| US BANCORP \DE\ | 4,803 | $50K | 0.0% | 2025-Q3 stale |
| Elyxium Wealth, LLC new | 4,248 | $43K | 0.0% | 2025-Q4 stale |
| NewEdge Advisors, LLC | 2,984 | $30K | 0.0% | 2025-Q4 stale |
| PNC Financial Services Group, Inc. | 2,000 | $20K | 0.0% | 2025-Q2 stale |
| Kilter Group LLC added | 1,261 | $13K | 0.0% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.