43% buyers of institutions opening or closing positions this quarter
13 more exits than new buyers, ownership rose 9.99 percentage points vs the prior quarter, and 2 well-known fund managers in the top 25.
43% buyers of institutions opening or closing positions this quarter
92.1% institutional ownership
ENDEAVOUR CAPITAL ADVISORS portfolio allocation
Institutional ownership vs Banks - Regional peers
No Form 4 insider transactions on file
Latest positioning in NBHC across 13F flow, ownership shift, marquee holders, and holder-count growth.
Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in NBHC held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 5.5M | $215.9M | +1.8% | 14.439% | 0.00% |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.6M | $101.4M | β | 6.782% | 0.01% |
| 3 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 2.5M | $96.9M | β | 6.482% | 0.32% |
| 4 | WELLINGTON MANAGEMENT GROUP LLP | 2.2M | $87.9M | +74.6% | 5.877% | 0.02% |
| 5 | STATE STREET CORP | 2.2M | $85.3M | +15.3% | 5.703% | 0.00% |
| 6 | DIMENSIONAL FUND ADVISORS LP | 2.1M | $82.3M | +2.0% | 5.503% | 0.02% |
| 7 | VANGUARD CAPITAL MANAGEMENT LLC | 1.8M | $72.3M | β | 4.837% | 0.00% |
| 8 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.5M | $60.5M | +230.9% | 4.045% | 0.01% |
| 9 | WESTWOOD HOLDINGS GROUP INC | 1.4M | $55.6M | -4.6% | 3.721% | 0.41% |
| 10 | DEPRINCE RACE & ZOLLO INC | 1.1M | $41.6M | -8.6% | 2.782% | 0.79% |
| 11 | GEODE CAPITAL MANAGEMENT, LLC | 1.0M | $39.8M | +12.6% | 2.659% | 0.00% |
| 12 | RENAISSANCE TECHNOLOGIES LLC | 794K | $31.1M | -2.3% | 2.080% | 0.05% |
| 13 | KENNEDY CAPITAL MANAGEMENT, INC. | 684K | $26.8M | +35.3% | 1.791% | 0.57% |
| 14 | Nuveen, LLC | 639K | $25.0M | +1.7% | 1.674% | 0.01% |
| 15 | Aristotle Capital Boston, LLC | 581K | $22.8M | -13.7% | 1.522% | 1.41% |
| 16 | ENDEAVOUR CAPITAL ADVISORS INC | 576K | $22.5M | +228.6% | 1.508% | 5.11% |
| 17 | TWO SIGMA INVESTMENTS, LP | 573K | $22.4M | +114.8% | 1.500% | 0.02% |
| 18 | UBS Group AG | 572K | $22.4M | +784.9% | 1.499% | 0.00% |
| 19 | Leeward Investments, LLC - MA | 520K | $20.4M | -2.7% | 1.362% | 1.00% |
| 20 | AQR CAPITAL MANAGEMENT LLC | 502K | $19.7M | +16.8% | 1.315% | 0.01% |
| 21 | BNP PARIBAS ARBITRAGE, SA | 470K | $18.4M | +1875.3% | 1.230% | 0.01% |
| 22 | Russell Investments Group, Ltd. | 452K | $17.7M | +11.5% | 1.183% | 0.02% |
| 23 | NORTHERN TRUST CORP | 427K | $16.7M | +9.1% | 1.119% | 0.00% |
| 24 | GOLDMAN SACHS GROUP INC | 397K | $15.5M | -21.4% | 1.038% | 0.00% |
| 25 | AMERICAN CENTURY COMPANIES INC | 345K | $13.5M | -16.5% | 0.904% | 0.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in NBHC β a direct measure of their conviction.
Filings activity in NBHC during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new NBHC position in Q1 2026
Institutions that fully closed their NBHC position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 212 | 5.8% | 92.14% | +9.99 pp | $1.51B | +14% |
| Q4 2025 | 225 | +10% | 82.15% | 2.16 pp | $1.33B | 2.6% |
| Q3 2025 | 204 | +8.5% | 84.31% | +4.13 pp | $1.36B | +5.1% |
| Q2 2025 | 188 | +5.0% | 80.18% | +0.01 pp | $1.30B | 1.2% |
| Q1 2025 | 179 | +7.8% | 80.17% | 11.44 pp | $1.31B | 11% |
| Q4 2024 | 166 | +9.2% | 91.61% | +1.19 pp | $1.48B | +1.3% |
| Q3 2024 | 152 | +2.7% | 90.42% | +8.76 pp | $1.46B | +11% |
| Q2 2024 | 148 | β | 81.66% | β | $1.32B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
No recent Form 4 insider transactions on file for NBHC.
Quick answers to the most common questions about buying NBHC stock.
Based on Q1 2026 13F filings, institutional ownership of National Bank Holdings Corporation stands at 92.1%, held across 212 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of NBHC, with approximately 5,512,754 shares worth $0.22B as of Q1 2026.
Yes β 2 widely-followed marquee investors appear among the top 25 institutional holders of NBHC, including RENAISSANCE TECHNOLOGIES LLC, TWO SIGMA INVESTMENTS, LP.
Our composite Smart Money Score for NBHC is 59 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
37 institutions opened new positions in NBHC during Q1 2026, while 50 fully exited. 122 added to existing positions and 52 trimmed.
NBHC institutional ownership rose by 9.99 percentage points quarter-over-quarter, with a net change of -13 holders.
The top 10 institutions account for 59.6% of all reported 13F value in NBHC, and the top 25 account for 81.8%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.