Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Nbt Bancorp Inc (NBTB)

277 + Investors. Track Smart Money conviction in NBTB. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -18
Streak
1Q ▼
Buyers last Q
50%

Smart Money Signals — NBTB

Based on 277 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their NBTB positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
277 funds currently hold this stock — 94% of the 3.0-year high of 295 funds (reached 2026 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +13% more funds vs a year ago

fund count last 6Q
+31 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 50% buying

129 buying131 selling
Last quarter: 129 funds bought or added vs 131 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-17 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 32 → 51 → 47 → 30. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 22% medium ■ 21% new
159 out of 277 hedge funds have held NBTB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +24% but shares only +6% — price-driven

Value
+23%
Shares
+6%
Last quarter: the total dollar value of institutional holdings rose +24%, but actual share count only changed +6%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~30 new funds/quarter

48 → 32 → 51 → 47 → 30 new funds/Q
New funds entering each quarter: 32 → 51 → 47 → 30. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 60% veterans vs 28% newcomers

■ 60% veterans ■ 13% 1-2yr ■ 28% new
Entry-cohort mix of 278 holders: 166 (60%) are 2+ year veterans, 35 entered 1–2 years ago, and 77 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 66% AUM from top-100 funds

66% from top-100 AUM funds
50 of 277 holders are among the 100 largest funds by AUM, controlling 66% of total institutional value in NBTB. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — NBTB

In 2026 Q2, 129 hedge funds were net buyers of NBTB (30 opened a new position, 99 added to an existing one), while 131 reduced or exited (83 trimmed, 48 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 66% of total institutional value in NBTB is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -18 funds (more exits than new entries). Total institutional holders: 277.

Hedge Fund Ownership: NBTB

How many hedge funds hold NBTB — quarterly history vs. share price
Quarterly hedge fund ownership of NBTB vs. share price

Market Analysis: NBTB

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NBTB

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

14 top-rated funds 0 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: NBTB
277 + Investors

Track Smart Money conviction in NBTB. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 277 295 -6.1%
13F Shares 35M 33M 6.25%
Total Value $1.72B $1.39B 23.66%
New Positions 30 47 -17
Increased Positions 98 102 -4
Closed Positions 48 26 +22
Reduced Positions 83 80 +3
Total Calls 1 2 -50.0%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NBTB

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Financial Highlights

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Institutional Holders (2026 Q2)

277 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NBTB. Verified SEC 13F-HR filings.

QUARTER:
Top 25 NBTB holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 PL Capital Advisors, LLC 1.00% 73,030 $3.6M
2 Nbt Bank, N.A. 0.85% 261,448 $12.9M
3 Horizon Advisory Services, Inc. 0.72% 34,781 $1.7M
4 Shelter Rock Management, LLC 0.58% 12,163 $600K
5 Members Advisory Group LLC 0.46% 33,522 $1.7M
6 Financial Planning Hawaii, Inc. 0.41% 15,439 $762K
7 Leigh Baldwin & CO., LLC 0.40% 15,018 $741K
8 Note Advisors, LLC 0.39% 18,048 $891K
9 Ceredex Value Advisors LLC 0.38% 276,950 $13.7M
10 Peoples Financial Services CORP. 0.32% 15,000 $740K
11 Silvercrest Asset Management Group LLC 0.21% 647,745 $32.0M
12 Edgestream Partners, L.P. 0.18% 125,023 $6.2M
13 Daytona Street Capital LLC 0.17% 4,768 $239K
14 Bridgeway Capital Management, LLC 0.16% 189,433 $9.4M
15 Linden Thomas Advisory Services, LLC 0.14% 36,052 $1.8M
16 Tompkins Financial Corp 0.13% 37,540 $1.9M
17 Aigen Investment Management, LP 0.11% 8,196 $405K
18 Cornell Pochily Investment Advisors, Inc. 0.10% 7,552 $373K
19 Community Bank, N.A. 0.10% 18,509 $914K
20 Fuller & Thaler Asset Management, INC. 0.08% 578,914 $28.6M
21 Stablepoint Partners, LLC 0.08% 11,119 $549K
22 Odyssean, LLC 0.07% 9,330 $461K
23 Union Savings Bank 0.07% 3,738 $185K
24 Occudo Quantitative Strategies LP 0.07% 27,845 $1.4M
25 Birchbrook, INC. 0.07% 2,991 $148K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Nbt Bancorp Inc (NBTB)

What does the Smart Money Trend signal show for NBTB?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their NBTB positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NBTB?

Slight buying edge — 50% buying: Last quarter: 129 funds bought or added vs 131 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NBTB holders?

Elite ownership — 66% AUM from top-100 funds: 50 of 277 holders are among the 100 largest funds by AUM, controlling 66% of total institutional value in NBTB. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NBTB?

57% of holders stayed for 2+ years: 159 out of 277 hedge funds have held NBTB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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