Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NBT BANCORP INC (NBTB)

291 + 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
↑ +24
Streak
4Q ▲
Buyers last Q
54%

Smart Money Signals — NBTB

Based on 273 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added NBTB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
273 hedge funds hold NBTB right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +31% more funds vs a year ago

fund count last 6Q
+65 new funds entered over the past year (+31% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 54% buying

136 buying117 selling
Last quarter: 136 funds bought or added vs 117 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.
📈

More new buyers each quarter (+19 vs last Q)

new funds entering per quarter
Funds opening a new NBTB position: 34 → 47 → 32 → 51. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 19% medium ■ 22% new
161 out of 273 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.
➡️

Steady discovery — ~51 new funds/quarter

27 → 34 → 47 → 32 → 51 new funds/Q
New funds entering each quarter: 34 → 47 → 32 → 51. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 63% of holders stayed 2+ years

■ 63% veterans ■ 10% 1-2yr ■ 27% new
Of 276 current holders: 174 (63%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 57% AUM from top-100 funds

57% from top-100 AUM funds
50 of 273 holders are among the 100 largest funds by AUM, controlling 57% 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.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 2025 Q4, 136 hedge funds were net buyers of NBTB (51 opened a new position, 85 added to an existing one), while 117 reduced or exited (90 trimmed, 27 sold completely) — a 54% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 57% of total institutional value in NBTB is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +24 funds (more new holders than closures). Total institutional holders: 273.

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.

Is It Too Late to Buy NBT BANCORP INC (NBTB) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NBTB has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 51d ago
NBTB
+8.5%
XLF
+4.6%

NBTB outperformed XLF by +3.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 6d ago
NBTB
+3.4%
XLF
+1.1%

Since the filing became public, NBTB outperformed XLF by +2.3% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

24 top-rated funds 0 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: NBTB
291 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 291 273 6.59%
13F Shares 33M 33M -0.53%
Total Value $1.38B $1.37B 0.88%
New Positions 45 51 -6
Increased Positions 102 86 +16
Closed Positions 27 27 -
Reduced Positions 80 88 -8
Total Calls 2 2 -
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.5 Bullish

Statistics: NBTB

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Institutional Holders (2026 Q1)

291 + 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 institutional holders of NBTB — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 PL Capital Advisors, LLC 2.67% 208,030 $8.9M
2 Teza Capital Management LLC 0.77% 4,911 $209K
3 Horizon Advisory Services, Inc. 0.76% 34,781 $1.5M
4 NBT BANK N A /NY 0.73% 260,470 $11.1M
5 ENDEAVOUR CAPITAL ADVISORS INC 0.61% 62,711 $2.7M
6 Shelter Rock Management, LLC 0.55% 12,163 $518K
7 Members Advisory Group LLC 0.49% 33,522 $1.4M
8 LEIGH BALDWIN & CO., LLC 0.42% 15,210 $648K
9 Financial Planning Hawaii, Inc. 0.39% 15,439 $657K
10 Note Advisors, LLC 0.38% 17,879 $761K
11 Ceredex Value Advisors LLC 0.36% 268,250 $11.4M
12 PEOPLES FINANCIAL SERVICES CORP. 0.30% 15,000 $639K
13 MENDON CAPITAL ADVISORS CORP 0.25% 15,000 $639K
14 SOL Capital Management CO 0.22% 10,477 $445K
15 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.21% 692,782 $29.5M
16 Daytona Street Capital LLC 0.16% 4,768 $206K
17 Odyssean, LLC 0.15% 9,330 $397K
18 Numerai GP LLC 0.13% 31,505 $1.3M
19 TOMPKINS FINANCIAL CORP 0.13% 38,228 $1.6M
20 Edgestream Partners, L.P. 0.12% 84,304 $3.6M
21 UNION SAVINGS BANK 0.12% 6,282 $267K
22 Cornell Pochily Investment Advisors, Inc. 0.09% 7,542 $321K
23 Community Bank, N.A. 0.09% 18,509 $788K
24 Bayview Asset Management, LLC 0.08% 5,168 $220K
25 FIDELITY D & D BANCORP INC 0.08% 4,700 $200K
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?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added NBTB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NBTB?

Slight buying edge — 54% buying: Last quarter: 136 funds bought or added vs 117 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 — 57% AUM from top-100 funds: 50 of 273 holders are among the 100 largest funds by AUM, controlling 57% 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?

59% of holders stayed for 2+ years: 161 out of 273 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.

Is it too late to buy NBT BANCORP INC (NBTB) following the 2026 Q1 hedge fund 13F filings?

As of today, NBTB has moved +3.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the XLF sector ETF — an outperformance of +2.3%. Since the quarter end (March 31, 2026), NBTB has gained +8.5% vs +4.6% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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