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National Bank Holdings Corp

NBHC
Exchange
NYSE
Industry
National Commercial Banks
SEC CIK
0001475841

No open-market purchases or sales by National Bank Holdings Corp insiders were filed in the last 90 days; 224 institutions reported holding it in 13F filings for Q2 2026, worth $1.83B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in National Bank Holdings Corp as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
228
+23 vs. Q3 2025
Shares held
36.8M
−39.8K (−0.1%) vs. Q3 2025
Total value
$1.40B
−$24.6M (−1.7%) vs. Q3 2025
New holders
42
77 more added
Sold out
19
83 more reduced

2 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NBHC on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 228 institutions
Q1 2021: 153 institutionsQ2 2021: 159 institutionsQ3 2021: 157 institutionsQ4 2021: 169 institutionsQ1 2022: 167 institutionsQ2 2022: 162 institutionsQ3 2022: 161 institutionsQ4 2022: 166 institutionsQ1 2023: 145 institutionsQ2 2023: 144 institutionsQ3 2023: 149 institutionsQ4 2023: 147 institutionsQ1 2024: 150 institutionsQ2 2024: 149 institutionsQ3 2024: 152 institutionsQ4 2024: 167 institutionsQ1 2025: 179 institutionsQ2 2025: 189 institutionsQ3 2025: 207 institutionsQ4 2025: 228 institutionsQ1 2026: 216 institutionsQ2 2026: 224 institutions
Value heldQ4 2025: $1.40B
Q1 2021: $1.18BQ2 2021: $1.12BQ3 2021: $1.19BQ4 2021: $1.29BQ1 2022: $1.18BQ2 2022: $1.14BQ3 2022: $1.09BQ4 2022: $1.39BQ1 2023: $1.13BQ2 2023: $983.3MQ3 2023: $1.01BQ4 2023: $1.30BQ1 2024: $1.26BQ2 2024: $1.43BQ3 2024: $1.59BQ4 2024: $1.60BQ1 2025: $1.41BQ2 2025: $1.39BQ3 2025: $1.43BQ4 2025: $1.40BQ1 2026: $1.62BQ2 2026: $1.83B
Institutions holding NBHC and their total value by quarter
QuarterHoldersValue
Q2 2026224$1.83B
Q1 2026216$1.62B
Q4 2025228$1.40B
Q3 2025207$1.43B
Q2 2025189$1.39B
Q1 2025179$1.41B
Q4 2024167$1.60B
Q3 2024152$1.59B
Q2 2024149$1.43B
Q1 2024150$1.26B
Q4 2023147$1.30B
Q3 2023149$1.01B
Q2 2023144$983.3M
Q1 2023145$1.13B
Q4 2022166$1.39B
Q3 2022161$1.09B
Q2 2022162$1.14B
Q1 2022167$1.18B
Q4 2021169$1.29B
Q3 2021157$1.19B
Q2 2021159$1.12B
Q1 2021153$1.18B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding National Bank Holdings Corp; share changes are against Q3 2025.

Institutions holding NBHC in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Arizona State Retirement System10,557$401.3K0.00%−715−6.3%Reduced
Yousif Capital Management, LLC10,234$407.3K0.00%−1,513−12.9%Reduced
Creative Planning10,836$411.9K0.00%+5,086+88.5%Added
Amalgamated Bank11,049$420.0K0.00%−119−1.1%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)11,567$439.7K0.00%00.0%Unchanged
EntryPoint Capital, LLC11,983$455.5K0.18%00.0%Unchanged
SummitTX Capital, L.P.12,314$468.1K0.01%+12,314New
Cerity Partners LLC13,155$500.0K0.00%+13,155New
Bank of Jackson Hole Trust13,175$500.8K0.24%00.0%Unchanged
Universal- Beteiligungs- und Servicegesellschaft mbH13,321$507.4K0.00%+1,529+13.0%Added
Susquehanna International Group, LLP13,910$528.7K0.00%−476−3.3%Reduced
Quantinno Capital Management LP14,237$541.2K0.00%+14,237New
Royal Bank of Canada14,409$548.0K0.00%+930+6.9%Added
Gamco Investors, Inc. Et Al14,890$566.0K0.01%−2,273−13.2%Reduced
Janus Henderson Group PLC15,175$576.7K0.00%00.0%Unchanged
Hudson Bay Capital Management LP15,229$578.9K0.00%+15,229New
Harbor Capital Advisors, Inc.15,366$584.0K0.05%+524+3.5%Added
Horizon Investments, LLC15,661$595.3K0.01%+15,661New
Teacher Retirement System of Texas16,385$622.8K0.00%+11,052+207.2%Added
Verition Fund Management LLC16,403$623.5K0.00%+4,437+37.1%Added
Manufacturers Life Insurance Company, The16,579$630.2K0.00%−681−3.9%Reduced
Brevan Howard Capital Management LP17,208$654.1K0.01%−4,165−19.5%Reduced
Louisiana State Employees Retirement System17,300$657.6K0.01%−200−1.1%Reduced
Mirae Asset Global ETFs Holdings Ltd.17,584$668.4K0.00%−33−0.2%Reduced
Mariner, LLC18,569$706.2K0.00%+18,569New
Illinois Municipal Retirement Fund19,516$741.8K0.01%−971−4.7%Reduced
Wealth Enhancement Advisory Services, LLC19,407$766.8K0.00%+5,857+43.2%Added
State of Alaska, Department of Revenue20,776$788.0K0.01%+113+0.5%Added
Entropy Technologies, LP20,962$796.8K0.04%+1,496+7.7%Added
MetLife Investment Management21,987$835.7K0.00%00.0%Unchanged
Acadian Asset Management LLC22,310$847.0K0.00%+20,055+889.4%Added
State of Tennessee, Treasury Department21,165$850.4K0.00%−16,442−43.7%Reduced
CWM, LLC22,424$852.0K0.00%+10,926+95.0%Added
Mirabella Financial Services LLP22,642$860.6K0.08%+22,642New
BNP Paribas Arbitrage, SA23,779$903.8K0.00%+7,239+43.8%Added
XTX Topco Ltd23,951$910.4K0.02%+23,951New
Intech Investment Management LLC24,078$915.2K0.01%−11,170−31.7%Reduced
Jefferies Financial Group Inc.25,000$950.3K0.01%+25,000New
John W. Rosenthal Capital Management, Inc.26,075$991.1K0.92%00.0%Unchanged
Deutsche Bank AG28,675$1.09M0.00%+1,980+7.4%Added
Schonfeld Strategic Advisors LLC30,723$1.17M0.01%−17,848−36.7%Reduced
Walleye Capital LLC34,022$1.29M0.01%+10,714+46.0%Added
California State Teachers Retirement System35,010$1.33M0.00%−33−0.1%Reduced
Moody National Bank Trust Division35,642$1.35M0.13%00.0%Unchanged
Prudential Financial Inc35,774$1.36M0.00%−2,460−6.4%Reduced
Great West Life Assurance Co36,344$1.38M0.00%+1,793+5.2%Added
Dark Forest Capital Management LP38,502$1.46M0.07%−53,993−58.4%Reduced
Weiss Asset Management LP38,613$1.47M0.02%+38,613New
Engineers Gate Manager LP39,953$1.52M0.02%−23,445−37.0%Reduced
Balyasny Asset Management LLC41,400$1.57M0.00%+2,703+7.0%Added
Thrivent Financial for Lutherans42,495$1.62M0.00%−1,461−3.3%Reduced
Jacobs Levy Equity Management, Inc42,951$1.63M0.01%−1,175−2.7%Reduced
Wells Fargo & Company43,154$1.64M0.00%+13,492+45.5%Added
Rafferty Asset Management, LLC46,547$1.77M0.01%−6,061−11.5%Reduced
Basswood Capital Management, L.L.C.46,956$1.78M0.08%00.0%Unchanged
HRT Financial LP48,312$1.84M0.01%−17,165−26.2%Reduced
Jackson Hole Capital Partners, LLC48,337$1.84M0.31%00.0%Unchanged
Alliancebernstein L.P.48,940$1.86M0.00%+7,190+17.2%Added
Franklin Resources Inc49,470$1.88M0.00%+37,123+300.7%Added
Jane Street Group, LLC52,916$2.01M0.00%+34,877+193.3%Added
SG Americas Securities, LLC54,765$2.08M0.00%+25,554+87.5%Added
Price T Rowe Associates Inc56,866$2.16M0.00%+5,270+10.2%Added
UBS Asset Management Americas Inc60,668$2.31M0.00%+252+0.4%Added
Ieq Capital, LLC63,288$2.41M0.01%+34,021+116.2%Added
Public Employees Retirement System of Ohio63,522$2.41M0.01%+250.0%Added
UBS Group AG64,671$2.46M0.00%−5,774−8.2%Reduced
Citigroup Inc66,478$2.53M0.00%−908−1.3%Reduced
Quest Partners LLC70,085$2.66M0.15%+27,040+62.8%Added
Healthcare of Ontario Pension Plan Trust Fund71,942$2.73M0.00%+71,942New
Two Sigma Advisers, LP73,800$2.81M0.01%−47,000−38.9%Reduced
Swiss National Bank74,600$2.84M0.00%+700+0.9%Added
Barclays PLC91,844$3.49M0.00%+21,531+30.6%Added
Bank of America Corp92,882$3.53M0.00%+7,457+8.7%Added
Legal & General Group Plc93,596$3.56M0.00%−6,433−6.4%Reduced
Voloridge Investment Management, LLC96,233$3.66M0.01%+31,002+47.5%Added
Invesco Ltd.100,758$3.83M0.00%−97,952−49.3%Reduced
Bessemer Group Inc101,322$3.85M0.01%+100,604+14,011.7%Added
Squire Investment Management Company, LLC106,976$4.07M1.23%00.0%Unchanged
Numerai GP LLC107,259$4.08M0.49%+10,786+11.2%Added
Buckingham Strategic Partners108,849$4.14M0.05%+108,849New
Rhumbline Advisers112,210$4.27M0.00%−1,589−1.4%Reduced
Boston Partners112,419$4.27M0.00%−5,169−4.4%Reduced
New York State Common Retirement Fund112,483$4.28M0.01%+56,110+99.5%Added
Point72 Asset Management, L.P.124,436$4.73M0.01%+108,364+674.2%Added
First Trust Advisors LP130,260$4.95M0.00%−318,274−71.0%Reduced
Thompson Siegel & Walmsley LLC130,830$4.97M0.08%+130,830New
Public Sector Pension Investment Board130,845$4.97M0.02%−17,522−11.8%Reduced
Peregrine Capital Management LLC134,283$5.10M0.16%−6,658−4.7%Reduced
Tudor Investment Corp Et Al139,188$5.29M0.03%−71,142−33.8%Reduced
Ameriprise Financial Inc143,687$5.46M0.00%−8,271−5.4%Reduced
D. E. Shaw & Co., Inc.148,975$5.66M0.00%−10,314−6.5%Reduced
Y-Intercept (Hong Kong) Ltd159,547$6.06M0.14%+78,980+98.0%Added
Citadel Advisors LLC166,576$6.33M0.00%−69,778−29.5%Reduced
Endeavour Capital Advisors Inc175,198$6.66M1.85%+175,198New
Bridgeway Capital Management, LLC181,699$6.91M0.14%+6,446+3.7%Added
Jacobs Asset Management, LLC185,000$7.03M3.92%+15,000+8.8%Added
HSBC Holdings PLC186,020$7.07M0.00%+171,578+1,188.0%Added
Millennium Management LLC226,900$8.62M0.01%−24,244−9.7%Reduced
JPMorgan Chase & Co249,188$9.47M0.00%+17,272+7.4%Added
Two Sigma Investments, LP266,620$10.1M0.02%−38,367−12.6%Reduced