The cluster is composed entirely of large passive managers, suggesting broad-based index or benchmark-driven accumulation. While not activist-level conviction, the absence of selling and the magnitude of UBS’s move indicate growing institutional comfort with NBN. Traders should monitor for follow-through in volume and potential inclusion in broader regional banking ETFs.
Executive Summary
Three major institutional investors — Morgan Stanley, Wells Fargo, and UBS — increased their positions in Northeast Bank (NBN) during Q4 2024, with aggregate buying totaling $4.9 million in net new value. Notably, UBS doubled its stake, signaling strong conviction. No institutions sold, indicating no institutional-level rejection of the bullish thesis.
Key Financial Metrics
Institutional Positions
Net institutional flow: $4.9M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | ADD | +38.8% | $8.5M | $3.3M |
| UBS | DOUBLED | +401.8% | $1.7M | $1.5M |
| Wells Fargo | ADD | +36.9% | $378.0K | $146.0K |
Key Facts
- Morgan Stanley increased its stake by 38.8%, adding $3.3M in value (now $8.5M total).
- UBS more than quadrupled its position, adding $1.5M (now $1.7M total), classified as a 'DOUBLED' action due to +401.8% share growth.
- Wells Fargo added $146K in value, growing its position by 36.9%.
- No institutional selling was reported — all tracked 13F filers either held or bought.
Financial Impact
Institutions added $4.9M in net new long exposure to NBN, bringing total tracked holdings to $10.6M. This represents a 86% net increase in institutional capital allocation quarter-over-quarter.
Risk Factors
- All buyers are mega-passive institutions, which may rebalance without regard to fundamentals.
- No active hedge funds or value investors are participating, limiting the strength of the signal.
- The total dollar amount, while meaningful for a small-cap bank, remains modest at $10.6M in aggregate holdings.
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-NBN-2024-Q4 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | Press Release | $129.05 | awaiting T+60 | — | — |
Oct 20, 2026 7d ago | Press Release | $127.43 | awaiting T+60 | — | — |
Jul 27, 2026 13w ago | Press Release | $133.11 $124.75 | ▼ −6.28% | ▼ −9.99% | — |
Jul 16, 2026 14w ago | Press Release | $136.31 $125.99 | ▼ −7.57% | ▼ −11.28% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $128.69 $132.86 | ▲ +3.24% | ▼ −1.16% | — |
Apr 21, 2026 27w ago | Press Release | $122.35 $136.31 | ▲ +11.41% | ▲ +4.51% | — |
Feb 28, 2026 34w ago | Institutional Cluster | $112.94 $126.64 | ▲ +12.13% | ▲ +2.80% | — |
US Market Status
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