Cliff Asness's NBHC Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 425,864 shares of National Bank Holdings Corporation (NBHC) worth $18.92 M, representing 0.01% of the portfolio. First purchased in 2013-Q3, this long-term strategic position has been held for 41 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in NBHC, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2025, adding 250,088 shares. Largest reduction occurred in Q2 2026, reducing 76,274 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's National Bank Holdings Corporation (NBHC) Holding Value Over Time
Track share changes against reported price movement
Quarterly National Bank Holdings Corporation (NBHC) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2026 | -76,274 | Reduce 15.19% | 425,864 | $44.43 |
| Q1 2026 | +72,060 | Add 16.76% | 502,138 | $39.16 |
| Q4 2025 | +250,088 | Add 138.95% | 430,078 | $38.01 |
| Q3 2025 | +152,494 | Add 554.60% | 179,990 | $38.64 |
| Q2 2025 | +1,196 | Add 4.55% | 27,496 | $37.61 |
| Q1 2025 | +12,962 | Add 97.18% | 26,300 | $38.27 |
| Q4 2024 | +2,356 | Add 21.45% | 13,338 | $43.06 |
| Q3 2024 | +604 | Add 5.82% | 10,982 | $42.10 |
| Q2 2024 | +3,415 | Add 49.04% | 10,378 | $39.05 |
| Q1 2024 | +6,963 | New Buy | 6,963 | $36.07 |
| Q1 2023 | -22,450 | Sold Out | 0 | $0.00 |
| Q4 2022 | -4,293 | Reduce 16.05% | 22,450 | $42.07 |
| Q3 2022 | -685 | Reduce 2.50% | 26,743 | $36.98 |
| Q2 2022 | -3,166 | Reduce 10.35% | 27,428 | $38.28 |
| Q1 2022 | -1,423 | Reduce 4.44% | 30,594 | $40.27 |
| Q3 2021 | +3,946 | Add 14.06% | 32,017 | $40.48 |
| Q2 2021 | +171 | Add 0.61% | 28,071 | $37.73 |
| Q1 2021 | +27,900 | New Buy | 27,900 | $39.68 |
| Q4 2019 | -6,423 | Sold Out | 0 | $0.00 |
| Q3 2019 | +21 | Add 0.33% | 6,423 | $34.25 |
| Q2 2019 | -7,197 | Reduce 52.92% | 6,402 | $36.24 |
| Q1 2019 | -32,609 | Reduce 70.57% | 13,599 | $33.24 |
| Q4 2018 | -17,270 | Reduce 27.21% | 46,208 | $30.86 |
| Q3 2018 | -19,277 | Reduce 23.29% | 63,478 | $37.65 |
| Q2 2018 | -5,893 | Reduce 6.65% | 82,755 | $38.60 |
| Q1 2018 | -15,620 | Reduce 14.98% | 88,648 | $33.26 |
| Q4 2017 | -11,705 | Reduce 10.09% | 104,268 | $32.44 |
| Q3 2017 | -8,668 | Reduce 6.95% | 115,973 | $35.69 |
| Q2 2017 | +28,442 | Add 29.57% | 124,641 | $33.11 |
| Q1 2017 | +24,662 | Add 34.47% | 96,199 | $32.50 |
| Q4 2016 | +51,706 | Add 260.73% | 71,537 | $31.89 |
| Q3 2016 | -6,522 | Reduce 24.75% | 19,831 | $23.35 |
| Q2 2016 | +2,450 | Add 10.25% | 26,353 | $20.34 |
| Q1 2016 | +6,883 | Add 40.44% | 23,903 | $20.37 |
| Q4 2015 | +5,008 | Add 41.69% | 17,020 | $21.39 |
| Q2 2015 | +12,012 | New Buy | 12,012 | $20.81 |
| Q1 2014 | -12,900 | Sold Out | 0 | $0.00 |
| Q3 2013 | +12,900 | New Buy | 12,900 | $20.54 |
Cliff Asness's National Bank Holdings Corporation Investment FAQs
Cliff Asness first purchased National Bank Holdings Corporation (NBHC) in Q3 2013, acquiring 12,900 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held National Bank Holdings Corporation (NBHC) for 41 quarters since Q3 2013.
Cliff Asness's largest addition to National Bank Holdings Corporation (NBHC) was in Q4 2025, adding 430,078 shares worth $16.35 M.
According to the latest 13F filing for Q2 2026, Cliff Asness's firm, Aqr Capital Management LLC, owns 425,864 shares of National Bank Holdings Corporation (NBHC), valued at approximately $18.92 M.
As of the Q2 2026 filing, National Bank Holdings Corporation (NBHC) represents approximately 0.01% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in National Bank Holdings Corporation (NBHC) was 502,138 shares, as reported at the end of Q1 2026.