ValueAct Holdings’s Bread Financial BFH Stock Holding History

ValueAct Holdings’s Portfolio BFH Stock Details BFH Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q1	–	Sell	-413,490	Closed	-$37M	–	25
2019 Q4	$37M	Sell	413,490 -4,232,190	-91%	-$374M	0.37%	19
2019 Q3	$475M	Hold	4,645,680	–	–	5.13%	7
2019 Q2	$520M	Sell	4,645,680 -1,879,500	-29%	-$227M	5.42%	6
2019 Q1	$911M	Hold	6,525,180	–	–	10.02%	5
2018 Q4	$782M	Sell	6,525,180 -1,096,375	-14%	-$172M	9.73%	6
2018 Q3	$1.44B	Hold	7,621,555	–	–	14.13%	2
2018 Q2	$1.42B	Buy	7,621,555 +257,173	+3%	+$43.9M	12.84%	2
2018 Q1	$1.25B	Hold	7,364,382	–	–	12.54%	3
2017 Q4	$1.49B	Hold	7,364,382	–	–	15.07%	2
2017 Q3	$1.3B	Hold	7,364,382	–	–	13.05%	2
2017 Q2	$1.51B	Hold	7,364,382	–	–	13.48%	2
2017 Q1	$1.46B	Buy	7,364,382 +790,517	+12%	+$150M	12.25%	4
2016 Q4	$1.2B	Buy	6,573,865 +308,865	+5%	+$53.7M	9.85%	5
2016 Q3	$1.07B	Buy	6,265,000 +2,145,249	+52%	+$365M	9.33%	6
2016 Q2	$644M	Buy	4,119,751 +3,441,734	+508%	+$573M	5.85%	7
2016 Q1	$119M	Buy	+678,017	New	+$118M	1.19%	12

Other funds holding BFH

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Point72 Asset Management Stamford, Connecticut $90.7B AUM 77.13% 1-Year Est. Return

Parnassus Investments San Francisco, California $37.4B AUM 35.42% 1-Year Est. Return

LAM

Lyrical Asset Management New York $7.88B AUM 36.5% 1-Year Est. Return

TCAM

Turtle Creek Asset Management Toronto, Ontario, Canada $2.56B AUM 1.05% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

ValueAct Holdings's BFH Position: Q1 2020 in Review

ValueAct Holdings sold out of Bread Financial (BFH) in Q1 2020, closing a stake of 413,490 shares — an estimated $37M sold.

ValueAct Holdings first reported a position in BFH in Q1 2016 and held it in 16 quarters. The position peaked at $1.51B in Q2 2017. 329 funds tracked by Wall St. Rank hold BFH as of Q1 2020.

ValueAct Holdings reported no remaining Bread Financial position as of Q1 2020 after selling out during the quarter.
ValueAct Holdings sold 413,490 Bread Financial shares in Q1 2020, an estimated $37M.
ValueAct Holdings first reported a position in Bread Financial in Q1 2016 and held it in 16 quarters.
ValueAct Holdings's Bread Financial position peaked at $1.51B in Q2 2017.
329 funds tracked by Wall St. Rank held Bread Financial as of Q1 2020.

Based on ValueAct Holdings's 13F filing for Q1 2020, filed 15 May 2020.