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Braskem
BAK

61 hedge funds and large institutions have $176M invested in Braskem in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 25 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

162% more call options, than puts

Call options by funds: $354K | Put options by funds: $135K

8% less funds holding

Funds holding: 66 → 61 (-5)

23% less capital invested

Capital invested by funds: $229M → $176M (-$52.5M)

24% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 25

33% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 12

Holders
61
Holders Change
-5
Holders Change %
-7.58%
% of All Funds
1.75%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
19
Reduced
25
Closed
12
Calls
$354K
Puts
$135K
Net Calls
+$219K
Net Calls Change
+$2.92M

Top Buyers

Rank Fund Capital Flow
1
Macquarie Group
Macquarie Group
Australia
+$2.02M
2
State Street
State Street
Massachusetts
+$1.09M
3
CS
Credit Suisse
Switzerland
+$788K
4
Two Sigma Investments
Two Sigma Investments
New York
+$761K
5
GTP
Global Thematic Partners
New York
+$699K

Top Sellers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
-$16.5M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$9.87M
3
WBC
Westpac Banking Corp
Australia
-$8.19M
4
Morgan Stanley
Morgan Stanley
New York
-$2.27M
5
CBOA
Commonwealth Bank of Australia
Australia
-$1.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
DnB Asset Management
26
DnB Asset Management
Norway
$479K +$517K +37,300 New
Morgan Stanley
27
Morgan Stanley
New York
$446K -$2.27M -163,992 -83%
Northern Trust
28
Northern Trust
Illinois
$386K +$2.02K +146 +0.5%
Mitsubishi UFJ Trust & Banking
29
Mitsubishi UFJ Trust & Banking
Japan
$386K +$194K +14,000 +88%
LPL Financial
30
LPL Financial
California
$378K +$12.9K +932 +3%
California Public Employees Retirement System
31
California Public Employees Retirement System
California
$341K – – –
Citadel Advisors
32
Citadel Advisors
Florida
$260K +$280K +20,198 New
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$257K -$367K -26,538 -57%
Goldman Sachs
34
Goldman Sachs
New York
$254K -$54.1K -3,905 -17%
BlackRock
35
BlackRock
New York
$243K -$8.92K -644 -3%
PAM
36
Princeton Alpha Management
New Jersey
$234K +$252K +18,218 New
PPA
37
Parametric Portfolio Associates
Washington
$223K +$7.08K +511 +3%
TMAM
38
Tokio Marine Asset Management
Japan
$221K +$238K +17,200 New
SCM
39
Stevens Capital Management
Pennsylvania
$183K +$197K +14,217 New
Daiwa Securities Group
40
Daiwa Securities Group
Japan
$182K -$8.31K -600 -4%
PAM
41
Panagora Asset Management
Massachusetts
$176K – – –
AQR Capital Management
42
AQR Capital Management
Connecticut
$172K -$4.15K -300 -2%
EMG
43
Ellington Management Group
Connecticut
$167K -$11.1K -800 -6%
EC
44
Everest Capital
Florida
$162K -$26.3K -1,900 -13%
LG
45
Leuthold Group
Minnesota
$158K – – –
BIM
46
Bogle Investment Management
Massachusetts
$136K +$147K +10,600 New
KBC Group
47
KBC Group
Belgium
$112K – – –
Bank of America
48
Bank of America
North Carolina
$95K -$311K -22,449 -75%
U
49
UBS
Switzerland
$40K -$101K -7,282 -70%
TRCT
50
Tower Research Capital (TRC)
New York
$15K -$82.6K -5,962 -83%
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BAK Hedge Fund Activity: Q2 2014 in Review

61 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Braskem (BAK) for Q2 2014, worth a combined $176M — down 23% from $229M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of BAK and 8 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 19 added.

The largest buyer was Macquarie Group, adding an estimated $2.02M. The largest seller was Deutsche Bank, cutting an estimated $16.5M.

  • 61 institutional investors held Braskem (BAK) as of Q2 2014, down from 66 in Q1 2014.
  • Funds reported $176M of Braskem stock for Q2 2014, down 23% quarter-over-quarter.
  • 8 funds opened new Braskem positions in Q2 2014 and 12 closed out, a net change of -4 holders.
  • The largest Braskem buyer in Q2 2014 was Macquarie Group, an estimated $2.02M added.
  • The largest Braskem seller in Q2 2014 was Deutsche Bank, an estimated $16.5M sold.

Based on aggregated 13F filings for Q2 2014.