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Braskem
BAK

83 hedge funds and large institutions have $175M invested in Braskem in 2016 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 21 increasing their positions, 29 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more capital invested

Capital invested by funds: $151M → $175M (+$23.8M)

0% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 17

1% less funds holding

Funds holding: 84 → 83 (-1)

28% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 29

92% less call options, than puts

Call options by funds: $211K | Put options by funds: $2.59M

Holders
83
Holders Change
-1
Holders Change %
-1.19%
% of All Funds
2.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
21
Reduced
29
Closed
17
Calls
$211K
Puts
$2.59M
Net Calls
-$2.38M
Net Calls Change
-$2.47M

Top Buyers

Rank Fund Capital Flow
1
GFM
Gramercy Funds Management
Connecticut
+$10.4M
2
Renaissance Technologies
Renaissance Technologies
New York
+$5.19M
3
JP Morgan Chase
JP Morgan Chase
New York
+$2.58M
4
CCM
Contrarian Capital Management
Connecticut
+$1.61M
5
PI
PineBridge Investments
New York
+$1.56M

Top Sellers

Rank Fund Capital Flow
1
Macquarie Group
Macquarie Group
Australia
-$18.1M
2
PAM
Panagora Asset Management
Massachusetts
-$6.19M
3
GC
Guggenheim Capital
Illinois
-$3.15M
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$2.97M
5
HCM
Highbridge Capital Management
New York
-$2.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
Invesco
26
Invesco
Georgia
$1.14M +$18.6K +1,424 +2%
Goldman Sachs
27
Goldman Sachs
New York
$983K -$90.5K -6,909 -10%
LPL Financial
28
LPL Financial
California
$925K -$315K -24,068 -28%
DAM
29
Deltec Asset Management
New York
$846K +$155K +11,872 +28%
AAM
30
Advisors Asset Management
Colorado
$835K +$211K +16,106 +42%
Two Sigma Advisers
31
Two Sigma Advisers
New York
$761K +$648K +49,500 New
Susquehanna International Group
32
Susquehanna International Group
Pennsylvania
$743K +$633K +48,320 New
Bank of Montreal
33
Bank of Montreal
Ontario, Canada
$674K +$574K +43,800 New
BIM
34
Bogle Investment Management
Massachusetts
$611K +$521K +39,753 New
OSAM
35
O'Shaughnessy Asset Management
Connecticut
$594K -$3.44K -263 -0.7%
Allianz Asset Management
36
Allianz Asset Management
Germany
$580K -$6.55K -500 -1%
Daiwa Securities Group
37
Daiwa Securities Group
Japan
$540K -$13.1K -1,000 -3%
Lazard Asset Management
38
Lazard Asset Management
New York
$480K +$135K +10,322 +49%
Jane Street
39
Jane Street
New York
$435K -$47.9K -3,656 -11%
Legal & General Group
40
Legal & General Group
United Kingdom
$423K – – –
AG
41
Ashmore Group
United Kingdom
$405K – – –
Deutsche Bank
42
Deutsche Bank
Germany
$398K +$67.7K +5,171 +25%
PNC Financial Services Group
43
PNC Financial Services Group
Pennsylvania
$382K -$399K -30,460 -55%
NFA
44
Nuveen Fund Advisors
Illinois
$374K +$127K +9,706 +67%
YMRC
45
Yorktown Management & Research Company
Virginia
$323K – – –
DC
46
Deere & Company
Illinois
$308K +$91.1K +6,959 +53%
PPA
47
Parametric Portfolio Associates
Washington
$303K -$209K -15,969 -45%
LG
48
Leuthold Group
Minnesota
$292K +$87.8K +6,706 +55%
SG Americas Securities
49
SG Americas Securities
New York
$266K +$227K +17,300 New
Envestnet Asset Management
50
Envestnet Asset Management
Illinois
$264K +$9.29K +709 +4%
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BAK Hedge Fund Activity: Q3 2016 in Review

83 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Braskem (BAK) for Q3 2016, worth a combined $175M — up 16% from $151M a quarter earlier.

Fund positioning in BAK was balanced in Q3 2016: 17 funds opened new positions, 17 closed out, 21 added to existing stakes and 29 trimmed.

The largest buyer was Gramercy Funds Management, opening a new position worth an estimated $10.4M. The largest seller was Macquarie Group, cutting an estimated $18.1M.

  • 83 institutional investors held Braskem (BAK) as of Q3 2016, down from 84 in Q2 2016.
  • Funds reported $175M of Braskem stock for Q3 2016, up 16% quarter-over-quarter.
  • 17 funds opened new Braskem positions in Q3 2016 and 17 closed out, a net change of 0 holders.
  • The largest Braskem buyer in Q3 2016 was Gramercy Funds Management, an estimated $10.4M added.
  • The largest Braskem seller in Q3 2016 was Macquarie Group, an estimated $18.1M sold.

Based on aggregated 13F filings for Q3 2016.