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Braskem
BAK

59 hedge funds and large institutions have $60.9M invested in Braskem in 2023 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 9

46% more capital invested

Capital invested by funds: $41.7M → $60.9M (+$19.1M)

33% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 15

11% more funds holding

Funds holding: 53 → 59 (+6)

0.05% less ownership

Funds ownership: 1.56% → 1.51% (-0.05%)

Holders
59
Holders Change
+6
Holders Change %
+11.32%
% of All Funds
0.93%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
20
Reduced
15
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$4.33M
2
Morgan Stanley
Morgan Stanley
New York
+$3.71M
3
Optiver Holding
Optiver Holding
Netherlands
+$3.38M
4
JF
Jump Financial
Illinois
+$1.08M
5
Verition Fund Management
Verition Fund Management
Connecticut
+$947K

Top Sellers

Rank Fund Capital Flow
1
NIG
NFJ Investment Group
Texas
-$9.99M
2
Two Sigma Investments
Two Sigma Investments
New York
-$3.33M
3
Bank of America
Bank of America
North Carolina
-$1.11M
4
VA
Verdad Advisers
Massachusetts
-$1M
5
MIC
Maxi Investments CY
Cyprus
-$770K
Name Holding Trade Value Shares
Change 		Change in
Stake
IAS
26
Insigneo Advisory Services
Florida
$265K +$65.8K +6,950 +44%
QT
27
Quantbot Technologies
New York
$257K +$198K +20,906 +1,802%
GC
28
Guggenheim Capital
Illinois
$245K +$464 +49 +0.2%
CAC
29
Cowen and Company
New York
$218K +$177K +18,744 New
Goldman Sachs
30
Goldman Sachs
New York
$206K +$167K +17,647 New
VM
31
VPR Management
Texas
$201K – – –
SSA
32
Schonfeld Strategic Advisors
New York
$198K +$161K +17,000 New
PMAM
33
Picton Mahoney Asset Management
Ontario, Canada
$186K +$151K +16,000 New
FLC
34
Fifth Lane Capital
Texas
$175K +$142K +15,000 New
Legal & General Group
35
Legal & General Group
United Kingdom
$165K – – –
Citadel Advisors
36
Citadel Advisors
Florida
$158K -$278K -29,340 -68%
EGM
37
Engineers Gate Manager
New York
$145K +$118K +12,456 New
Stifel Financial
38
Stifel Financial
Missouri
$143K – – –
FTDI
39
First Trust Direct Indexing
Massachusetts
$142K -$77.4K -8,173 -40%
FRM
40
Fox Run Management
Connecticut
$133K +$108K +11,395 New
Cerity Partners
41
Cerity Partners
New York
$130K +$4.5K +475 +4%
EI
42
Ethic Inc
New York
$126K -$94.2K -9,947 -48%
Bank of America
43
Bank of America
North Carolina
$124K -$1.11M -117,065 -92%
WG
44
Winton Group
United Kingdom
$119K +$96.8K +10,225 New
Wells Fargo
45
Wells Fargo
California
$79.2K +$13.3K +1,401 +26%
BCV
46
Banque Cantonale Vaudoise
Switzerland
$75K – – –
RhumbLine Advisers
47
RhumbLine Advisers
Massachusetts
$58.2K +$47.3K +4,996 New
Osaic Holdings
48
Osaic Holdings
Arizona
$54.5K – – –
Fidelity Investments
49
Fidelity Investments
Massachusetts
$24.5K -$10.6K -1,125 -35%
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$22K +$13.2K +1,391 +261%
1
2
3

BAK Hedge Fund Activity: Q2 2023 in Review

59 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Braskem (BAK) for Q2 2023, worth a combined $60.9M — up 46% from $41.7M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new BAK positions and 9 closed out — a net gain of 6 holders — while 20 added to existing stakes and 15 trimmed.

The largest buyer was Millennium Management, adding an estimated $4.33M. The largest seller was NFJ Investment Group, exiting entirely with an estimated $9.99M sold.

  • 59 institutional investors held Braskem (BAK) as of Q2 2023, up from 53 in Q1 2023.
  • Funds reported $60.9M of Braskem stock for Q2 2023, up 46% quarter-over-quarter.
  • 15 funds opened new Braskem positions in Q2 2023 and 9 closed out, a net change of +6 holders.
  • The largest Braskem buyer in Q2 2023 was Millennium Management, an estimated $4.33M added.
  • The largest Braskem seller in Q2 2023 was NFJ Investment Group, an estimated $9.99M sold.

Based on aggregated 13F filings for Q2 2023.