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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$10.4M |
| 2 |
Renaissance Technologies
New York
|
+$5.19M |
| 3 |
JP Morgan Chase
New York
|
+$2.58M |
| 4 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
+$1.61M |
| 5 |
PI
PineBridge Investments
New York
|
+$1.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$18.1M |
| 2 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$6.19M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.15M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$2.97M |
| 5 |
HCM
Highbridge Capital Management
New York
|
-$2.58M |
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.