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Braskem
BAK

90 hedge funds and large institutions have $516M invested in Braskem in 2017 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 33 increasing their positions, 26 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

64% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 11

33% more capital invested

Capital invested by funds: $388M → $516M (+$129M)

27% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 26

7% more funds holding

Funds holding: 84 → 90 (+6)

8% less call options, than puts

Call options by funds: $1.1M | Put options by funds: $1.2M

Holders
90
Holders Change
+6
Holders Change %
+7.14%
% of All Funds
2.24%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
18
Increased
33
Reduced
26
Closed
11
Calls
$1.1M
Puts
$1.2M
Net Calls
-$98K
Net Calls Change
+$730K

Top Buyers

Rank Fund Capital Flow
1
CCM
Contrarian Capital Management
Connecticut
+$9.75M
2
Renaissance Technologies
Renaissance Technologies
New York
+$9.13M
3
Millennium Management
Millennium Management
New York
+$7.66M
4
CANY
Caxton Associates (New York)
New York
+$6.57M
5
MWNA
Marshall Wace North America
New York
+$4.86M

Top Sellers

Rank Fund Capital Flow
1
GCM
Gruss Capital Management
New York
-$9.82M
2
Citadel Advisors
Citadel Advisors
Florida
-$8.27M
3
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$6.04M
4
Macquarie Group
Macquarie Group
Australia
-$5.77M
5
GC
Guggenheim Capital
Illinois
-$2.43M
Name Holding Trade Value Shares
Change 		Change in
Stake
QT
76
Quantbot Technologies
New York
$38K +$2.8K +114 +9%
HMS
77
Hanseatic Management Services
New Mexico
$28K -$787K -32,051 -97%
IA
78
IFP Advisors
Florida
$25K – – –
LTFS
79
Ladenburg Thalmann Financial Services
Florida
$25K +$4.39K +179 +24%
GT
80
Glenmede Trust
Pennsylvania
$18K +$2.14K +87 +14%
TCM
81
Tradewinds Capital Management
Washington
$13K – – –
EFSCE
82
Enterprise Financial Services Corp (EFSC)
Missouri
$12K – – –
QCG
83
Quadrant Capital Group
Ohio
$10K – – –
FHA
84
First Horizon Advisors
Tennessee
$7K – – –
PA
85
Parallel Advisors
California
$3K – – –
CG
86
Cutler Group
California
$2K +$2.46K +100 New
LIA
87
LS Investment Advisors
Michigan
$1K – – –
CAW
88
Cornerstone Advisors (Washington)
Washington
$1K +$565 +23 New
SPIA
89
Steward Partners Investment Advisory
New York
$1K +$1.23K +50 New
ED
90
Exane Derivatives
France
$80 -$786 -32 -91%
Citadel Advisors
91
Citadel Advisors
Florida
– -$8.27M -336,911 Closed
RCM
92
Redwood Capital Management
New York
– -$2.28M -110,150 Closed
DAM
93
Deltec Asset Management
New York
– -$622K -30,000 Closed
EMG
94
Ellington Management Group
Connecticut
– -$350K -16,900 Closed
TRCT
95
Tower Research Capital (TRC)
New York
– -$219K -10,574 Closed
Federated Hermes
96
Federated Hermes
Pennsylvania
– -$172K -8,300 Closed
Group One Trading
97
Group One Trading
Illinois
– -$17.2K -700 Closed
Creative Planning
98
Creative Planning
Kansas
– -$7K -320 Closed
AIM
99
Acrospire Investment Management
Illinois
– -$6K -296 Closed
1 2 3
4

BAK Hedge Fund Activity: Q3 2017 in Review

90 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Braskem (BAK) for Q3 2017, worth a combined $516M — up 33% from $388M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new BAK positions and 11 closed out — a net gain of 7 holders — while 33 added to existing stakes and 26 trimmed.

The largest buyer was Contrarian Capital Management, adding an estimated $9.75M. The largest seller was Gruss Capital Management, cutting an estimated $9.82M.

  • 90 institutional investors held Braskem (BAK) as of Q3 2017, up from 84 in Q2 2017.
  • Funds reported $516M of Braskem stock for Q3 2017, up 33% quarter-over-quarter.
  • 18 funds opened new Braskem positions in Q3 2017 and 11 closed out, a net change of +7 holders.
  • The largest Braskem buyer in Q3 2017 was Contrarian Capital Management, an estimated $9.75M added.
  • The largest Braskem seller in Q3 2017 was Gruss Capital Management, an estimated $9.82M sold.

Based on aggregated 13F filings for Q3 2017.