Braskem
BAK
93 hedge funds and large institutions have $611M invested in Braskem in 2018 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 33 increasing their positions, 29 reducing their positions, and 20 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
14% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 29
5% less funds holding
Funds holding: 98 → 93 (-5)
15% less capital invested
Capital invested by funds: $721M → $611M (-$110M)
20% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 20
72% less call options, than puts
Call options by funds: $450K | Put options by funds: $1.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$27.2M |
| 2 |
BlackRock
New York
|
+$8.13M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$7.39M |
| 4 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
+$3.52M |
| 5 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
+$3.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
-$140M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$22M |
| 3 |
CC
Carlson Capital
Dallas,
Texas
|
-$9.99M |
| 4 |
Millennium Management
New York
|
-$9.63M |
| 5 |
BS
Banco Santander
Madrid,
Spain
|
-$9.29M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VF
101
Virtu Financial
New York
| – | -$269K | -10,344 | Closed |
|
102
Envestnet Asset Management
Chicago,
Illinois
| – | -$248K | -9,533 | Closed |
|
|
SGDR
103
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
| – | -$140M | -5,397 | Closed |
|
|
SWM
104
SeaCrest Wealth Management
Purchase,
New York
| – | -$26K | -1,000 | Closed |
|
105
Group One Trading
Chicago,
Illinois
| – | -$21K | -800 | Closed |
|
|
GT
106
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$19K | -733 | Closed |
|
|
HIIFS
107
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
| – | -$18K | -700 | Closed |
|
|
IA
108
IFP Advisors
Tampa,
Florida
| – | -$10K | -400 | Closed |
|
|
CCMW
109
Cypress Capital Management (Wyoming)
Sheridan,
Wyoming
| – | -$7K | -275 | Closed |
|
110
SEI Investments
Oaks,
Pennsylvania
| – | -$3K | -108 | Closed |
|
|
WAM
111
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | +$256 | +9 | New |
|
BAK Hedge Fund Activity: Q3 2018 in Review
93 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Braskem (BAK) for Q3 2018, worth a combined $611M — down 15% from $721M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of BAK and 16 opened new positions — a net loss of 4 holders — while 29 trimmed existing stakes and 33 added.
The largest buyer was Morgan Stanley, adding an estimated $27.2M. The largest seller was SPX Gestao de Recursos, exiting entirely with an estimated $140M sold.
- 93 institutional investors held Braskem (BAK) as of Q3 2018, down from 98 in Q2 2018.
- Funds reported $611M of Braskem stock for Q3 2018, down 15% quarter-over-quarter.
- 16 funds opened new Braskem positions in Q3 2018 and 20 closed out, a net change of -4 holders.
- The largest Braskem buyer in Q3 2018 was Morgan Stanley, an estimated $27.2M added.
- The largest Braskem seller in Q3 2018 was SPX Gestao de Recursos, an estimated $140M sold.
Based on aggregated 13F filings for Q3 2018.