Braskem
BAK
83 hedge funds and large institutions have $329M invested in Braskem in 2017 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 37 increasing their positions, 26 reducing their positions, and 15 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
42% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 26
6% more capital invested
Capital invested by funds: $310M → $329M (+$18.4M)
10% less funds holding
Funds holding: 92 → 83 (-9)
33% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 15
53% less call options, than puts
Call options by funds: $1.08M | Put options by funds: $2.32M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$23.6M |
| 2 |
RCMNY
Rubric Capital Management (New York)
New York
|
+$16.6M |
| 3 |
Renaissance Technologies
New York
|
+$13.8M |
| 4 |
Goldman Sachs
New York
|
+$13.4M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
+$8.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$11.5M |
| 2 |
JP Morgan Chase
New York
|
-$9.41M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$8.51M |
| 4 |
Millennium Management
New York
|
-$6.11M |
| 5 |
Two Sigma Investments
New York
|
-$4.24M |
BAK Hedge Fund Activity: Q1 2017 in Review
83 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Braskem (BAK) for Q1 2017, worth a combined $329M — up 5.9% from $310M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BAK and 10 opened new positions — a net loss of 5 holders — while 26 trimmed existing stakes and 37 added.
The largest buyer was Arrowstreet Capital, opening a new position worth an estimated $23.6M. The largest seller was Gramercy Funds Management, exiting entirely with an estimated $11.5M sold.
- 83 institutional investors held Braskem (BAK) as of Q1 2017, down from 92 in Q4 2016.
- Funds reported $329M of Braskem stock for Q1 2017, up 5.9% quarter-over-quarter.
- 10 funds opened new Braskem positions in Q1 2017 and 15 closed out, a net change of -5 holders.
- The largest Braskem buyer in Q1 2017 was Arrowstreet Capital, an estimated $23.6M added.
- The largest Braskem seller in Q1 2017 was Gramercy Funds Management, an estimated $11.5M sold.
Based on aggregated 13F filings for Q1 2017.