Braskem
BAK
84 hedge funds and large institutions have $388M invested in Braskem in 2017 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 25 increasing their positions, 32 reducing their positions, and 13 closing their positions.
18% more capital invested
Capital invested by funds: $329M → $388M (+$59M)
1% more funds holding
Funds holding: 83 → 84 (+1)
8% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 13
22% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 32
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
69% less call options, than puts
Call options by funds: $379K | Put options by funds: $1.21M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
+$52.7M |
| 2 |
GCM
Gruss Capital Management
New York
|
+$15M |
| 3 |
Renaissance Technologies
New York
|
+$10.3M |
| 4 |
Millennium Management
New York
|
+$9.4M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$6.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$18.8M |
| 2 |
RCMNY
Rubric Capital Management (New York)
New York
|
-$11.4M |
| 3 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
-$4.57M |
| 4 |
Two Sigma Investments
New York
|
-$4.51M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.57M |
BAK Hedge Fund Activity: Q2 2017 in Review
84 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Braskem (BAK) for Q2 2017, worth a combined $388M — up 18% from $329M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BAK positions and 13 closed out — a net gain of 1 holder — while 25 added to existing stakes and 32 trimmed.
The largest buyer was Adage Capital Partners, adding an estimated $52.7M. The largest seller was Goldman Sachs, cutting an estimated $18.8M.
- 84 institutional investors held Braskem (BAK) as of Q2 2017, up from 83 in Q1 2017.
- Funds reported $388M of Braskem stock for Q2 2017, up 18% quarter-over-quarter.
- 14 funds opened new Braskem positions in Q2 2017 and 13 closed out, a net change of +1 holder.
- The largest Braskem buyer in Q2 2017 was Adage Capital Partners, an estimated $52.7M added.
- The largest Braskem seller in Q2 2017 was Goldman Sachs, an estimated $18.8M sold.
Based on aggregated 13F filings for Q2 2017.