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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
+$9.75M |
| 2 |
Renaissance Technologies
New York
|
+$9.13M |
| 3 |
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
Miami,
Florida
|
-$8.27M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
-$6.04M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$5.77M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.43M |
BAK Hedge Fund Activity: Q3 2017 in Review
90 of the 4,022 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.