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Braskem
BAK

104 hedge funds and large institutions have $616M invested in Braskem in 2018 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 30 increasing their positions, 33 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

198% more call options, than puts

Call options by funds: $2.31M | Put options by funds: $775K

22% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 18

9% more capital invested

Capital invested by funds: $563M → $616M (+$52.9M)

3% more funds holding

Funds holding: 101 → 104 (+3)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

9% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 33

Holders
104
Holders Change
+3
Holders Change %
+2.97%
% of All Funds
2.38%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
22
Increased
30
Reduced
33
Closed
18
Calls
$2.31M
Puts
$775K
Net Calls
+$1.53M
Net Calls Change
-$5.4M

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$12.5M
2
CC
Carlson Capital
Texas
+$11M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$10.8M
4
Morgan Stanley
Morgan Stanley
New York
+$10.6M
5
BS
Banco Santander
Spain
+$10.4M

Top Sellers

Rank Fund Capital Flow
1
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$22.1M
2
Millennium Management
Millennium Management
New York
-$9.1M
3
RCMNY
Rubric Capital Management (New York)
New York
-$8.68M
4
EAM
Exane Asset Management
France
-$8.65M
5
CANY
Caxton Associates (New York)
New York
-$6.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
Adage Capital Partners
1
Adage Capital Partners
Massachusetts
$135M -$22.1M -760,490 -14%
Renaissance Technologies
2
Renaissance Technologies
New York
$126M +$7.7M +264,500 +6%
CCM
3
Contrarian Capital Management
Connecticut
$82.9M +$1.69M +57,966 +2%
Vanguard Group
4
Vanguard Group
Pennsylvania
$33.2M -$72.1K -2,477 -0.2%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$26.3M -$297K -10,195 -1%
Bank of America
6
Bank of America
North Carolina
$21.4M +$12.5M +430,918 +140%
CC
7
Carlson Capital
Texas
$18.2M +$11M +376,353 +151%
Arrowstreet Capital
8
Arrowstreet Capital
Massachusetts
$18M +$2.19M +75,344 +14%
Millennium Management
9
Millennium Management
New York
$15.6M -$9.1M -312,581 -37%
Morgan Stanley
10
Morgan Stanley
New York
$13.9M +$10.6M +364,797 +319%
DWA
11
Dorsey Wright & Associates
California
$10.8M +$2.95M +101,203 +36%
Fidelity Investments
12
Fidelity Investments
Massachusetts
$10.7M +$10.8M +370,100 New
BS
13
Banco Santander
Spain
$10.3M +$10.4M +356,290 New
Lazard Asset Management
14
Lazard Asset Management
New York
$7.67M +$2.85M +98,020 +59%
HCM
15
Highbridge Capital Management
New York
$7.59M -$3.14M -108,013 -29%
State Street
16
State Street
Massachusetts
$7.4M +$1.21M +41,648 +19%
FCH
17
Freestone Capital Holdings
Washington
$6.77M +$169K +5,803 +3%
Deutsche Bank
18
Deutsche Bank
Germany
$5.92M +$1.83M +63,016 +45%
Macquarie Group
19
Macquarie Group
Australia
$4.93M -$198K -6,800 -4%
CS
20
Credit Suisse
Switzerland
$4.78M -$2.48M -85,080 -34%
PPA
21
Parametric Portfolio Associates
Washington
$3.81M +$234K +8,045 +7%
GC
22
Guggenheim Capital
Illinois
$3.47M -$547K -18,781 -14%
AG
23
Aperio Group
California
$2.67M -$239K -8,210 -8%
HI
24
HBK Investments
Texas
$2.65M +$14.9K +512 +0.6%
BlackRock
25
BlackRock
New York
$2.48M -$5.82K -200 -0.2%
1
2 3 4 5

BAK Hedge Fund Activity: Q1 2018 in Review

104 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Braskem (BAK) for Q1 2018, worth a combined $616M — up 9.4% from $563M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BAK positions and 18 closed out — a net gain of 4 holders — while 30 added to existing stakes and 33 trimmed.

The largest buyer was Bank of America, adding an estimated $12.5M. The largest seller was Adage Capital Partners, cutting an estimated $22.1M.

  • 104 institutional investors held Braskem (BAK) as of Q1 2018, up from 101 in Q4 2017.
  • Funds reported $616M of Braskem stock for Q1 2018, up 9.4% quarter-over-quarter.
  • 22 funds opened new Braskem positions in Q1 2018 and 18 closed out, a net change of +4 holders.
  • The largest Braskem buyer in Q1 2018 was Bank of America, an estimated $12.5M added.
  • The largest Braskem seller in Q1 2018 was Adage Capital Partners, an estimated $22.1M sold.

Based on aggregated 13F filings for Q1 2018.