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Braskem

98 hedge funds and large institutions have $721M invested in Braskem in 2018 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 30 increasing their positions, 29 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more call options, than puts

Call options by funds: $3.38M | Put options by funds: $2.16M

17% more capital invested

Capital invested by funds: $616M → $721M (+$105M)

3% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 29

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

6% less funds holding

Funds holding: 10498 (-6)

17% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 24

Holders
98
Holders Change
-6
Holders Change %
-5.77%
% of All Funds
2.24%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
20
Increased
30
Reduced
29
Closed
24
Calls
$3.38M
Puts
$2.16M
Net Calls
+$1.23M
Net Calls Change
-$304K
Name Holding Trade Value Shares
Change
Change in
Stake
SGDR
1
SPX Gestao de Recursos
Brazil
$140M +$139K +5,397 New
Adage Capital Partners
2
Adage Capital Partners
Massachusetts
$125M +$3.66M +141,735 +3%
Renaissance Technologies
3
Renaissance Technologies
New York
$114M +$898K +34,800 +0.8%
CCM
4
Contrarian Capital Management
Connecticut
$83.8M +$9.37M +363,092 +13%
CC
5
Carlson Capital
Texas
$42M +$25.5M +987,447 +158%
Vanguard Group
6
Vanguard Group
Pennsylvania
$27M -$2.78M -107,819 -9%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$23.5M -$57.1K -2,213 -0.2%
Arrowstreet Capital
8
Arrowstreet Capital
Massachusetts
$13.5M -$2.63M -101,956 -16%
Millennium Management
9
Millennium Management
New York
$10.4M -$3.57M -138,426 -26%
Fidelity Investments
10
Fidelity Investments
Massachusetts
$9.62M
BS
11
Banco Santander
Spain
$9.29M +$23.2K +900 +0.3%
Lazard Asset Management
12
Lazard Asset Management
New York
$8.21M +$1.32M +51,236 +19%
Morgan Stanley
13
Morgan Stanley
New York
$7.78M -$4.65M -179,957 -38%
State Street
14
State Street
Massachusetts
$6.82M +$183K +7,082 +3%
Connor, Clark & Lunn Investment Management (CC&L)
15
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$6.5M +$6.45M +249,975 New
Goldman Sachs
16
Goldman Sachs
New York
$6.32M +$6.02M +233,206 +2,339%
HCM
17
Highbridge Capital Management
New York
$6.28M -$524K -20,309 -8%
FCH
18
Freestone Capital Holdings
Washington
$6.27M +$195K +7,557 +3%
Deutsche Bank
19
Deutsche Bank
Germany
$5.01M -$291K -11,270 -6%
Macquarie Group
20
Macquarie Group
Australia
$4.51M +$87.8K +3,400 +2%
CS
21
Credit Suisse
Switzerland
$4.12M -$157K -6,100 -4%
MWNA
22
Marshall Wace North America
New York
$4.09M +$3.58M +138,501 +735%
Point72 Asset Management
23
Point72 Asset Management
Connecticut
$3.9M +$3.87M +150,000 New
Invesco
24
Invesco
Georgia
$3.89M +$2.16M +83,534 +127%
SAM
25
Scopus Asset Management
New York
$3.74M +$3.72M +144,000 New

BAK Hedge Fund Activity: Q2 2018 in Review

98 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Braskem (BAK) for Q2 2018, worth a combined $721M — up 17% from $616M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of BAK and 20 opened new positions — a net loss of 4 holders — while 29 trimmed existing stakes and 30 added.

The largest buyer was Carlson Capital, adding an estimated $25.5M. The largest seller was Bank of America, cutting an estimated $18.9M.

  • 98 institutional investors held Braskem (BAK) as of Q2 2018, down from 104 in Q1 2018.
  • Funds reported $721M of Braskem stock for Q2 2018, up 17% quarter-over-quarter.
  • 20 funds opened new Braskem positions in Q2 2018 and 24 closed out, a net change of -4 holders.
  • The largest Braskem buyer in Q2 2018 was Carlson Capital, an estimated $25.5M added.
  • The largest Braskem seller in Q2 2018 was Bank of America, an estimated $18.9M sold.

Based on aggregated 13F filings for Q2 2018.