Braskem
BAK
92 hedge funds and large institutions have $610M invested in Braskem in 2018 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 33 increasing their positions, 29 reducing their positions, and 20 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
14% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 29
5% more capital invested
Capital invested by funds: $581M → $610M (+$29.1M)
6% less funds holding
Funds holding: 98 → 92 (-6)
25% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 20
72% less call options, than puts
Call options by funds: $450K | Put options by funds: $1.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$27.2M |
| 2 |
BlackRock
New York
|
+$8.13M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$7.39M |
| 4 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
+$3.52M |
| 5 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
+$3.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$22M |
| 2 |
CC
Carlson Capital
Dallas,
Texas
|
-$9.99M |
| 3 |
Millennium Management
New York
|
-$9.63M |
| 4 |
BS
Banco Santander
Madrid,
Spain
|
-$9.29M |
| 5 |
HCM
Highbridge Capital Management
New York
|
-$6.28M |
BAK Hedge Fund Activity: Q3 2018 in Review
92 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Braskem (BAK) for Q3 2018, worth a combined $610M — up 5% from $581M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of BAK and 15 opened new positions — a net loss of 5 holders — while 29 trimmed existing stakes and 33 added.
The largest buyer was Morgan Stanley, adding an estimated $27.2M. The largest seller was Adage Capital Partners, cutting an estimated $22M.
- 92 institutional investors held Braskem (BAK) as of Q3 2018, down from 98 in Q2 2018.
- Funds reported $610M of Braskem stock for Q3 2018, up 5% quarter-over-quarter.
- 15 funds opened new Braskem positions in Q3 2018 and 20 closed out, a net change of -5 holders.
- The largest Braskem buyer in Q3 2018 was Morgan Stanley, an estimated $27.2M added.
- The largest Braskem seller in Q3 2018 was Adage Capital Partners, an estimated $22M sold.
Based on aggregated 13F filings for Q3 2018.