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Braskem
BAK

53 hedge funds and large institutions have $41.7M invested in Braskem in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more capital invested

Capital invested by funds: $22.6M → $41.7M (+$19.2M)

17% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 12

13% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 16

4% more funds holding

Funds holding: 51 → 53 (+2)

0.68% more ownership

Funds ownership: 0.88% → 1.56% (+0.68%)

Holders
53
Holders Change
+2
Holders Change %
+3.92%
% of All Funds
0.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
18
Reduced
16
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
NIG
NFJ Investment Group
Texas
+$10.5M
2
Two Sigma Investments
Two Sigma Investments
New York
+$3.35M
3
Verition Fund Management
Verition Fund Management
Connecticut
+$2.43M
4
Bank of America
Bank of America
North Carolina
+$943K
5
Renaissance Technologies
Renaissance Technologies
New York
+$757K

Top Sellers

Rank Fund Capital Flow
1
PI
PineBridge Investments
New York
-$937K
2
Morgan Stanley
Morgan Stanley
New York
-$491K
3
State Street
State Street
Massachusetts
-$412K
4
HSBC Holdings
HSBC Holdings
United Kingdom
-$163K
5
AQR Capital Management
AQR Capital Management
Connecticut
-$152K
Name Holding Trade Value Shares
Change 		Change in
Stake
NIG
1
NFJ Investment Group
Texas
$9.99M +$10.5M +1,297,469 New
Vanguard Group
2
Vanguard Group
Pennsylvania
$4.91M – – –
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$4.79M -$3.11K -383 -0.1%
Renaissance Technologies
4
Renaissance Technologies
New York
$3.68M +$757K +93,333 +24%
Two Sigma Investments
5
Two Sigma Investments
New York
$3.18M +$3.35M +412,946 New
Verition Fund Management
6
Verition Fund Management
Connecticut
$2.31M +$2.43M +300,000 New
State Street
7
State Street
Massachusetts
$1.52M -$412K -50,798 -20%
Millennium Management
8
Millennium Management
New York
$1.33M +$660K +81,351 +89%
Morgan Stanley
9
Morgan Stanley
New York
$1.02M -$491K -60,564 -31%
VA
10
Verdad Advisers
Massachusetts
$1M +$45.4K +5,591 +4%
Bank of America
11
Bank of America
North Carolina
$984K +$943K +116,168 +1,005%
Squarepoint
12
Squarepoint
New York
$812K +$486K +59,942 +132%
MIC
13
Maxi Investments CY
Cyprus
$770K – – –
American Century Companies
14
American Century Companies
Missouri
$640K +$107K +13,207 +19%
Bank of New York Mellon
15
Bank of New York Mellon
New York
$552K +$101K +12,487 +21%
Schroder Investment Management Group
16
Schroder Investment Management Group
United Kingdom
$487K +$31.4K +3,867 +7%
JP Morgan Chase
17
JP Morgan Chase
New York
$453K +$475K +58,507 +14,812%
SA
18
Shilanski & Associates
Alaska
$403K -$649 -80 -4%
Two Sigma Advisers
19
Two Sigma Advisers
New York
$372K +$392K +48,300 New
Citadel Advisors
20
Citadel Advisors
Florida
$331K +$208K +25,663 +149%
Norges Bank
21
Norges Bank
Norway
$316K – – –
VEA
22
Virtus ETF Advisers
New York
$248K +$262K +32,247 New
GC
23
Guggenheim Capital
Illinois
$161K +$2.18K +269 +1%
EI
24
Ethic Inc
New York
$160K +$169K +20,799 New
FTDI
25
First Trust Direct Indexing
Massachusetts
$157K +$9.8K +1,208 +6%
1
2 3

BAK Hedge Fund Activity: Q1 2023 in Review

53 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Braskem (BAK) for Q1 2023, worth a combined $41.7M — up 85% from $22.6M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new BAK positions and 12 closed out — a net gain of 2 holders — while 18 added to existing stakes and 16 trimmed.

The largest buyer was NFJ Investment Group, opening a new position worth an estimated $10.5M. The largest seller was PineBridge Investments, exiting entirely with an estimated $937K sold.

  • 53 institutional investors held Braskem (BAK) as of Q1 2023, up from 51 in Q4 2022.
  • Funds reported $41.7M of Braskem stock for Q1 2023, up 85% quarter-over-quarter.
  • 14 funds opened new Braskem positions in Q1 2023 and 12 closed out, a net change of +2 holders.
  • The largest Braskem buyer in Q1 2023 was NFJ Investment Group, an estimated $10.5M added.
  • The largest Braskem seller in Q1 2023 was PineBridge Investments, an estimated $937K sold.

Based on aggregated 13F filings for Q1 2023.