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Braskem
BAK

59 hedge funds and large institutions have $60.9M invested in Braskem in 2023 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 9

46% more capital invested

Capital invested by funds: $41.7M → $60.9M (+$19.1M)

33% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 15

11% more funds holding

Funds holding: 53 → 59 (+6)

0.05% less ownership

Funds ownership: 1.56% → 1.51% (-0.05%)

Holders
59
Holders Change
+6
Holders Change %
+11.32%
% of All Funds
0.93%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
20
Reduced
15
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$4.33M
2
Morgan Stanley
Morgan Stanley
New York
+$3.71M
3
Optiver Holding
Optiver Holding
Netherlands
+$3.38M
4
JF
Jump Financial
Illinois
+$1.08M
5
Verition Fund Management
Verition Fund Management
Connecticut
+$947K

Top Sellers

Rank Fund Capital Flow
1
NIG
NFJ Investment Group
Texas
-$9.99M
2
Two Sigma Investments
Two Sigma Investments
New York
-$3.33M
3
Bank of America
Bank of America
North Carolina
-$1.11M
4
VA
Verdad Advisers
Massachusetts
-$1M
5
MIC
Maxi Investments CY
Cyprus
-$770K
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
1
Millennium Management
New York
$7.35M +$4.33M +457,517 +264%
Vanguard Group
2
Vanguard Group
Pennsylvania
$7.34M -$73.2K -7,737 -1%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$6.43M -$667K -70,461 -11%
Renaissance Technologies
4
Renaissance Technologies
New York
$6.26M +$561K +59,300 +12%
Morgan Stanley
5
Morgan Stanley
New York
$6.11M +$3.71M +392,451 +297%
Verition Fund Management
6
Verition Fund Management
Connecticut
$4.66M +$947K +100,000 +33%
Optiver Holding
7
Optiver Holding
Netherlands
$4.17M +$3.38M +357,516 New
State Street
8
State Street
Massachusetts
$2.34M +$36.8K +3,887 +2%
Squarepoint
9
Squarepoint
New York
$1.36M +$104K +11,000 +10%
BBP
10
Banco BTG Pactual
Brazil
$1.35M +$909K +96,019 +481%
JF
11
Jump Financial
Illinois
$1.33M +$1.08M +113,800 New
American Century Companies
12
American Century Companies
Missouri
$1M +$31.4K +3,322 +4%
Jane Street
13
Jane Street
New York
$988K +$803K +84,804 New
CSS
14
Cubist Systematic Strategies
Connecticut
$854K +$561K +59,221 +421%
Two Sigma Investments
15
Two Sigma Investments
New York
$714K -$3.33M -351,652 -85%
JP Morgan Chase
16
JP Morgan Chase
New York
$706K +$16.2K +1,712 +3%
MPM
17
MBB Public Markets
Illinois
$593K +$482K +50,900 New
Schroder Investment Management Group
18
Schroder Investment Management Group
United Kingdom
$563K -$141K -14,862 -24%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$562K -$222K -23,482 -33%
TI
20
Trexquant Investment
Connecticut
$495K +$301K +31,748 +296%
Norges Bank
21
Norges Bank
Norway
$478K – – –
CC
22
Centiva Capital
New York
$476K +$387K +40,897 New
VEA
23
Virtus ETF Advisers
New York
$402K +$21.1K +2,224 +7%
SA
24
Shilanski & Associates
Alaska
$328K -$3.25K -343 -17%
S2L
25
Sparta 24 Ltd
Israel
$318K +$258K +27,276 New
1
2 3

BAK Hedge Fund Activity: Q2 2023 in Review

59 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Braskem (BAK) for Q2 2023, worth a combined $60.9M — up 46% from $41.7M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new BAK positions and 9 closed out — a net gain of 6 holders — while 20 added to existing stakes and 15 trimmed.

The largest buyer was Millennium Management, adding an estimated $4.33M. The largest seller was NFJ Investment Group, exiting entirely with an estimated $9.99M sold.

  • 59 institutional investors held Braskem (BAK) as of Q2 2023, up from 53 in Q1 2023.
  • Funds reported $60.9M of Braskem stock for Q2 2023, up 46% quarter-over-quarter.
  • 15 funds opened new Braskem positions in Q2 2023 and 9 closed out, a net change of +6 holders.
  • The largest Braskem buyer in Q2 2023 was Millennium Management, an estimated $4.33M added.
  • The largest Braskem seller in Q2 2023 was NFJ Investment Group, an estimated $9.99M sold.

Based on aggregated 13F filings for Q2 2023.