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Banco Bradesco
BBD

227 hedge funds and large institutions have $3B invested in Banco Bradesco in 2023 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 91 increasing their positions, 60 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 60

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

31% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 29

30% more capital invested

Capital invested by funds: $2.31B → $3B (+$695M)

4% more funds holding

Funds holding: 218 → 227 (+9)

0.04% less ownership

Funds ownership: 16.59% → 16.55% (-0.04%)

47% less call options, than puts

Call options by funds: $16.4M | Put options by funds: $30.9M

Holders
227
Holders Change
+9
Holders Change %
+4.13%
% of All Funds
3.56%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.09%
New
38
Increased
91
Reduced
60
Closed
29
Calls
$16.4M
Puts
$30.9M
Net Calls
-$14.5M
Net Calls Change
-$2.89M

Top Buyers

1
OCM
Oaktree Capital Management
California
+$29.4M
2
Goldman Sachs
Goldman Sachs
New York
+$24.9M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$23.3M
4
Russell Investments Group
Russell Investments Group
United Kingdom
+$18.8M
5
Millennium Management
Millennium Management
New York
+$13.9M

Top Sellers

1
HL
Harding Loevner
New Jersey
-$74.8M
2
CCM
Causeway Capital Management
California
-$33.7M
3
BlackRock
BlackRock
New York
-$20M
4
Macquarie Group
Macquarie Group
Australia
-$11.8M
5
SIM
Sprucegrove Investment Management
Ontario, Canada
-$10.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Schroder Investment Management Group
26
Schroder Investment Management Group
United Kingdom
$19.8M +$7.7M +2,492,598 +77%
Morgan Stanley
27
Morgan Stanley
New York
$19.4M +$339K +109,839 +2%
Fidelity International
28
Fidelity International
Bermuda
$19.1M -$2.75M -890,559 -14%
SPC
29
Slate Path Capital
New York
$18.2M – – –
Deutsche Bank
30
Deutsche Bank
Germany
$17.4M -$207K -67,084 -1%
Legal & General Group
31
Legal & General Group
United Kingdom
$16.2M -$955K -309,119 -6%
II
32
INCA Investments
Florida
$15.9M -$3.86M -1,250,990 -21%
Millennium Management
33
Millennium Management
New York
$15.7M +$13.9M +4,497,184 +8,335%
Northern Trust
34
Northern Trust
Illinois
$15.3M +$1.57M +507,176 +13%
UBS Group
35
UBS Group
Switzerland
$15.1M +$6.94M +2,246,405 +106%
GL
36
Gemsstock Ltd
United Kingdom
$13.8M +$12.4M +4,001,310 New
Vontobel Holding
37
Vontobel Holding
Switzerland
$13.7M +$971K +314,345 +9%
Citadel Advisors
38
Citadel Advisors
Florida
$12.6M +$10.9M +3,528,426 +3,121%
OFA
39
Oaktree Fund Advisors
California
$11.9M +$3.88M +1,254,733 +58%
NP
40
NS Partners
United Kingdom
$11M -$47.3K -15,300 -0.5%
Renaissance Technologies
41
Renaissance Technologies
New York
$10.8M +$7.91M +2,559,777 +466%
BCIM
42
Black Creek Investment Management
Ontario, Canada
$9.6M -$2.92M -945,000 -25%
American Century Companies
43
American Century Companies
Missouri
$7.49M -$103K -33,401 -2%
AQR Capital Management
44
AQR Capital Management
Connecticut
$7.47M -$2.45M -792,822 -27%
Arrowstreet Capital
45
Arrowstreet Capital
Massachusetts
$7.2M +$6.43M +2,080,484 New
Bank of New York Mellon
46
Bank of New York Mellon
New York
$6.79M -$491K -158,979 -7%
B
47
Barings
North Carolina
$6.4M -$2.6M -842,846 -31%
AIM
48
ARGA Investment Management
Connecticut
$6.2M +$441K +142,683 +9%
BBVA
49
Banco Bilbao Vizcaya Argentaria
Spain
$5.54M +$2.15M +696,271 +77%
EPAM
50
Euro Pacific Asset Management
Puerto Rico
$5.44M +$33.6K +10,862 +0.7%
1
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BBD Hedge Fund Activity: Q2 2023 in Review

227 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Banco Bradesco (BBD) for Q2 2023, worth a combined $3B — up 30% from $2.31B a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new BBD positions and 29 closed out — a net gain of 9 holders — while 91 added to existing stakes and 60 trimmed.

The largest buyer was Oaktree Capital Management, adding an estimated $29.4M. The largest seller was Harding Loevner, cutting an estimated $74.8M.

  • 227 institutional investors held Banco Bradesco (BBD) as of Q2 2023, up from 218 in Q1 2023.
  • Funds reported $3B of Banco Bradesco stock for Q2 2023, up 30% quarter-over-quarter.
  • 38 funds opened new Banco Bradesco positions in Q2 2023 and 29 closed out, a net change of +9 holders.
  • The largest Banco Bradesco buyer in Q2 2023 was Oaktree Capital Management, an estimated $29.4M added.
  • The largest Banco Bradesco seller in Q2 2023 was Harding Loevner, an estimated $74.8M sold.

Based on aggregated 13F filings for Q2 2023.