Barrett Business Services
BBSI
151 hedge funds and large institutions have $503M invested in Barrett Business Services in 2023 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 58 increasing their positions, 44 reducing their positions, and 21 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 44
12.28% more ownership
Funds ownership: 317.94% → 330.22% (+12%)
2% less capital invested
Capital invested by funds: $516M → $503M (-$12.6M)
10% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 21
3% less funds holding
Funds holding: 155 → 151 (-4)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
+$8.83M |
| 2 |
RA
Royce & Associates
New York
|
+$6.4M |
| 3 |
PCMF
Private Capital Management (Florida)
Naples,
Florida
|
+$5.78M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.6M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$30.4M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$3.7M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$3.41M |
| 4 |
BlackRock
New York
|
-$2.49M |
| 5 |
EGI
EAM Global Investors
Solana Beach,
California
|
-$2.23M |
BBSI Hedge Fund Activity: Q1 2023 in Review
151 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Barrett Business Services (BBSI) for Q1 2023, worth a combined $503M — down 2.4% from $516M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of BBSI and 19 opened new positions — a net loss of 2 holders — while 44 trimmed existing stakes and 58 added.
The largest buyer was GW&K Investment Management, opening a new position worth an estimated $8.83M. The largest seller was JP Morgan Chase, cutting an estimated $30.4M.
- 151 institutional investors held Barrett Business Services (BBSI) as of Q1 2023, down from 155 in Q4 2022.
- Funds reported $503M of Barrett Business Services stock for Q1 2023, down 2.4% quarter-over-quarter.
- 19 funds opened new Barrett Business Services positions in Q1 2023 and 21 closed out, a net change of -2 holders.
- The largest Barrett Business Services buyer in Q1 2023 was GW&K Investment Management, an estimated $8.83M added.
- The largest Barrett Business Services seller in Q1 2023 was JP Morgan Chase, an estimated $30.4M sold.
Based on aggregated 13F filings for Q1 2023.