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BBT

Beacon Financial Corp
BBT

117 hedge funds and large institutions have $441M invested in Beacon Financial Corp in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 55 increasing their positions, 33 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 33

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.96% less ownership

Funds ownership: 75.15% → 73.19% (-2%)

8% less funds holding

Funds holding: 127 → 117 (-10)

16% less capital invested

Capital invested by funds: $523M → $441M (-$82.2M)

53% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 17

Holders
117
Holders Change
-10
Holders Change %
-7.87%
% of All Funds
3.79%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
55
Reduced
33
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Artisan Partners
Artisan Partners
Wisconsin
+$12M
2
ECA
Endeavour Capital Advisors
Connecticut
+$8.95M
3
FIM
Foresters Investment Management
New York
+$4.22M
4
Millennium Management
Millennium Management
New York
+$3.63M
5
WCM
Wedge Capital Management
North Carolina
+$3.26M

Top Sellers

Rank Fund Capital Flow
1
William Blair & Company
William Blair & Company
Illinois
-$10.1M
2
RA
Royce & Associates
New York
-$9.41M
3
CGI
CI Global Investments
California
-$5.64M
4
PI
Putnam Investments
Massachusetts
-$4.61M
5
ICOM
Investment Counselors of Maryland
Maryland
-$3.43M
Name Holding Trade Value Shares
Change 		Change in
Stake
WCM
26
Wedge Capital Management
North Carolina
$4.07M +$3.26M +124,497 +331%
GT
27
Glenmede Trust
Pennsylvania
$3.68M +$519K +19,812 +16%
Millennium Management
28
Millennium Management
New York
$3.48M +$3.63M +138,549 New
AIS
29
AlphaOne Investment Services
Pennsylvania
$3.11M -$615K -23,456 -16%
TCIM
30
TIAA CREF Investment Management
New York
$2.95M +$16.5K +629 +0.5%
BCM
31
Bridgeway Capital Management
Texas
$2.95M +$2.55M +97,450 +487%
New York State Common Retirement Fund
32
New York State Common Retirement Fund
New York
$2.85M – – –
GC
33
Guggenheim Capital
Illinois
$2.79M +$1.88M +71,581 +181%
Geode Capital Management
34
Geode Capital Management
Massachusetts
$2.75M +$85.4K +3,259 +3%
California Public Employees Retirement System
35
California Public Employees Retirement System
California
$2.49M +$170K +6,501 +7%
RHJA
36
Rice Hall James & Associates
California
$2.43M -$7.86K -300 -0.3%
Massachusetts Financial Services
37
Massachusetts Financial Services
Massachusetts
$2.28M +$134K +5,110 +6%
EAM
38
Eagle Asset Management
Florida
$2.25M +$97.5K +3,718 +4%
BIM
39
BlackRock Investment Management
Delaware
$2.25M +$36.7K +1,402 +2%
Charles Schwab
40
Charles Schwab
California
$2.04M +$199K +7,609 +10%
JP Morgan Chase
41
JP Morgan Chase
New York
$1.79M +$396K +15,107 +27%
LFCM
42
Lane Five Capital Management
Maryland
$1.41M – – –
Deutsche Bank
43
Deutsche Bank
Germany
$1.39M +$421K +16,055 +41%
Nordea Investment Management
44
Nordea Investment Management
Sweden
$1.37M +$152K +5,792 +12%
California State Teachers Retirement System (CalSTRS)
45
California State Teachers Retirement System (CalSTRS)
California
$1.13M +$37.8K +1,442 +3%
Goldman Sachs
46
Goldman Sachs
New York
$1.12M +$45.4K +1,731 +4%
AllianceBernstein
47
AllianceBernstein
Tennessee
$1.12M +$2.99K +114 +0.3%
U
48
UBS
Switzerland
$1.07M +$12K +456 +1%
RhumbLine Advisers
49
RhumbLine Advisers
Massachusetts
$927K -$6K -229 -0.6%
PPA
50
Parametric Portfolio Associates
Washington
$911K +$6.05K +231 +0.6%
1
2
3 4 5

BBT Hedge Fund Activity: Q3 2013 in Review

117 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Beacon Financial Corp (BBT) for Q3 2013, worth a combined $441M — down 16% from $523M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of BBT and 8 opened new positions — a net loss of 9 holders — while 33 trimmed existing stakes and 55 added.

The largest buyer was Artisan Partners, adding an estimated $12M. The largest seller was William Blair & Company, exiting entirely with an estimated $10.1M sold.

  • 117 institutional investors held Beacon Financial Corp (BBT) as of Q3 2013, down from 127 in Q2 2013.
  • Funds reported $441M of Beacon Financial Corp stock for Q3 2013, down 16% quarter-over-quarter.
  • 8 funds opened new Beacon Financial Corp positions in Q3 2013 and 17 closed out, a net change of -9 holders.
  • The largest Beacon Financial Corp buyer in Q3 2013 was Artisan Partners, an estimated $12M added.
  • The largest Beacon Financial Corp seller in Q3 2013 was William Blair & Company, an estimated $10.1M sold.

Based on aggregated 13F filings for Q3 2013.