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BBT

Beacon Financial Corp
BBT

178 hedge funds and large institutions have $985M invested in Beacon Financial Corp in 2019 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 72 increasing their positions, 45 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 45

7% more capital invested

Capital invested by funds: $921M → $985M (+$63.5M)

3.59% more ownership

Funds ownership: 75.12% → 78.7% (+3.6%)

4% less funds holding

Funds holding: 186 → 178 (-8)

27% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 30

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $193K

Holders
178
Holders Change
-8
Holders Change %
-4.3%
% of All Funds
3.85%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
72
Reduced
45
Closed
30
Calls
–
Puts
$193K
Net Calls
-$193K
Net Calls Change
-$463K

Top Buyers

Rank Fund Capital Flow
1
Victory Capital Management
Victory Capital Management
Texas
+$30.4M
2
EC
EJF Capital
Virginia
+$15.1M
3
ACB
Aristotle Capital Boston
Massachusetts
+$13M
4
WHG
Westwood Holdings Group
Texas
+$8.61M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$6.83M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$10.7M
2
Allianz Asset Management
Allianz Asset Management
Germany
-$6.48M
3
Renaissance Technologies
Renaissance Technologies
New York
-$5.83M
4
BlackRock
BlackRock
New York
-$4.78M
5
Morgan Stanley
Morgan Stanley
New York
-$4.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
FIM
26
Foresters Investment Management
New York
$9.55M +$290K +10,000 +3%
Ameriprise
27
Ameriprise
Minnesota
$8.44M +$786K +27,128 +10%
Allianz Asset Management
28
Allianz Asset Management
Germany
$8.29M -$6.48M -223,704 -42%
PCM
29
Peregrine Capital Management
Minnesota
$7.64M -$31.2K -1,076 -0.4%
Goldman Sachs
30
Goldman Sachs
New York
$7.55M -$311K -10,752 -4%
Bank of America
31
Bank of America
North Carolina
$7.32M +$577K +19,938 +8%
Charles Schwab
32
Charles Schwab
California
$6.35M +$309K +10,680 +5%
FP
33
Foundry Partners
Minnesota
$6.01M +$614K +21,206 +11%
BCM
34
Bridgeway Capital Management
Texas
$5.98M – – –
Millennium Management
35
Millennium Management
New York
$5.72M +$5.1M +176,163 +523%
PP
36
Prospector Partners
Connecticut
$4.72M +$5.02M +173,300 New
HAI
37
Hennessy Advisors Inc
California
$4.36M +$4.63M +160,000 New
SEI Investments
38
SEI Investments
Pennsylvania
$3.91M +$821K +28,364 +25%
TCIM
39
TIAA CREF Investment Management
New York
$3.9M +$707K +24,398 +21%
Marshall Wace
40
Marshall Wace
United Kingdom
$3.9M -$1.83M -63,108 -31%
BGIM
41
Brandywine Global Investment Management
Pennsylvania
$3.72M +$19.5K +674 +0.5%
Citadel Advisors
42
Citadel Advisors
Florida
$3.61M -$268K -9,261 -7%
PPA
43
Parametric Portfolio Associates
Washington
$3.57M +$831K +28,705 +28%
Balyasny Asset Management
44
Balyasny Asset Management
Illinois
$3.36M +$2.62M +90,491 +277%
RhumbLine Advisers
45
RhumbLine Advisers
Massachusetts
$3.27M +$26.7K +923 +0.8%
TA
46
Teachers Advisors
New York
$3.07M +$572K +19,740 +21%
California Public Employees Retirement System
47
California Public Employees Retirement System
California
$2.91M -$483K -16,664 -13%
Legal & General Group
48
Legal & General Group
United Kingdom
$2.88M +$344K +11,863 +13%
Wells Fargo
49
Wells Fargo
California
$2.88M -$3.15M -108,917 -51%
Morgan Stanley
50
Morgan Stanley
New York
$2.45M -$4.34M -149,990 -63%
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BBT Hedge Fund Activity: Q1 2019 in Review

178 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Beacon Financial Corp (BBT) for Q1 2019, worth a combined $985M — up 6.9% from $921M a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of BBT and 22 opened new positions — a net loss of 8 holders — while 45 trimmed existing stakes and 72 added.

The largest buyer was Victory Capital Management, opening a new position worth an estimated $30.4M. The largest seller was Fidelity Investments, exiting entirely with an estimated $10.7M sold.

  • 178 institutional investors held Beacon Financial Corp (BBT) as of Q1 2019, down from 186 in Q4 2018.
  • Funds reported $985M of Beacon Financial Corp stock for Q1 2019, up 6.9% quarter-over-quarter.
  • 22 funds opened new Beacon Financial Corp positions in Q1 2019 and 30 closed out, a net change of -8 holders.
  • The largest Beacon Financial Corp buyer in Q1 2019 was Victory Capital Management, an estimated $30.4M added.
  • The largest Beacon Financial Corp seller in Q1 2019 was Fidelity Investments, an estimated $10.7M sold.

Based on aggregated 13F filings for Q1 2019.