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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
Ohio Public Employees Retirement System (OPERS)
51
Ohio Public Employees Retirement System (OPERS)
Ohio
$2.22M +$2.36M +81,600 New
MSE
52
MUFG Securities EMEA
United Kingdom
$2.13M +$2.26M +78,100 New
EBIM
53
Eagle Boston Investment Management
Massachusetts
$2.08M -$770K -26,580 -26%
Mackenzie Financial
54
Mackenzie Financial
Ontario, Canada
$2M +$2.12M +73,221 New
Swiss National Bank
55
Swiss National Bank
Switzerland
$1.92M +$60.8K +2,100 +3%
QI
56
QS Investors
New York
$1.74M – – –
ASRS
57
Arizona State Retirement System
Arizona
$1.7M +$7.73K +267 +0.4%
California State Teachers Retirement System (CalSTRS)
58
California State Teachers Retirement System (CalSTRS)
California
$1.7M -$41.4K -1,431 -2%
Deutsche Bank
59
Deutsche Bank
Germany
$1.69M +$726K +25,064 +68%
AllianceBernstein
60
AllianceBernstein
Tennessee
$1.69M -$75.3K -2,600 -4%
EVM
61
Eaton Vance Management
Massachusetts
$1.51M – – –
Hotchkis & Wiley Capital Management
62
Hotchkis & Wiley Capital Management
California
$1.29M +$1.37M +47,360 New
CS
63
Credit Suisse
Switzerland
$1.21M +$224K +7,749 +21%
First Trust Advisors
64
First Trust Advisors
Illinois
$1.21M +$895K +30,890 +231%
Macquarie Group
65
Macquarie Group
Australia
$1.2M – – –
Commonwealth Equity Services
66
Commonwealth Equity Services
Massachusetts
$1.2M +$59.9K +2,069 +5%
ACL
67
Azora Capital LP
Florida
$1.2M +$1.27M +43,906 New
Comerica Bank
68
Comerica Bank
Texas
$1.16M +$24.9K +859 +2%
New York State Common Retirement Fund
69
New York State Common Retirement Fund
New York
$1.09M – – –
PI
70
PineBridge Investments
New York
$1.04M +$268K +9,248 +32%
Public Sector Pension Investment Board (PSP Investments)
71
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.01M +$52.1K +1,800 +5%
VRS
72
Virginia Retirement Systems
Virginia
$1M +$5.79K +200 +0.5%
Barclays
73
Barclays
United Kingdom
$864K +$375K +12,964 +69%
Two Sigma Investments
74
Two Sigma Investments
New York
$853K -$811K -28,008 -47%
Citigroup
75
Citigroup
New York
$847K +$268K +9,270 +43%
1 2
3
4 5

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.