Beacon Financial Corp
171 hedge funds and large institutions have $426M invested in Beacon Financial Corp in 2020 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 68 increasing their positions, 44 reducing their positions, and 30 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 44
10% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 30
2% more funds holding
Funds holding: 168 → 171 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.96% less ownership
Funds ownership: 80.76% → 76.8% (-4%)
29% less capital invested
Capital invested by funds: $602M → $426M (-$177M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$6.33M |
| 2 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$5.74M |
| 3 |
BlackRock
New York
|
+$3.6M |
| 4 |
BCM
BHZ Capital Management
San Jose,
California
|
+$3.15M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$31.2M |
| 2 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$14.1M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$7.92M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$6.5M |
| 5 |
HAM
Hillcrest Asset Management
Plano,
Texas
|
-$5M |
BBT Hedge Fund Activity: Q2 2020 in Review
171 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Beacon Financial Corp (BBT) for Q2 2020, worth a combined $426M — down 29% from $602M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new BBT positions and 30 closed out — a net gain of 3 holders — while 68 added to existing stakes and 44 trimmed.
The largest buyer was Millennium Management, adding an estimated $6.33M. The largest seller was Victory Capital Management, cutting an estimated $31.2M.
- 171 institutional investors held Beacon Financial Corp (BBT) as of Q2 2020, up from 168 in Q1 2020.
- Funds reported $426M of Beacon Financial Corp stock for Q2 2020, down 29% quarter-over-quarter.
- 33 funds opened new Beacon Financial Corp positions in Q2 2020 and 30 closed out, a net change of +3 holders.
- The largest Beacon Financial Corp buyer in Q2 2020 was Millennium Management, an estimated $6.33M added.
- The largest Beacon Financial Corp seller in Q2 2020 was Victory Capital Management, an estimated $31.2M sold.
Based on aggregated 13F filings for Q2 2020.