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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
PCM
76
Palouse Capital Management
Washington
$418K -$1.57K -60 -0.4%
ProShare Advisors
77
ProShare Advisors
Maryland
$400K +$288 +11 +0.1%
First Manhattan
78
First Manhattan
New York
$397K – – –
VOYA Investment Management
79
VOYA Investment Management
Georgia
$382K – – –
BA
80
BlackRock Advisors
Delaware
$381K +$2.88K +110 +0.7%
Allianz Asset Management
81
Allianz Asset Management
Germany
$379K +$247K +9,412 +166%
CIC
82
Cornercap Investment Counsel
Georgia
$334K +$80.9K +3,085 +30%
AA
83
ALPS Advisors
Colorado
$256K +$267K +10,196 New
GMIM
84
General Motors Investment Management
New York
$249K +$260K +9,932 New
RFC
85
Russell Frank Company
Washington
$225K -$3.13M -119,601 -93%
DJSG
86
D.J. St. Germain
Massachusetts
$221K +$2.62K +100 +1%
US Bancorp
87
US Bancorp
Minnesota
$217K -$24.2K -922 -10%
Public Employees Retirement Association of Colorado
88
Public Employees Retirement Association of Colorado
Colorado
$216K – – –
TA
89
Teton Advisors
New York
$213K – – –
T. Rowe Price Associates
90
T. Rowe Price Associates
Maryland
$213K +$223K +8,500 New
UBS AM
91
UBS AM
Illinois
$202K +$19.9K +760 +10%
Royal Bank of Canada
92
Royal Bank of Canada
Ontario, Canada
$192K -$139K -5,291 -41%
PNC Financial Services Group
93
PNC Financial Services Group
Pennsylvania
$181K +$68.1K +2,600 +57%
CCMH
94
Cornerstone Capital Management Holdings
New York
$178K +$173K +6,612 +1,355%
TCOV
95
Trust Company of Vermont
Vermont
$177K – – –
Bank of America
96
Bank of America
North Carolina
$168K -$354K -13,490 -67%
Citigroup
97
Citigroup
New York
$130K -$151K -5,758 -53%
SG Americas Securities
98
SG Americas Securities
New York
$116K +$121K +4,606 New
PH
99
Pinnacle Holdings
Oklahoma
$113K -$4.8K -183 -4%
Barclays
100
Barclays
United Kingdom
$96K +$10K +383 +11%
2 3
4
5 6

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.