Beacon Financial Corp
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$12M |
| 2 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$8.95M |
| 3 |
FIM
Foresters Investment Management
New York
|
+$4.22M |
| 4 |
Millennium Management
New York
|
+$3.63M |
| 5 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$3.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair & Company
Chicago,
Illinois
|
-$10.1M |
| 2 |
RA
Royce & Associates
New York
|
-$9.41M |
| 3 |
CGI
CI Global Investments
Oakland,
California
|
-$5.64M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$4.61M |
| 5 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
-$3.43M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
HighTower Advisors
Chicago,
Illinois
| – | -$450K | -16,204 | Closed |
|
127
Axa
Paris,
France
| – | -$310K | -11,175 | Closed |
|
|
BFIM
128
Beese Fulmer Investment Management
Canton,
Ohio
| – | -$307K | -11,042 | Closed |
|
129
D.E. Shaw & Co
New York
| – | -$300K | -10,809 | Closed |
|
130
BNP Paribas Financial Markets
Paris,
France
| – | -$246K | -8,862 | Closed |
|
|
GVT
131
Genesee Valley Trust
Pittsford,
New York
| – | -$226K | -8,125 | Closed |
|
132
AQR Capital Management
Greenwich,
Connecticut
| – | -$214K | -7,700 | Closed |
|
133
Principal Financial Group
Des Moines,
Iowa
| – | -$208K | -7,501 | Closed |
|
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.