Beacon Financial Corp
117 hedge funds and large institutions have $428M invested in Beacon Financial Corp in 2014 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 39 increasing their positions, 46 reducing their positions, and 10 closing their positions.
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
3% more funds holding
Funds holding: 114 → 117 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.56% less ownership
Funds ownership: 74.03% → 73.48% (-0.56%)
7% less capital invested
Capital invested by funds: $461M → $428M (-$32.8M)
15% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 46
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$3.79M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$2.9M |
| 3 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$2.6M |
| 4 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
+$2.12M |
| 5 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
+$1.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
-$5.42M |
| 2 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$3.17M |
| 3 |
New York State Common Retirement Fund
Albany,
New York
|
-$2.94M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.5M |
| 5 |
RA
Royce & Associates
New York
|
-$2.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
BNP Paribas Financial Markets
Paris,
France
| – | -$422 | -18 | Closed |
|
BBT Hedge Fund Activity: Q2 2014 in Review
117 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Beacon Financial Corp (BBT) for Q2 2014, worth a combined $428M — down 7.1% from $461M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BBT positions and 10 closed out — a net gain of 3 holders — while 39 added to existing stakes and 46 trimmed.
The largest buyer was Penn Capital Management, opening a new position worth an estimated $3.79M. The largest seller was Investment Counselors of Maryland, exiting entirely with an estimated $5.42M sold.
- 117 institutional investors held Beacon Financial Corp (BBT) as of Q2 2014, up from 114 in Q1 2014.
- Funds reported $428M of Beacon Financial Corp stock for Q2 2014, down 7.1% quarter-over-quarter.
- 13 funds opened new Beacon Financial Corp positions in Q2 2014 and 10 closed out, a net change of +3 holders.
- The largest Beacon Financial Corp buyer in Q2 2014 was Penn Capital Management, an estimated $3.79M added.
- The largest Beacon Financial Corp seller in Q2 2014 was Investment Counselors of Maryland, an estimated $5.42M sold.
Based on aggregated 13F filings for Q2 2014.