Beacon Financial Corp
166 hedge funds and large institutions have $889M invested in Beacon Financial Corp in 2016 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 76 increasing their positions, 43 reducing their positions, and 17 closing their positions.
77% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 43
41% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 17
39% more capital invested
Capital invested by funds: $639M → $889M (+$250M)
3% more funds holding
Funds holding: 161 → 166 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6.61% less ownership
Funds ownership: 74.4% → 67.79% (-6.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
+$10.1M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$7.53M |
| 3 |
State Street
Boston,
Massachusetts
|
+$6.43M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
+$6.38M |
| 5 |
BA
Boston Advisors
Boston,
Massachusetts
|
+$4.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$12.1M |
| 2 |
JAM
Jacobs Asset Management
New York
|
-$10M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$6.86M |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$3.95M |
| 5 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
-$3.27M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QSS
176
Quantitative Systematic Strategies
Ponte Vedra Beach,
Florida
| – | -$209K | -7,692 | Closed |
|
|
RA
177
Rational Advisors
Huntington,
New York
| – | -$157K | -5,650 | Closed |
|
178
SG Americas Securities
New York
| – | -$122K | -4,413 | Closed |
|
|
APSP
179
Asset Planning Services (Pennsylvania)
Harleysville,
Pennsylvania
| – | -$50K | -1,800 | Closed |
|
|
MOACM
180
Mutual of America Capital Management
New York
| – | -$44K | -1,600 | Closed |
|
181
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$13K | -471 | Closed |
|
BBT Hedge Fund Activity: Q4 2016 in Review
166 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Beacon Financial Corp (BBT) for Q4 2016, worth a combined $889M — up 39% from $639M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new BBT positions and 17 closed out — a net gain of 7 holders — while 76 added to existing stakes and 43 trimmed.
The largest buyer was Nuveen, opening a new position worth an estimated $10.1M. The largest seller was Millennium Management, cutting an estimated $12.1M.
- 166 institutional investors held Beacon Financial Corp (BBT) as of Q4 2016, up from 161 in Q3 2016.
- Funds reported $889M of Beacon Financial Corp stock for Q4 2016, up 39% quarter-over-quarter.
- 24 funds opened new Beacon Financial Corp positions in Q4 2016 and 17 closed out, a net change of +7 holders.
- The largest Beacon Financial Corp buyer in Q4 2016 was Nuveen, an estimated $10.1M added.
- The largest Beacon Financial Corp seller in Q4 2016 was Millennium Management, an estimated $12.1M sold.
Based on aggregated 13F filings for Q4 2016.