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BBT

Beacon Financial Corp
BBT

180 hedge funds and large institutions have $1.18B invested in Beacon Financial Corp in 2017 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 76 increasing their positions, 47 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 47

12% more capital invested

Capital invested by funds: $1.05B → $1.18B (+$128M)

1.18% more ownership

Funds ownership: 74.12% → 75.3% (+1.2%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less funds holding

Funds holding: 186 → 180 (-6)

17% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 24

Holders
180
Holders Change
-6
Holders Change %
-3.23%
% of All Funds
4.49%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
20
Increased
76
Reduced
47
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$9.76M
2
HHC
Hutchin Hill Capital
New York
+$9.67M
3
PCM
Peregrine Capital Management
Minnesota
+$9.57M
4
LSV Asset Management
LSV Asset Management
Illinois
+$8.83M
5
TA
Teachers Advisors
New York
+$8.7M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$27M
2
William Blair Investment Management
William Blair Investment Management
Illinois
-$21M
3
MCM
Maltese Capital Management
New York
-$12.2M
4
Millennium Management
Millennium Management
New York
-$6.56M
5
Morgan Stanley
Morgan Stanley
New York
-$5.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
LNB
176
Ledyard National Bank
$8K – – –
PCM
177
Prelude Capital Management
New York
$8K +$7.05K +200 New
FWM
178
Focused Wealth Management
New York
$4K – – –
HR
179
Howe & Rusling
New York
$3K – – –
QCG
180
Quadrant Capital Group
Ohio
$2K – – –
William Blair Investment Management
181
William Blair Investment Management
Illinois
– -$21M -596,779 Closed
MCM
182
Maltese Capital Management
New York
– -$12.2M -347,827 Closed
Norges Bank
183
Norges Bank
Norway
– -$1.12M -31,775 Closed
DTL
184
Dynamic Technology Lab
Singapore
– -$941K -26,774 Closed
LCM
185
Laurion Capital Management
New York
– -$828K -23,544 Closed
SIA
186
Sit Investment Associates
Minnesota
– -$725K -20,625 Closed
BCM
187
BlueCrest Capital Management
Jersey
– -$568K -16,153 Closed
BPM
188
Bowling Portfolio Management
Ohio
– -$498K -14,169 Closed
SCM
189
Stevens Capital Management
Pennsylvania
– -$472K -13,438 Closed
Verition Fund Management
190
Verition Fund Management
Connecticut
– -$467K -13,297 Closed
Arrowstreet Capital
191
Arrowstreet Capital
Massachusetts
– -$429K -12,200 Closed
TC
192
TFS Capital
Pennsylvania
– -$404K -11,493 Closed
EM
193
ELCO Management
New York
– -$345K -9,806 Closed
KI
194
Koch Industries
Kansas
– -$288K -8,185 Closed
TI
195
Trexquant Investment
Connecticut
– -$232K -6,600 Closed
Connor, Clark & Lunn Investment Management (CC&L)
196
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
– -$227K -6,450 Closed
MF
197
Magnetar Financial
Illinois
– -$204K -5,795 Closed
CG
198
Clinton Group
New York
– -$202K -5,739 Closed
PG
199
PEAK6 Group
Illinois
– -$90K -2,552 Closed
AIM
200
Acrospire Investment Management
Illinois
– -$36K -1,012 Closed
5 6 7
8
9

BBT Hedge Fund Activity: Q3 2017 in Review

180 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Beacon Financial Corp (BBT) for Q3 2017, worth a combined $1.18B — up 12% from $1.05B a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of BBT and 20 opened new positions — a net loss of 4 holders — while 47 trimmed existing stakes and 76 added.

The largest buyer was BlackRock, adding an estimated $9.76M. The largest seller was Wellington Management Group, cutting an estimated $27M.

  • 180 institutional investors held Beacon Financial Corp (BBT) as of Q3 2017, down from 186 in Q2 2017.
  • Funds reported $1.18B of Beacon Financial Corp stock for Q3 2017, up 12% quarter-over-quarter.
  • 20 funds opened new Beacon Financial Corp positions in Q3 2017 and 24 closed out, a net change of -4 holders.
  • The largest Beacon Financial Corp buyer in Q3 2017 was BlackRock, an estimated $9.76M added.
  • The largest Beacon Financial Corp seller in Q3 2017 was Wellington Management Group, an estimated $27M sold.

Based on aggregated 13F filings for Q3 2017.