Beacon Financial Corp
170 hedge funds and large institutions have $1.08B invested in Beacon Financial Corp in 2019 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 55 increasing their positions, 60 reducing their positions, and 16 closing their positions.
8% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 60
1.09% less ownership
Funds ownership: 73.67% → 72.58% (-1.1%)
2% less funds holding
Funds holding: 174 → 170 (-4)
8% less capital invested
Capital invested by funds: $1.18B → $1.08B (-$100M)
19% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 16
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.78M |
| 2 |
JP Morgan Chase
New York
|
+$5.36M |
| 3 |
ACB
Aristotle Capital Boston
Boston,
Massachusetts
|
+$3.78M |
| 4 |
Millennium Management
New York
|
+$2.24M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$2.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$8.8M |
| 2 |
PCM
Peregrine Capital Management
Minneapolis,
Minnesota
|
-$8.76M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$6.07M |
| 4 |
PP
Prospector Partners
Guilford,
Connecticut
|
-$5.46M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$5.06M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
USAA
176
United Services Automobile Association
San Antonio,
Texas
| – | -$205K | -6,532 | Closed |
|
|
MFG
177
Magnus Financial Group
New York
| – | -$205K | -6,519 | Closed |
|
|
PCG
178
Private Capital Group
West Hartford,
Connecticut
| – | -$16K | -389 | Closed |
|
|
KTC
179
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| – | -$10K | -316 | Closed |
|
|
CAW
180
Cornerstone Advisors (Washington)
Bellevue,
Washington
| – | -$10K | -311 | Closed |
|
181
Fidelity Investments
Boston,
Massachusetts
| – | -$7K | -230 | Closed |
|
|
HGWM
182
Harvest Group Wealth Management
Waltham,
Massachusetts
| – | -$4K | -151 | Closed |
|
|
LC
183
Lindbrook Capital
Calabasas,
California
| – | -$3K | -120 | Closed |
|
|
PAM
184
Panagora Asset Management
Boston,
Massachusetts
| – | -$4K | -112 | Closed |
|
BBT Hedge Fund Activity: Q3 2019 in Review
170 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Beacon Financial Corp (BBT) for Q3 2019, worth a combined $1.08B — down 8.5% from $1.18B a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of BBT and 13 opened new positions — a net loss of 3 holders — while 60 trimmed existing stakes and 55 added.
The largest buyer was Vanguard Group, adding an estimated $5.78M. The largest seller was Balyasny Asset Management, cutting an estimated $8.8M.
- 170 institutional investors held Beacon Financial Corp (BBT) as of Q3 2019, down from 174 in Q2 2019.
- Funds reported $1.08B of Beacon Financial Corp stock for Q3 2019, down 8.5% quarter-over-quarter.
- 13 funds opened new Beacon Financial Corp positions in Q3 2019 and 16 closed out, a net change of -3 holders.
- The largest Beacon Financial Corp buyer in Q3 2019 was Vanguard Group, an estimated $5.78M added.
- The largest Beacon Financial Corp seller in Q3 2019 was Balyasny Asset Management, an estimated $8.8M sold.
Based on aggregated 13F filings for Q3 2019.