Beacon Financial Corp
181 hedge funds and large institutions have $937M invested in Beacon Financial Corp in 2023 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 46 increasing their positions, 64 reducing their positions, and 25 closing their positions.
192% more call options, than puts
Call options by funds: $38K | Put options by funds: $13K
20% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 25
9.61% more ownership
Funds ownership: 74.47% → 84.08% (+9.6%)
2% more funds holding
Funds holding: 177 → 181 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less capital invested
Capital invested by funds: $1B → $937M (-$65.7M)
28% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 64
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
+$26.1M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$24.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$6.16M |
| 4 |
Millennium Management
New York
|
+$5.17M |
| 5 |
D.E. Shaw & Co
New York
|
+$4.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
-$32.7M |
| 2 |
Goldman Sachs
New York
|
-$9.94M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$4.56M |
| 4 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
-$3.73M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$3.3M |
BBT Hedge Fund Activity: Q1 2023 in Review
181 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Beacon Financial Corp (BBT) for Q1 2023, worth a combined $937M — down 6.5% from $1B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new BBT positions and 25 closed out — a net gain of 5 holders — while 46 added to existing stakes and 64 trimmed.
The largest buyer was Clark Capital Management Group, adding an estimated $26.1M. The largest seller was William Blair Investment Management, exiting entirely with an estimated $32.7M sold.
- 181 institutional investors held Beacon Financial Corp (BBT) as of Q1 2023, up from 177 in Q4 2022.
- Funds reported $937M of Beacon Financial Corp stock for Q1 2023, down 6.5% quarter-over-quarter.
- 30 funds opened new Beacon Financial Corp positions in Q1 2023 and 25 closed out, a net change of +5 holders.
- The largest Beacon Financial Corp buyer in Q1 2023 was Clark Capital Management Group, an estimated $26.1M added.
- The largest Beacon Financial Corp seller in Q1 2023 was William Blair Investment Management, an estimated $32.7M sold.
Based on aggregated 13F filings for Q1 2023.