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Bright Horizons
BFAM

95 hedge funds and large institutions have $2.56B invested in Bright Horizons in 2014 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 45 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more funds holding in top 10

Funds holding in top 10: 1 → 4 (+3)

138% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 8

114% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 21

12% more funds holding

Funds holding: 85 → 95 (+10)

8% more capital invested

Capital invested by funds: $2.37B → $2.56B (+$190M)

0.58% more ownership

Funds ownership: 98.89% → 99.47% (+0.58%)

Holders
95
Holders Change
+10
Holders Change %
+11.76%
% of All Funds
2.74%
Holding in Top 10
4
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+300%
% of All Funds
0.12%
New
19
Increased
45
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PCM
Pennant Capital Management
New Jersey
+$47.7M
2
BAMCO Inc
BAMCO Inc
New York
+$43.7M
3
AllianceBernstein
AllianceBernstein
Tennessee
+$40.6M
4
FCM
Frontier Capital Management
Massachusetts
+$36.5M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$36.3M

Top Sellers

1
BCI
Bain Capital Investors
Massachusetts
-$300M
2
SCA
SAC Capital Advisors
Connecticut
-$12.2M
3
FWIA
Fort Washington Investment Advisors
Ohio
-$2.94M
4
Morgan Stanley
Morgan Stanley
New York
-$2.75M
5
WRF
Waddell & Reed Financial
Kansas
-$2.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
Neuberger Berman Group
51
Neuberger Berman Group
New York
$1.18M -$258K -6,773 -18%
EIM
52
Essex Investment Management
Massachusetts
$1.14M -$59.5K -1,560 -5%
Jane Street
53
Jane Street
New York
$1.02M +$995K +26,074 New
AQR Capital Management
54
AQR Capital Management
Connecticut
$997K +$973K +25,500 New
Invesco
55
Invesco
Georgia
$873K +$846K +22,167 +14,778%
California State Teachers Retirement System (CalSTRS)
56
California State Teachers Retirement System (CalSTRS)
California
$839K – – –
Renaissance Technologies
57
Renaissance Technologies
New York
$782K +$763K +19,991 New
Janus Henderson Group
58
Janus Henderson Group
United Kingdom
$782K +$763K +20,000 New
Dimensional Fund Advisors
59
Dimensional Fund Advisors
Texas
$715K +$698K +18,294 New
TA
60
Teachers Advisors
New York
$688K -$66.4K -1,740 -9%
Bank of America
61
Bank of America
North Carolina
$538K +$386K +10,122 +280%
STC
62
SEI Trust Company
Pennsylvania
$512K +$499K +13,084 New
ProShare Advisors
63
ProShare Advisors
Maryland
$469K +$458K +11,996 New
MLICM
64
Metropolitan Life Insurance Company (MetLife)
New York
$426K – – –
RhumbLine Advisers
65
RhumbLine Advisers
Massachusetts
$381K -$22.1K -580 -6%
BA
66
BlackRock Advisors
Delaware
$369K +$19K +499 +6%
NFA
67
Nationwide Fund Advisors
Ohio
$358K – – –
UBS AM
68
UBS AM
Illinois
$329K +$320K +8,400 New
AIG
69
American International Group
New York
$319K +$7.4K +194 +2%
3NC
70
300 North Capital
California
$301K – – –
EMG
71
Ellington Management Group
Connecticut
$270K +$263K +6,900 New
VKH
72
Virtu KCG Holdings
New York
$265K +$258K +6,764 New
PNC Financial Services Group
73
PNC Financial Services Group
Pennsylvania
$260K +$24.1K +632 +11%
Morgan Stanley
74
Morgan Stanley
New York
$251K -$2.75M -71,997 -92%
PI
75
Placemark Investments
Illinois
$238K +$232K +6,085 New
1 2
3
4 5

BFAM Hedge Fund Activity: Q1 2014 in Review

95 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Bright Horizons (BFAM) for Q1 2014, worth a combined $2.56B — up 8.1% from $2.37B a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BFAM positions and 8 closed out — a net gain of 11 holders — while 45 added to existing stakes and 21 trimmed.

The largest buyer was Pennant Capital Management, adding an estimated $47.7M. The largest seller was Bain Capital Investors, cutting an estimated $300M.

  • 95 institutional investors held Bright Horizons (BFAM) as of Q1 2014, up from 85 in Q4 2013.
  • Funds reported $2.56B of Bright Horizons stock for Q1 2014, up 8.1% quarter-over-quarter.
  • 19 funds opened new Bright Horizons positions in Q1 2014 and 8 closed out, a net change of +11 holders.
  • The largest Bright Horizons buyer in Q1 2014 was Pennant Capital Management, an estimated $47.7M added.
  • The largest Bright Horizons seller in Q1 2014 was Bain Capital Investors, an estimated $300M sold.

Based on aggregated 13F filings for Q1 2014.