Bright Horizons
BFAM
89 hedge funds and large institutions have $2.3B invested in Bright Horizons in 2013 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 28 increasing their positions, 34 reducing their positions, and 13 closing their positions.
23% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 13
2% more funds holding
Funds holding: 87 → 89 (+2)
5% more capital invested
Capital invested by funds: $2.2B → $2.3B (+$101M)
0.29% more ownership
Funds ownership: 98.62% → 98.91% (+0.29%)
18% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 34
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAMCO Inc
New York
|
+$27.1M |
| 2 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
+$17.3M |
| 3 |
William Blair & Company
Chicago,
Illinois
|
+$12.8M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.6M |
| 5 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
+$5.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Scout Capital Management
New York
|
-$15.6M |
| 2 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
-$12.8M |
| 3 |
ICM
Ionic Capital Management
New York
|
-$7.67M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$7.55M |
| 5 |
SCM
Sigma Capital Management
Stamford,
Connecticut
|
-$6.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$201K | -5,797 | Closed |
|
|
NTCOC
102
Northern Trust Company of Connecticut
Stamford,
Connecticut
| – | -$81K | -2,345 | Closed |
|
BFAM Hedge Fund Activity: Q3 2013 in Review
89 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Bright Horizons (BFAM) for Q3 2013, worth a combined $2.3B — up 4.6% from $2.2B a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new BFAM positions and 13 closed out — a net gain of 3 holders — while 28 added to existing stakes and 34 trimmed.
The largest buyer was BAMCO Inc, adding an estimated $27.1M. The largest seller was Scout Capital Management, exiting entirely with an estimated $15.6M sold.
- 89 institutional investors held Bright Horizons (BFAM) as of Q3 2013, up from 87 in Q2 2013.
- Funds reported $2.3B of Bright Horizons stock for Q3 2013, up 4.6% quarter-over-quarter.
- 16 funds opened new Bright Horizons positions in Q3 2013 and 13 closed out, a net change of +3 holders.
- The largest Bright Horizons buyer in Q3 2013 was BAMCO Inc, an estimated $27.1M added.
- The largest Bright Horizons seller in Q3 2013 was Scout Capital Management, an estimated $15.6M sold.
Based on aggregated 13F filings for Q3 2013.