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Bread Financial
BFH

426 hedge funds and large institutions have $13B invested in Bread Financial in 2013 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 133 increasing their positions, 195 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

104% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 25

6% more funds holding

Funds holding: 403 → 426 (+23)

0% more funds holding in top 10

Funds holding in top 10: 24 → 24 (0)

7% less capital invested

Capital invested by funds: $14B → $13B (-$1.01B)

32% less repeat investments, than reductions

Existing positions increased: 133 | Existing positions reduced: 195

32.38% less ownership

Funds ownership: 191.5% → 159.12% (-32%)

85% less call options, than puts

Call options by funds: $44.1M | Put options by funds: $286M

Holders
426
Holders Change
+23
Holders Change %
+5.71%
% of All Funds
13.81%
Holding in Top 10
24
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.78%
New
51
Increased
133
Reduced
195
Closed
25
Calls
$44.1M
Puts
$286M
Net Calls
-$242M
Net Calls Change
+$23.9M

Top Buyers

1
JP Morgan Chase
JP Morgan Chase
New York
+$64.1M
2
State Street
State Street
Massachusetts
+$40.2M
3
ACM
Atlanta Capital Management
Georgia
+$39M
4
AIMCA
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
+$37.1M
5
Wells Fargo
Wells Fargo
California
+$34.6M

Top Sellers

1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$2.38B
2
Bank of America
Bank of America
North Carolina
-$263M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$77.9M
4
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$41.5M
5
KeyBank National Association
KeyBank National Association
Ohio
-$39.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
FCAM
226
F&C Asset Management
United Kingdom
$2.76M – – –
Susquehanna International Group
227
Susquehanna International Group
Pennsylvania
$2.73M +$1.5M +9,444 +141%
FSA
228
Franklin Street Advisors
North Carolina
$2.71M – – –
US Bancorp
229
US Bancorp
Minnesota
$2.71M +$114K +718 +5%
SCM
230
Stux Capital Management
New York
$2.64M -$338K -2,130 -12%
TRSOTSOK
231
Teachers Retirement System of the State of Kentucky
Kentucky
$2.62M -$437K -2,757 -15%
OPERF
232
Oregon Public Employees Retirement Fund
Oregon
$2.57M -$39.8K -251 -2%
MIU
233
Man Investments (UK)
United Kingdom
$2.53M +$2.38M +15,003 New
BNP Paribas Financial Markets
234
BNP Paribas Financial Markets
France
$2.44M -$2.38B -15,046,119 -100%
GCC
235
Guardian Capital (Canada)
Ontario, Canada
$2.43M +$9.98K +63 +0.4%
AC
236
Addenda Capital
Quebec, Canada
$2.42M +$123K +777 +6%
HCM
237
Herndon Capital Management
Georgia
$2.18M +$2.04M +12,902 New
HLA
238
Hamilton Lane Advisors
Pennsylvania
$2.17M – – –
HSBC Holdings
239
HSBC Holdings
United Kingdom
$2.13M +$425K +2,680 +27%
Mitsubishi UFJ Asset Management
240
Mitsubishi UFJ Asset Management
Japan
$2.13M -$146K -924 -7%
NG
241
NatWest Group
United Kingdom
$2.13M +$1.35M +8,489 +206%
NAP
242
New Amsterdam Partners
New York
$2.11M -$17.8M -112,160 -90%
Truist Financial
243
Truist Financial
North Carolina
$2.03M +$81.8K +516 +4%
BT
244
Bankers Trust
Iowa
$2.02M -$95.9K -605 -5%
STC
245
SEI Trust Company
Pennsylvania
$2.01M +$369K +2,331 +24%
EA
246
Emerald Advisers
Pennsylvania
$1.95M -$8.88K -56 -0.5%
LMAM
247
Legg Mason Asset Management
Japan
$1.93M -$159K -1,003 -8%
ZCM
248
Ziegler Capital Management
Illinois
$1.88M -$119K -751 -6%
URS
249
Utah Retirement Systems
Utah
$1.88M – – –
CPC
250
Cookson Peirce & Co
Pennsylvania
$1.88M +$16.3K +103 +0.9%
8 9
10
11 12

BFH Hedge Fund Activity: Q3 2013 in Review

426 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q3 2013, worth a combined $13B — down 7.2% from $14B a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new BFH positions and 25 closed out — a net gain of 26 holders — while 133 added to existing stakes and 195 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $64.1M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $2.38B.

  • 426 institutional investors held Bread Financial (BFH) as of Q3 2013, up from 403 in Q2 2013.
  • Funds reported $13B of Bread Financial stock for Q3 2013, down 7.2% quarter-over-quarter.
  • 51 funds opened new Bread Financial positions in Q3 2013 and 25 closed out, a net change of +26 holders.
  • The largest Bread Financial buyer in Q3 2013 was JP Morgan Chase, an estimated $64.1M added.
  • The largest Bread Financial seller in Q3 2013 was BNP Paribas Financial Markets, an estimated $2.38B sold.

Based on aggregated 13F filings for Q3 2013.