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Bread Financial
BFH

482 hedge funds and large institutions have $14.8B invested in Bread Financial in 2015 Q3 according to their latest regulatory filings, with 65 funds opening new positions, 178 increasing their positions, 174 reducing their positions, and 54 closing their positions.

New
Increased
Maintained
Reduced
Closed

197% more call options, than puts

Call options by funds: $70.8M | Put options by funds: $23.9M

20% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 54

1% more funds holding

Funds holding: 476 → 482 (+6)

2% more repeat investments, than reductions

Existing positions increased: 178 | Existing positions reduced: 174

2.13% less ownership

Funds ownership: 118.85% → 116.72% (-2.1%)

11% less funds holding in top 10

Funds holding in top 10: 19 → 17 (-2)

13% less capital invested

Capital invested by funds: $17B → $14.8B (-$2.24B)

Holders
482
Holders Change
+6
Holders Change %
+1.26%
% of All Funds
13.46%
Holding in Top 10
17
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-10.53%
% of All Funds
0.47%
New
65
Increased
178
Reduced
174
Closed
54
Calls
$70.8M
Puts
$23.9M
Net Calls
+$46.9M
Net Calls Change
+$34.2M

Top Buyers

1
AllianceBernstein
AllianceBernstein
Tennessee
+$144M
2
Edgewood Management
Edgewood Management
Connecticut
+$139M
3
Wells Fargo
Wells Fargo
California
+$83.6M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$63.2M
5
HCM
Herndon Capital Management
Georgia
+$50.3M

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$630M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$192M
3
Deutsche Bank
Deutsche Bank
Germany
-$121M
4
TCIM
TIAA CREF Investment Management
New York
-$66.4M
5
TA
Teachers Advisors
New York
-$44.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
RMCM
226
Reynders McVeigh Capital Management
Massachusetts
$3.14M +$3.29M +15,199 New
M&T Bank
227
M&T Bank
New York
$3.13M -$2.25M -10,396 -41%
FMI
228
Factory Mutual Insurance
Massachusetts
$3.03M +$3.17M +14,660 New
GIA
229
Gateway Investment Advisers
Ohio
$3M -$187K -867 -6%
EA
230
Euclid Advisors
Connecticut
$2.97M -$670K -3,101 -18%
EA
231
Emerald Advisers
Pennsylvania
$2.97M -$29.4K -136 -0.9%
URS
232
Utah Retirement Systems
Utah
$2.9M – – –
PCM
233
Penn Capital Management
Pennsylvania
$2.74M +$132K +609 +5%
SFP
234
Santa Fe Partners
New Mexico
$2.74M +$2.87M +13,273 New
PNC Financial Services Group
235
PNC Financial Services Group
Pennsylvania
$2.73M -$9.29K -43 -0.3%
TG
236
TCW Group
California
$2.71M -$421K -1,947 -13%
Stifel Financial
237
Stifel Financial
Missouri
$2.66M -$1.33M -6,140 -32%
SI
238
Stephens Inc
Arkansas
$2.6M +$1.95M +9,004 +253%
AGAM
239
Avalon Global Asset Management
California
$2.51M +$24.4K +113 +0.9%
NMIMC
240
Northwestern Mutual Investment Management Company
Wisconsin
$2.49M -$7.13K -33 -0.3%
RFC
241
Russell Frank Company
Washington
$2.45M -$1.16M -5,370 -31%
Zurich Cantonal Bank
242
Zurich Cantonal Bank
Switzerland
$2.4M +$96.8K +448 +4%
FWCM
243
Ferguson Wellman Capital Management
Oregon
$2.35M -$125K -576 -5%
CPS
244
Counsel Portfolio Services
Ontario, Canada
$2.33M – – –
FSA
245
Franklin Street Advisors
North Carolina
$2.32M -$390K -1,805 -14%
OPERF
246
Oregon Public Employees Retirement Fund
Oregon
$2.28M +$2.59K +12 +0.1%
GAM
247
Garrison Asset Management
Arkansas
$2.26M +$65.7K +304 +3%
Janus Henderson Group
248
Janus Henderson Group
United Kingdom
$2.2M – – –
ARTA
249
A.R.T. Advisors
New York
$2.19M +$2.29M +10,617 New
AAF
250
Andra AP-fonden
Sweden
$2.17M +$758K +3,508 +50%
8 9
10
11 12

BFH Hedge Fund Activity: Q3 2015 in Review

482 of the 3,581 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q3 2015, worth a combined $14.8B — down 13% from $17B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new BFH positions and 54 closed out — a net gain of 11 holders — while 178 added to existing stakes and 174 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $144M. The largest seller was JP Morgan Chase, cutting an estimated $630M.

  • 482 institutional investors held Bread Financial (BFH) as of Q3 2015, up from 476 in Q2 2015.
  • Funds reported $14.8B of Bread Financial stock for Q3 2015, down 13% quarter-over-quarter.
  • 65 funds opened new Bread Financial positions in Q3 2015 and 54 closed out, a net change of +11 holders.
  • The largest Bread Financial buyer in Q3 2015 was AllianceBernstein, an estimated $144M added.
  • The largest Bread Financial seller in Q3 2015 was JP Morgan Chase, an estimated $630M sold.

Based on aggregated 13F filings for Q3 2015.