Bread Financial
278 hedge funds and large institutions have $1.93B invested in Bread Financial in 2024 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 83 increasing their positions, 108 reducing their positions, and 37 closing their positions.
24% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 37
13% more capital invested
Capital invested by funds: $1.71B → $1.93B (+$220M)
3% more funds holding
Funds holding: 271 → 278 (+7)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0.89% less ownership
Funds ownership: 105.16% → 104.27% (-0.89%)
23% less repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 108
87% less call options, than puts
Call options by funds: $15.4M | Put options by funds: $117M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$36.7M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$36.1M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$33.4M |
| 4 |
UBS AM
Chicago,
Illinois
|
+$30.5M |
| 5 |
Franklin Resources
San Mateo,
California
|
+$22.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$67.8M |
| 2 |
LAM
Lyrical Asset Management
New York
|
-$47.2M |
| 3 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
-$18.6M |
| 4 |
Goldman Sachs
New York
|
-$9.78M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$7.74M |
BFH Hedge Fund Activity: Q1 2024 in Review
278 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q1 2024, worth a combined $1.93B — up 13% from $1.71B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new BFH positions and 37 closed out — a net gain of 9 holders — while 83 added to existing stakes and 108 trimmed.
The largest buyer was Millennium Management, adding an estimated $36.7M. The largest seller was Morgan Stanley, cutting an estimated $67.8M.
- 278 institutional investors held Bread Financial (BFH) as of Q1 2024, up from 271 in Q4 2023.
- Funds reported $1.93B of Bread Financial stock for Q1 2024, up 13% quarter-over-quarter.
- 46 funds opened new Bread Financial positions in Q1 2024 and 37 closed out, a net change of +9 holders.
- The largest Bread Financial buyer in Q1 2024 was Millennium Management, an estimated $36.7M added.
- The largest Bread Financial seller in Q1 2024 was Morgan Stanley, an estimated $67.8M sold.
Based on aggregated 13F filings for Q1 2024.