Bread Financial
BFH
544 hedge funds and large institutions have $7.42B invested in Bread Financial in 2018 Q4 according to their latest regulatory filings, with 74 funds opening new positions, 175 increasing their positions, 217 reducing their positions, and 93 closing their positions.
1% less ownership
Funds ownership: 115.29% → 114.29% (-1%)
4% less funds holding
Funds holding: 567 → 544 (-23)
16% less funds holding in top 10
Funds holding in top 10: 19 → 16 (-3)
18% less call options, than puts
Call options by funds: $50.9M | Put options by funds: $62.5M
19% less repeat investments, than reductions
Existing positions increased: 175 | Existing positions reduced: 217
20% less first-time investments, than exits
New positions opened: 74 | Existing positions closed: 93
38% less capital invested
Capital invested by funds: $11.9B → $7.42B (-$4.52B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$116M |
| 2 |
BA
Bridgewater Associates
Westport,
Connecticut
|
+$78.5M |
| 3 |
AVC
Arlington Value Capital
Salt Lake City,
Utah
|
+$76.1M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$60.6M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
+$52.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$292M |
| 2 |
JP Morgan Chase
New York
|
-$208M |
| 3 |
VH
ValueAct Holdings
San Francisco,
California
|
-$172M |
| 4 |
TCM
TimesSquare Capital Management
New York
|
-$57.1M |
| 5 |
GIG
Goodnow Investment Group
Darien,
Connecticut
|
-$43.1M |
BFH Hedge Fund Activity: Q4 2018 in Review
544 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q4 2018, worth a combined $7.42B — down 38% from $11.9B a quarter earlier.
Sellers outnumbered buyers: 93 funds closed out of BFH and 74 opened new positions — a net loss of 19 holders — while 217 trimmed existing stakes and 175 added.
The largest buyer was Fidelity Investments, adding an estimated $116M. The largest seller was Wellington Management Group, cutting an estimated $292M.
- 544 institutional investors held Bread Financial (BFH) as of Q4 2018, down from 567 in Q3 2018.
- Funds reported $7.42B of Bread Financial stock for Q4 2018, down 38% quarter-over-quarter.
- 74 funds opened new Bread Financial positions in Q4 2018 and 93 closed out, a net change of -19 holders.
- The largest Bread Financial buyer in Q4 2018 was Fidelity Investments, an estimated $116M added.
- The largest Bread Financial seller in Q4 2018 was Wellington Management Group, an estimated $292M sold.
Based on aggregated 13F filings for Q4 2018.