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Bread Financial
BFH

255 hedge funds and large institutions have $1.55B invested in Bread Financial in 2023 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 89 increasing their positions, 92 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

3% less repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 92

2.19% less ownership

Funds ownership: 103.46% → 101.28% (-2.2%)

5% less funds holding

Funds holding: 268 → 255 (-13)

18% less capital invested

Capital invested by funds: $1.89B → $1.55B (-$349M)

26% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 38

53% less call options, than puts

Call options by funds: $10.5M | Put options by funds: $22.3M

Holders
255
Holders Change
-13
Holders Change %
-4.85%
% of All Funds
4.06%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
28
Increased
89
Reduced
92
Closed
38
Calls
$10.5M
Puts
$22.3M
Net Calls
-$11.9M
Net Calls Change
+$32.2M

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$96.1M
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$31.1M
3
TCAM
Turtle Creek Asset Management
Ontario, Canada
+$25.4M
4
Morgan Stanley
Morgan Stanley
New York
+$15.7M
5
Millennium Management
Millennium Management
New York
+$15.3M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$116M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$33.9M
3
UBS AM
UBS AM
Illinois
-$29M
4
KHCM
Kettle Hill Capital Management
New York
-$17.9M
5
Norges Bank
Norges Bank
Norway
-$17.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
CIBC Asset Management
276
CIBC Asset Management
Ontario, Canada
– -$211K -5,602 Closed
PAMS
277
Pictet Asset Management (Switzerland)
Switzerland
– -$211K -5,602 Closed
Rockefeller Capital Management
278
Rockefeller Capital Management
New York
– -$31K -842 Closed
Simplex Trading
279
Simplex Trading
Illinois
– -$22.5K -601 Closed
SWA
280
Sutton Wealth Advisors
Florida
– -$15.5K -411 Closed
UB
281
UMB Bank
Missouri
– -$10K -278 Closed
JEST
282
JTC Employer Solutions Trustee
Jersey
– -$6K -166 Closed
CG
283
Cutler Group
California
– -$5K -146 Closed
STCOSD
284
Sageworth Trust Company of South Dakota
South Dakota
– -$2K -59 Closed
FGAM
285
Financial Gravity Asset Management
Texas
– -$66 -38 Closed
RBC
286
Romano Brothers & Co
Illinois
– -$1.28K -34 Closed
PWMG
287
Prestige Wealth Management Group
New Jersey
– -$603 -16 Closed
AWM
288
Accurate Wealth Management
Florida
– -$349 -9 Closed
CS
289
Comerica Securities
Michigan
– -$264 -7 Closed
SFG
290
Steward Financial Group
Texas
– -$75 -2 -13%
8 9 10 11
12

BFH Hedge Fund Activity: Q1 2023 in Review

255 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q1 2023, worth a combined $1.55B — down 18% from $1.89B a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of BFH and 28 opened new positions — a net loss of 10 holders — while 92 trimmed existing stakes and 89 added.

The largest buyer was Wellington Management Group, adding an estimated $96.1M. The largest seller was Fidelity Investments, cutting an estimated $116M.

  • 255 institutional investors held Bread Financial (BFH) as of Q1 2023, down from 268 in Q4 2022.
  • Funds reported $1.55B of Bread Financial stock for Q1 2023, down 18% quarter-over-quarter.
  • 28 funds opened new Bread Financial positions in Q1 2023 and 38 closed out, a net change of -10 holders.
  • The largest Bread Financial buyer in Q1 2023 was Wellington Management Group, an estimated $96.1M added.
  • The largest Bread Financial seller in Q1 2023 was Fidelity Investments, an estimated $116M sold.

Based on aggregated 13F filings for Q1 2023.