Bread Financial
BFH
454 hedge funds and large institutions have $16.7B invested in Bread Financial in 2014 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 203 increasing their positions, 168 reducing their positions, and 62 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 203 | Existing positions reduced: 168
4% more capital invested
Capital invested by funds: $16B → $16.7B (+$688M)
1.37% less ownership
Funds ownership: 136.16% → 134.78% (-1.4%)
6% less funds holding
Funds holding: 481 → 454 (-27)
12% less funds holding in top 10
Funds holding in top 10: 25 → 22 (-3)
37% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 62
77% less call options, than puts
Call options by funds: $194M | Put options by funds: $849M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$412M |
| 2 |
Edgewood Management
Greenwich,
Connecticut
|
+$188M |
| 3 |
JP Morgan Chase
New York
|
+$108M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$103M |
| 5 |
FAM
Fred Alger Management
New York
|
+$98.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$262M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$229M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$193M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$132M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$100M |
BFH Hedge Fund Activity: Q2 2014 in Review
454 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q2 2014, worth a combined $16.7B — up 4.3% from $16B a quarter earlier.
Sellers outnumbered buyers: 62 funds closed out of BFH and 39 opened new positions — a net loss of 23 holders — while 168 trimmed existing stakes and 203 added.
The largest buyer was Waddell & Reed Financial, adding an estimated $412M. The largest seller was T. Rowe Price Associates, cutting an estimated $262M.
- 454 institutional investors held Bread Financial (BFH) as of Q2 2014, down from 481 in Q1 2014.
- Funds reported $16.7B of Bread Financial stock for Q2 2014, up 4.3% quarter-over-quarter.
- 39 funds opened new Bread Financial positions in Q2 2014 and 62 closed out, a net change of -23 holders.
- The largest Bread Financial buyer in Q2 2014 was Waddell & Reed Financial, an estimated $412M added.
- The largest Bread Financial seller in Q2 2014 was T. Rowe Price Associates, an estimated $262M sold.
Based on aggregated 13F filings for Q2 2014.