Bread Financial
473 hedge funds and large institutions have $6.5B invested in Bread Financial in 2019 Q2 according to their latest regulatory filings, with 61 funds opening new positions, 161 increasing their positions, 179 reducing their positions, and 96 closing their positions.
4.69% less ownership
Funds ownership: 115.78% → 111.09% (-4.7%)
8% less funds holding
Funds holding: 515 → 473 (-42)
10% less repeat investments, than reductions
Existing positions increased: 161 | Existing positions reduced: 179
22% less funds holding in top 10
Funds holding in top 10: 18 → 14 (-4)
24% less capital invested
Capital invested by funds: $8.57B → $6.5B (-$2.07B)
36% less first-time investments, than exits
New positions opened: 61 | Existing positions closed: 96
55% less call options, than puts
Call options by funds: $32.4M | Put options by funds: $71.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$106M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$57.9M |
| 3 |
BA
Bridgewater Associates
Westport,
Connecticut
|
+$42.8M |
| 4 |
AVC
Arlington Value Capital
Salt Lake City,
Utah
|
+$40.4M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$39.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VH
ValueAct Holdings
San Francisco,
California
|
-$227M |
| 2 |
BWA
Brave Warrior Advisors
New York
|
-$197M |
| 3 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$122M |
| 4 |
JP Morgan Chase
New York
|
-$106M |
| 5 |
ClearBridge Investments
New York
|
-$54.1M |
BFH Hedge Fund Activity: Q2 2019 in Review
473 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q2 2019, worth a combined $6.5B — down 24% from $8.57B a quarter earlier.
Sellers outnumbered buyers: 96 funds closed out of BFH and 61 opened new positions — a net loss of 35 holders — while 179 trimmed existing stakes and 161 added.
The largest buyer was Point72 Asset Management, adding an estimated $106M. The largest seller was ValueAct Holdings, cutting an estimated $227M.
- 473 institutional investors held Bread Financial (BFH) as of Q2 2019, down from 515 in Q1 2019.
- Funds reported $6.5B of Bread Financial stock for Q2 2019, down 24% quarter-over-quarter.
- 61 funds opened new Bread Financial positions in Q2 2019 and 96 closed out, a net change of -35 holders.
- The largest Bread Financial buyer in Q2 2019 was Point72 Asset Management, an estimated $106M added.
- The largest Bread Financial seller in Q2 2019 was ValueAct Holdings, an estimated $227M sold.
Based on aggregated 13F filings for Q2 2019.