Bread Financial
BFH
447 hedge funds and large institutions have $4.88B invested in Bread Financial in 2019 Q4 according to their latest regulatory filings, with 91 funds opening new positions, 156 increasing their positions, 140 reducing their positions, and 82 closing their positions.
15.2% more ownership
Funds ownership: 103.21% → 118.42% (+15%)
15% more call options, than puts
Call options by funds: $138M | Put options by funds: $120M
11% more repeat investments, than reductions
Existing positions increased: 156 | Existing positions reduced: 140
11% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 82
0% more funds holding in top 10
Funds holding in top 10: 12 → 12 (0)
1% less funds holding
Funds holding: 451 → 447 (-4)
9% less capital invested
Capital invested by funds: $5.39B → $4.88B (-$508M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OFM
Okumus Fund Management
Grand Cayman,
Cayman Islands
|
+$151M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
+$143M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$90.1M |
| 4 |
ACL
Azora Capital LP
Miami,
Florida
|
+$52.8M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
+$50.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VH
ValueAct Holdings
San Francisco,
California
|
-$374M |
| 2 |
Parnassus Investments
San Francisco,
California
|
-$89.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$76.5M |
| 4 |
BA
Bridgewater Associates
Westport,
Connecticut
|
-$49.5M |
| 5 |
Millennium Management
New York
|
-$28.1M |
BFH Hedge Fund Activity: Q4 2019 in Review
447 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q4 2019, worth a combined $4.88B — down 9.4% from $5.39B a quarter earlier.
Buyers outnumbered sellers: 91 funds opened new BFH positions and 82 closed out — a net gain of 9 holders — while 156 added to existing stakes and 140 trimmed.
The largest buyer was Okumus Fund Management, opening a new position worth an estimated $151M. The largest seller was ValueAct Holdings, cutting an estimated $374M.
- 447 institutional investors held Bread Financial (BFH) as of Q4 2019, down from 451 in Q3 2019.
- Funds reported $4.88B of Bread Financial stock for Q4 2019, down 9.4% quarter-over-quarter.
- 91 funds opened new Bread Financial positions in Q4 2019 and 82 closed out, a net change of +9 holders.
- The largest Bread Financial buyer in Q4 2019 was Okumus Fund Management, an estimated $151M added.
- The largest Bread Financial seller in Q4 2019 was ValueAct Holdings, an estimated $374M sold.
Based on aggregated 13F filings for Q4 2019.