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Bread Financial
BFH

426 hedge funds and large institutions have $13B invested in Bread Financial in 2013 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 133 increasing their positions, 195 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

104% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 25

6% more funds holding

Funds holding: 403 → 426 (+23)

0% more funds holding in top 10

Funds holding in top 10: 24 → 24 (0)

7% less capital invested

Capital invested by funds: $14B → $13B (-$1.01B)

32% less repeat investments, than reductions

Existing positions increased: 133 | Existing positions reduced: 195

32.38% less ownership

Funds ownership: 191.5% → 159.12% (-32%)

85% less call options, than puts

Call options by funds: $44.1M | Put options by funds: $286M

Holders
426
Holders Change
+23
Holders Change %
+5.71%
% of All Funds
13.81%
Holding in Top 10
24
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.78%
New
51
Increased
133
Reduced
195
Closed
25
Calls
$44.1M
Puts
$286M
Net Calls
-$242M
Net Calls Change
+$23.9M

Top Buyers

1
JP Morgan Chase
JP Morgan Chase
New York
+$64.1M
2
State Street
State Street
Massachusetts
+$40.2M
3
ACM
Atlanta Capital Management
Georgia
+$39M
4
AIMCA
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
+$37.1M
5
Wells Fargo
Wells Fargo
California
+$34.6M

Top Sellers

1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$2.38B
2
Bank of America
Bank of America
North Carolina
-$263M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$77.9M
4
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$41.5M
5
KeyBank National Association
KeyBank National Association
Ohio
-$39.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
26
Bank of Montreal
Ontario, Canada
$139M -$77.9M -491,472 -37%
Jennison Associates
27
Jennison Associates
New York
$137M +$32.8M +206,953 +34%
CWAM
28
Columbia Wanger Asset Management
Illinois
$124M – – –
FAM
29
Fred Alger Management
New York
$119M -$15.2M -95,894 -12%
Northern Trust
30
Northern Trust
Illinois
$116M -$927K -5,850 -0.8%
NA
31
Navellier & Associates
Nevada
$95.4M -$1.41M -8,908 -2%
GA
32
Geneva Advisors
Illinois
$94.9M +$1.48M +9,326 +2%
HAM
33
HHR Asset Management
New Jersey
$93.4M -$6.37M -40,221 -7%
Barclays
34
Barclays
United Kingdom
$89.3M -$3.22M -20,332 -4%
Franklin Resources
35
Franklin Resources
California
$87.1M +$17.2M +108,409 +27%
PGP
36
Prescott General Partners
Florida
$83.3M – – –
BIM
37
BlackRock Investment Management
Delaware
$80M +$13.6M +85,736 +22%
Thrivent Financial for Lutherans
38
Thrivent Financial for Lutherans
Minnesota
$79M -$4.29M -27,065 -5%
BG
39
BlackRock Group
United Kingdom
$78.4M +$5.37M +33,889 +8%
AII
40
AGF Investments Inc
Ontario, Canada
$77.6M -$755K -4,761 -1%
Norges Bank
41
Norges Bank
Norway
$77.5M -$7.16M -45,152 -9%
Citadel Advisors
42
Citadel Advisors
Florida
$69.4M -$2.95M -18,624 -4%
TA
43
Teachers Advisors
New York
$68.8M +$3.58M +22,596 +6%
VOYA Investment Management
44
VOYA Investment Management
Georgia
$68.4M +$1.85M +11,664 +3%
ZCI
45
Zevenbergen Capital Investments
Washington
$66.2M +$23.4M +147,622 +60%
AAM
46
Aberdeen Asset Management
United Kingdom
$62.6M +$18.1M +114,211 +43%
HCMT
47
Highland Capital Management (Texas)
Texas
$61.1M +$16.1M +101,784 +39%
WA
48
Wasatch Advisors
Utah
$59.8M -$423K -2,666 -0.7%
BNP Paribas Asset Management
49
BNP Paribas Asset Management
France
$53.9M -$2.25M -14,184 -4%
Victory Capital Management
50
Victory Capital Management
Texas
$51.4M +$48.3M +304,695 New
1
2
3 4 5

BFH Hedge Fund Activity: Q3 2013 in Review

426 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q3 2013, worth a combined $13B — down 7.2% from $14B a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new BFH positions and 25 closed out — a net gain of 26 holders — while 133 added to existing stakes and 195 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $64.1M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $2.38B.

  • 426 institutional investors held Bread Financial (BFH) as of Q3 2013, up from 403 in Q2 2013.
  • Funds reported $13B of Bread Financial stock for Q3 2013, down 7.2% quarter-over-quarter.
  • 51 funds opened new Bread Financial positions in Q3 2013 and 25 closed out, a net change of +26 holders.
  • The largest Bread Financial buyer in Q3 2013 was JP Morgan Chase, an estimated $64.1M added.
  • The largest Bread Financial seller in Q3 2013 was BNP Paribas Financial Markets, an estimated $2.38B sold.

Based on aggregated 13F filings for Q3 2013.