Bread Financial
346 hedge funds and large institutions have $3.02B invested in Bread Financial in 2021 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 53 increasing their positions, 227 reducing their positions, and 71 closing their positions.
8% less first-time investments, than exits
New positions opened: 65 | Existing positions closed: 71
3% less funds holding
Funds holding: 357 → 346 (-11)
15% less call options, than puts
Call options by funds: $61.9M | Put options by funds: $72.8M
22.09% less ownership
Funds ownership: 114.06% → 91.97% (-22%)
34% less capital invested
Capital invested by funds: $4.56B → $3.02B (-$1.54B)
55% less funds holding in top 10
Funds holding in top 10: 11 → 5 (-6)
77% less repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 227
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Southpoint Capital Advisors
New York
|
+$58.4M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$44.3M |
| 3 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
+$41.1M |
| 4 |
Goldman Sachs
New York
|
+$37M |
| 5 |
HSBC Holdings
London,
United Kingdom
|
+$19.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Palestra Capital Management
New York
|
-$355M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$87.1M |
| 3 |
BlackRock
New York
|
-$75.8M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$51.2M |
| 5 |
Ninety One (UK)
London,
United Kingdom
|
-$34M |
BFH Hedge Fund Activity: Q4 2021 in Review
346 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q4 2021, worth a combined $3.02B — down 34% from $4.56B a quarter earlier.
Sellers outnumbered buyers: 71 funds closed out of BFH and 65 opened new positions — a net loss of 6 holders — while 227 trimmed existing stakes and 53 added.
The largest buyer was Southpoint Capital Advisors, adding an estimated $58.4M. The largest seller was Palestra Capital Management, exiting entirely with an estimated $355M sold.
- 346 institutional investors held Bread Financial (BFH) as of Q4 2021, down from 357 in Q3 2021.
- Funds reported $3.02B of Bread Financial stock for Q4 2021, down 34% quarter-over-quarter.
- 65 funds opened new Bread Financial positions in Q4 2021 and 71 closed out, a net change of -6 holders.
- The largest Bread Financial buyer in Q4 2021 was Southpoint Capital Advisors, an estimated $58.4M added.
- The largest Bread Financial seller in Q4 2021 was Palestra Capital Management, an estimated $355M sold.
Based on aggregated 13F filings for Q4 2021.