Bread Financial
271 hedge funds and large institutions have $1.71B invested in Bread Financial in 2023 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 86 increasing their positions, 99 reducing their positions, and 35 closing their positions.
37% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 35
3% more funds holding
Funds holding: 262 → 271 (+9)
2.79% more ownership
Funds ownership: 102.38% → 105.16% (+2.8%)
3% less capital invested
Capital invested by funds: $1.76B → $1.71B (-$49.7M)
13% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 99
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
88% less call options, than puts
Call options by funds: $11M | Put options by funds: $89.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$33.6M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$7.65M |
| 3 |
BCM
Basswood Capital Management
New York
|
+$6.59M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$6.54M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$5.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$21.7M |
| 2 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$10.7M |
| 3 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
-$10.3M |
| 4 |
Renaissance Technologies
New York
|
-$8.65M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$6.65M |
BFH Hedge Fund Activity: Q4 2023 in Review
271 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q4 2023, worth a combined $1.71B — down 2.8% from $1.76B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new BFH positions and 35 closed out — a net gain of 13 holders — while 86 added to existing stakes and 99 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $33.6M. The largest seller was Franklin Resources, cutting an estimated $21.7M.
- 271 institutional investors held Bread Financial (BFH) as of Q4 2023, up from 262 in Q3 2023.
- Funds reported $1.71B of Bread Financial stock for Q4 2023, down 2.8% quarter-over-quarter.
- 48 funds opened new Bread Financial positions in Q4 2023 and 35 closed out, a net change of +13 holders.
- The largest Bread Financial buyer in Q4 2023 was Morgan Stanley, an estimated $33.6M added.
- The largest Bread Financial seller in Q4 2023 was Franklin Resources, an estimated $21.7M sold.
Based on aggregated 13F filings for Q4 2023.