Bread Financial
BFH
481 hedge funds and large institutions have $16B invested in Bread Financial in 2014 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 146 increasing their positions, 229 reducing their positions, and 41 closing their positions.
51% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 41
4% more funds holding
Funds holding: 464 → 481 (+17)
1% more call options, than puts
Call options by funds: $79.2M | Put options by funds: $78.5M
1% less capital invested
Capital invested by funds: $16.2B → $16B (-$150M)
4% less funds holding in top 10
Funds holding in top 10: 26 → 25 (-1)
19.31% less ownership
Funds ownership: 155.47% → 136.16% (-19%)
36% less repeat investments, than reductions
Existing positions increased: 146 | Existing positions reduced: 229
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Edgewood Management
Greenwich,
Connecticut
|
+$206M |
| 2 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$165M |
| 3 |
Alkeon Capital Management
New York
|
+$142M |
| 4 |
AIM
abrdn Investment Management
Edinburgh,
United Kingdom
|
+$116M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$102M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$218M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$178M |
| 3 |
Barclays
London,
United Kingdom
|
-$164M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$116M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$115M |
BFH Hedge Fund Activity: Q1 2014 in Review
481 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q1 2014, worth a combined $16B — down 0.93% from $16.2B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new BFH positions and 41 closed out — a net gain of 21 holders — while 146 added to existing stakes and 229 trimmed.
The largest buyer was Edgewood Management, opening a new position worth an estimated $206M. The largest seller was Wells Fargo, cutting an estimated $218M.
- 481 institutional investors held Bread Financial (BFH) as of Q1 2014, up from 464 in Q4 2013.
- Funds reported $16B of Bread Financial stock for Q1 2014, down 0.93% quarter-over-quarter.
- 62 funds opened new Bread Financial positions in Q1 2014 and 41 closed out, a net change of +21 holders.
- The largest Bread Financial buyer in Q1 2014 was Edgewood Management, an estimated $206M added.
- The largest Bread Financial seller in Q1 2014 was Wells Fargo, an estimated $218M sold.
Based on aggregated 13F filings for Q1 2014.