Bread Financial
501 hedge funds and large institutions have $13.9B invested in Bread Financial in 2017 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 160 increasing their positions, 215 reducing their positions, and 62 closing their positions.
10% more capital invested
Capital invested by funds: $12.7B → $13.9B (+$1.28B)
5.22% more ownership
Funds ownership: 120.27% → 125.49% (+5.2%)
0% more funds holding in top 10
Funds holding in top 10: 17 → 17 (0)
5% less funds holding
Funds holding: 526 → 501 (-25)
26% less repeat investments, than reductions
Existing positions increased: 160 | Existing positions reduced: 215
29% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 62
65% less call options, than puts
Call options by funds: $29.9M | Put options by funds: $85.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$766M |
| 2 |
VH
ValueAct Holdings
San Francisco,
California
|
+$150M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$142M |
| 4 |
Barclays
London,
United Kingdom
|
+$123M |
| 5 |
Morgan Stanley
New York
|
+$103M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninety One (UK)
London,
United Kingdom
|
-$185M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$106M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$98.9M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$79.7M |
| 5 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$66.7M |
BFH Hedge Fund Activity: Q1 2017 in Review
501 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q1 2017, worth a combined $13.9B — up 10% from $12.7B a quarter earlier.
Sellers outnumbered buyers: 62 funds closed out of BFH and 44 opened new positions — a net loss of 18 holders — while 215 trimmed existing stakes and 160 added.
The largest buyer was BlackRock, adding an estimated $766M. The largest seller was Ninety One (UK), exiting entirely with an estimated $185M sold.
- 501 institutional investors held Bread Financial (BFH) as of Q1 2017, down from 526 in Q4 2016.
- Funds reported $13.9B of Bread Financial stock for Q1 2017, up 10% quarter-over-quarter.
- 44 funds opened new Bread Financial positions in Q1 2017 and 62 closed out, a net change of -18 holders.
- The largest Bread Financial buyer in Q1 2017 was BlackRock, an estimated $766M added.
- The largest Bread Financial seller in Q1 2017 was Ninety One (UK), an estimated $185M sold.
Based on aggregated 13F filings for Q1 2017.