Bread Financial
517 hedge funds and large institutions have $13.9B invested in Bread Financial in 2017 Q2 according to their latest regulatory filings, with 57 funds opening new positions, 162 increasing their positions, 215 reducing their positions, and 39 closing their positions.
46% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 39
24% more funds holding in top 10
Funds holding in top 10: 17 → 21 (+4)
3% more funds holding
Funds holding: 501 → 517 (+16)
0% less capital invested
Capital invested by funds: $13.9B → $13.9B (-$67.8M)
3.79% less ownership
Funds ownership: 125.49% → 121.7% (-3.8%)
21% less call options, than puts
Call options by funds: $72M | Put options by funds: $90.8M
25% less repeat investments, than reductions
Existing positions increased: 162 | Existing positions reduced: 215
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BWA
Brave Warrior Advisors
New York
|
+$234M |
| 2 |
UIM
USS Investment Management
London,
United Kingdom
|
+$96.1M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$95.3M |
| 4 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$80.6M |
| 5 |
Edgewood Management
Greenwich,
Connecticut
|
+$36.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$153M |
| 2 |
Barclays
London,
United Kingdom
|
-$143M |
| 3 |
JP
Jana Partners
New York
|
-$106M |
| 4 |
Morgan Stanley
New York
|
-$93.7M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$88.4M |
BFH Hedge Fund Activity: Q2 2017 in Review
517 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q2 2017, worth a combined $13.9B — down 0.49% from $13.9B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new BFH positions and 39 closed out — a net gain of 18 holders — while 162 added to existing stakes and 215 trimmed.
The largest buyer was Brave Warrior Advisors, opening a new position worth an estimated $234M. The largest seller was Fidelity Investments, cutting an estimated $153M.
- 517 institutional investors held Bread Financial (BFH) as of Q2 2017, up from 501 in Q1 2017.
- Funds reported $13.9B of Bread Financial stock for Q2 2017, down 0.49% quarter-over-quarter.
- 57 funds opened new Bread Financial positions in Q2 2017 and 39 closed out, a net change of +18 holders.
- The largest Bread Financial buyer in Q2 2017 was Brave Warrior Advisors, an estimated $234M added.
- The largest Bread Financial seller in Q2 2017 was Fidelity Investments, an estimated $153M sold.
Based on aggregated 13F filings for Q2 2017.