Bread Financial
500 hedge funds and large institutions have $11.8B invested in Bread Financial in 2017 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 183 increasing their positions, 188 reducing their positions, and 60 closing their positions.
3% less repeat investments, than reductions
Existing positions increased: 183 | Existing positions reduced: 188
1.73% less ownership
Funds ownership: 121.7% → 119.98% (-1.7%)
3% less funds holding
Funds holding: 517 → 500 (-17)
14% less funds holding in top 10
Funds holding in top 10: 21 → 18 (-3)
15% less first-time investments, than exits
New positions opened: 51 | Existing positions closed: 60
15% less capital invested
Capital invested by funds: $13.9B → $11.8B (-$2.11B)
67% less call options, than puts
Call options by funds: $38.2M | Put options by funds: $117M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BWA
Brave Warrior Advisors
New York
|
+$105M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$65.6M |
| 3 |
Millennium Management
New York
|
+$60.3M |
| 4 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
+$58.5M |
| 5 |
Goldman Sachs
New York
|
+$55.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$256M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$131M |
| 3 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$93M |
| 4 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$86.2M |
| 5 |
State Street
Boston,
Massachusetts
|
-$55M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GS
551
GAM Systematic
Cambridge,
United Kingdom
| – | -$66K | -323 | Closed |
|
|
AIM
552
Acrospire Investment Management
Chicago,
Illinois
| – | -$51K | -251 | Closed |
|
|
FDCDDQ
553
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$33.4K | -163 | Closed |
|
|
PMFA
554
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$32K | -157 | Closed |
|
|
MAM
555
Meeder Asset Management
Dublin,
Ohio
| – | -$26K | -125 | Closed |
|
|
FPA
556
Fieldpoint Private Advisors
New York
| – | -$13K | -63 | Closed |
|
|
GI
557
Gradient Investments
Arden Hills,
Minnesota
| – | -$7K | -35 | Closed |
|
|
FC
558
Ferris Capital
Marlborough,
Massachusetts
| – | -$2K | -9 | Closed |
|
|
SIC
559
Salem Investment Counselors
Winston Salem,
North Carolina
| – | -$1K | -4 | Closed |
|
560
Walleye Trading
New York
| – | +$186 | +1 | New |
|
BFH Hedge Fund Activity: Q3 2017 in Review
500 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q3 2017, worth a combined $11.8B — down 15% from $13.9B a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of BFH and 51 opened new positions — a net loss of 9 holders — while 188 trimmed existing stakes and 183 added.
The largest buyer was Brave Warrior Advisors, adding an estimated $105M. The largest seller was Wellington Management Group, cutting an estimated $256M.
- 500 institutional investors held Bread Financial (BFH) as of Q3 2017, down from 517 in Q2 2017.
- Funds reported $11.8B of Bread Financial stock for Q3 2017, down 15% quarter-over-quarter.
- 51 funds opened new Bread Financial positions in Q3 2017 and 60 closed out, a net change of -9 holders.
- The largest Bread Financial buyer in Q3 2017 was Brave Warrior Advisors, an estimated $105M added.
- The largest Bread Financial seller in Q3 2017 was Wellington Management Group, an estimated $256M sold.
Based on aggregated 13F filings for Q3 2017.