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Bread Financial
BFH

482 hedge funds and large institutions have $14.8B invested in Bread Financial in 2015 Q3 according to their latest regulatory filings, with 65 funds opening new positions, 178 increasing their positions, 174 reducing their positions, and 54 closing their positions.

New
Increased
Maintained
Reduced
Closed

197% more call options, than puts

Call options by funds: $70.8M | Put options by funds: $23.9M

20% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 54

1% more funds holding

Funds holding: 476 → 482 (+6)

2% more repeat investments, than reductions

Existing positions increased: 178 | Existing positions reduced: 174

2.13% less ownership

Funds ownership: 118.85% → 116.72% (-2.1%)

11% less funds holding in top 10

Funds holding in top 10: 19 → 17 (-2)

13% less capital invested

Capital invested by funds: $17B → $14.8B (-$2.24B)

Holders
482
Holders Change
+6
Holders Change %
+1.26%
% of All Funds
13.46%
Holding in Top 10
17
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-10.53%
% of All Funds
0.47%
New
65
Increased
178
Reduced
174
Closed
54
Calls
$70.8M
Puts
$23.9M
Net Calls
+$46.9M
Net Calls Change
+$34.2M

Top Buyers

1
AllianceBernstein
AllianceBernstein
Tennessee
+$144M
2
Edgewood Management
Edgewood Management
Connecticut
+$139M
3
Wells Fargo
Wells Fargo
California
+$83.6M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$63.2M
5
HCM
Herndon Capital Management
Georgia
+$50.3M

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$630M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$192M
3
Deutsche Bank
Deutsche Bank
Germany
-$121M
4
TCIM
TIAA CREF Investment Management
New York
-$66.4M
5
TA
Teachers Advisors
New York
-$44.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Credit Agricole
51
Credit Agricole
France
$55.3M +$11.8M +54,408 +26%
Dimensional Fund Advisors
52
Dimensional Fund Advisors
Texas
$52M +$2.65M +12,265 +5%
Adage Capital Partners
53
Adage Capital Partners
Massachusetts
$51.7M -$5.71M -26,438 -10%
Sumitomo Mitsui Trust Group
54
Sumitomo Mitsui Trust Group
Japan
$50.9M -$6.5M -30,051 -11%
HCM
55
Herndon Capital Management
Georgia
$49.3M +$50.3M +232,476 +3,878%
Goldman Sachs
56
Goldman Sachs
New York
$48.8M -$4.87M -22,541 -9%
Baird Financial Group
57
Baird Financial Group
Wisconsin
$48.4M -$644K -2,980 -1%
ClearBridge Investments
58
ClearBridge Investments
New York
$45.3M +$1.55M +7,186 +3%
GC
59
Guggenheim Capital
Illinois
$45.1M -$14.9M -68,896 -24%
AAM
60
Aberdeen Asset Management
United Kingdom
$44.4M +$3.55M +16,444 +8%
BlackRock
61
BlackRock
New York
$42.1M +$1.89M +8,725 +4%
New York State Common Retirement Fund
62
New York State Common Retirement Fund
New York
$41.8M +$1.97M +9,132 +5%
Charles Schwab
63
Charles Schwab
California
$40.3M -$175K -809 -0.4%
T. Rowe Price Associates
64
T. Rowe Price Associates
Maryland
$40.1M +$4.07M +18,814 +11%
CS
65
Credit Suisse
Switzerland
$40.1M -$7.38M -34,165 -15%
WCM
66
Wedge Capital Management
North Carolina
$39.3M -$4.69M -21,677 -10%
William Blair & Company
67
William Blair & Company
Illinois
$39.1M +$1.62M +7,517 +4%
California Public Employees Retirement System
68
California Public Employees Retirement System
California
$38.9M -$1.34M -6,185 -3%
Mitsubishi UFJ Trust & Banking
69
Mitsubishi UFJ Trust & Banking
Japan
$35.7M +$736K +3,407 +2%
CAM
70
Congress Asset Management
Massachusetts
$33.7M +$14.6M +67,436 +71%
USAA
71
United Services Automobile Association
Texas
$33.2M +$16.5M +76,518 +91%
CAM
72
ClariVest Asset Management
California
$33.1M +$1.44M +6,641 +4%
Franklin Resources
73
Franklin Resources
California
$32.1M +$1.2M +5,536 +4%
BAMF
74
BI Asset Management Fondsmaeglerselskab
Denmark
$32M +$11.9M +54,881 +55%
TA
75
Teachers Advisors
New York
$31.5M -$44.3M -205,160 -57%
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BFH Hedge Fund Activity: Q3 2015 in Review

482 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q3 2015, worth a combined $14.8B — down 13% from $17B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new BFH positions and 54 closed out — a net gain of 11 holders — while 178 added to existing stakes and 174 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $144M. The largest seller was JP Morgan Chase, cutting an estimated $630M.

  • 482 institutional investors held Bread Financial (BFH) as of Q3 2015, up from 476 in Q2 2015.
  • Funds reported $14.8B of Bread Financial stock for Q3 2015, down 13% quarter-over-quarter.
  • 65 funds opened new Bread Financial positions in Q3 2015 and 54 closed out, a net change of +11 holders.
  • The largest Bread Financial buyer in Q3 2015 was AllianceBernstein, an estimated $144M added.
  • The largest Bread Financial seller in Q3 2015 was JP Morgan Chase, an estimated $630M sold.

Based on aggregated 13F filings for Q3 2015.