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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
MC
76
Muhlenkamp & Co
Pennsylvania
$31.4M +$5.4K +25 +0%
California State Teachers Retirement System (CalSTRS)
77
California State Teachers Retirement System (CalSTRS)
California
$29.3M -$54.3K -251 -0.2%
New York State Teachers Retirement System (NYSTRS)
78
New York State Teachers Retirement System (NYSTRS)
New York
$29.2M -$15.6K -72 -0.1%
Robeco Institutional Asset Management
79
Robeco Institutional Asset Management
Netherlands
$29.1M +$2.71M +12,530 +10%
Canada Pension Plan Investment Board
80
Canada Pension Plan Investment Board
Ontario, Canada
$28.7M -$4.22M -19,516 -12%
Swiss National Bank
81
Swiss National Bank
Switzerland
$28.7M +$2.57M +11,904 +9%
NFA
82
Nationwide Fund Advisors
Ohio
$28.1M +$1.58M +7,324 +6%
CC
83
Crosslink Capital
California
$26.9M -$39M -180,566 -58%
MCM
84
Melvin Capital Management
New York
$25.9M +$27.1M +125,300 New
KMC
85
Kirr Marbach & Co
Indiana
$25.4M -$72.2K -334 -0.3%
MTB
86
Mizuho Trust & Banking
Japan
$24.3M +$983K +4,547 +4%
Principal Financial Group
87
Principal Financial Group
Iowa
$24.2M +$1.12M +5,180 +5%
RhumbLine Advisers
88
RhumbLine Advisers
Massachusetts
$23.7M +$152K +702 +0.6%
ACM
89
Alta Capital Management
Utah
$21.8M +$591K +2,736 +3%
HHC
90
Hutchin Hill Capital
New York
$21.8M -$19.2M -88,963 -46%
Millennium Management
91
Millennium Management
New York
$20.6M +$21.5M +99,474 New
MPIA
92
Mountain Pacific Investment Advisers
Idaho
$20.5M -$4.83M -22,335 -18%
BJ
93
BlackRock Japan
Japan
$20.3M +$99.6K +461 +0.5%
Prudential Financial
94
Prudential Financial
New Jersey
$20.2M -$903K -4,179 -4%
WMC
95
Westwood Management Corporation
Illinois
$18.8M -$813K -3,759 -4%
APG Asset Management
96
APG Asset Management
Netherlands
$18.7M -$694K -3,209 -3%
Canada Life
97
Canada Life
Manitoba, Canada
$18.5M -$26.2M -121,151 -58%
CCP
98
Cryder Capital Partners
United Kingdom
$17.4M +$5.52M +25,521 +44%
Bank of Montreal
99
Bank of Montreal
Ontario, Canada
$17.3M -$1.15M -5,326 -6%
EAM
100
EULAV Asset Management
Florida
$17.3M – – –
2 3
4
5 6

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.