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Bread Financial

530 hedge funds and large institutions have $12.2B invested in Bread Financial in 2018 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 187 increasing their positions, 192 reducing their positions, and 71 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more funds holding in top 10

Funds holding in top 10: 1923 (+4)

9% more capital invested

Capital invested by funds: $11.2B → $12.2B (+$958M)

0.98% less ownership

Funds ownership: 119.13%118.14% (-0.98%)

3% less repeat investments, than reductions

Existing positions increased: 187 | Existing positions reduced: 192

3% less call options, than puts

Call options by funds: $89M | Put options by funds: $91.9M

4% less funds holding

Funds holding: 554530 (-24)

24% less first-time investments, than exits

New positions opened: 54 | Existing positions closed: 71

Holders
530
Holders Change
-24
Holders Change %
-4.33%
% of All Funds
12.13%
Holding in Top 10
23
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+21.05%
% of All Funds
0.53%
New
54
Increased
187
Reduced
192
Closed
71
Calls
$89M
Puts
$91.9M
Net Calls
-$2.93M
Net Calls Change
+$12.7M
Name Holding Trade Value Shares
Change
Change in
Stake
BA
76
Bridgewater Associates
Connecticut
$21.4M -$12.8M -74,739 -39%
Canada Pension Plan Investment Board
77
Canada Pension Plan Investment Board
Ontario, Canada
$20.5M -$3.57M -20,925 -16%
RhumbLine Advisers
78
RhumbLine Advisers
Massachusetts
$20.4M -$304K -1,779 -2%
Schroder Investment Management Group
79
Schroder Investment Management Group
United Kingdom
$20M +$10.7M +62,456 +143%
CS
80
Credit Suisse
Switzerland
$19.3M -$3.86M -22,603 -18%
T. Rowe Price Associates
81
T. Rowe Price Associates
Maryland
$18.9M
Asset Management One
82
Asset Management One
Japan
$18.7M -$661K -3,868 -4%
Renaissance Technologies
83
Renaissance Technologies
New York
$18.5M -$578K -3,383 -3%
California State Teachers Retirement System (CalSTRS)
84
California State Teachers Retirement System (CalSTRS)
California
$18.4M +$67.8K +397 +0.4%
New York State Teachers Retirement System (NYSTRS)
85
New York State Teachers Retirement System (NYSTRS)
New York
$18.4M -$789K -4,620 -4%
Robeco Institutional Asset Management
86
Robeco Institutional Asset Management
Netherlands
$17.6M +$3.42M +20,009 +27%
KMC
87
Kirr Marbach & Co
Indiana
$17.5M -$353K -2,064 -2%
CIM
88
Courant Investment Management
Tennessee
$16.8M +$4.28M +25,060 +38%
RL
89
Ruffer LLP
United Kingdom
$16.7M -$13.1M -76,852 -46%
Principal Financial Group
90
Principal Financial Group
Iowa
$16.5M -$1.14M -6,645 -7%
MC
91
Muhlenkamp & Co
Pennsylvania
$16.4M -$2.22K -13 -0%
PCA
92
Prospect Capital Advisors
California
$16.2M +$4.14M +24,245 +39%
CWM
93
CIBC World Markets
New York
$15.8M +$237K +1,388 +2%
WorldQuant Millennium Advisors
94
WorldQuant Millennium Advisors
New York
$15.2M +$14M +81,689 New
National Pension Service
95
National Pension Service
South Korea
$15M +$158K +924 +1%
Adage Capital Partners
96
Adage Capital Partners
Massachusetts
$15M +$4.48M +26,224 +48%
MFP
97
Michael F. Price
$14.7M +$1.71M +10,024 +15%
State Board of Administration of Florida Retirement System
98
State Board of Administration of Florida Retirement System
Florida
$14.5M +$186K +1,090 +1%
RJA
99
Raymond James & Associates
Florida
$13.8M +$2.23M +13,034 +21%
SBH
100
Segall Bryant & Hamill
Illinois
$13.4M +$10.3M +60,024 +508%

BFH Hedge Fund Activity: Q2 2018 in Review

530 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q2 2018, worth a combined $12.2B — up 8.5% from $11.2B a quarter earlier.

Sellers outnumbered buyers: 71 funds closed out of BFH and 54 opened new positions — a net loss of 17 holders — while 192 trimmed existing stakes and 187 added.

The largest buyer was JP Morgan Chase, adding an estimated $273M. The largest seller was Edgewood Management, exiting entirely with an estimated $522M sold.

  • 530 institutional investors held Bread Financial (BFH) as of Q2 2018, down from 554 in Q1 2018.
  • Funds reported $12.2B of Bread Financial stock for Q2 2018, up 8.5% quarter-over-quarter.
  • 54 funds opened new Bread Financial positions in Q2 2018 and 71 closed out, a net change of -17 holders.
  • The largest Bread Financial buyer in Q2 2018 was JP Morgan Chase, an estimated $273M added.
  • The largest Bread Financial seller in Q2 2018 was Edgewood Management, an estimated $522M sold.

Based on aggregated 13F filings for Q2 2018.