Bread Financial
BFH
383 hedge funds and large institutions have $5.26B invested in Bread Financial in 2021 Q1 according to their latest regulatory filings, with 92 funds opening new positions, 102 increasing their positions, 121 reducing their positions, and 55 closing their positions.
67% more first-time investments, than exits
New positions opened: 92 | Existing positions closed: 55
65% more capital invested
Capital invested by funds: $3.19B → $5.26B (+$2.08B)
38% more call options, than puts
Call options by funds: $106M | Put options by funds: $76.5M
25% more funds holding in top 10
Funds holding in top 10: 12 → 15 (+3)
10% more funds holding
Funds holding: 347 → 383 (+36)
5.54% more ownership
Funds ownership: 113.14% → 118.68% (+5.5%)
16% less repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 121
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Palestra Capital Management
New York
|
+$155M |
| 2 |
BlackRock
New York
|
+$94.5M |
| 3 |
JCAM
Jericho Capital Asset Management
New York
|
+$74.3M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$60.5M |
| 5 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
+$53.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
-$52.4M |
| 2 |
SCA
Southpoint Capital Advisors
New York
|
-$45M |
| 3 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
-$40.8M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$40.5M |
| 5 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$35.7M |
BFH Hedge Fund Activity: Q1 2021 in Review
383 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q1 2021, worth a combined $5.26B — up 65% from $3.19B a quarter earlier.
Buyers outnumbered sellers: 92 funds opened new BFH positions and 55 closed out — a net gain of 37 holders — while 102 added to existing stakes and 121 trimmed.
The largest buyer was Palestra Capital Management, opening a new position worth an estimated $155M. The largest seller was Point72 Asset Management, cutting an estimated $52.4M.
- 383 institutional investors held Bread Financial (BFH) as of Q1 2021, up from 347 in Q4 2020.
- Funds reported $5.26B of Bread Financial stock for Q1 2021, up 65% quarter-over-quarter.
- 92 funds opened new Bread Financial positions in Q1 2021 and 55 closed out, a net change of +37 holders.
- The largest Bread Financial buyer in Q1 2021 was Palestra Capital Management, an estimated $155M added.
- The largest Bread Financial seller in Q1 2021 was Point72 Asset Management, an estimated $52.4M sold.
Based on aggregated 13F filings for Q1 2021.