Bread Financial
515 hedge funds and large institutions have $8.57B invested in Bread Financial in 2019 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 182 increasing their positions, 181 reducing their positions, and 85 closing their positions.
15% more capital invested
Capital invested by funds: $7.42B → $8.57B (+$1.15B)
13% more funds holding in top 10
Funds holding in top 10: 16 → 18 (+2)
1.49% more ownership
Funds ownership: 114.29% → 115.78% (+1.5%)
1% more repeat investments, than reductions
Existing positions increased: 182 | Existing positions reduced: 181
5% less funds holding
Funds holding: 544 → 515 (-29)
27% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 85
52% less call options, than puts
Call options by funds: $57.2M | Put options by funds: $118M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LAM
Lyrical Asset Management
New York
|
+$270M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$72.6M |
| 3 |
EIC
Equity Investment Corp
Atlanta,
Georgia
|
+$62.6M |
| 4 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$46M |
| 5 |
Millennium Management
New York
|
+$26.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BWA
Brave Warrior Advisors
New York
|
-$105M |
| 2 |
SGA
Sustainable Growth Advisers
Stamford,
Connecticut
|
-$94.8M |
| 3 |
AVC
Arlington Value Capital
Salt Lake City,
Utah
|
-$58.7M |
| 4 |
BA
Bridgewater Associates
Westport,
Connecticut
|
-$40.5M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$40.3M |
BFH Hedge Fund Activity: Q1 2019 in Review
515 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q1 2019, worth a combined $8.57B — up 15% from $7.42B a quarter earlier.
Sellers outnumbered buyers: 85 funds closed out of BFH and 62 opened new positions — a net loss of 23 holders — while 181 trimmed existing stakes and 182 added.
The largest buyer was Lyrical Asset Management, opening a new position worth an estimated $270M. The largest seller was Brave Warrior Advisors, cutting an estimated $105M.
- 515 institutional investors held Bread Financial (BFH) as of Q1 2019, down from 544 in Q4 2018.
- Funds reported $8.57B of Bread Financial stock for Q1 2019, up 15% quarter-over-quarter.
- 62 funds opened new Bread Financial positions in Q1 2019 and 85 closed out, a net change of -23 holders.
- The largest Bread Financial buyer in Q1 2019 was Lyrical Asset Management, an estimated $270M added.
- The largest Bread Financial seller in Q1 2019 was Brave Warrior Advisors, an estimated $105M sold.
Based on aggregated 13F filings for Q1 2019.