Bread Financial
464 hedge funds and large institutions have $16.2B invested in Bread Financial in 2013 Q4 according to their latest regulatory filings, with 71 funds opening new positions, 133 increasing their positions, 212 reducing their positions, and 30 closing their positions.
137% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 30
24% more capital invested
Capital invested by funds: $13B → $16.2B (+$3.13B)
9% more funds holding
Funds holding: 426 → 464 (+38)
8% more funds holding in top 10
Funds holding in top 10: 24 → 26 (+2)
3.65% less ownership
Funds ownership: 159.12% → 155.47% (-3.6%)
37% less repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 212
49% less call options, than puts
Call options by funds: $63.4M | Put options by funds: $123M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
abrdn Investment Management
Edinburgh,
United Kingdom
|
+$204M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$158M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$112M |
| 4 |
Alkeon Capital Management
New York
|
+$89.7M |
| 5 |
State Street
Boston,
Massachusetts
|
+$87.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$156M |
| 2 |
Westfield Capital Management
Boston,
Massachusetts
|
-$96.8M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$85.4M |
| 4 |
TCM
TimesSquare Capital Management
New York
|
-$80.3M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$74.8M |
BFH Hedge Fund Activity: Q4 2013 in Review
464 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q4 2013, worth a combined $16.2B — up 24% from $13B a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new BFH positions and 30 closed out — a net gain of 41 holders — while 133 added to existing stakes and 212 trimmed.
The largest buyer was abrdn Investment Management, opening a new position worth an estimated $204M. The largest seller was BlackRock Fund Advisors, cutting an estimated $156M.
- 464 institutional investors held Bread Financial (BFH) as of Q4 2013, up from 426 in Q3 2013.
- Funds reported $16.2B of Bread Financial stock for Q4 2013, up 24% quarter-over-quarter.
- 71 funds opened new Bread Financial positions in Q4 2013 and 30 closed out, a net change of +41 holders.
- The largest Bread Financial buyer in Q4 2013 was abrdn Investment Management, an estimated $204M added.
- The largest Bread Financial seller in Q4 2013 was BlackRock Fund Advisors, an estimated $156M sold.
Based on aggregated 13F filings for Q4 2013.