Bread Financial
518 hedge funds and large institutions have $11.6B invested in Bread Financial in 2016 Q1 according to their latest regulatory filings, with 83 funds opening new positions, 196 increasing their positions, 183 reducing their positions, and 72 closing their positions.
15% more first-time investments, than exits
New positions opened: 83 | Existing positions closed: 72
2% more funds holding
Funds holding: 509 → 518 (+9)
1.27% more ownership
Funds ownership: 118.43% → 119.7% (+1.3%)
7% more repeat investments, than reductions
Existing positions increased: 196 | Existing positions reduced: 183
9% less funds holding in top 10
Funds holding in top 10: 22 → 20 (-2)
22% less call options, than puts
Call options by funds: $55.8M | Put options by funds: $72M
27% less capital invested
Capital invested by funds: $16B → $11.6B (-$4.35B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal London Asset Management
United Kingdom
|
+$713M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$135M |
| 3 |
VH
ValueAct Holdings
San Francisco,
California
|
+$118M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$52.5M |
| 5 |
Renaissance Technologies
New York
|
+$42.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$437M |
| 2 |
CG
Carmignac Gestion
Paris,
France
|
-$269M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$237M |
| 4 |
CWG
C WorldWide Group
Copenhagen,
Denmark
|
-$148M |
| 5 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$130M |
BFH Hedge Fund Activity: Q1 2016 in Review
518 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q1 2016, worth a combined $11.6B — down 27% from $16B a quarter earlier.
Buyers outnumbered sellers: 83 funds opened new BFH positions and 72 closed out — a net gain of 11 holders — while 196 added to existing stakes and 183 trimmed.
The largest buyer was Royal London Asset Management, adding an estimated $713M. The largest seller was Waddell & Reed Financial, cutting an estimated $437M.
- 518 institutional investors held Bread Financial (BFH) as of Q1 2016, up from 509 in Q4 2015.
- Funds reported $11.6B of Bread Financial stock for Q1 2016, down 27% quarter-over-quarter.
- 83 funds opened new Bread Financial positions in Q1 2016 and 72 closed out, a net change of +11 holders.
- The largest Bread Financial buyer in Q1 2016 was Royal London Asset Management, an estimated $713M added.
- The largest Bread Financial seller in Q1 2016 was Waddell & Reed Financial, an estimated $437M sold.
Based on aggregated 13F filings for Q1 2016.