Bread Financial
519 hedge funds and large institutions have $11.8B invested in Bread Financial in 2016 Q1 according to their latest regulatory filings, with 84 funds opening new positions, 195 increasing their positions, 184 reducing their positions, and 72 closing their positions.
17% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 72
2% more funds holding
Funds holding: 509 → 519 (+10)
6% more repeat investments, than reductions
Existing positions increased: 195 | Existing positions reduced: 184
5.6% less ownership
Funds ownership: 119.25% → 113.65% (-5.6%)
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: $16.1B → $11.8B (-$4.27B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$135M |
| 2 |
VH
ValueAct Holdings
San Francisco,
California
|
+$118M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$52.5M |
| 4 |
Renaissance Technologies
New York
|
+$42.9M |
| 5 |
Teacher Retirement System of Texas
Austin,
Texas
|
+$35.9M |
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
519 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q1 2016, worth a combined $11.8B — down 27% from $16.1B a quarter earlier.
Buyers outnumbered sellers: 84 funds opened new BFH positions and 72 closed out — a net gain of 12 holders — while 195 added to existing stakes and 184 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $135M. The largest seller was Waddell & Reed Financial, cutting an estimated $437M.
- 519 institutional investors held Bread Financial (BFH) as of Q1 2016, up from 509 in Q4 2015.
- Funds reported $11.8B of Bread Financial stock for Q1 2016, down 27% quarter-over-quarter.
- 84 funds opened new Bread Financial positions in Q1 2016 and 72 closed out, a net change of +12 holders.
- The largest Bread Financial buyer in Q1 2016 was Wellington Management Group, an estimated $135M 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.