Bread Financial
506 hedge funds and large institutions have $11.8B invested in Bread Financial in 2016 Q3 according to their latest regulatory filings, with 65 funds opening new positions, 172 increasing their positions, 181 reducing their positions, and 65 closing their positions.
11% more capital invested
Capital invested by funds: $10.6B → $11.8B (+$1.21B)
2.84% more ownership
Funds ownership: 115.13% → 117.97% (+2.8%)
0% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 65
1% less funds holding
Funds holding: 511 → 506 (-5)
5% less repeat investments, than reductions
Existing positions increased: 172 | Existing positions reduced: 181
6% less funds holding in top 10
Funds holding in top 10: 18 → 17 (-1)
66% less call options, than puts
Call options by funds: $41.3M | Put options by funds: $122M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VH
ValueAct Holdings
San Francisco,
California
|
+$365M |
| 2 |
SGA
Sustainable Growth Advisers
Stamford,
Connecticut
|
+$109M |
| 3 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$75.2M |
| 4 |
Barclays
London,
United Kingdom
|
+$50.7M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
+$42.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP
Jana Partners
New York
|
-$132M |
| 2 |
Millennium Management
New York
|
-$111M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$87.6M |
| 4 |
NMIMC
Northwestern Mutual Investment Management Company
Milwaukee,
Wisconsin
|
-$47.9M |
| 5 |
JP Morgan Chase
New York
|
-$40.1M |
BFH Hedge Fund Activity: Q3 2016 in Review
506 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q3 2016, worth a combined $11.8B — up 11% from $10.6B a quarter earlier.
Fund positioning in BFH was balanced in Q3 2016: 65 funds opened new positions, 65 closed out, 172 added to existing stakes and 181 trimmed.
The largest buyer was ValueAct Holdings, adding an estimated $365M. The largest seller was Jana Partners, exiting entirely with an estimated $132M sold.
- 506 institutional investors held Bread Financial (BFH) as of Q3 2016, down from 511 in Q2 2016.
- Funds reported $11.8B of Bread Financial stock for Q3 2016, up 11% quarter-over-quarter.
- 65 funds opened new Bread Financial positions in Q3 2016 and 65 closed out, a net change of 0 holders.
- The largest Bread Financial buyer in Q3 2016 was ValueAct Holdings, an estimated $365M added.
- The largest Bread Financial seller in Q3 2016 was Jana Partners, an estimated $132M sold.
Based on aggregated 13F filings for Q3 2016.