Bread Financial
525 hedge funds and large institutions have $12.7B invested in Bread Financial in 2016 Q4 according to their latest regulatory filings, with 76 funds opening new positions, 150 increasing their positions, 215 reducing their positions, and 48 closing their positions.
58% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 48
7% more capital invested
Capital invested by funds: $11.8B → $12.7B (+$852M)
4% more funds holding
Funds holding: 506 → 525 (+19)
2.3% more ownership
Funds ownership: 117.97% → 120.27% (+2.3%)
0% more funds holding in top 10
Funds holding in top 10: 17 → 17 (0)
30% less repeat investments, than reductions
Existing positions increased: 150 | Existing positions reduced: 215
74% less call options, than puts
Call options by funds: $45.8M | Put options by funds: $176M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RL
Ruffer LLP
London,
United Kingdom
|
+$129M |
| 2 |
Parnassus Investments
San Francisco,
California
|
+$86.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$65.5M |
| 4 |
VH
ValueAct Holdings
San Francisco,
California
|
+$53.7M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$52.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAS
Sarbit Advisory Services
Winnipeg,
Manitoba, Canada
|
-$53.1M |
| 2 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$48.8M |
| 3 |
Neuberger Berman Group
New York
|
-$40.1M |
| 4 |
MCM
Marcato Capital Management
San Francisco,
California
|
-$37.7M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$37.6M |
BFH Hedge Fund Activity: Q4 2016 in Review
525 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q4 2016, worth a combined $12.7B — up 7.2% from $11.8B a quarter earlier.
Buyers outnumbered sellers: 76 funds opened new BFH positions and 48 closed out — a net gain of 28 holders — while 150 added to existing stakes and 215 trimmed.
The largest buyer was Ruffer LLP, opening a new position worth an estimated $129M. The largest seller was Sarbit Advisory Services, exiting entirely with an estimated $53.1M sold.
- 525 institutional investors held Bread Financial (BFH) as of Q4 2016, up from 506 in Q3 2016.
- Funds reported $12.7B of Bread Financial stock for Q4 2016, up 7.2% quarter-over-quarter.
- 76 funds opened new Bread Financial positions in Q4 2016 and 48 closed out, a net change of +28 holders.
- The largest Bread Financial buyer in Q4 2016 was Ruffer LLP, an estimated $129M added.
- The largest Bread Financial seller in Q4 2016 was Sarbit Advisory Services, an estimated $53.1M sold.
Based on aggregated 13F filings for Q4 2016.