Bread Financial
531 hedge funds and large institutions have $12.2B invested in Bread Financial in 2018 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 188 increasing their positions, 191 reducing their positions, and 71 closing their positions.
21% more funds holding in top 10
Funds holding in top 10: 19 → 23 (+4)
9% more capital invested
Capital invested by funds: $11.2B → $12.2B (+$959M)
0.96% less ownership
Funds ownership: 119.11% → 118.14% (-0.96%)
2% less repeat investments, than reductions
Existing positions increased: 188 | Existing positions reduced: 191
3% less call options, than puts
Call options by funds: $89M | Put options by funds: $91.9M
4% less funds holding
Funds holding: 555 → 531 (-24)
24% less first-time investments, than exits
New positions opened: 54 | Existing positions closed: 71
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$273M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$173M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$115M |
| 4 |
PP
Prudential plc
London, England,
United Kingdom
|
+$99.7M |
| 5 |
Parnassus Investments
San Francisco,
California
|
+$79.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Edgewood Management
Greenwich,
Connecticut
|
-$522M |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
-$388M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$84.3M |
| 4 |
Millennium Management
New York
|
-$75.5M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$53.3M |
BFH Hedge Fund Activity: Q2 2018 in Review
531 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q2 2018, worth a combined $12.2B — up 8.5% from $11.2B a quarter earlier.
Sellers outnumbered buyers: 71 funds closed out of BFH and 54 opened new positions — a net loss of 17 holders — while 191 trimmed existing stakes and 188 added.
The largest buyer was JP Morgan Chase, adding an estimated $273M. The largest seller was Edgewood Management, exiting entirely with an estimated $522M sold.
- 531 institutional investors held Bread Financial (BFH) as of Q2 2018, down from 555 in Q1 2018.
- Funds reported $12.2B of Bread Financial stock for Q2 2018, up 8.5% quarter-over-quarter.
- 54 funds opened new Bread Financial positions in Q2 2018 and 71 closed out, a net change of -17 holders.
- The largest Bread Financial buyer in Q2 2018 was JP Morgan Chase, an estimated $273M added.
- The largest Bread Financial seller in Q2 2018 was Edgewood Management, an estimated $522M sold.
Based on aggregated 13F filings for Q2 2018.