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Bread Financial

530 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, 187 increasing their positions, 192 reducing their positions, and 71 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more funds holding in top 10

Funds holding in top 10: 1923 (+4)

9% more capital invested

Capital invested by funds: $11.2B → $12.2B (+$958M)

0.98% less ownership

Funds ownership: 119.13%118.14% (-0.98%)

3% less repeat investments, than reductions

Existing positions increased: 187 | Existing positions reduced: 192

3% less call options, than puts

Call options by funds: $89M | Put options by funds: $91.9M

4% less funds holding

Funds holding: 554530 (-24)

24% less first-time investments, than exits

New positions opened: 54 | Existing positions closed: 71

Holders
530
Holders Change
-24
Holders Change %
-4.33%
% of All Funds
12.13%
Holding in Top 10
23
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+21.05%
% of All Funds
0.53%
New
54
Increased
187
Reduced
192
Closed
71
Calls
$89M
Puts
$91.9M
Net Calls
-$2.93M
Net Calls Change
+$12.7M
Name Holding Trade Value Shares
Change
Change in
Stake
VH
1
ValueAct Holdings
California
$1.42B +$43.9M +257,173 +3%
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.15B +$16.3M +95,194 +2%
BlackRock
3
BlackRock
New York
$738M +$10.5M +61,304 +2%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$605M +$173M +1,014,213 +45%
JP Morgan Chase
5
JP Morgan Chase
New York
$524M +$273M +1,597,700 +131%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$469M +$72.4M +423,802 +20%
State Street
7
State Street
Massachusetts
$431M -$6.04M -35,386 -2%
BWA
8
Brave Warrior Advisors
New York
$404M +$1.49M +8,709 +0.4%
Parnassus Investments
9
Parnassus Investments
California
$290M +$79.2M +463,610 +42%
Northern Trust
10
Northern Trust
Illinois
$250M -$6.65M -38,956 -3%
AVC
11
Arlington Value Capital
Utah
$234M +$41.4M +242,332 +24%
Boston Partners
12
Boston Partners
Massachusetts
$210M -$15.5M -90,910 -7%
OAC
13
OMERS Administration Corp
Ontario, Canada
$188M +$85.6K +501 +0%
Bank of Montreal
14
Bank of Montreal
Ontario, Canada
$179M +$41.1M +240,646 +33%
WRF
15
Waddell & Reed Financial
Kansas
$170M +$71M +415,369 +83%
SGA
16
Sustainable Growth Advisers
Connecticut
$166M +$7.66M +44,842 +5%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$144M +$3.35M +19,597 +3%
Norges Bank
18
Norges Bank
Norway
$137M
Thrivent Financial for Lutherans
19
Thrivent Financial for Lutherans
Minnesota
$131M -$53.3M -312,061 -31%
Balyasny Asset Management
20
Balyasny Asset Management
Illinois
$127M +$115M +673,229 +8,460%
Invesco
21
Invesco
Georgia
$119M +$52.9M +309,796 +93%
Caisse de Depot et Placement du Quebec (CDPQ)
22
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$111M -$2.35M -13,783 -2%
PP
23
Prudential plc
United Kingdom
$109M +$99.7M +583,647 +38,806%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$95.5M -$1.34M -7,827 -2%
CIBC Private Wealth Group
25
CIBC Private Wealth Group
Georgia
$95.4M -$457K -2,677 -0.5%

BFH Hedge Fund Activity: Q2 2018 in Review

530 of the 4,368 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 192 trimmed existing stakes and 187 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.

  • 530 institutional investors held Bread Financial (BFH) as of Q2 2018, down from 554 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.