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Bread Financial

451 hedge funds and large institutions have $5.39B invested in Bread Financial in 2019 Q3 according to their latest regulatory filings, with 60 funds opening new positions, 135 increasing their positions, 186 reducing their positions, and 81 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% less funds holding

Funds holding: 473451 (-22)

7.88% less ownership

Funds ownership: 111.09%103.21% (-7.9%)

12% less call options, than puts

Call options by funds: $95.4M | Put options by funds: $109M

14% less funds holding in top 10

Funds holding in top 10: 1412 (-2)

17% less capital invested

Capital invested by funds: $6.5B → $5.39B (-$1.11B)

26% less first-time investments, than exits

New positions opened: 60 | Existing positions closed: 81

27% less repeat investments, than reductions

Existing positions increased: 135 | Existing positions reduced: 186

Holders
451
Holders Change
-22
Holders Change %
-4.65%
% of All Funds
9.89%
Holding in Top 10
12
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-14.29%
% of All Funds
0.26%
New
60
Increased
135
Reduced
186
Closed
81
Calls
$95.4M
Puts
$109M
Net Calls
-$13.1M
Net Calls Change
+$25.7M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$587M -$73.6M -653,379 -10%
VH
2
ValueAct Holdings
California
$475M
BlackRock
3
BlackRock
New York
$395M -$23.3M -207,127 -5%
State Street
4
State Street
Massachusetts
$239M -$18.3M -162,796 -6%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$199M -$208M -1,845,564 -49%
LAM
6
Lyrical Asset Management
New York
$193M -$12.5M -110,887 -6%
Parnassus Investments
7
Parnassus Investments
California
$158M -$24.6M -218,616 -12%
Boston Partners
8
Boston Partners
Massachusetts
$152M +$24.8M +220,179 +17%
AVC
9
Arlington Value Capital
Utah
$138M -$45.3M -402,170 -23%
Northern Trust
10
Northern Trust
Illinois
$123M -$1.48M -13,175 -1%
Caisse de Depot et Placement du Quebec (CDPQ)
11
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$116M +$9.11M +80,819 +8%
Invesco
12
Invesco
Georgia
$114M +$9.73M +86,374 +8%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$86.3M -$5.45M -48,361 -5%
PP
14
Prudential plc
United Kingdom
$84.6M +$4.09M +36,337 +5%
Thrivent Financial for Lutherans
15
Thrivent Financial for Lutherans
Minnesota
$81.4M +$10.3M +91,072 +13%
Citadel Advisors
16
Citadel Advisors
Florida
$80.8M -$25.9M -230,186 -23%
BA
17
Bridgewater Associates
Connecticut
$72.6M +$3.29M +29,175 +4%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$67.5M -$22M -194,844 -23%
Norges Bank
19
Norges Bank
Norway
$62.2M
Dimensional Fund Advisors
20
Dimensional Fund Advisors
Texas
$53.5M -$307K -2,726 -0.5%
WCM
21
Wedge Capital Management
North Carolina
$53.3M -$351K -3,115 -0.6%
CCM
22
Check Capital Management
California
$49.8M -$772K -6,847 -1%
GC
23
Gobi Capital
California
$49.7M +$8.78M +77,924 +19%
Axa
24
Axa
France
$47M +$1.6M +14,158 +3%
TCAM
25
Turtle Creek Asset Management
Ontario, Canada
$45.7M +$6.51M +57,763 +15%

BFH Hedge Fund Activity: Q3 2019 in Review

451 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q3 2019, worth a combined $5.39B — down 17% from $6.5B a quarter earlier.

Sellers outnumbered buyers: 81 funds closed out of BFH and 60 opened new positions — a net loss of 21 holders — while 186 trimmed existing stakes and 135 added.

The largest buyer was Susquehanna International Group, opening a new position worth an estimated $43.6M. The largest seller was Fidelity Investments, cutting an estimated $208M.

  • 451 institutional investors held Bread Financial (BFH) as of Q3 2019, down from 473 in Q2 2019.
  • Funds reported $5.39B of Bread Financial stock for Q3 2019, down 17% quarter-over-quarter.
  • 60 funds opened new Bread Financial positions in Q3 2019 and 81 closed out, a net change of -21 holders.
  • The largest Bread Financial buyer in Q3 2019 was Susquehanna International Group, an estimated $43.6M added.
  • The largest Bread Financial seller in Q3 2019 was Fidelity Investments, an estimated $208M sold.

Based on aggregated 13F filings for Q3 2019.