Bread Financial
329 hedge funds and large institutions have $1.39B invested in Bread Financial in 2020 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 128 increasing their positions, 108 reducing their positions, and 154 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 108
0.14% more ownership
Funds ownership: 118.42% → 118.56% (+0.14%)
27% less funds holding
Funds holding: 448 → 329 (-119)
32% less call options, than puts
Call options by funds: $22.6M | Put options by funds: $33.4M
50% less funds holding in top 10
Funds holding in top 10: 12 → 6 (-6)
71% less capital invested
Capital invested by funds: $4.88B → $1.39B (-$3.49B)
72% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 154
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LAM
Lyrical Asset Management
New York
|
+$297M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$97M |
| 3 |
Parnassus Investments
San Francisco,
California
|
+$80.7M |
| 4 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
+$71.7M |
| 5 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OFM
Okumus Fund Management
Grand Cayman,
Cayman Islands
|
-$153M |
| 2 |
ACL
Azora Capital LP
Miami,
Florida
|
-$62.9M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$57.9M |
| 4 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
-$53.8M |
| 5 |
AVC
Arlington Value Capital
Salt Lake City,
Utah
|
-$46.3M |
BFH Hedge Fund Activity: Q1 2020 in Review
329 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q1 2020, worth a combined $1.39B — down 71% from $4.88B a quarter earlier.
Sellers outnumbered buyers: 154 funds closed out of BFH and 43 opened new positions — a net loss of 111 holders — while 108 trimmed existing stakes and 128 added.
The largest buyer was Lyrical Asset Management, adding an estimated $297M. The largest seller was Okumus Fund Management, exiting entirely with an estimated $153M sold.
- 329 institutional investors held Bread Financial (BFH) as of Q1 2020, down from 448 in Q4 2019.
- Funds reported $1.39B of Bread Financial stock for Q1 2020, down 71% quarter-over-quarter.
- 43 funds opened new Bread Financial positions in Q1 2020 and 154 closed out, a net change of -111 holders.
- The largest Bread Financial buyer in Q1 2020 was Lyrical Asset Management, an estimated $297M added.
- The largest Bread Financial seller in Q1 2020 was Okumus Fund Management, an estimated $153M sold.
Based on aggregated 13F filings for Q1 2020.