Bread Financial
254 hedge funds and large institutions have $1.59B invested in Bread Financial in 2023 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 94 increasing their positions, 83 reducing their positions, and 36 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 83
3% more capital invested
Capital invested by funds: $1.55B → $1.59B (+$39.6M)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0.53% less ownership
Funds ownership: 101.28% → 100.75% (-0.53%)
1% less funds holding
Funds holding: 256 → 254 (-2)
3% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 36
60% less call options, than puts
Call options by funds: $8.08M | Put options by funds: $20M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
+$24.5M |
| 2 |
Pzena Investment Management
New York
|
+$17.3M |
| 3 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$14.3M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$9.4M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$9.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$22.8M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$18.1M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$16.3M |
| 4 |
CCM
Check Capital Management
Costa Mesa,
California
|
-$11.8M |
| 5 |
Bank of New York Mellon
New York
|
-$9.12M |
BFH Hedge Fund Activity: Q2 2023 in Review
254 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Bread Financial (BFH) for Q2 2023, worth a combined $1.59B — up 2.6% from $1.55B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of BFH and 35 opened new positions — a net loss of 1 holder — while 83 trimmed existing stakes and 94 added.
The largest buyer was Turtle Creek Asset Management, adding an estimated $24.5M. The largest seller was Wellington Management Group, cutting an estimated $22.8M.
- 254 institutional investors held Bread Financial (BFH) as of Q2 2023, down from 256 in Q1 2023.
- Funds reported $1.59B of Bread Financial stock for Q2 2023, up 2.6% quarter-over-quarter.
- 35 funds opened new Bread Financial positions in Q2 2023 and 36 closed out, a net change of -1 holder.
- The largest Bread Financial buyer in Q2 2023 was Turtle Creek Asset Management, an estimated $24.5M added.
- The largest Bread Financial seller in Q2 2023 was Wellington Management Group, an estimated $22.8M sold.
Based on aggregated 13F filings for Q2 2023.