BJ's Restaurants
BJRI
140 hedge funds and large institutions have $231M invested in BJ's Restaurants in 2020 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 38 increasing their positions, 53 reducing their positions, and 68 closing their positions.
78% more call options, than puts
Call options by funds: $6.69M | Put options by funds: $3.75M
11.65% less ownership
Funds ownership: 98.29% → 86.63% (-12%)
23% less funds holding
Funds holding: 183 → 140 (-43)
28% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 53
60% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 68
68% less capital invested
Capital invested by funds: $715M → $231M (-$484M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$15.8M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$10.9M |
| 3 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$9.13M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$6.12M |
| 5 |
JP Morgan Chase
New York
|
+$4.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$32.5M |
| 2 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
-$18.1M |
| 3 |
RIM
Ranger Investment Management
Dallas,
Texas
|
-$13M |
| 4 |
Bank of New York Mellon
New York
|
-$12.3M |
| 5 |
BlackRock
New York
|
-$9.33M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$1K | -9 | Closed |
|
|
HFA
202
HC Financial Advisors
Lafayette,
California
| – | +$321 | +10 | New |
|
203
Rockefeller Capital Management
New York
| – | +$996 | +31 | New |
|
BJRI Hedge Fund Activity: Q1 2020 in Review
140 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BJ's Restaurants (BJRI) for Q1 2020, worth a combined $231M — down 68% from $715M a quarter earlier.
Sellers outnumbered buyers: 68 funds closed out of BJRI and 27 opened new positions — a net loss of 41 holders — while 53 trimmed existing stakes and 38 added.
The largest buyer was Assenagon Asset Management, opening a new position worth an estimated $15.8M. The largest seller was Millennium Management, exiting entirely with an estimated $32.5M sold.
- 140 institutional investors held BJ's Restaurants (BJRI) as of Q1 2020, down from 183 in Q4 2019.
- Funds reported $231M of BJ's Restaurants stock for Q1 2020, down 68% quarter-over-quarter.
- 27 funds opened new BJ's Restaurants positions in Q1 2020 and 68 closed out, a net change of -41 holders.
- The largest BJ's Restaurants buyer in Q1 2020 was Assenagon Asset Management, an estimated $15.8M added.
- The largest BJ's Restaurants seller in Q1 2020 was Millennium Management, an estimated $32.5M sold.
Based on aggregated 13F filings for Q1 2020.