Brilliant Earth
BRLT
42 hedge funds and large institutions have $108M invested in Brilliant Earth in 2023 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 9 closing their positions.
59% more call options, than puts
Call options by funds: $92K | Put options by funds: $58K
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
13% less funds holding
Funds holding: 48 → 42 (-6)
17.45% less ownership
Funds ownership: 322.44% → 304.99% (-17%)
25% less capital invested
Capital invested by funds: $145M → $108M (-$37.1M)
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MPEM
Marathon Partners Equity Management
New York
|
+$1.03M |
| 2 |
PCM
Patient Capital Management
Baltimore,
Maryland
|
+$713K |
| 3 |
MA
MYDA Advisors
Woodmere,
New York
|
+$297K |
| 4 |
UIC
Uniplan Investment Counsel
Milwaukee,
Wisconsin
|
+$138K |
| 5 |
BlackRock
New York
|
+$127K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GH
GAM Holding
Zurich,
Switzerland
|
-$4.02M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$807K |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$181K |
| 4 |
Barclays
London,
United Kingdom
|
-$174K |
| 5 |
AC
Avestar Capital
New York
|
-$161K |
BRLT Hedge Fund Activity: Q3 2023 in Review
42 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in Brilliant Earth (BRLT) for Q3 2023, worth a combined $108M — down 25% from $145M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of BRLT and 3 opened new positions — a net loss of 6 holders — while 11 trimmed existing stakes and 17 added.
The largest buyer was Marathon Partners Equity Management, adding an estimated $1.03M. The largest seller was GAM Holding, exiting entirely with an estimated $4.02M sold.
- 42 institutional investors held Brilliant Earth (BRLT) as of Q3 2023, down from 48 in Q2 2023.
- Funds reported $108M of Brilliant Earth stock for Q3 2023, down 25% quarter-over-quarter.
- 3 funds opened new Brilliant Earth positions in Q3 2023 and 9 closed out, a net change of -6 holders.
- The largest Brilliant Earth buyer in Q3 2023 was Marathon Partners Equity Management, an estimated $1.03M added.
- The largest Brilliant Earth seller in Q3 2023 was GAM Holding, an estimated $4.02M sold.
Based on aggregated 13F filings for Q3 2023.