Burford Capital
BUR
118 hedge funds and large institutions have $4.81B invested in Burford Capital in 2023 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 43 increasing their positions, 42 reducing their positions, and 18 closing their positions.
103% more call options, than puts
Call options by funds: $23.2M | Put options by funds: $11.4M
5% more capital invested
Capital invested by funds: $4.57B → $4.81B (+$233M)
2% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 42
0% more funds holding in top 10
Funds holding in top 10: 14 → 14 (0)
0% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 18
1% less funds holding
Funds holding: 119 → 118 (-1)
2.76% less ownership
Funds ownership: 37.66% → 34.91% (-2.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$42M |
| 2 |
Teacher Retirement System of Texas
Austin,
Texas
|
+$22.3M |
| 3 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$10.2M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.25M |
| 5 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$5.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPC
Banque Pictet & Cie
Geneva 73,
Switzerland
|
-$103M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$15.7M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$11.1M |
| 4 |
Millennium Management
New York
|
-$11M |
| 5 |
BCP
Bayberry Capital Partners
New York
|
-$10.1M |
BUR Hedge Fund Activity: Q3 2023 in Review
118 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Burford Capital (BUR) for Q3 2023, worth a combined $4.81B — up 5.1% from $4.57B a quarter earlier.
Fund positioning in BUR was balanced in Q3 2023: 18 funds opened new positions, 18 closed out, 43 added to existing stakes and 42 trimmed.
The largest buyer was Barrow, Hanley, Mewhinney & Strauss, opening a new position worth an estimated $42M. The largest seller was Banque Pictet & Cie, cutting an estimated $103M.
- 118 institutional investors held Burford Capital (BUR) as of Q3 2023, down from 119 in Q2 2023.
- Funds reported $4.81B of Burford Capital stock for Q3 2023, up 5.1% quarter-over-quarter.
- 18 funds opened new Burford Capital positions in Q3 2023 and 18 closed out, a net change of 0 holders.
- The largest Burford Capital buyer in Q3 2023 was Barrow, Hanley, Mewhinney & Strauss, an estimated $42M added.
- The largest Burford Capital seller in Q3 2023 was Banque Pictet & Cie, an estimated $103M sold.
Based on aggregated 13F filings for Q3 2023.