Free · no sign-up · Q2 2026

Which funds own BFH

Bread Financial Holdings Inc in the Q2 2026 filings. At least 2 of the 91 current managers on file reported a position, worth $15m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 2; at least, of 91 current
Combined value: $15m; as reported
Opened: 1; new this quarter
Added to: 1; already held
Trimmed or sold out: 0; 0 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Brevan Howard Capital Management LP Macro · $13.5bn book	$11m	0.1%	104,486	+$11m+101,084	Added
Caxton Associates LLP Macro · $5.3bn book	$3.6m	0.1%	32,797	opened32,797	New

Ownership through time

At least 7 of the 95 managers whose filings are on file listed BFH in Q2 2026, against 12 in Q2 2013. 3 managers more than in Q1 2026: 2 started positions; 2 listed it again; 1 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Walleye Capital LLC$9.9m
Caxton Associates LLP$3.6m

Largest increases, by shares

Walleye Capital LLCnew: 91,394 shares+$9.9m
Caxton Associates LLPnew: 32,797 shares+$3.6m
Hudson Bay Capital Management LP131,602 to 136,672 shares+$549k

Largest decreases, by shares

Winton Group Ltd89,022 to 10,171 shares-$8.5m
Arrowstreet Capital LP1,103,584 to 1,045,197 shares-$6.3m

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
Arrowstreet Capital LP	Q3 2018	$113m	$113m
Neuberger Berman Group LLC	Q2 2013	$317m	$51m
Hudson Bay Capital Management LP	Q4 2019	$19m	$15m
Brevan Howard Capital Management LP	Q2 2026	$11m	$11m
Walleye Capital LLC	Q2 2026	$9.9m	$9.9m
Caxton Associates LLP	Q3 2018	$3.6m	$3.6m
Winton Group Ltd	Q2 2014	$73m	$1.1m
ValueAct Holdings LP	Q1 2016	$1.5bn	last listed Q4 2019
Fidelity (FMR LLC)	Q2 2013	$891m	last listed Q2 2019
Wellington Management Group LLP	Q2 2013	$793m	last listed Q2 2024
T. Rowe Price Associates Inc	Q2 2013	$453m	last listed Q1 2014
AllianceBernstein LP	Q3 2015	$422m	last listed Q1 2016
Invesco Ltd	Q2 2013	$414m	last listed Q1 2019
Viking Global Investors LP	Q4 2017	$388m	last listed Q1 2018
Point72 Asset Management LP	Q3 2015	$172m	last listed Q4 2024
Balyasny Asset Management LLC	Q2 2013	$156m	last listed Q3 2022
Jana Partners	Q2 2016	$132m	last listed Q1 2017

What BFH is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around BFH →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

Comps ExplorerValue it against the peers it trades beside Every managerRead any of these books in full Deal tapeWhat buyers paid for whole companies, not slices Hedge fund interviewsHow the room runs, and the stock pitch it wants

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The holdings, every quarter, and the week between

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