Institutional Investment Trends in Banco Bradesco SA American Revealed

2024-03-12

Banco Bradesco SA American (BBD) was under the spotlight during the quarter ending December 31, 2023, with 239 hedge funds actively tracking the company. These funds collectively held a substantial number of BBD shares, amounting to 935,630,859. Additionally, 5 ETFs had investments in BBD, holding 26,546,727 shares.

Throughout the last quarter, 95 hedge funds were seen buying BBD shares, while 83 were involved in selling activities. The total number of BBD shares acquired by hedge funds stood at 110,464,477, whereas 68,314,360 shares were sold. Notably, 13 hedge funds decided to double down on their positions in BBD, signaling a heightened level of confidence in the stock.

Some of the top institutional holders of BBD shares included BlackRock Inc., SPRUCEGROVE INVESTMENT MANAGEMENT LTD, Fisher Asset Management, LLC, WELLINGTON MANAGEMENT GROUP LLP, and CAUSEWAY CAPITAL MANAGEMENT LLC.

Among the institutions displaying optimism towards BBD were Fisher Asset Management, LLC, Itau Unibanco Holding S.A., BlackRock Inc., ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, and MASSACHUSETTS FINANCIAL SERVICES CO /MA/. Conversely, the institutions with a more pessimistic outlook on BBD included MILLENNIUM MANAGEMENT LLC, SPRUCEGROVE INVESTMENT MANAGEMENT LTD, CITADEL ADVISORS LLC, CAUSEWAY CAPITAL MANAGEMENT LLC, and GOLDMAN SACHS GROUP INC.

This data, sourced from sharkstracker.com, offers a data-driven perspective on the market, empowering investors to make well-informed decisions based on the latest trends and movements in Banco Bradesco SA American's shares.