Bread Financial Holdings Inc (BFH) SEC 13F Holdings (Q2 2026) — Net Institutional Activity: $97.7M

BFH ranks #1447 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

BFH is a top-conviction position for Turtle Creek Asset Management Inc. — at 5.5% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in BFH belongs to BlackRock, Inc., but the position matters far more to Turtle Creek Asset Management Inc., who has 5.5% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Allianz Asset Management GmbH has added to its BFH position for two straight quarters, increasing it by $108.8M to reach $193.8M today.

Deutsche Bank Ag\ has trimmed its BFH position for two straight quarters, cutting it by $39.9M while still holding $7.3M.

BFH is up 4.3% today, and institutions have been net buyers of $97.7M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

BFH posted net income of $569.0M over the trailing twelve months, and currently trades at a P/E of 8.9.

• Profitable — net income of $569.0M over the trailing twelve months
• Revenue declined 24.3% year over year
• Net income improved year over year, from $286.0M to $569.0M
• Generated $2.1B in positive operating cash flow
• Liabilities run 5.81x equity — a highly leveraged balance sheet worth noting