BRSP ranks #2660 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
BRSP is a top-conviction position for North Ground Capital — at 7.1% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in BRSP belongs to California State Teachers Retirement System, but the position matters far more to North Ground Capital, who has 7.1% 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.
Israel Englander has added to its BRSP position for two straight quarters, increasing it by $7.7M to reach $11.4M today.
North Ground Capital has trimmed its BRSP position for two straight quarters, cutting it by $11.2M while still holding $6.0M.
BRSP is down 2.3% today, and institutions have been net sellers of $41.4M this quarter — today's price move and the underlying institutional flow are pointing the same direction.