BFH β€” ALLIANCE DATA SYSTEMS CORP

Ownership history in FOX RUN MANAGEMENT, L.L.C.  Β·  9 quarters on record

This page tracks every 13F SEC filing in which FOX RUN MANAGEMENT, L.L.C. reported a position in ALLIANCE DATA SYSTEMS CORP (BFH). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.49% (2018 Q3)
πŸ“Š Avg. % of fund
0.25%
πŸ“… First filed
2017 Q2
πŸ“… Last filed
2025 Q3
⏱ Quarters held
9

Position Intelligence

FOX RUN MANAGEMENT, L.L.C. Γ— BFH AI Analytics

πŸ“‰ FOX RUN MANAGEMENT, L.L.C. underperformed the S&P 500 by –66.3% annually on this BFH position. Timing score: 75% (6/8 decisions correct). Average cost basis: $71.43. Maximum drawdown during holding period: –81.6%.

πŸ“ˆ Position Alpha vs SPY
-66.3%
annualised excess return

❌ Significantly underperformed the S&P 500 by 66.3% ann.
8 quarters analyzed

⏱️ Timing Score
75%

🎯 Smart timing β€” consistently buying dips and trimming near peaks.
6 of 8 add/trim decisions correct

πŸ’° Entry Quality
$71.43
-22.4% vs current ($55.41)

Best entry: $32.66 (2020 Q2)  Β·  Worst: $177.63 (2017 Q2)

πŸ›‘οΈ Drawdown Resilience
–81.6%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
56%
buy-side decisions

5 adds Β· 4 trims. Bought during 3 of 5 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.09% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    BFH price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 9 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 REDUCED 10,388 -9,608 -48.0% 0.09% $579K $55.41
2024 Q4 REDUCED 19,996 -99 -0.5% 0.22% $1.2M $59.99
2024 Q3 ADDED 20,095 +17,819 +782.9% 0.21% $956K $46.58
2021 Q3 REDUCED 2,276 -2,270 -49.9% 0.14% $230K $74.07
2020 Q2 ADDED 4,546 +1,112 +32.4% 0.27% $205K $32.66
2019 Q2 REDUCED 3,434 -1,332 -27.9% 0.32% $481K $99.20
2018 Q3 ADDED 4,766 +1,466 +44.4% 0.49% $1.1M $165.42
2017 Q3 ADDED 3,300 +100 +3.1% 0.21% $731K $153.66
2017 Q2 INITIATED 3,200 β€” β€” 0.28% $821K $177.63

🏒 Other funds also holding BFH

As of 2025 Q4 β€” sorted by position size

Turtle Creek Asset Management Inc. 3Y 7Y 8.31% BROOKTREE CAPITAL MANAGEMENT 3Y 7.98% MILLER VALUE PARTNERS, LLC 3Y 7Y 5.25% Factorial Partners, LLC 3Y 7Y 1.71% Philadelphia Financial Management of San Francisco, LLC 3Y 7Y 1.52% Mork Capital Management, LLC 3Y 7Y 0.92% BASSWOOD CAPITAL MANAGEMENT, L.L.C. 3Y 7Y 0.92% HUSSMAN STRATEGIC ADVISORS, INC. 3Y 7Y 0.56% VISTA INVESTMENT MANAGEMENT 3Y 7Y 0.56% Nierenberg Investment Management Company, LLC 3Y 7Y 0.55%
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