Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
77 hedge funds and large institutions have $371M invested in Brookfield Business Corp Class A Subordinate Voting Shares in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 29 increasing their positions, 25 reducing their positions, and 11 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 25
7% less funds holding
Funds holding: 83 → 77 (-6)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
65.15% less ownership
Funds ownership: 90.56% → 25.41% (-65%)
70% less capital invested
Capital invested by funds: $1.25B → $371M (-$874M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$6.34M |
| 2 |
PMG
Private Management Group
Irvine,
California
|
+$2.56M |
| 3 |
Morgan Stanley
New York
|
+$1.02M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$401K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$271K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$942M |
| 2 |
PGH
Partners Group Holding
Baar-Zug,
Switzerland
|
-$9.52M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$4.68M |
| 4 |
TWC
TD Waterhouse Canada
Toronto,
Ontario, Canada
|
-$1.13M |
| 5 |
Millennium Management
New York
|
-$1.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WT
76
Whittier Trust
South Pasadena,
California
| $19 | – | – | – |
|
|
PGH
77
Partners Group Holding
Baar-Zug,
Switzerland
| – | -$9.52M | -507,079 | Closed |
|
|
CS
78
Credit Suisse
Zurich,
Switzerland
| – | -$4.68M | -248,813 | Closed |
|
|
DWM
79
Dorchester Wealth Management
Montreal,
Quebec, Canada
| – | -$498K | -33,051 | Closed |
|
80
Jane Street
New York
| – | -$531K | -28,274 | Closed |
|
81
Russell Investments Group
London,
United Kingdom
| – | -$56.9K | -3,028 | Closed |
|
82
Allspring Global Investments
Charlotte,
North Carolina
| – | -$45.4K | -2,415 | Closed |
|
83
Lazard Asset Management
New York
| – | -$30K | -1,600 | Closed |
|
84
Citigroup
New York
| – | -$3.32K | -177 | Closed |
|
|
PA
85
Parallel Advisors
San Francisco,
California
| – | -$1.75K | -93 | Closed |
|
|
ACP
86
Arcus Capital Partners
Atlanta,
Georgia
| – | -$244 | -13 | Closed |
|
|
RG
87
Retirement Group
San Diego,
California
| – | -$60 | -3 | -15% |
|
BBUC Hedge Fund Activity: Q1 2023 in Review
77 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Brookfield Business Corp Class A Subordinate Voting Shares (BBUC) for Q1 2023, worth a combined $371M — down 70% from $1.25B a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BBUC and 6 opened new positions — a net loss of 5 holders — while 25 trimmed existing stakes and 29 added.
The largest buyer was CIBC Asset Management, adding an estimated $6.34M. The largest seller was Brookfield Corp, cutting an estimated $942M.
- 77 institutional investors held Brookfield Business Corp Class A Subordinate Voting Shares (BBUC) as of Q1 2023, down from 83 in Q4 2022.
- Funds reported $371M of Brookfield Business Corp Class A Subordinate Voting Shares stock for Q1 2023, down 70% quarter-over-quarter.
- 6 funds opened new Brookfield Business Corp Class A Subordinate Voting Shares positions in Q1 2023 and 11 closed out, a net change of -5 holders.
- The largest Brookfield Business Corp Class A Subordinate Voting Shares buyer in Q1 2023 was CIBC Asset Management, an estimated $6.34M added.
- The largest Brookfield Business Corp Class A Subordinate Voting Shares seller in Q1 2023 was Brookfield Corp, an estimated $942M sold.
Based on aggregated 13F filings for Q1 2023.