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BBUC

Brookfield Business Corp Class A Subordinate Voting Shares

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.

New
Increased
Maintained
Reduced
Closed

16% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 25

7% less funds holding

Funds holding: 8377 (-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: 10 (-1)

Holders
77
Holders Change
-6
Holders Change %
-7.23%
% of All Funds
1.23%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
6
Increased
29
Reduced
25
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
OAC
1
OMERS Administration Corp
Ontario, Canada
$119M
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$53M -$166K -8,287 -0.3%
CIBC Asset Management
3
CIBC Asset Management
Ontario, Canada
$30.7M +$6.34M +317,382 +26%
BlackRock
4
BlackRock
New York
$22.8M -$857K -42,879 -4%
CI Investments Inc
5
CI Investments Inc
Ontario, Canada
$20.5M +$20K +1,000 +0.1%
PMG
6
Private Management Group
California
$18.2M +$2.56M +128,056 +16%
BC
7
Brookfield Corp
Ontario, Canada
$17.2M -$942M -47,124,044 -98%
TWC
8
TD Waterhouse Canada
Ontario, Canada
$15.4M -$1.13M -56,309 -9%
1832 Asset Management
9
1832 Asset Management
Ontario, Canada
$12.9M -$80 -4 -0%
Bank of Montreal
10
Bank of Montreal
Ontario, Canada
$10.1M +$401K +20,091 +4%
BGC
11
Beutel, Goodman & Co
Ontario, Canada
$10.1M -$261K -13,045 -2%
State Street
12
State Street
Massachusetts
$6.76M +$179K +8,963 +3%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$4.72M +$271K +13,557 +6%
CIBC World Market
14
CIBC World Market
Ontario, Canada
$3.6M -$80K -4,004 -2%
Northern Trust
15
Northern Trust
Illinois
$3.38M +$1.7K +85 +0%
Manulife (Manufacturers Life Insurance)
16
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$3.06M
Vanguard Group
17
Vanguard Group
Pennsylvania
$2.59M +$119K +5,960 +5%
Morgan Stanley
18
Morgan Stanley
New York
$2.21M +$1.02M +51,093 +85%
N
19
Nuveen
North Carolina
$1.4M -$30.2K -1,510 -2%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$1.35M -$16.4K -819 -1%
TCM
21
Tandem Capital Management
New Jersey
$1.29M +$45.7K +2,288 +4%
Charles Schwab
22
Charles Schwab
California
$1.17M +$15.7K +788 +1%
Millennium Management
23
Millennium Management
New York
$1.09M -$1.01M -50,362 -48%
Goldman Sachs
24
Goldman Sachs
New York
$834K +$24.5K +1,228 +3%
RhumbLine Advisers
25
RhumbLine Advisers
Massachusetts
$654K +$19.9K +994 +3%

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.