Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
92 hedge funds and large institutions have $1.2B invested in Brookfield Business Corp Class A Subordinate Voting Shares in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 30 reducing their positions, and 5 closing their positions.
140% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 5
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
8% more funds holding
Funds holding: 85 → 92 (+7)
7% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 30
0.61% more ownership
Funds ownership: 89.95% → 90.56% (+0.61%)
4% less capital invested
Capital invested by funds: $1.24B → $1.2B (-$46.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$15.5M |
| 2 |
PMG
Private Management Group
Irvine,
California
|
+$3.71M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.96M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$1.47M |
| 5 |
DWM
Dorchester Wealth Management
Montreal,
Quebec, Canada
|
+$1.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$14.4M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$12.4M |
| 3 |
TWC
TD Waterhouse Canada
Toronto,
Ontario, Canada
|
-$4.55M |
| 4 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
-$543K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$268K |
BBUC Hedge Fund Activity: Q3 2023 in Review
92 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Brookfield Business Corp Class A Subordinate Voting Shares (BBUC) for Q3 2023, worth a combined $1.2B — down 3.7% from $1.24B a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BBUC positions and 5 closed out — a net gain of 7 holders — while 32 added to existing stakes and 30 trimmed.
The largest buyer was Connor, Clark & Lunn Investment Management (CC&L), opening a new position worth an estimated $15.5M. The largest seller was Brookfield Corp, cutting an estimated $14.4M.
- 92 institutional investors held Brookfield Business Corp Class A Subordinate Voting Shares (BBUC) as of Q3 2023, up from 85 in Q2 2023.
- Funds reported $1.2B of Brookfield Business Corp Class A Subordinate Voting Shares stock for Q3 2023, down 3.7% quarter-over-quarter.
- 12 funds opened new Brookfield Business Corp Class A Subordinate Voting Shares positions in Q3 2023 and 5 closed out, a net change of +7 holders.
- The largest Brookfield Business Corp Class A Subordinate Voting Shares buyer in Q3 2023 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $15.5M added.
- The largest Brookfield Business Corp Class A Subordinate Voting Shares seller in Q3 2023 was Brookfield Corp, an estimated $14.4M sold.
Based on aggregated 13F filings for Q3 2023.