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BBUC

Brookfield Business Corp Class A Subordinate Voting Shares

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.

New
Increased
Maintained
Reduced
Closed

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: 12 (+1)

8% more funds holding

Funds holding: 8592 (+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)

Holders
92
Holders Change
+7
Holders Change %
+8.24%
% of All Funds
1.46%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
12
Increased
32
Reduced
30
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BC
1
Brookfield Corp
Ontario, Canada
$854M -$14.4M -747,734 -2%
OAC
2
OMERS Administration Corp
Ontario, Canada
$109M
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$33.9M -$12.4M -644,871 -26%
CIBC Asset Management
4
CIBC Asset Management
Ontario, Canada
$25M -$201K -10,464 -0.8%
PMG
5
Private Management Group
California
$23.2M +$3.71M +193,221 +18%
BlackRock
6
BlackRock
New York
$22.3M +$548K +28,521 +2%
CI Investments Inc
7
CI Investments Inc
Ontario, Canada
$18.8M +$32.2K +1,679 +0.2%
Connor, Clark & Lunn Investment Management (CC&L)
8
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$14.6M +$15.5M +809,690 New
PVI
9
Partners Value Investments
Bermuda
$13.5M +$14.4M +747,734 New
Bank of Montreal
10
Bank of Montreal
Ontario, Canada
$13.3M +$1.96M +102,316 +18%
1832 Asset Management
11
1832 Asset Management
Ontario, Canada
$9.77M -$14.2K -740 -0.1%
BGC
12
Beutel, Goodman & Co
Ontario, Canada
$9.74M +$140K +7,270 +1%
TWC
13
TD Waterhouse Canada
Ontario, Canada
$8.38M -$4.55M -237,202 -40%
State Street
14
State Street
Massachusetts
$6.44M +$79K +4,113 +1%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$4.97M +$214K +11,149 +4%
Northern Trust
16
Northern Trust
Illinois
$3.17M -$1.59K -83 -0%
CIBC World Market
17
CIBC World Market
Ontario, Canada
$3.12M -$90.5K -4,715 -3%
Vanguard Group
18
Vanguard Group
Pennsylvania
$2.96M +$243K +12,630 +8%
Manulife (Manufacturers Life Insurance)
19
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2.8M
N
20
Nuveen
North Carolina
$1.63M -$1.42K -74 -0.1%
TD Asset Management
21
TD Asset Management
Ontario, Canada
$1.39M +$1.47M +76,800 New
DWM
22
Dorchester Wealth Management
Quebec, Canada
$1.34M +$1.25M +64,844 +590%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$1.21M -$1.63K -85 -0.1%
TCM
24
Tandem Capital Management
New Jersey
$1.16M -$19.7K -1,025 -2%
Charles Schwab
25
Charles Schwab
California
$1.1M +$27.4K +1,428 +2%

BBUC Hedge Fund Activity: Q3 2023 in Review

92 of the 6,301 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.