BCE
424 hedge funds and large institutions have $14B invested in BCE in 2014 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 175 increasing their positions, 143 reducing their positions, and 24 closing their positions.
88% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 24
22% more repeat investments, than reductions
Existing positions increased: 175 | Existing positions reduced: 143
22% more funds holding in top 10
Funds holding in top 10: 18 → 22 (+4)
4% more funds holding
Funds holding: 407 → 424 (+17)
1.17% more ownership
Funds ownership: 40.84% → 42.01% (+1.2%)
2% more capital invested
Capital invested by funds: $13.7B → $14B (+$321M)
11% less call options, than puts
Call options by funds: $70.4M | Put options by funds: $79.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$78.6M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$78.5M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$63.5M |
| 4 |
SCCM
Schafer Cullen Capital Management
New York
|
+$48.1M |
| 5 |
Renaissance Technologies
New York
|
+$45.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$67.2M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$43.6M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$25.9M |
| 4 |
GCC
Guardian Capital (Canada)
Toronto,
Ontario, Canada
|
-$22.9M |
| 5 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$18.9M |
BCE Hedge Fund Activity: Q1 2014 in Review
424 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in BCE (BCE) for Q1 2014, worth a combined $14B — up 2.3% from $13.7B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new BCE positions and 24 closed out — a net gain of 21 holders — while 175 added to existing stakes and 143 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $78.6M. The largest seller was Citigroup, cutting an estimated $67.2M.
- 424 institutional investors held BCE (BCE) as of Q1 2014, up from 407 in Q4 2013.
- Funds reported $14B of BCE stock for Q1 2014, up 2.3% quarter-over-quarter.
- 45 funds opened new BCE positions in Q1 2014 and 24 closed out, a net change of +21 holders.
- The largest BCE buyer in Q1 2014 was Bank of Montreal, an estimated $78.6M added.
- The largest BCE seller in Q1 2014 was Citigroup, an estimated $67.2M sold.
Based on aggregated 13F filings for Q1 2014.