BCE
423 hedge funds and large institutions have $15.3B invested in BCE in 2014 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 170 increasing their positions, 152 reducing their positions, and 30 closing their positions.
25% more call options, than puts
Call options by funds: $147M | Put options by funds: $118M
12% more repeat investments, than reductions
Existing positions increased: 170 | Existing positions reduced: 152
9% more capital invested
Capital invested by funds: $14B → $15.3B (+$1.25B)
1.11% more ownership
Funds ownership: 42.01% → 43.12% (+1.1%)
3% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 30
0% less funds holding
Funds holding: 424 → 423 (-1)
9% less funds holding in top 10
Funds holding in top 10: 22 → 20 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$190M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$132M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$77.4M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$40.3M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$38.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$78.3M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$67.5M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$41.3M |
| 4 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$38.6M |
| 5 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$33.8M |
BCE Hedge Fund Activity: Q2 2014 in Review
423 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in BCE (BCE) for Q2 2014, worth a combined $15.3B — up 8.9% from $14B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new BCE positions and 30 closed out — a net gain of 1 holder — while 170 added to existing stakes and 152 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $190M. The largest seller was Toronto Dominion Bank, cutting an estimated $78.3M.
- 423 institutional investors held BCE (BCE) as of Q2 2014, down from 424 in Q1 2014.
- Funds reported $15.3B of BCE stock for Q2 2014, up 8.9% quarter-over-quarter.
- 31 funds opened new BCE positions in Q2 2014 and 30 closed out, a net change of +1 holder.
- The largest BCE buyer in Q2 2014 was Wellington Management Group, an estimated $190M added.
- The largest BCE seller in Q2 2014 was Toronto Dominion Bank, an estimated $78.3M sold.
Based on aggregated 13F filings for Q2 2014.