BCE
583 hedge funds and large institutions have $17.8B invested in BCE in 2023 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 246 increasing their positions, 170 reducing their positions, and 49 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 246 | Existing positions reduced: 170
18% more funds holding in top 10
Funds holding in top 10: 11 → 13 (+2)
2% more capital invested
Capital invested by funds: $17.5B → $17.8B (+$304M)
0.08% less ownership
Funds ownership: 43.34% → 43.26% (-0.08%)
4% less first-time investments, than exits
New positions opened: 47 | Existing positions closed: 49
2% less funds holding
Funds holding: 597 → 583 (-14)
26% less call options, than puts
Call options by funds: $247M | Put options by funds: $336M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$136M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$110M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$66.1M |
| 4 |
CCM
Cullen Capital Management
New York
|
+$62.4M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$55.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$219M |
| 2 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$84.3M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$81.7M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$67.9M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$67.6M |
BCE Hedge Fund Activity: Q1 2023 in Review
583 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BCE (BCE) for Q1 2023, worth a combined $17.8B — up 1.7% from $17.5B a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of BCE and 47 opened new positions — a net loss of 2 holders — while 170 trimmed existing stakes and 246 added.
The largest buyer was Federated Hermes, adding an estimated $136M. The largest seller was Goldman Sachs, cutting an estimated $219M.
- 583 institutional investors held BCE (BCE) as of Q1 2023, down from 597 in Q4 2022.
- Funds reported $17.8B of BCE stock for Q1 2023, up 1.7% quarter-over-quarter.
- 47 funds opened new BCE positions in Q1 2023 and 49 closed out, a net change of -2 holders.
- The largest BCE buyer in Q1 2023 was Federated Hermes, an estimated $136M added.
- The largest BCE seller in Q1 2023 was Goldman Sachs, an estimated $219M sold.
Based on aggregated 13F filings for Q1 2023.