BCE
407 hedge funds and large institutions have $13.7B invested in BCE in 2013 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 162 increasing their positions, 132 reducing their positions, and 25 closing their positions.
104% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 25
23% more repeat investments, than reductions
Existing positions increased: 162 | Existing positions reduced: 132
6% more funds holding
Funds holding: 385 → 407 (+22)
0.46% more ownership
Funds ownership: 40.37% → 40.84% (+0.46%)
5% less funds holding in top 10
Funds holding in top 10: 19 → 18 (-1)
33% less capital invested
Capital invested by funds: $20.5B → $13.7B (-$6.78B)
35% less call options, than puts
Call options by funds: $67.8M | Put options by funds: $104M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$141M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$83.2M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$50.8M |
| 4 |
H
Hexavest
Montreal,
Quebec, Canada
|
+$46.8M |
| 5 |
HCM
Hamlin Capital Management
New York
|
+$32.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$70.8M |
| 2 |
EAM
Edge Asset Management
Seattle,
Washington
|
-$33.8M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$24.5M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$23.4M |
| 5 |
WHRC
W.H. Reaves & Co
Jersey City,
New Jersey
|
-$20.8M |
BCE Hedge Fund Activity: Q4 2013 in Review
407 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in BCE (BCE) for Q4 2013, worth a combined $13.7B — down 33% from $20.5B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new BCE positions and 25 closed out — a net gain of 26 holders — while 162 added to existing stakes and 132 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $141M. The largest seller was Bank of Montreal, cutting an estimated $70.8M.
- 407 institutional investors held BCE (BCE) as of Q4 2013, up from 385 in Q3 2013.
- Funds reported $13.7B of BCE stock for Q4 2013, down 33% quarter-over-quarter.
- 51 funds opened new BCE positions in Q4 2013 and 25 closed out, a net change of +26 holders.
- The largest BCE buyer in Q4 2013 was Fidelity Investments, an estimated $141M added.
- The largest BCE seller in Q4 2013 was Bank of Montreal, an estimated $70.8M sold.
Based on aggregated 13F filings for Q4 2013.