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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.

New
Increased
Maintained
Reduced
Closed

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: 1822 (+4)

4% more funds holding

Funds holding: 407424 (+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

Holders
424
Holders Change
+17
Holders Change %
+4.18%
% of All Funds
12.25%
Holding in Top 10
22
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+22.22%
% of All Funds
0.64%
New
45
Increased
175
Reduced
143
Closed
24
Calls
$70.4M
Puts
$79.2M
Net Calls
-$8.8M
Net Calls Change
+$27M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$2.61B +$9.14M +214,832 +0.4%
Bank of Montreal
2
Bank of Montreal
Ontario, Canada
$1.37B +$78.6M +1,846,078 +6%
TD Asset Management
3
TD Asset Management
Ontario, Canada
$701M +$5.99M +140,748 +0.9%
Toronto Dominion Bank
4
Toronto Dominion Bank
Ontario, Canada
$649M -$3.47M -81,539 -0.5%
CIBC World Market
5
CIBC World Market
Ontario, Canada
$593M -$715K -16,797 -0.1%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$445M +$18.8M +441,680 +4%
CIBC Asset Management
7
CIBC Asset Management
Ontario, Canada
$439M -$4.15M -97,496 -0.9%
IGIM
8
I.G. Investment Management
Manitoba, Canada
$407M +$6.79M +159,610 +2%
1832 Asset Management
9
1832 Asset Management
Ontario, Canada
$386M +$78.5M +1,844,937 +26%
LBA
10
Letko, Brosseau & Associates
Quebec, Canada
$368M -$4.1M -96,412 -1%
Bank of America
11
Bank of America
North Carolina
$335M -$2.95M -69,341 -0.9%
Franklin Resources
12
Franklin Resources
California
$309M -$13.2M -309,786 -4%
IC
13
Institutional Capital
Illinois
$302M -$672K -15,785 -0.2%
Deutsche Bank
14
Deutsche Bank
Germany
$256M +$11.6M +271,448 +5%
SCCM
15
Schafer Cullen Capital Management
New York
$217M +$48.1M +1,130,249 +29%
Bank of Nova Scotia
16
Bank of Nova Scotia
Ontario, Canada
$206M +$1.27M +29,915 +0.6%
Canada Life
17
Canada Life
Manitoba, Canada
$196M -$18.9M -443,878 -9%
SC
18
Scotia Capital
Ontario, Canada
$139M +$4.71M +110,693 +4%
Public Sector Pension Investment Board (PSP Investments)
19
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$135M +$1.32M +30,900 +1%
Renaissance Technologies
20
Renaissance Technologies
New York
$130M +$45.9M +1,077,851 +56%
Mackenzie Financial
21
Mackenzie Financial
Ontario, Canada
$128M -$15.2M -357,129 -11%
MIP
22
Mondrian Investment Partners
United Kingdom
$126M +$536K +12,600 +0.5%
IIM
23
Intact Investment Management
Quebec, Canada
$126M +$10.5M +246,400 +10%
MAA
24
Managed Account Advisors
New Jersey
$120M +$16.6M +389,757 +16%
Morgan Stanley
25
Morgan Stanley
New York
$115M -$5.73M -134,627 -5%

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.