BCE
447 hedge funds and large institutions have $16B invested in BCE in 2014 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 191 increasing their positions, 126 reducing their positions, and 35 closing their positions.
52% more repeat investments, than reductions
Existing positions increased: 191 | Existing positions reduced: 126
46% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 35
11% more capital invested
Capital invested by funds: $14.5B → $16B (+$1.53B)
5% more funds holding in top 10
Funds holding in top 10: 20 → 21 (+1)
2% more funds holding
Funds holding: 437 → 447 (+10)
2.03% less ownership
Funds ownership: 43.36% → 41.34% (-2%)
26% less call options, than puts
Call options by funds: $139M | Put options by funds: $187M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$253M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$158M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$72.9M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$71M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$66.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$127M |
| 2 |
WIC
Water Island Capital
New York
|
-$70.7M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$70.1M |
| 4 |
H
Hexavest
Montreal,
Quebec, Canada
|
-$58.8M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$51.3M |
BCE Hedge Fund Activity: Q4 2014 in Review
447 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in BCE (BCE) for Q4 2014, worth a combined $16B — up 11% from $14.5B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new BCE positions and 35 closed out — a net gain of 16 holders — while 191 added to existing stakes and 126 trimmed.
The largest buyer was Capital Research Global Investors, opening a new position worth an estimated $253M. The largest seller was Franklin Resources, cutting an estimated $127M.
- 447 institutional investors held BCE (BCE) as of Q4 2014, up from 437 in Q3 2014.
- Funds reported $16B of BCE stock for Q4 2014, up 11% quarter-over-quarter.
- 51 funds opened new BCE positions in Q4 2014 and 35 closed out, a net change of +16 holders.
- The largest BCE buyer in Q4 2014 was Capital Research Global Investors, an estimated $253M added.
- The largest BCE seller in Q4 2014 was Franklin Resources, an estimated $127M sold.
Based on aggregated 13F filings for Q4 2014.