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434 hedge funds and large institutions have $17.8B invested in BCE in 2016 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 161 increasing their positions, 171 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 40

20% more capital invested

Capital invested by funds: $14.8B → $17.8B (+$2.96B)

14% more funds holding in top 10

Funds holding in top 10: 2225 (+3)

1% more funds holding

Funds holding: 428434 (+6)

0.4% more ownership

Funds ownership: 43.72%44.12% (+0.4%)

6% less repeat investments, than reductions

Existing positions increased: 161 | Existing positions reduced: 171

57% less call options, than puts

Call options by funds: $90.1M | Put options by funds: $208M

Holders
434
Holders Change
+6
Holders Change %
+1.4%
% of All Funds
11.56%
Holding in Top 10
25
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+13.64%
% of All Funds
0.67%
New
50
Increased
161
Reduced
171
Closed
40
Calls
$90.1M
Puts
$208M
Net Calls
-$117M
Net Calls Change
-$18.6M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$3.1B +$24.9M +595,788 +0.9%
Bank of Montreal
2
Bank of Montreal
Ontario, Canada
$1.52B +$48.8M +1,169,679 +4%
TD Asset Management
3
TD Asset Management
Ontario, Canada
$849M +$7.78M +186,392 +1%
CIBC World Market
4
CIBC World Market
Ontario, Canada
$695M +$5.63M +134,775 +0.9%
1832 Asset Management
5
1832 Asset Management
Ontario, Canada
$659M +$13.3M +318,919 +3%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$563M +$3.92M +93,906 +0.8%
Fidelity Investments
7
Fidelity Investments
Massachusetts
$548M +$168M +4,025,222 +50%
CIBC Asset Management
8
CIBC Asset Management
Ontario, Canada
$476M -$38.1M -913,520 -8%
Toronto Dominion Bank
9
Toronto Dominion Bank
Ontario, Canada
$407M -$14.6M -348,738 -4%
Capital Research Global Investors
10
Capital Research Global Investors
California
$402M +$5.42M +129,800 +1%
IGIM
11
I.G. Investment Management
Manitoba, Canada
$370M -$11.2M -268,288 -3%
Canada Life
12
Canada Life
Manitoba, Canada
$353M +$23.4M +560,511 +8%
Deutsche Bank
13
Deutsche Bank
Germany
$330M -$2.76M -66,016 -0.9%
Franklin Resources
14
Franklin Resources
California
$303M -$1.05M -25,208 -0.4%
LBA
15
Letko, Brosseau & Associates
Quebec, Canada
$293M -$1.98M -47,440 -0.7%
Vanguard Group
16
Vanguard Group
Pennsylvania
$237M +$33.3M +797,804 +18%
Federated Hermes
17
Federated Hermes
Pennsylvania
$234M +$30.4M +727,833 +16%
Bank of Nova Scotia
18
Bank of Nova Scotia
Ontario, Canada
$233M -$17.9M -427,723 -8%
Connor, Clark & Lunn Investment Management (CC&L)
19
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$223M +$44.1M +1,055,320 +28%
Manulife (Manufacturers Life Insurance)
20
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$220M -$13.7M -329,114 -6%
SCCM
21
Schafer Cullen Capital Management
New York
$217M +$4.65M +111,300 +2%
Acadian Asset Management
22
Acadian Asset Management
Massachusetts
$206M +$60.4M +1,447,633 +47%
Bank of America
23
Bank of America
North Carolina
$197M +$17.7M +424,263 +11%
T
24
Thomaspartners
Massachusetts
$180M +$6.19M +148,338 +4%
Ameriprise
25
Ameriprise
Minnesota
$169M +$755K +18,085 +0.5%

BCE Hedge Fund Activity: Q1 2016 in Review

434 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in BCE (BCE) for Q1 2016, worth a combined $17.8B — up 20% from $14.8B a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new BCE positions and 40 closed out — a net gain of 10 holders — while 161 added to existing stakes and 171 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $168M. The largest seller was Mackenzie Financial, exiting entirely with an estimated $71.7M sold.

  • 434 institutional investors held BCE (BCE) as of Q1 2016, up from 428 in Q4 2015.
  • Funds reported $17.8B of BCE stock for Q1 2016, up 20% quarter-over-quarter.
  • 50 funds opened new BCE positions in Q1 2016 and 40 closed out, a net change of +10 holders.
  • The largest BCE buyer in Q1 2016 was Fidelity Investments, an estimated $168M added.
  • The largest BCE seller in Q1 2016 was Mackenzie Financial, an estimated $71.7M sold.

Based on aggregated 13F filings for Q1 2016.