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391 hedge funds and large institutions have $8.81B invested in BCE in 2025 Q2 according to their latest regulatory filings, with 56 funds opening new positions, 123 increasing their positions, 141 reducing their positions, and 60 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more funds holding in top 10

Funds holding in top 10: 45 (+1)

0.72% less ownership

Funds ownership: 43.29%42.57% (-0.72%)

4% less capital invested

Capital invested by funds: $9.17B → $8.81B (-$362M)

7% less first-time investments, than exits

New positions opened: 56 | Existing positions closed: 60

2% less funds holding

Funds holding: 401391 (-10)

13% less repeat investments, than reductions

Existing positions increased: 123 | Existing positions reduced: 141

34% less call options, than puts

Call options by funds: $527M | Put options by funds: $798M

Holders
391
Holders Change
-10
Holders Change %
-2.49%
% of All Funds
5.15%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.07%
New
56
Increased
123
Reduced
141
Closed
60
Calls
$527M
Puts
$798M
Net Calls
-$271M
Net Calls Change
+$159M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$1.24B +$3.43M +156,612 +0.3%
Bank of Montreal
2
Bank of Montreal
Ontario, Canada
$917M +$21.4M +979,549 +2%
Fidelity International
3
Fidelity International
Bermuda
$702M +$127M +5,787,765 +22%
Caisse de Depot et Placement du Quebec (CDPQ)
4
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$688M +$128M +5,833,896 +23%
CIBC World Market
5
CIBC World Market
Ontario, Canada
$559M -$23.6M -1,076,727 -4%
National Bank of Canada
6
National Bank of Canada
Quebec, Canada
$523M +$42M +1,921,000 +9%
Bank of Nova Scotia
7
Bank of Nova Scotia
Ontario, Canada
$372M -$35.9M -1,640,322 -9%
Vanguard Group
8
Vanguard Group
Pennsylvania
$371M +$13.3M +609,727 +4%
Arrowstreet Capital
9
Arrowstreet Capital
Massachusetts
$311M +$153M +6,981,281 +99%
TD Asset Management
10
TD Asset Management
Ontario, Canada
$197M -$5.99M -274,067 -3%
FDCDDQ
11
Federation des caisses Desjardins du Quebec
Quebec, Canada
$166M -$68.9M -3,150,236 -30%
Toronto Dominion Bank
12
Toronto Dominion Bank
Ontario, Canada
$141M -$9.74M -445,184 -7%
Goldman Sachs
13
Goldman Sachs
New York
$141M -$116M -5,306,107 -45%
CIBC Asset Management
14
CIBC Asset Management
Ontario, Canada
$133M +$26.1M +1,192,504 +25%
Morgan Stanley
15
Morgan Stanley
New York
$131M +$46.3M +2,117,405 +56%
LBA
16
Letko, Brosseau & Associates
Quebec, Canada
$125M +$9.75M +445,680 +9%
Bank of America
17
Bank of America
North Carolina
$106M -$27.2M -1,243,733 -21%
SC
18
Scotia Capital
Ontario, Canada
$97.2M -$6.41M -293,009 -6%
Norges Bank
19
Norges Bank
Norway
$81.3M -$932K -42,596 -1%
CCM
20
Cullen Capital Management
New York
$79.8M -$56.1M -2,562,549 -42%
UBS Group
21
UBS Group
Switzerland
$78.5M -$16.2M -741,691 -17%
First Trust Advisors
22
First Trust Advisors
Illinois
$74.2M -$31.7M -1,447,820 -30%
ClearBridge Investments
23
ClearBridge Investments
New York
$73.2M -$3.87M -177,041 -5%
Two Sigma Investments
24
Two Sigma Investments
New York
$71M +$65.9M +3,013,688 +1,614%
IIM
25
Intact Investment Management
Quebec, Canada
$71M +$18.1M +825,280 +35%

BCE Hedge Fund Activity: Q2 2025 in Review

391 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in BCE (BCE) for Q2 2025, worth a combined $8.81B — down 3.9% from $9.17B a quarter earlier.

Sellers outnumbered buyers: 60 funds closed out of BCE and 56 opened new positions — a net loss of 4 holders — while 141 trimmed existing stakes and 123 added.

The largest buyer was Arrowstreet Capital, adding an estimated $153M. The largest seller was Canada Pension Plan Investment Board, cutting an estimated $280M.

  • 391 institutional investors held BCE (BCE) as of Q2 2025, down from 401 in Q1 2025.
  • Funds reported $8.81B of BCE stock for Q2 2025, down 3.9% quarter-over-quarter.
  • 56 funds opened new BCE positions in Q2 2025 and 60 closed out, a net change of -4 holders.
  • The largest BCE buyer in Q2 2025 was Arrowstreet Capital, an estimated $153M added.
  • The largest BCE seller in Q2 2025 was Canada Pension Plan Investment Board, an estimated $280M sold.

Based on aggregated 13F filings for Q2 2025.