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400 hedge funds and large institutions have $9.22B invested in BCE in 2025 Q3 according to their latest regulatory filings, with 57 funds opening new positions, 141 increasing their positions, 110 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more repeat investments, than reductions

Existing positions increased: 141 | Existing positions reduced: 110

27% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 45

2% more funds holding

Funds holding: 391400 (+9)

5% more capital invested

Capital invested by funds: $8.81B → $9.22B (+$408M)

0% more funds holding in top 10

Funds holding in top 10: 55 (0)

0.33% less ownership

Funds ownership: 42.57%42.24% (-0.33%)

34% less call options, than puts

Call options by funds: $641M | Put options by funds: $977M

Holders
400
Holders Change
+9
Holders Change %
+2.3%
% of All Funds
5.25%
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.07%
New
57
Increased
141
Reduced
110
Closed
45
Calls
$641M
Puts
$977M
Net Calls
-$336M
Net Calls Change
-$64.8M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$1.36B +$53.6M +2,223,917 +4%
Bank of Montreal
2
Bank of Montreal
Ontario, Canada
$848M -$121M -5,012,914 -12%
Fidelity International
3
Fidelity International
Bermuda
$832M +$95.2M +3,951,230 +12%
Caisse de Depot et Placement du Quebec (CDPQ)
4
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$797M +$72.8M +3,024,110 +10%
CIBC World Market
5
CIBC World Market
Ontario, Canada
$490M -$102M -4,235,114 -17%
National Bank of Canada
6
National Bank of Canada
Quebec, Canada
$479M -$74.2M -3,082,563 -13%
Vanguard Group
7
Vanguard Group
Pennsylvania
$405M +$14.7M +608,264 +4%
Arrowstreet Capital
8
Arrowstreet Capital
Massachusetts
$379M +$53.1M +2,206,385 +16%
Bank of Nova Scotia
9
Bank of Nova Scotia
Ontario, Canada
$348M -$45.7M -1,897,980 -11%
FDCDDQ
10
Federation des caisses Desjardins du Quebec
Quebec, Canada
$193M +$17.7M +734,068 +10%
LBA
11
Letko, Brosseau & Associates
Quebec, Canada
$165M +$33.7M +1,397,817 +25%
TD Asset Management
12
TD Asset Management
Ontario, Canada
$161M -$48.9M -2,030,896 -23%
Goldman Sachs
13
Goldman Sachs
New York
$158M +$9.13M +378,918 +6%
Toronto Dominion Bank
14
Toronto Dominion Bank
Ontario, Canada
$157M +$8.75M +363,366 +6%
CCM
15
Cullen Capital Management
New York
$149M +$67.3M +2,792,485 +78%
Bank of America
16
Bank of America
North Carolina
$143M +$32.7M +1,357,400 +28%
Canada Pension Plan Investment Board
17
Canada Pension Plan Investment Board
Ontario, Canada
$125M +$94.9M +3,941,129 +284%
Morgan Stanley
18
Morgan Stanley
New York
$100M -$38.7M -1,607,300 -27%
SC
19
Scotia Capital
Ontario, Canada
$99.1M -$3.57M -148,349 -3%
Manulife (Manufacturers Life Insurance)
20
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$78.1M +$28.8M +1,197,475 +56%
ClearBridge Investments
21
ClearBridge Investments
New York
$75.7M -$1.55M -64,446 -2%
IIM
22
Intact Investment Management
Quebec, Canada
$72.9M -$1.92M -79,660 -2%
Two Sigma Investments
23
Two Sigma Investments
New York
$72.9M -$2.05M -85,127 -3%
CIBC Asset Management
24
CIBC Asset Management
Ontario, Canada
$61.1M -$81.6M -3,386,994 -56%
UBS Group
25
UBS Group
Switzerland
$58.4M -$25.2M -1,044,246 -29%

BCE Hedge Fund Activity: Q3 2025 in Review

400 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in BCE (BCE) for Q3 2025, worth a combined $9.22B — up 4.6% from $8.81B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new BCE positions and 45 closed out — a net gain of 12 holders — while 141 added to existing stakes and 110 trimmed.

The largest buyer was Fidelity International, adding an estimated $95.2M. The largest seller was Bank of Montreal, cutting an estimated $121M.

  • 400 institutional investors held BCE (BCE) as of Q3 2025, up from 391 in Q2 2025.
  • Funds reported $9.22B of BCE stock for Q3 2025, up 4.6% quarter-over-quarter.
  • 57 funds opened new BCE positions in Q3 2025 and 45 closed out, a net change of +12 holders.
  • The largest BCE buyer in Q3 2025 was Fidelity International, an estimated $95.2M added.
  • The largest BCE seller in Q3 2025 was Bank of Montreal, an estimated $121M sold.

Based on aggregated 13F filings for Q3 2025.