Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B
BDXB
BDXB was delisted on the 31st of May, 2023.
82 hedge funds and large institutions have $1.38B invested in Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B in 2022 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 25 reducing their positions, and 17 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 25
8% less funds holding
Funds holding: 89 → 82 (-7)
8% less capital invested
Capital invested by funds: $1.5B → $1.38B (-$123M)
41% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$14.6M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
+$8.08M |
| 3 |
CCM
Chicago Capital Management
Chicago,
Illinois
|
+$6.28M |
| 4 |
State Street
Boston,
Massachusetts
|
+$3.94M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$3.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$195M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$23.2M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$21.1M |
| 4 |
NI
Nuance Investments
Kansas City,
Missouri
|
-$13.8M |
| 5 |
Jane Street
New York
|
-$6.23M |
BDXB Hedge Fund Activity: Q3 2022 in Review
82 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B (BDXB) for Q3 2022, worth a combined $1.38B — down 8.2% from $1.5B a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of BDXB and 10 opened new positions — a net loss of 7 holders — while 25 trimmed existing stakes and 24 added.
The largest buyer was Neuberger Berman Group, opening a new position worth an estimated $14.6M. The largest seller was T. Rowe Price Associates, exiting entirely with an estimated $195M sold.
- 82 institutional investors held Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B (BDXB) as of Q3 2022, down from 89 in Q2 2022.
- Funds reported $1.38B of Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B stock for Q3 2022, down 8.2% quarter-over-quarter.
- 10 funds opened new Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B positions in Q3 2022 and 17 closed out, a net change of -7 holders.
- The largest Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B buyer in Q3 2022 was Neuberger Berman Group, an estimated $14.6M added.
- The largest Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B seller in Q3 2022 was T. Rowe Price Associates, an estimated $195M sold.
Based on aggregated 13F filings for Q3 2022.