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.
89 hedge funds and large institutions have $1.5B 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 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 27 increasing their positions, 27 reducing their positions, and 10 closing their positions.
50% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 10
5% more funds holding
Funds holding: 85 → 89 (+4)
0% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 27
9% less capital invested
Capital invested by funds: $1.66B → $1.5B (-$158M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$29.9M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$23.5M |
| 3 |
P8IP
Pier 88 Investment Partners
San Francisco,
California
|
+$21M |
| 4 |
Jane Street
New York
|
+$11.3M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$5.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Nuance Investments
Kansas City,
Missouri
|
-$60.3M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$37.2M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
-$15.6M |
| 4 |
Neuberger Berman Group
New York
|
-$14.8M |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
-$13.1M |
BDXB Hedge Fund Activity: Q2 2022 in Review
89 of the 5,937 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 Q2 2022, worth a combined $1.5B — down 9.5% from $1.66B a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BDXB positions and 10 closed out — a net gain of 5 holders — while 27 added to existing stakes and 27 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $29.9M. The largest seller was Nuance Investments, cutting an estimated $60.3M.
- 89 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 Q2 2022, up from 85 in Q1 2022.
- Funds reported $1.5B 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 Q2 2022, down 9.5% quarter-over-quarter.
- 15 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 Q2 2022 and 10 closed out, a net change of +5 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 Q2 2022 was T. Rowe Price Associates, an estimated $29.9M 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 Q2 2022 was Nuance Investments, an estimated $60.3M sold.
Based on aggregated 13F filings for Q2 2022.