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.
85 hedge funds and large institutions have $1.66B 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 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 24 increasing their positions, 29 reducing their positions, and 8 closing their positions.
100% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 8
10% more funds holding
Funds holding: 77 → 85 (+8)
2% less capital invested
Capital invested by funds: $1.69B → $1.66B (-$28.1M)
17% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$122M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$10.5M |
| 3 |
Bank of New York Mellon
New York
|
+$10.1M |
| 4 |
SIM
SSI Investment Management
Los Angeles,
California
|
+$9.97M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$5.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Nuance Investments
Kansas City,
Missouri
|
-$139M |
| 2 |
ACM
Advent Capital Management
New York
|
-$12.6M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$10.1M |
| 4 |
MP
MSD Partners
New York
|
-$9.91M |
| 5 |
BlackRock
New York
|
-$9.25M |
BDXB Hedge Fund Activity: Q1 2022 in Review
85 of the 6,341 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 Q1 2022, worth a combined $1.66B — down 1.7% from $1.69B a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new BDXB positions and 8 closed out — a net gain of 8 holders — while 24 added to existing stakes and 29 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), opening a new position worth an estimated $122M. The largest seller was Nuance Investments, cutting an estimated $139M.
- 85 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 Q1 2022, up from 77 in Q4 2021.
- Funds reported $1.66B 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 Q1 2022, down 1.7% quarter-over-quarter.
- 16 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 Q1 2022 and 8 closed out, a net change of +8 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 Q1 2022 was Manulife (Manufacturers Life Insurance), an estimated $122M 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 Q1 2022 was Nuance Investments, an estimated $139M sold.
Based on aggregated 13F filings for Q1 2022.