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.
87 hedge funds and large institutions have $1.44B 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 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 18 increasing their positions, 35 reducing their positions, and 6 closing their positions.
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
6% more funds holding
Funds holding: 82 → 87 (+5)
5% more capital invested
Capital invested by funds: $1.37B → $1.44B (+$68.5M)
49% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$22M |
| 2 |
CAM
Camden Asset Management
Los Angeles,
California
|
+$20.6M |
| 3 |
Bank of New York Mellon
New York
|
+$15.9M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.63M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$1.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$55.6M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$5.07M |
| 3 |
EHC
Everett Harris & Co
Los Angeles,
California
|
-$4.11M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$2.93M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$2.37M |
BDXB Hedge Fund Activity: Q4 2022 in Review
87 of the 6,237 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 Q4 2022, worth a combined $1.44B — up 5% from $1.37B a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BDXB positions and 6 closed out — a net gain of 7 holders — while 18 added to existing stakes and 35 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $22M. The largest seller was BlackRock, cutting an estimated $55.6M.
- 87 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 Q4 2022, up from 82 in Q3 2022.
- Funds reported $1.44B 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 Q4 2022, up 5% quarter-over-quarter.
- 13 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 Q4 2022 and 6 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 Q4 2022 was Morgan Stanley, an estimated $22M 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 Q4 2022 was BlackRock, an estimated $55.6M sold.
Based on aggregated 13F filings for Q4 2022.