Brookfield Renewable
53 hedge funds and large institutions have $890M invested in Brookfield Renewable in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 21 reducing their positions, and 6 closing their positions.
0.45% less ownership
Funds ownership: 48.2% → 47.75% (-0.45%)
3% less capital invested
Capital invested by funds: $915M → $890M (-$24.5M)
2% less funds holding
Funds holding: 54 → 53 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
52% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$35M |
| 2 |
SC
Scotia Capital
Toronto,
Ontario, Canada
|
+$3.18M |
| 3 |
First Manhattan
New York
|
+$2.26M |
| 4 |
Renaissance Technologies
New York
|
+$1.82M |
| 5 |
GCC
Guardian Capital (Canada)
Toronto,
Ontario, Canada
|
+$696K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$14.1M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$9.28M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.57M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$5.4M |
| 5 |
Goldman Sachs
New York
|
-$3.94M |
BEP Hedge Fund Activity: Q4 2013 in Review
53 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Brookfield Renewable (BEP) for Q4 2013, worth a combined $890M — down 2.7% from $915M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of BEP and 5 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 10 added.
The largest buyer was CIBC Asset Management, opening a new position worth an estimated $35M. The largest seller was Bank of Montreal, cutting an estimated $14.1M.
- 53 institutional investors held Brookfield Renewable (BEP) as of Q4 2013, down from 54 in Q3 2013.
- Funds reported $890M of Brookfield Renewable stock for Q4 2013, down 2.7% quarter-over-quarter.
- 5 funds opened new Brookfield Renewable positions in Q4 2013 and 6 closed out, a net change of -1 holder.
- The largest Brookfield Renewable buyer in Q4 2013 was CIBC Asset Management, an estimated $35M added.
- The largest Brookfield Renewable seller in Q4 2013 was Bank of Montreal, an estimated $14.1M sold.
Based on aggregated 13F filings for Q4 2013.