Scotiabank
BNS
305 hedge funds and large institutions have $35.3B invested in Scotiabank in 2014 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 108 increasing their positions, 100 reducing their positions, and 25 closing their positions.
68% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 25
18% more call options, than puts
Call options by funds: $154M | Put options by funds: $131M
6% more funds holding
Funds holding: 289 → 305 (+16)
3% more funds holding in top 10
Funds holding in top 10: 40 → 41 (+1)
8% more repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 100
0.6% less ownership
Funds ownership: 54.37% → 53.77% (-0.6%)
8% less capital invested
Capital invested by funds: $38.3B → $35.3B (-$2.93B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$185M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$121M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$114M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$45M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$43.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$279M |
| 2 |
Capital International Investors
Los Angeles,
California
|
-$86.4M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$85.3M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$71.4M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$62.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
326
Parallax Volatility Advisers
San Francisco,
California
| – | -$69.3K | -1,294 | Closed |
|
|
AP
327
Advisors Preferred
Rockville,
Maryland
| – | -$27K | -476 | Closed |
|
|
PCM
328
Prelude Capital Management
New York
| – | -$19K | -323 | Closed |
|
|
ARMC
329
American Research & Management Company
Marion,
Massachusetts
| – | -$18K | -311 | Closed |
|
|
BC
330
Bartlett & Co
Cincinnati,
Ohio
| – | -$6K | -108 | Closed |
|
BNS Hedge Fund Activity: Q1 2014 in Review
305 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Scotiabank (BNS) for Q1 2014, worth a combined $35.3B — down 7.7% from $38.3B a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new BNS positions and 25 closed out — a net gain of 17 holders — while 108 added to existing stakes and 100 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $185M. The largest seller was Fidelity Investments, cutting an estimated $279M.
- 305 institutional investors held Scotiabank (BNS) as of Q1 2014, up from 289 in Q4 2013.
- Funds reported $35.3B of Scotiabank stock for Q1 2014, down 7.7% quarter-over-quarter.
- 42 funds opened new Scotiabank positions in Q1 2014 and 25 closed out, a net change of +17 holders.
- The largest Scotiabank buyer in Q1 2014 was Wellington Management Group, an estimated $185M added.
- The largest Scotiabank seller in Q1 2014 was Fidelity Investments, an estimated $279M sold.
Based on aggregated 13F filings for Q1 2014.