Scotiabank
BNS
319 hedge funds and large institutions have $37.1B invested in Scotiabank in 2014 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 106 increasing their positions, 114 reducing their positions, and 18 closing their positions.
117% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 18
6% more funds holding
Funds holding: 300 → 319 (+19)
0% more funds holding in top 10
Funds holding in top 10: 40 → 40 (0)
5% less call options, than puts
Call options by funds: $126M | Put options by funds: $132M
7% less repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 114
2.23% less ownership
Funds ownership: 54.79% → 52.56% (-2.2%)
11% less capital invested
Capital invested by funds: $41.7B → $37.1B (-$4.69B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMIC
Cardinal Capital Management Inc (Canada)
Winnipeg,
Manitoba, Canada
|
+$91.6M |
| 2 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
+$89.4M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$69M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$60.9M |
| 5 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
+$58.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$637M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$468M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$414M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$255M |
| 5 |
SRAIM
Scheer Rowlett & Associates Investment Management
Toronto,
Ontario, Canada
|
-$58.5M |
BNS Hedge Fund Activity: Q3 2014 in Review
319 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Scotiabank (BNS) for Q3 2014, worth a combined $37.1B — down 11% from $41.7B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new BNS positions and 18 closed out — a net gain of 21 holders — while 106 added to existing stakes and 114 trimmed.
The largest buyer was Cardinal Capital Management Inc (Canada), adding an estimated $91.6M. The largest seller was Norges Bank, cutting an estimated $637M.
- 319 institutional investors held Scotiabank (BNS) as of Q3 2014, up from 300 in Q2 2014.
- Funds reported $37.1B of Scotiabank stock for Q3 2014, down 11% quarter-over-quarter.
- 39 funds opened new Scotiabank positions in Q3 2014 and 18 closed out, a net change of +21 holders.
- The largest Scotiabank buyer in Q3 2014 was Cardinal Capital Management Inc (Canada), an estimated $91.6M added.
- The largest Scotiabank seller in Q3 2014 was Norges Bank, an estimated $637M sold.
Based on aggregated 13F filings for Q3 2014.