Bellatrix Exploration Ltd.
BXE
BXE was delisted on the 11th of February, 2019.
90 hedge funds and large institutions have $510M invested in Bellatrix Exploration Ltd. in 2014 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 31 increasing their positions, 38 reducing their positions, and 22 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
13% less funds holding
Funds holding: 104 → 90 (-14)
18% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 38
21% less capital invested
Capital invested by funds: $648M → $510M (-$138M)
43% less call options, than puts
Call options by funds: $128K | Put options by funds: $225K
64% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OC
Orange Capital
Manhasset,
New York
|
+$133M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$26.3M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$12.7M |
| 4 |
Ninety One (UK)
London,
United Kingdom
|
+$11.6M |
| 5 |
MCM
Mast Capital Management
Boston,
Massachusetts
|
+$9.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$32.1M |
| 2 |
GP
GLG Partners
London,
United Kingdom
|
-$18M |
| 3 |
AII
AGF Investments Inc
Toronto,
Ontario, Canada
|
-$12.7M |
| 4 |
Two Sigma Investments
New York
|
-$11.2M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$10.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RFC
101
Russell Frank Company
Seattle,
Washington
| – | -$1.28M | -34,675 | Closed |
|
|
EI
102
EAM Investors
Solana Beach,
California
| – | -$678K | -15,600 | Closed |
|
|
HCM
103
Highbridge Capital Management
New York
| – | -$620K | -14,240 | Closed |
|
|
AIM
104
Acuity Investment Management
Toronto,
Ontario, Canada
| – | -$455K | -10,480 | Closed |
|
|
BMO
105
Beck Mack & Oliver
New York
| – | -$218K | -5,000 | Closed |
|
|
CM
106
CoreCommodity Management
Stamford,
Connecticut
| – | -$170K | -3,929 | Closed |
|
|
PAMP
107
Polar Asset Management Partners
Toronto,
Ontario, Canada
| – | -$97K | -2,240 | Closed |
|
|
ST
108
Spot Trading
Chicago,
Illinois
| – | -$95K | -2,180 | Closed |
|
|
SCM
109
Stevens Capital Management
Radnor,
Pennsylvania
| – | -$91K | -2,097 | Closed |
|
110
Zurich Cantonal Bank
Zurich,
Switzerland
| – | -$27K | -780 | Closed |
|
BXE Hedge Fund Activity: Q3 2014 in Review
90 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Bellatrix Exploration Ltd. (BXE) for Q3 2014, worth a combined $510M — down 21% from $648M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of BXE and 8 opened new positions — a net loss of 14 holders — while 38 trimmed existing stakes and 31 added.
The largest buyer was Orange Capital, opening a new position worth an estimated $133M. The largest seller was Connor, Clark & Lunn Investment Management (CC&L), exiting entirely with an estimated $32.1M sold.
- 90 institutional investors held Bellatrix Exploration Ltd. (BXE) as of Q3 2014, down from 104 in Q2 2014.
- Funds reported $510M of Bellatrix Exploration Ltd. stock for Q3 2014, down 21% quarter-over-quarter.
- 8 funds opened new Bellatrix Exploration Ltd. positions in Q3 2014 and 22 closed out, a net change of -14 holders.
- The largest Bellatrix Exploration Ltd. buyer in Q3 2014 was Orange Capital, an estimated $133M added.
- The largest Bellatrix Exploration Ltd. seller in Q3 2014 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $32.1M sold.
Based on aggregated 13F filings for Q3 2014.