CI Financial Corp.
CIXX
CIXX was delisted on the 19th of January, 2023.
13 hedge funds and large institutions have $27.9M invested in CI Financial Corp. in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 4 reducing their positions, and 92 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 4
88% less funds holding
Funds holding: 104 → 13 (-91)
96% less capital invested
Capital invested by funds: $671M → $27.9M (-$643M)
98% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 92
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
+$8.16M |
| 2 |
NEI
Northwest & Ethical Investments
Toronto,
Ontario, Canada
|
+$5.43M |
| 3 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
+$324K |
| 4 |
GIS
Grayhawk Investment Strategies
Calgary,
Alberta, Canada
|
+$20.1K |
| 5 |
CAM
ClariVest Asset Management
San Diego,
California
|
+$3.39K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$85.9M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$63.7M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$63.1M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$41.3M |
| 5 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$30.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$2K | -224 | Closed |
|
|
EWA
102
EverSource Wealth Advisors
Birmingham,
Alabama
| – | -$519 | -52 | Closed |
|
|
TWA
103
TCI Wealth Advisors
Tucson,
Arizona
| – | -$299 | -30 | Closed |
|
|
TRCT
104
Tower Research Capital (TRC)
New York
| – | +$361 | +33 | New |
|
CIXX Hedge Fund Activity: Q1 2023 in Review
13 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in CI Financial Corp. (CIXX) for Q1 2023, worth a combined $27.9M — down 96% from $671M a quarter earlier.
Sellers outnumbered buyers: 92 funds closed out of CIXX and 2 opened new positions — a net loss of 90 holders — while 4 trimmed existing stakes and 5 added.
The largest buyer was Barclays, adding an estimated $8.16M. The largest seller was Royal Bank of Canada, exiting entirely with an estimated $85.9M sold.
- 13 institutional investors held CI Financial Corp. (CIXX) as of Q1 2023, down from 104 in Q4 2022.
- Funds reported $27.9M of CI Financial Corp. stock for Q1 2023, down 96% quarter-over-quarter.
- 2 funds opened new CI Financial Corp. positions in Q1 2023 and 92 closed out, a net change of -90 holders.
- The largest CI Financial Corp. buyer in Q1 2023 was Barclays, an estimated $8.16M added.
- The largest CI Financial Corp. seller in Q1 2023 was Royal Bank of Canada, an estimated $85.9M sold.
Based on aggregated 13F filings for Q1 2023.