CGI
250 hedge funds and large institutions have $7.61B invested in CGI in 2020 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 91 increasing their positions, 99 reducing their positions, and 47 closing their positions.
8% less repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 99
5.01% less ownership
Funds ownership: 63.36% → 58.34% (-5%)
9% less funds holding
Funds holding: 276 → 250 (-26)
40% less capital invested
Capital invested by funds: $12.8B → $7.61B (-$5.16B)
44% less funds holding in top 10
Funds holding in top 10: 9 → 5 (-4)
49% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 47
91% less call options, than puts
Call options by funds: $642K | Put options by funds: $7.18M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$127M |
| 2 |
Goldman Sachs
New York
|
+$38M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$33.5M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$32.8M |
| 5 |
Renaissance Technologies
New York
|
+$32.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$436M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$217M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$143M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$99M |
| 5 |
QI
QV Investors
Calgary,
Alberta, Canada
|
-$83.7M |
GIB Hedge Fund Activity: Q1 2020 in Review
250 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in CGI (GIB) for Q1 2020, worth a combined $7.61B — down 40% from $12.8B a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of GIB and 24 opened new positions — a net loss of 23 holders — while 99 trimmed existing stakes and 91 added.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $127M. The largest seller was Caisse de Depot et Placement du Quebec (CDPQ), cutting an estimated $436M.
- 250 institutional investors held CGI (GIB) as of Q1 2020, down from 276 in Q4 2019.
- Funds reported $7.61B of CGI stock for Q1 2020, down 40% quarter-over-quarter.
- 24 funds opened new CGI positions in Q1 2020 and 47 closed out, a net change of -23 holders.
- The largest CGI buyer in Q1 2020 was Manulife (Manufacturers Life Insurance), an estimated $127M added.
- The largest CGI seller in Q1 2020 was Caisse de Depot et Placement du Quebec (CDPQ), an estimated $436M sold.
Based on aggregated 13F filings for Q1 2020.