CGI
306 hedge funds and large institutions have $12.8B invested in CGI in 2023 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 118 increasing their positions, 106 reducing their positions, and 19 closing their positions.
396% more call options, than puts
Call options by funds: $31.5M | Put options by funds: $6.36M
100% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 19
14% more funds holding in top 10
Funds holding in top 10: 14 → 16 (+2)
11% more repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 106
10% more capital invested
Capital invested by funds: $11.6B → $12.8B (+$1.17B)
7% more funds holding
Funds holding: 287 → 306 (+19)
0.97% more ownership
Funds ownership: 56.81% → 57.78% (+0.97%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$71.5M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$48.7M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$47.2M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$44.3M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$31.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$113M |
| 2 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
-$99.3M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$36.1M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$31.9M |
| 5 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$28.3M |
GIB Hedge Fund Activity: Q2 2023 in Review
306 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in CGI (GIB) for Q2 2023, worth a combined $12.8B — up 10% from $11.6B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new GIB positions and 19 closed out — a net gain of 19 holders — while 118 added to existing stakes and 106 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $71.5M. The largest seller was Fidelity International, cutting an estimated $113M.
- 306 institutional investors held CGI (GIB) as of Q2 2023, up from 287 in Q1 2023.
- Funds reported $12.8B of CGI stock for Q2 2023, up 10% quarter-over-quarter.
- 38 funds opened new CGI positions in Q2 2023 and 19 closed out, a net change of +19 holders.
- The largest CGI buyer in Q2 2023 was Arrowstreet Capital, an estimated $71.5M added.
- The largest CGI seller in Q2 2023 was Fidelity International, an estimated $113M sold.
Based on aggregated 13F filings for Q2 2023.