Sun Life Financial
421 hedge funds and large institutions have $15B invested in Sun Life Financial in 2024 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 145 increasing their positions, 123 reducing their positions, and 28 closing their positions.
96% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 28
18% more repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 123
6% more funds holding
Funds holding: 398 → 421 (+23)
5% more capital invested
Capital invested by funds: $14.3B → $15B (+$663M)
0.31% less ownership
Funds ownership: 47.05% → 46.74% (-0.31%)
26% less call options, than puts
Call options by funds: $216M | Put options by funds: $292M
30% less funds holding in top 10
Funds holding in top 10: 10 → 7 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$160M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$52.3M |
| 3 |
Goldman Sachs
New York
|
+$48.8M |
| 4 |
Two Sigma Investments
New York
|
+$41.3M |
| 5 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
+$35.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$157M |
| 2 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$131M |
| 3 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$59.7M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$53.1M |
| 5 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$44.2M |
SLF Hedge Fund Activity: Q1 2024 in Review
421 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Sun Life Financial (SLF) for Q1 2024, worth a combined $15B — up 4.6% from $14.3B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new SLF positions and 28 closed out — a net gain of 27 holders — while 145 added to existing stakes and 123 trimmed.
The largest buyer was Toronto Dominion Bank, adding an estimated $160M. The largest seller was Morgan Stanley, cutting an estimated $157M.
- 421 institutional investors held Sun Life Financial (SLF) as of Q1 2024, up from 398 in Q4 2023.
- Funds reported $15B of Sun Life Financial stock for Q1 2024, up 4.6% quarter-over-quarter.
- 55 funds opened new Sun Life Financial positions in Q1 2024 and 28 closed out, a net change of +27 holders.
- The largest Sun Life Financial buyer in Q1 2024 was Toronto Dominion Bank, an estimated $160M added.
- The largest Sun Life Financial seller in Q1 2024 was Morgan Stanley, an estimated $157M sold.
Based on aggregated 13F filings for Q1 2024.