Based on 384 hedge funds · latest filing: 2025 Q4 · updated quarterly
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Buying streak — 2 quarters in a row
For 2 consecutive quarters, more hedge funds added BCE than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
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High ownership — 74% of 3.0Y peak
74% of all-time peak
384 funds currently hold this stock — 74% of the 3.0-year high of 521 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
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Stable — ownership unchanged year-over-year
fund count last 6Q
The number of hedge funds holding BCE is almost the same as a year ago (-13 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
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More sellers than buyers — 47% buying
189 buying215 selling
Last quarter: 215 funds reduced or exited vs 189 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
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More new buyers each quarter (+8 vs last Q)
new funds entering per quarter
Funds opening a new BCE position: 46 → 55 → 58 → 66. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
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70% of holders stayed for 2+ years
■ 70% conviction (2yr+)
■ 17% medium
■ 13% new
270 out of 384 hedge funds have held BCE for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
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Buying through price weakness — shares +3%, value -48%
Last quarter: funds added +3% more shares while total portfolio value only changed -48%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
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Growing discovery — still being found
59 → 46 → 55 → 58 → 66 new funds/Q
New funds entering each quarter: 46 → 55 → 58 → 66. A growing number of institutions are discovering BCE each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
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Deep conviction — 76% of holders stayed 2+ years
■ 76% veterans
■ 8% 1-2yr
■ 16% new
Of 416 current holders: 317 (76%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
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Elite ownership — 41% AUM from top-100 funds
41% from top-100 AUM funds
42 of 384 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in BCE. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 2.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.