Vault-13

BCE INC BCE

COM NEW · Common Stock · CUSIP 05534B760 · ISIN CA05534B7604

Bell Canada Enterprises

573 institutional holders
389,144,418389.1m shares reported held*
42.7% of all shares outstanding*
$16.5bnreported value*

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($534.6m this quarter). Holder counts are more reliable. Shares outstanding: 912.0m as of 2022-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $42.53. Options: 13 managers hold calls ($154.3m notional), 8 hold puts ($394.6m).

Biggest calls

BANK OF AMERICA CORP /DE/ — $46.1m1.1m shares
Polar Asset Management Partners Inc. — $27.0m640.0k shares
SIG North Trading, ULC — $16.8m397.5k shares
ROYAL BANK OF CANADA — $16.6m395.0k shares
D. E. Shaw & Co., Inc. — $12.1m290.0k shares
CITIGROUP INC — $10.5m250.0k shares
HSBC HOLDINGS PLC — $8.3m195.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP — $7.0m166.9k shares
CIBC WORLD MARKET INC. — $4.2m100.0k shares
CITADEL ADVISORS LLC — $3.2m75.4k shares

Biggest puts

ROYAL BANK OF CANADA — $215.8m5.1m shares
CIBC WORLD MARKET INC. — $99.9m2.4m shares
SIG North Trading, ULC — $37.9m898.2k shares
GOLDMAN SACHS GROUP INC — $24.3m580.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP — $7.1m168.9k shares
CITADEL ADVISORS LLC — $5.8m137.6k shares
PEAK6 Investments LLC — $2.2m52.0k shares
WOLVERINE TRADING, LLC — $1.7m38.7k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q3 2022

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q3 2022.

Holders, Q3 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 1.08% of their portfolio TORONTO, A6 77,450,09877.5m $3.2bn $3.2bn 1.08% —
2 BANK OF MONTREAL /CAN/ 0.61% of their portfolio TORONTO, A6 28,754,95828.8m $1.3bn $1.3bn 0.61% —
3 Capital Research Global Investors 0.23% of their portfolio Los Angeles, CA 16,664,43216.7m $698.7m $698.7m 0.23% —
4 BANK OF NOVA SCOTIA 1.82% of their portfolio TORONTO, A6 13,647,47213.6m $572.3m $572.3m 1.82% —
5 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 13,200,27313.2m $553.6m $553.6m 0.02% —
6 CIBC WORLD MARKET INC. 2.28% of their portfolio TORONTO, A6 12,674,28412.7m $530.9m $530.9m 2.28% —
7 Caisse de depot et placement du Quebec 1.54% of their portfolio Montreal, A8 12,532,90012.5m $528.3m $528.3m 1.54% —
8 1832 Asset Management L.P. 1.05% of their portfolio TORONTO, A6 11,804,50411.8m $495.1m $495.1m 1.05% —
9 DEUTSCHE BANK AG\ 0.30% of their portfolio FRANKFURT AM MAIN, 2M 11,735,02811.7m $492.2m $492.2m 0.30% —
10 FIL Ltd 0.62% of their portfolio HAMILTON, D0 11,522,68811.5m $483.1m $483.1m 0.62% —
11 TD Asset Management Inc 0.60% of their portfolio Toronto, A6 11,118,63211.1m $475.9m $475.9m 0.60% —
12 TORONTO DOMINION BANK 0.84% of their portfolio TORONTO, ONTARIO, A6 10,224,42910.2m $469.9m $469.9m 0.84% —
13 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.13% of their portfolio SAN FRANCISCO, CA 8,942,0218.9m $375.0m $375.0m 0.13% —
14 FRANKLIN RESOURCES INC 0.20% of their portfolio San Mateo, CA 8,926,0888.9m $373.8m $373.8m 0.20% —
15 SCOTIA CAPITAL INC. 2.51% of their portfolio TORONTO, A6 7,395,5957.4m $310.2m $310.2m 2.51% —
16 MACKENZIE FINANCIAL CORP 0.49% of their portfolio TORONTO ONTARIO, A6 6,762,8026.8m $283.2m $283.2m 0.49% —
17 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 6,590,5766.6m $276.4m $276.4m 0.04% —
18 NATIONAL BANK OF CANADA /FI/ 1.53% of their portfolio MONTREAL, A8 6,302,9986.3m $263.6m $263.6m 1.53% —
19 PRINCIPAL FINANCIAL GROUP INC 0.19% of their portfolio DES MOINES, IA 5,681,1575.7m $238.3m $238.3m 0.19% —
20 Cullen Capital Management, LLC 2.50% of their portfolio New York, NY 5,568,2315.6m $233.5m $233.5m 2.50% —
21 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.16% of their portfolio Toronto, A6 5,567,0025.6m $235.7m $235.7m 0.16% —
22 CIBC Asset Management Inc 0.84% of their portfolio TORONTO, Z4 4,449,9484.4m $187.4m $187.4m 0.84% —
23 Capital World Investors 0.04% of their portfolio LOS ANGELES, CA 4,329,3004.3m $181.5m $181.5m 0.04% —
24 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 4,069,5124.1m $170.7m $170.7m 0.03% —
25 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 4,029,6584.0m $169.0m $169.0m 0.02% —
26 LETKO, BROSSEAU & ASSOCIATES INC 3.01% of their portfolio MONTREAL, A8 3,601,3453.6m $151.8m $151.8m 3.01% —
27 TD Waterhouse Canada Inc. 2.33% of their portfolio TORONTO, A6 3,429,1973.4m $204.9m $204.9m 2.33% —
28 ACADIAN ASSET MANAGEMENT LLC 0.64% of their portfolio Boston, MA 2,802,3652.8m $117.5m $117.5m 0.64% —
29 DekaBank Deutsche Girozentrale 0.35% of their portfolio FRANKFURT, 2M 2,795,7942.8m $119.2m $119.2m 0.35% —
30 NORGES BANK 0.03% of their portfolio OSLO, Q8 2,499,6772.5m $104.7m $104.7m 0.03% —
31 Alberta Investment Management Corp 0.74% of their portfolio EDMONTON, A0 2,293,8832.3m $96.7m $96.7m 0.74% —
32 RAYMOND JAMES & ASSOCIATES 0.10% of their portfolio ST PETERSBURG, FL 2,247,6782.2m $94.3m $94.3m 0.10% —
33 FIRST TRUST ADVISORS LP 0.12% of their portfolio Wheaton, IL 2,214,0082.2m $92.8m $92.8m 0.12% —
34 Federation des caisses Desjardins du Quebec 1.12% of their portfolio LEVIS, A8 2,176,2002.2m $94.3m $94.3m 1.12% —
35 REAVES W H & CO INC 3.37% of their portfolio JERSEY CITY, NJ 2,137,7992.1m $89.7m $89.7m 3.37% —
36 Legal & General Group Plc 0.03% of their portfolio London, X0 2,078,8642.1m $87.6m $87.6m 0.03% —
37 MONTRUSCO BOLTON INVESTMENTS INC. 2.08% of their portfolio MONTREAL, A8 1,870,2861.9m $78.8m $78.8m 2.08% —
38 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,820,7181.8m $76.3m $76.3m 0.03% —
39 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 1,786,9491.8m $74.9m $74.9m 0.04% —
40 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 1,696,3471.7m $71.1m $71.1m 0.02% —
41 Connor, Clark & Lunn Investment Management Ltd. 0.44% of their portfolio VANCOUVER, A1 1,587,3491.6m $66.5m $66.5m 0.44% —
42 FEDERATED HERMES, INC. 0.18% of their portfolio PITTSBURGH, PA 1,491,6871.5m $62.6m $62.6m 0.18% —
43 CANADA PENSION PLAN INVESTMENT BOARD 0.11% of their portfolio TORONTO ONTARIO, A6 1,488,5701.5m $62.7m $62.7m 0.11% —
44 GUARDIAN CAPITAL LP 1.93% of their portfolio TORONTO, A6 1,324,7461.3m $55.8m $55.8m 1.93% —
45 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 1,255,6661.3m $52.7m $52.7m 0.03% —
46 CREDIT SUISSE AG/ 0.05% of their portfolio ZURICH, V8 1,117,6251.1m $46.9m $46.9m 0.05% —
47 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 1,112,5401.1m $46.9m $46.9m 0.01% —
48 APG Asset Management N.V. 0.12% of their portfolio Amsterdam, P7 1,081,2801.1m $46.5m $46.5m 0.12% —
49 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.56% of their portfolio CHICAGO, IL 1,065,8651.1m $44.7m $44.7m 0.56% —
50 Amundi 0.03% of their portfolio Paris, I0 1,012,2661.0m $44.5m $44.5m 0.03% —
51 MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 5.10% of their portfolio MISSISSAUGA, A6 955,073955.1k $40.0m $40.0m 5.10% —
52 FMR LLC 0.00% of their portfolio BOSTON, MA 938,350938.4k $39.3m $39.3m 0.00% —
53 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 935,754935.8k $39.2m $39.2m 0.01% —
54 GABELLI FUNDS LLC 0.31% of their portfolio Rye, NY 908,400908.4k $38.1m $38.1m 0.31% —
55 INTACT INVESTMENT MANAGEMENT INC. 1.71% of their portfolio MONTREAL, A8 895,060895.1k $51.8m $51.8m 1.71% —
56 JANE STREET GROUP, LLC 0.07% of their portfolio NEW YORK, NY 831,583831.6k $34.9m $34.9m 0.07% —
57 Onex Canada Asset Management Inc. 1.98% of their portfolio TORONTO, A6 792,863792.9k $33.2m $33.2m 1.98% —
58 BANK OF NOVA SCOTIA TRUST CO 3.74% of their portfolio TORONTO, A6 786,202786.2k $33.0m $33.0m 3.74% —
59 CAPITAL ADVISORS INC/OK 1.01% of their portfolio TULSA, OK 781,721781.7k $32.7m $32.7m 1.01% —
60 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 773,948773.9k $32.5m $32.5m 0.03% —
61 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.06% of their portfolio FRANKFURT AM MAIN, 2M 773,004773.0k $32.6m $32.6m 0.06% —
62 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.16% of their portfolio JUPITER, FL 720,661720.7k $30.2m $30.2m 0.16% —
63 TRUIST FINANCIAL CORP 0.05% of their portfolio CHARLOTTE, NC 680,224680.2k $28.5m $28.5m 0.05% —
64 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 666,513666.5k $28.0m $28.0m 0.01% —
65 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 661,793661.8k $27.8m $27.8m 0.05% —
66 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 660,461660.5k $27.7m $27.7m 0.01% —
67 BlackRock Inc. 0.00% of their portfolio New York, NY 649,294649.3k $27.2m $27.2m 0.00% —
68 UBS Group AG 0.01% of their portfolio ZURICH, V8 607,776607.8k $25.5m $25.5m 0.01% —
69 GUYASUTA INVESTMENT ADVISORS INC 2.19% of their portfolio PITTSBURGH, PA 605,479605.5k $25.4m $25.4m 2.19% —
70 Marathon Asset Management Ltd 0.77% of their portfolio London, X0 602,855602.9k $25.8m $25.8m 0.77% —
71 Addenda Capital Inc. 1.46% of their portfolio MONTREAL, A8 547,121547.1k $31.9m $31.9m 1.46% —
72 LGT CAPITAL PARTNERS LTD. 0.70% of their portfolio PFAEFFIKON, V8 540,410540.4k $22.8m $22.8m 0.70% —
73 CANADA LIFE ASSURANCE Co 0.06% of their portfolio WINNIPEG, A2 535,211535.2k $22.5m $22.5m 0.06% —
74 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 516,657516.7k $22.1m $22.1m 0.02% —
75 OPPENHEIMER ASSET MANAGEMENT INC. 0.35% of their portfolio NEW YORK, NY 473,670473.7k $19.9m $19.9m 0.35% —
76 Janney Montgomery Scott LLC 0.08% of their portfolio PHILADELPHIA, PA 464,663464.7k $19.5m $19.5m 0.08% —
77 CRAWFORD INVESTMENT COUNSEL INC 0.45% of their portfolio ATLANTA, GA 455,464455.5k $19.1m $19.1m 0.45% —
78 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 452,598452.6k $19.0m $19.0m 0.03% —
79 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 452,171452.2k $19.0m $19.0m 0.00% —
80 Russell Investments Group, Ltd. 0.04% of their portfolio Seattle, WA 445,301445.3k $18.9m $18.9m 0.04% —
81 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 438,018438.0k $18.4m $18.4m 0.02% —
82 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 437,085437.1k $18.3m $18.3m 0.00% —
83 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 413,281413.3k $19.2m $19.2m 0.00% —
84 GUARDIAN CAPITAL ADVISORS LP 2.01% of their portfolio TORONTO, A6 392,873392.9k $16.1m $16.1m 2.01% —
85 GODSEY & GIBB, INC 12.16% of their portfolio RICHMOND, VA 364,421364.4k $15.3m $15.3m 12.16% —
86 Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio CHIYODA-KU, TOKYO, M0 354,834354.8k $14.9m $14.9m 0.01% —
87 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 347,231347.2k $14.5m $14.5m 0.01% —
88 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.16% of their portfolio VICTORIA, A1 340,562340.6k $14.3m $14.3m 0.16% —
89 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 337,693337.7k $14.2m $14.2m 0.02% —
90 NATIXIS ADVISORS, LLC 0.06% of their portfolio Boston, MA 336,135336.1k $14.1m $14.1m 0.06% —
91 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 331,241331.2k $13.9m $13.9m 0.05% —
92 Swiss National Bank 0.01% of their portfolio ZURICH, V8 326,854326.9k $13.8m $13.8m 0.01% —
93 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 315,709315.7k $13.3m $13.3m 0.03% —
94 Bollard Group LLC 0.54% of their portfolio BOSTON, MA 306,899306.9k $12.9m $12.9m 0.54% —
95 MONEY CONCEPTS CAPITAL CORP 0.75% of their portfolio PALM BEACH GARDENS, FL 303,845303.8k $12.7m $12.7m 0.75% —
96 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 293,306293.3k $12.4m $12.4m 0.02% —
97 DORCHESTER WEALTH MANAGEMENT Co 2.65% of their portfolio MONTREAL, A8 286,671286.7k $12.0m $12.0m 2.65% —
98 Korea Investment CORP 0.03% of their portfolio SEOUL, M5 268,033268.0k $11.3m $11.3m 0.03% —
99 LIBERTY ONE INVESTMENT MANAGEMENT, LLC 1.74% of their portfolio LIBERTYVILLE, IL 252,379252.4k $10.6m $10.6m 1.74% —
100 Verity & Verity, LLC 1.66% of their portfolio BEAUFORT, SC 245,514245.5k $10.3m $10.3m 1.66% —