Here’s our smart money update for the week. These numbers are taken from Irish’s nightly house positions (thank you Irish). Again I state, this is not an exact science but it does give us a heads up to a shift in institutional sentiment. Have a great weekend all and keep well!
Increased Positions in NOT this week
Anonymous +386,600
Blackmont +337,400
Genuity +80,400
Jitney +71,535
Mackenzie +65,000
GMP +45,100
Haywood +26,500
Cormark +25,000
Wellington +5,609
Reduced Positions in NOT this week
Raymond James –293,700
Dundee –246,800
Penson –15,800
Research Cap –13,800
ITG –13,175
Canaccord –10,600
Bolder –3,600
Institutions increased their combined holdings this week by 445,669. Institutions have increased their combined holdings by 3,316,920 shares since August 17th. All institutions that I track (21) remain in a net positive position since Aug 17th except for Canaccord, Clarus, Raymond James, and Research Cap. Top institutional buyers since Aug 17th are Wellington, Dundee, Penson, Genuity, ITG, Haywood and Blackmont.
Increased positions in FWR this week
Brock & Coop +4,163,900
CIBC +588,012
Canaccord +348,907
MacQuarie +302,000
Byron +250,000
Genuity +136,000
Penson +1,000
Reduced Positions in FWR this week
Anonymous –803,500
Jitney –572,000
ITG –247,000
UBS –143,500
Research Cap. –143,000
Dundee –72,000
Blackmont –60,500
Sandfire –25,000
Jennings –21,000
Raymond James –10,700
Haywood –10,000
Institutions increased their combined holdings this week by 3,093,607. Institutions have increased their combined holdings by 5,978,025 since Oct 5th. It would be interesting to know how or if the 4,163,900 shares that Brock & Coop purchased this week will get tendered. Top institutional buyers since Oct 5th are Brock & Coop, MacQuarie, GMP, Genuity, Canaccord, Jennings and UBS.