Institutional Interest in BP: Hedge Funds and ETFs Revealed

2024-03-12

At the meeting held to discuss the quarter ending December 31, 2023, it was revealed that BP p.l.c. had garnered significant interest from Hedge Funds. A total of 1127 Hedge Funds were holding BP shares, collectively amounting to 357,532,507 shares. Among them, 404 Hedge Funds were actively buying BP shares, while 451 were selling them. Notable institutions such as State Street Corp, Fisher Asset Management, and Arrowstreet Capital emerged as top holders of BP shares during this period.

On the ETF front, 2 ETFs were identified to be holding BP shares, with a combined total of 40,611 shares. The sentiment towards BP varied among institutions, with some displaying optimism and others taking a more pessimistic stance. Institutions like Millennium Management LLC and HSBC Holdings PLC were notably optimistic about BP, while institutions such as Pale Fire Capital SE and NORGES BANK were more bearish on the company.

The data presented during the meeting was sourced from sharkstracker.com, a platform known for providing a data-driven perspective on the market. For those interested in delving deeper into the specifics of the report, the full details can be accessed at the following link: [SharksTracker - BP Report](https://www.sharkstracker.com/reports/ReportDetail12:BP/?rrr=3).