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2 clusters · 6 sources · 1 days · First seen 2 days ago · Last updated 2 days ago

Categories: BUSINESS

Royal Bank of Canada portfolio adjustments

Entities: Royal Bank of Canada · Readystate Asset Management LP · Braskem S.A. · Bank of America Corp. · Revolution Medicines Inc.

Overview

In the first quarter, Royal Bank of Canada disclosed a mixed set of equity moves. In an early filing, the bank added roughly 470,882 shares of Sanofi and 141,376 shares of Novo Nordisk, taking its holdings in the two European drugmakers to about 0.13 % and 0.10 % of outstanding stock respectively, with a combined value near US$318 million. Later the same day, a separate 13‑F filing showed RBC trimming other positions: it sold 18,314 Ferrari shares, reducing its stake to about 0.19 % (≈US$152 million), and cut its Boyd Group Services holding by 7.6%, leaving a 4.26 % stake worth roughly US$151 million. Together the filings illustrate RBC’s ongoing rebalancing of its investment portfolio, increasing exposure to the pharmaceutical sector while scaling back holdings in automotive and services firms.

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[○ 1 SOURCE] Royal Bank of Canada increased its Sanofi stake by 17.5% in Q1, ending with 3,155,080 shares. (SEC filing)
[○ 1 SOURCE] The Sanofi holding represented 0.13% of the company and was valued at $152,011,000. (SEC filing)
[○ 1 SOURCE] Royal Bank of Canada increased its Novo Nordisk stake by 3.2% in Q1, ending with 4,527,779 shares. (SEC filing)
[○ 1 SOURCE] The Novo Nordisk holding represented about 0.10% of the company and was valued at $166,396,000. (SEC filing)

Timeline

2 days ago

[BUSINESS] 6 sources
Royal Bank of Canada Reduces Stakes in Ferrari and Boyd Group Services
Royal Bank of Canada cut its Ferrari stake by 3.9% and its Boyd Group Services stake by 7.6% in Q1, reducing holdings to $151.7 M and $151.4 M respectively, per its latest 13F filing.
2 days ago

[BUSINESS] 2 sources
Royal Bank of Canada boosts stakes in Sanofi and Novo Nordisk
Royal Bank of Canada raised its Sanofi stake to 3.16 M shares ($152 M) and its Novo Nordisk stake to 4.53 M shares ($166 M) in Q1, according to its latest SEC filing.

Sources

hospizdienst.de · mommygearest.com · paparazzi.com.ar · stocknews.com · stocktitan.net · teleborsa.it