Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Who has been buying & selling Brewins and Charles Stanley?

Who has been buying & selling Brewins and Charles Stanley?

It has been an eventful week for Brewin Dolphin and Charles Stanley.

Both firms reported stalling revenue growth over the three months to July on the back of falling commission income. Brewin also noted a short-term hit due to the switch out of trail paying fund units. This was offset by a rise in discretionary assets across both firms over the same period, which will pay off over the long-term and bring greater visibility of earnings.

We look at the buyers and sellers of both stocks over the four weeks to mid-July, in the run-up to these results. During this period, Brewin saw its share price fall 6.32% to finish on a share price of 300p on 14 July. Charles Stanley's share price was also down 6.3% over the same period, trading at a little over 400p on 11 July.

According to information seen by Wealth Manager, BlackRock was both a buyer and a seller of Brewin's shares over the four-week period. The group vehicle bought 1.4 million shares through its Managed Funds, bringing its total position up to 5.4 million. Over the same period, BlackRock also sold all CFD holdings held through Nigel Ridge's UK Absolute Alpha fund, amounting to some 2.4 million shares.

Artemis and the Miton UK Multi-Cap Income fund, run by AA-rated Gervais Williams, sold out completely over the four-week period, selling stakes equating to 1.5 million and 0.7 million shares respectively.

Citywire AA-rated Audrey Ryan also opted to reduce her Kames Ethical Equity fund's position after selling 0.05 million shares, bring the fund’s total position down to 2.7 million. Kames UK Equity fund, run by Stephen Adams and Peter Shaw, also sold 0.4 million shares over the period, equating to a position worth 0.08 million shares by mid-July

Fidelity took a different tack during the month, buying just shy of 2 million shares, bringing the total position up to 14.7 million shares.

Spotlight on Charles Stanley

BlackRock UK Smaller Companies manager Ralph Cox sold down his stake in Charles Stanley over a similar period, selling 0.2 million shares, which brought the total position down to 0.43 million shares. BlackRock Managed funds also sold 0.03 million shares in the company, bringing their total stake down to 1.42 million.

The view was not shared by Aberforth, which bought an additional 0.1 million shares to bring its managed funds’ total stake up to 1.1 million.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Audrey Ryan
Audrey Ryan
53/151 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 58.08%
Stephen Adams
Stephen Adams
118/151 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 43.03%
Peter Shaw
Peter Shaw
111/151 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 45.29%
Nigel Ridge
Nigel Ridge
20/80 in Alternative UCITS - Long/Short Equity (Performance over 1 year) Average Total Return: 7.96%
Gervais Williams
Gervais Williams
2/43 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 97.26%
Ralph Cox
Ralph Cox
31/43 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 60.31%
Citywire TV
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter