BCE Inc.
US ˙ NYSE ˙ CA05534B7604

SecurityBCE / BCE Inc.
InstitutionTwo Sigma Advisers, Lp
Latest Disclosed Ownership2,440,700 shares
Latest Disclosed Value $ 58,137,474
Two Sigma Advisers, Lp reports 56.11% increase in ownership of BCE / BCE Inc.

On February 17, 2026 - Two Sigma Advisers, Lp filed a 13F-HR form disclosing ownership of 2,440,700 shares of BCE Inc. (US:BCE) valued at $58,137,474 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 1,563,400 shares of BCE Inc.. This represents a change in shares of 56.11% during the quarter. The current value of the position is $59,577,487 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-17 2025-12-31 13F BCE COM NEW 05534B760 2,440,700 877,300 56.11 58,137 58.99 0.1130
2025-11-14 2025-09-30 13F BCE COM NEW 05534B760 1,563,400 -528,300 -25.26 36,568 -21.14 0.0732
2025-08-14 2025-06-30 13F BCE COM NEW 05534B760 2,091,700 1,573,400 303.57 46,373 289.68 0.0950
2025-05-15 2025-03-31 13F BCE COM NEW 05534B760 518,300 273,900 112.07 11,900 110.06 0.0268
2025-02-14 2024-12-31 13F BCE COM NEW 05534B760 244,400 244,400 5,665 0.0131
2023-11-14 2023-09-30 13F BCE COM NEW 05534B760 0 -29,800 -100.00 0 -100.00
2023-08-14 2023-06-30 13F BCE COM NEW 05534B760 29,800 -359,800 -92.35 1,359 -92.22 0.0035
2023-05-15 2023-03-31 13F BCE COM NEW 05534B760 389,600 -230,400 -37.16 17,450 -35.96 0.0450
2023-02-14 2022-12-31 13F BCE COM NEW 05534B760 620,000 429,600 225.63 27,249 241.25 0.0761
2022-11-14 2022-09-30 13F BCE COM NEW 05534B760 190,400 -205,700 -51.93 7,985 -59.01 0.0231
2022-08-15 2022-06-30 13F BCE COM NEW 05534B760 396,100 128,800 48.19 19,480 31.41 0.0553
2022-05-16 2022-03-31 13F BCE COM NEW 05534B760 267,300 267,300 14,824 0.0394
2022-02-14 2021-12-31 13F BCE COM NEW 05534B760 0 -904,927 -100.00 0 -100.00
2021-11-15 2021-09-30 13F BCE COM NEW 05534B760 904,927 265,900 41.61 45,301 43.74 0.1174
2021-08-16 2021-06-30 13F BCE COM NEW 05534B760 639,027 639,027 31,517 0.0831
2021-05-17 2021-03-31 13F BCE COM NEW 05534B760 0 -331,280 -100.00 0 -100.00
2021-02-16 2020-12-31 13F BCE COM NEW 05534B760 331,280 331,280 14,179 0.0379
2020-11-16 2020-09-30 13F BCE COM NEW 05534B760 0 -539,180 -100.00 0 -100.00
2020-09-15 2020-06-30 13F/A-1 BCE COM NEW 05534B760 539,180 18,900 3.63 22,522 5.94 0.0662
2020-08-14 2020-06-30 13F BCE COM NEW 05534B760 539,180 18,900 22,522 65,081.1001
2020-05-15 2020-03-31 13F BCE COM NEW 05534B760 520,280 124,800 31.56 21,259 15.98 0.0814
2020-02-14 2019-12-31 13F BCE COM NEW 05534B760 395,480 -301,100 -43.23 18,330 -45.64 0.0425
2019-11-14 2019-09-30 13F BCE COM NEW 05534B760 696,580 -32,000 -4.39 33,721 1.77 0.0825
2019-08-14 2019-06-30 13F BCE COM NEW 05534B760 728,580 123,800 20.47 33,136 23.43 0.0825
2019-05-15 2019-03-31 13F BCE COM NEW 05534B760 604,780 113,527 23.11 26,846 38.21 0.0677
2019-02-14 2018-12-31 13F BCE COM NEW 05534B760 491,253 -345,242 -41.27 19,424 -42.66 0.0530
2018-11-14 2018-09-30 13F BCE COM NEW 05534B760 836,495 74,300 9.75 33,878 9.77 0.0827
2018-08-14 2018-06-30 13F BCE COM NEW 05534B760 762,195 19,915 2.68 30,864 -3.37 0.0830
2018-05-15 2018-03-31 13F BCE COM NEW 05534B760 742,280 388,038 109.54 31,940 87.23 0.0866
2018-02-14 2017-12-31 13F BCE COM NEW 05534B760 354,242 2,700 0.77 17,059 3.45 0.0460
2017-11-14 2017-09-30 13F BCE COM NEW 05534B760 351,542 9,289 2.71 16,490 6.96 0.0467
2017-08-14 2017-06-30 13F BCE COM NEW 05534B760 342,253 -89,042 -20.65 15,417 -19.34 0.0509
2017-05-15 2017-03-31 13F BCE COM NEW 05534B760 431,295 -1,584 -0.37 19,113 2.21 0.0627
2017-02-14 2016-12-31 13F BCE COM NEW 05534B760 432,879 237,390 121.43 18,699 107.05 0.0715
2016-11-14 2016-09-30 13F BCE COM NEW 05534B760 195,489 1,600 0.83 9,031 -1.20 0.0385
2016-08-15 2016-06-30 13F BCE COM NEW 05534B760 193,889 172,189 793.50 9,141 823.33 0.0464
2016-05-16 2016-03-31 13F BCE COM NEW 05534B760 21,700 -137,089 -86.33 990 -83.87 0.0055
2016-02-16 2015-12-31 13F BCE COM NEW 05534B760 158,789 15,910 11.14 6,138 4.99 0.0366
2015-11-16 2015-09-30 13F BCE COM NEW 05534B760 142,879 121,113 556.43 5,846 532.00 0.0369
2016-02-09 2015-06-30 13F/A-2 BCE COM NEW 05534B760 21,766 13,400 160.17 925 161.30 0.2125
2016-02-09 2015-03-31 13F/A-2 BCE COM NEW 05534B760 8,366 8,366 -61.56 354 -61.73 0.0614
2015-02-17 2014-12-31 13F BCE COM NEW 05534B760 0 -260,500 -100.00 0 -100.00
2016-02-09 2014-09-30 13F/A-1 BCE COM NEW 05534B760 260,500 218,700 523.21 11,139 487.19 0.0878
2014-11-14 2014-09-30 13F BCE COM NEW 05534B760 260,500 11,139
2016-02-09 2014-06-30 13F/A-2 BCE COM NEW 05534B760 41,800 34,700 488.73 1,897 519.93 0.5189
2014-05-15 2014-03-31 13F BCE Common Stock 05534B760 7,100 -1,200 -14.46 306 -14.76 0.0028
2014-02-14 2013-12-31 13F BCE Common Stock 05534B760 8,300 8,300 16.90 359 17.32 0.0035
2013-11-14 2013-09-30 13F BCE COM NEW 05534B760 0 -61,023 -100.00 0 -100.00
2013-08-14 2013-06-30 13F BCE COM NEW 05534B760 61,023 61,023 2,504 0.0358
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.