Fidelity and BlackRock dominate the market for Greek bank shares
Two major investment houses, Fidelity and BlackRock Institutional, remain the dominant players in Greek bank share purchases, according to September data from Interactive Brokers, which compiles aggregated buy and sell transactions.
The data reveal a “changing of the guard” across all systemic banks, the emergence of newer institutional players, and portfolio reallocations by investment banks such as Goldman Sachs and JP Morgan on behalf of their clients.
The September figures also reflect, to some extent, the results of the autumn roadshows held by Greek banks in the U.S. and the U.K., where investors focused primarily on dividend payout ratios and 2025 dividend yields.
This strong interest in dividends explains why the largest buyers came from mutual fund houses, which typically seek high dividend returns for their investors.
In Eurobank, Fidelity was a major buyer with 2.62 million shares, followed by BlackRock Institutional with 1.61 million shares.
American Century Investments also increased its position with 1.26 million shares.
On the selling side, Columbia Three Needle offloaded 6.4 million shares, while Mirae Asset Management sold 1.2 million shares.
Both managers appear to be exiting the Greek stock market, as they show up as sellers across all systemic banks. JP Morgan also sold 3.77 million Eurobank shares.
In National Bank of Greece, which sees strong daily buying interest, Fidelity was again the top buyer with 717.8 thousand shares, followed by JP Morgan with 500 thousand shares and BlackRock Institutional with 145 thousand shares.
Sellers in NBG included Columbia Three Needle with 1.34 million shares, Mirae Asset Management with 385 thousand shares, and Goldman Sachs with 158 thousand shares.
BlackRock leads in Alpha Bank
In Alpha Bank, BlackRock Institutional led purchases with 33.85 million shares, while its “partner” Fidelity followed with 6.5 million shares. First Trust Advisors mutual funds also made purchases totaling 2.48 million shares.
On the sell side, Mirae Asset Management once again appeared, offloading 839 thousand shares, along with Goldman Sachs, which sold 572.5 thousand shares.
In Piraeus Financial Holdings, JP Morgan topped the list of buyers with 853.7 thousand shares, followed by BlackRock Institutional with 652 thousand shares.
American Century Investments also appeared on the buyers’ side with 266 thousand shares.
Acting on behalf of their clients, Goldman Sachs sold 398 thousand shares, while Mirae Asset Management disposed of 354 thousand shares.
www.bankingnews.gr
The data reveal a “changing of the guard” across all systemic banks, the emergence of newer institutional players, and portfolio reallocations by investment banks such as Goldman Sachs and JP Morgan on behalf of their clients.
The September figures also reflect, to some extent, the results of the autumn roadshows held by Greek banks in the U.S. and the U.K., where investors focused primarily on dividend payout ratios and 2025 dividend yields.
This strong interest in dividends explains why the largest buyers came from mutual fund houses, which typically seek high dividend returns for their investors.
In Eurobank, Fidelity was a major buyer with 2.62 million shares, followed by BlackRock Institutional with 1.61 million shares.
American Century Investments also increased its position with 1.26 million shares.
On the selling side, Columbia Three Needle offloaded 6.4 million shares, while Mirae Asset Management sold 1.2 million shares.
Both managers appear to be exiting the Greek stock market, as they show up as sellers across all systemic banks. JP Morgan also sold 3.77 million Eurobank shares.
In National Bank of Greece, which sees strong daily buying interest, Fidelity was again the top buyer with 717.8 thousand shares, followed by JP Morgan with 500 thousand shares and BlackRock Institutional with 145 thousand shares.
Sellers in NBG included Columbia Three Needle with 1.34 million shares, Mirae Asset Management with 385 thousand shares, and Goldman Sachs with 158 thousand shares.
BlackRock leads in Alpha Bank
In Alpha Bank, BlackRock Institutional led purchases with 33.85 million shares, while its “partner” Fidelity followed with 6.5 million shares. First Trust Advisors mutual funds also made purchases totaling 2.48 million shares.
On the sell side, Mirae Asset Management once again appeared, offloading 839 thousand shares, along with Goldman Sachs, which sold 572.5 thousand shares.
In Piraeus Financial Holdings, JP Morgan topped the list of buyers with 853.7 thousand shares, followed by BlackRock Institutional with 652 thousand shares.
American Century Investments also appeared on the buyers’ side with 266 thousand shares.
Acting on behalf of their clients, Goldman Sachs sold 398 thousand shares, while Mirae Asset Management disposed of 354 thousand shares.
www.bankingnews.gr
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