Flow Traders U.S. Portfolio holdings
Flow Traders U.S. is the American arm of Flow Traders, a market maker founded in Amsterdam in 2004 that built its business on exchange-traded products. Flow Traders continuously quotes buy and sell prices for ETPs, options, fixed income products and currencies. Its New York office opened in 2009 and is the main hub for US trading in ETPs, fixed income and digital assets, with a Chicago office added in early 2023. In the U.S. it also makes markets in high yield corporate bonds, posting streaming prices on the MarketAxess trading platform.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$565M |
| 2 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$136M |
| 3 |
Vanguard Total International Stock ETF
VXUS
|
+$128M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$106M |
| 5 |
Vanguard FTSE Pacific ETF
VPL
|
+$83.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core MSCI Total International Stock ETF
IXUS
|
+$184M |
| 2 |
iShare MSCI Eurozone ETF
EZU
|
+$88.7M |
| 3 |
JPMorgan BetaBuilders Japan ETF
BBJP
|
+$65.9M |
| 4 |
Vanguard ESG International Stock ETF
VSGX
|
+$59.7M |
| 5 |
State Street SPDR EURO STOXX 50 ETF
FEZ
|
+$45.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 98.76% |
| 2 | Consumer Discretionary | 0.49% |
| 3 | Communication Services | 0.14% |
| 4 | Financials | 0.14% |
| 5 | Technology | 0.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$777B
| $603M | 18.46% |
+1,268,495
| New | +$565M |
2023 Q4
0 quarters
|
|
|
2
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$44.6B
| $147M | 4.49% |
+389,137
| New | +$136M |
2023 Q4
0 quarters
|
|
|
3
Vanguard Total International Stock ETF
VXUS
$156B
| $135M | 4.15% |
+2,336,335
| New | +$128M |
2023 Q4
0 quarters
|
|
|
4
Invesco QQQ Trust
QQQ
$443B
| $128M | 3.9% |
311,382
+278,995
| +861% | +$106M |
2023 Q3
1 quarter
|
|
|
5
Vanguard FTSE Pacific ETF
VPL
$8B
| $88.5M | 2.71% |
1,229,213
+1,225,366
| +31,853% | +$83.2M |
2023 Q1
3 quarters
|
|
6
iShares 20+ Year Treasury Bond ETF
TLT
$47.7B
| $80.6M | 2.47% |
814,824
+557,916
| +217% | +$50.4M |
2023 Q3
1 quarter
|
|
7
iShares Russell 2000 ETF
IWM
$74.2B
| $65.8M | 2.02% |
+328,023
| New | +$58.8M |
2023 Q4
0 quarters
|
|
8
Vanguard FTSE Europe ETF
VGK
$29.8B
| $64.8M | 1.98% |
1,004,608
+584,151
| +139% | +$35M |
2023 Q2
2 quarters
|
|
9
iShares Core MSCI Europe ETF
IEUR
$9.49B
| $50M | 1.53% |
909,199
+691,997
| +319% | +$35.4M |
2023 Q1
3 quarters
|
|
10
Vanguard FTSE Emerging Markets ETF
VWO
$117B
| $49.5M | 1.52% |
1,204,608
+1,102,279
| +1,077% | +$43.7M |
2022 Q1
7 quarters
|
|
11
Invesco Ultra Short Duration ETF
GSY
$4.02B
| $49.5M | 1.52% |
+992,370
| New | +$49.4M |
2023 Q4
0 quarters
|
|
12
Goldman Sachs MarketBeta International Equity ETF
GSID
$976M
| $43.5M | 1.33% |
+808,988
| New | +$40.5M |
2023 Q4
0 quarters
|
|
13
PGIM Ultra Short Bond ETF
PULS
$19.8B
| $43.2M | 1.32% |
+873,909
| New | +$43.2M |
2023 Q4
0 quarters
|
|
14
iShares Europe ETF
IEV
$1.56B
| $40.4M | 1.24% |
763,814
+301,294
| +65% | +$14.8M |
2022 Q4
4 quarters
|
|
15
iShares National Muni Bond ETF
MUB
$54.8B
| $35.7M | 1.09% |
329,684
-130,945
| -28% | -$13.7M |
2023 Q3
1 quarter
|
|
16
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$18.3B
| $35.1M | 1.07% |
351,622
+301,880
| +607% | +$30.2M |
2023 Q3
1 quarter
|
|
17
iShares MSCI United Kingdom ETF
EWU
$3.69B
| $34.9M | 1.07% |
1,054,602
-103,393
| -9% | -$3.3M |
2021 Q1
11 quarters
|
|
18
iShares MSCI China ETF
MCHI
$5.82B
| $30.5M | 0.93% |
+748,225
| New | +$31.5M |
2023 Q4
0 quarters
|
|
19
United States Oil Fund
USO
$1.7B
| $26.8M | 0.82% |
402,043
+122,376
| +44% | +$8.87M |
2023 Q2
2 quarters
|
|
20
SPDR Gold Trust
GLD
$136B
| $26.6M | 0.82% |
139,331
+91,013
| +188% | +$16.7M |
2023 Q3
1 quarter
|
|
21
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.9B
| $25.5M | 0.78% |
255,333
+222,795
| +685% | +$22.3M |
2023 Q2
2 quarters
|
|
22
iShares MSCI Japan ETF
EWJ
$22.2B
| $24.6M | 0.75% |
+383,702
| New | +$23.5M |
2023 Q4
0 quarters
|
|
23
iShares MSCI ACWI ETF
ACWI
$31.5B
| $24.6M | 0.75% |
241,789
+142,521
| +144% | +$13.6M |
2023 Q3
1 quarter
|
|
24
iShares MSCI India ETF
INDA
$6.25B
| $24.2M | 0.74% |
496,210
+392,907
| +380% | +$17.9M |
2023 Q2
2 quarters
|
|
25
iShares MSCI EAFE Growth ETF
EFG
$4.89B
| $21.7M | 0.67% |
672,783
+525,837
| +358% | +$15.7M |
2022 Q4
4 quarters
|
|
Similar funds
Flow Traders U.S.'s Q4 2023 Portfolio in Review
As of Q4 2023, Flow Traders U.S. held 1,276 positions worth $3.27B, up 53% from $2.13B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Flow Traders U.S. deployed $933M of net new capital in Q4 2023, opening 367 new positions and adding to 264 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 1,268,495 shares worth $603M.
By sector, the portfolio is most concentrated in Miscellaneous at 99% of assets, up from 98% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was iShares Core MSCI Total International Stock ETF, an estimated $184M trimmed.
- Flow Traders U.S.'s largest Q4 2023 buy was State Street SPDR S&P 500 ETF Trust: 1,268,495 shares worth $603M.
- Flow Traders U.S. added most to Invesco QQQ Trust in Q4 2023, an estimated $106M increase.
- Flow Traders U.S.'s biggest Q4 2023 reduction was iShares Core MSCI Total International Stock ETF, cutting an estimated $184M.
- Flow Traders U.S. fully exited iShare MSCI Eurozone ETF in Q4 2023, selling an estimated $88.7M.
- Flow Traders U.S.'s ten largest holdings make up 43% of its $3.27B portfolio in Q4 2023.
- Flow Traders U.S. opened 367 new positions and closed 426 in Q4 2023.
- Flow Traders U.S.'s portfolio value rose 53% quarter-over-quarter to $3.27B.
Based on Flow Traders U.S.'s 13F filing for Q4 2023, filed 14 Feb 2024.