State Street SPDR Bloomberg 1-3 Month T-Bill ETF
63 hedge funds and large institutions have $599M invested in State Street SPDR Bloomberg 1-3 Month T-Bill ETF in 2013 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 22 increasing their positions, 21 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
13% more funds holding
Funds holding: 56 → 63 (+7)
5% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 21
7.87% less ownership
Funds ownership: 35.35% → 27.48% (-7.9%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
43% less capital invested
Capital invested by funds: $1.05B → $599M (-$447M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Teacher Retirement System of Texas
Austin,
Texas
|
+$30M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$11.3M |
| 3 |
AssetMark Inc
Concord,
California
|
+$11.1M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$10.5M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$6.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
-$468M |
| 2 |
Morgan Stanley
New York
|
-$20.7M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$14M |
| 4 |
AA
ALPS Advisors
Denver,
Colorado
|
-$11.1M |
| 5 |
IA
IndexIQ Advisors
New York
|
-$6.49M |
BIL Hedge Fund Activity: Q4 2013 in Review
63 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) for Q4 2013, worth a combined $599M — down 43% from $1.05B a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BIL positions and 6 closed out — a net gain of 8 holders — while 22 added to existing stakes and 21 trimmed.
The largest buyer was Teacher Retirement System of Texas, opening a new position worth an estimated $30M. The largest seller was UBS, cutting an estimated $468M.
- 63 institutional investors held State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) as of Q4 2013, up from 56 in Q3 2013.
- Funds reported $599M of State Street SPDR Bloomberg 1-3 Month T-Bill ETF stock for Q4 2013, down 43% quarter-over-quarter.
- 14 funds opened new State Street SPDR Bloomberg 1-3 Month T-Bill ETF positions in Q4 2013 and 6 closed out, a net change of +8 holders.
- The largest State Street SPDR Bloomberg 1-3 Month T-Bill ETF buyer in Q4 2013 was Teacher Retirement System of Texas, an estimated $30M added.
- The largest State Street SPDR Bloomberg 1-3 Month T-Bill ETF seller in Q4 2013 was UBS, an estimated $468M sold.
Based on aggregated 13F filings for Q4 2013.