State Street SPDR Bloomberg 1-3 Month T-Bill ETF
66 hedge funds and large institutions have $632M invested in State Street SPDR Bloomberg 1-3 Month T-Bill ETF in 2014 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 24 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
6% more capital invested
Capital invested by funds: $599M → $632M (+$33.7M)
5.11% more ownership
Funds ownership: 27.48% → 32.58% (+5.1%)
5% more funds holding
Funds holding: 63 → 66 (+3)
8% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 24
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FM
Forward Management
San Francisco,
California
|
+$72.7M |
| 2 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
+$22.5M |
| 3 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
+$18.4M |
| 4 |
Bank of New York Mellon
New York
|
+$10.4M |
| 5 |
Morgan Stanley
New York
|
+$9.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$30M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$24.9M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$12.7M |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
-$11.8M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$11.6M |
BIL Hedge Fund Activity: Q1 2014 in Review
66 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) for Q1 2014, worth a combined $632M — up 5.6% from $599M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BIL positions and 7 closed out — a net gain of 3 holders — while 26 added to existing stakes and 24 trimmed.
The largest buyer was Forward Management, adding an estimated $72.7M. The largest seller was Teacher Retirement System of Texas, exiting entirely with an estimated $30M sold.
- 66 institutional investors held State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) as of Q1 2014, up from 63 in Q4 2013.
- Funds reported $632M of State Street SPDR Bloomberg 1-3 Month T-Bill ETF stock for Q1 2014, up 5.6% quarter-over-quarter.
- 10 funds opened new State Street SPDR Bloomberg 1-3 Month T-Bill ETF positions in Q1 2014 and 7 closed out, a net change of +3 holders.
- The largest State Street SPDR Bloomberg 1-3 Month T-Bill ETF buyer in Q1 2014 was Forward Management, an estimated $72.7M added.
- The largest State Street SPDR Bloomberg 1-3 Month T-Bill ETF seller in Q1 2014 was Teacher Retirement System of Texas, an estimated $30M sold.
Based on aggregated 13F filings for Q1 2014.