iShares CMBS ETF
CMBS
43 hedge funds and large institutions have $136M invested in iShares CMBS ETF in 2016 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 18 reducing their positions, and 19 closing their positions.
13.29% less ownership
Funds ownership: 75.28% → 61.99% (-13%)
22% less funds holding
Funds holding: 55 → 43 (-12)
44% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 18
46% less capital invested
Capital invested by funds: $254M → $136M (-$117M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
53% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.91M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$1.93M |
| 3 |
DJSG
D.J. St. Germain
Springfield,
Massachusetts
|
+$1.26M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$363K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$309K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAS
Sage Advisory Services
Austin,
Texas
|
-$23.5M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$23.1M |
| 3 |
FA
FDx Advisors
Chicago,
Illinois
|
-$17.6M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$11.2M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$7.29M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Jane Street
New York
| – | -$517K | -9,732 | Closed |
|
|
IPC
52
Independent Portfolio Consultants
Boca Raton,
Florida
| – | -$499K | -9,405 | Closed |
|
53
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$244K | -4,603 | Closed |
|
|
KT
54
Kanaly Trust
Houston,
Texas
| – | -$58K | -1,097 | Closed |
|
|
DADC
55
D.A. Davidson & Co
Great Falls,
Montana
| – | -$52K | -992 | Closed |
|
56
Creative Planning
Overland Park,
Kansas
| – | -$27K | -506 | Closed |
|
|
KF
57
Krilogy Financial
St. Louis,
Missouri
| – | -$17K | -325 | Closed |
|
|
CWM
58
Concert Wealth Management
San Jose,
California
| – | -$7K | -141 | Closed |
|
59
Mariner
Overland Park,
Kansas
| – | -$3K | -65 | Closed |
|
|
VIA
60
Vantage Investment Advisors
State College,
Pennsylvania
| – | -$2K | -35 | Closed |
|
61
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$103 | +2 | New |
|
|
IWM
62
IHT Wealth Management
Chicago,
Illinois
| – | +$155 | +3 | New |
|
|
BTIS
63
BB&T Investment Services
Charlotte,
North Carolina
| – | +$258 | +5 | New |
|
CMBS Hedge Fund Activity: Q4 2016 in Review
43 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in iShares CMBS ETF (CMBS) for Q4 2016, worth a combined $136M — down 46% from $254M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of CMBS and 9 opened new positions — a net loss of 10 holders — while 18 trimmed existing stakes and 10 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $2.91M. The largest seller was Sage Advisory Services, exiting entirely with an estimated $23.5M sold.
- 43 institutional investors held iShares CMBS ETF (CMBS) as of Q4 2016, down from 55 in Q3 2016.
- Funds reported $136M of iShares CMBS ETF stock for Q4 2016, down 46% quarter-over-quarter.
- 9 funds opened new iShares CMBS ETF positions in Q4 2016 and 19 closed out, a net change of -10 holders.
- The largest iShares CMBS ETF buyer in Q4 2016 was Susquehanna International Group, an estimated $2.91M added.
- The largest iShares CMBS ETF seller in Q4 2016 was Sage Advisory Services, an estimated $23.5M sold.
Based on aggregated 13F filings for Q4 2016.