iShares CMBS ETF
CMBS
80 hedge funds and large institutions have $296M invested in iShares CMBS ETF in 2023 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 23 increasing their positions, 31 reducing their positions, and 16 closing their positions.
31% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 16
5% more funds holding
Funds holding: 76 → 80 (+4)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
6% less capital invested
Capital invested by funds: $315M → $296M (-$19.7M)
6.66% less ownership
Funds ownership: 59.67% → 53.01% (-6.7%)
26% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D
Diversified
Wilmington,
Delaware
|
+$14.3M |
| 2 |
KF
Krilogy Financial
St. Louis,
Missouri
|
+$11.9M |
| 3 |
Morgan Stanley
New York
|
+$5.83M |
| 4 |
API
Advisor Partners II
Walnut Creek,
California
|
+$2.15M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
-$17.1M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$9.4M |
| 3 |
PFO
Pathstone Family Office
Englewood,
New Jersey
|
-$6.89M |
| 4 |
HCA
Heck Capital Advisors
Rhinelander,
Wisconsin
|
-$5.75M |
| 5 |
LPL Financial
San Diego,
California
|
-$5.24M |
CMBS Hedge Fund Activity: Q1 2023 in Review
80 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in iShares CMBS ETF (CMBS) for Q1 2023, worth a combined $296M — down 6.3% from $315M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new CMBS positions and 16 closed out — a net gain of 5 holders — while 23 added to existing stakes and 31 trimmed.
The largest buyer was Diversified, opening a new position worth an estimated $14.3M. The largest seller was Wealthcare Advisory Partners, cutting an estimated $17.1M.
- 80 institutional investors held iShares CMBS ETF (CMBS) as of Q1 2023, up from 76 in Q4 2022.
- Funds reported $296M of iShares CMBS ETF stock for Q1 2023, down 6.3% quarter-over-quarter.
- 21 funds opened new iShares CMBS ETF positions in Q1 2023 and 16 closed out, a net change of +5 holders.
- The largest iShares CMBS ETF buyer in Q1 2023 was Diversified, an estimated $14.3M added.
- The largest iShares CMBS ETF seller in Q1 2023 was Wealthcare Advisory Partners, an estimated $17.1M sold.
Based on aggregated 13F filings for Q1 2023.