PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
31 hedge funds and large institutions have $95.1M invested in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 5 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
7% more funds holding
Funds holding: 29 → 31 (+2)
12% less capital invested
Capital invested by funds: $109M → $95.1M (-$13.4M)
14.59% less ownership
Funds ownership: 54.5% → 39.92% (-15%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
+$39.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.7M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.59M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$3.18M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$1.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
-$63.1M |
| 2 |
Goldman Sachs
New York
|
-$2.44M |
| 3 |
SCM
Saba Capital Management
New York
|
-$703K |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$339K |
| 5 |
QA
Quantitative Advantage
Minnetonka,
Minnesota
|
-$256K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
26
Next Financial Group
Houston,
Texas
| $31K | +$31K | +300 | New |
|
|
NES
27
New England Securities
New York
| $13K | – | – | – |
|
|
PAG
28
Private Advisor Group
Morristown,
New Jersey
| $9K | +$8.78K | +85 | New |
|
|
S
29
SignatureFD
Atlanta,
Georgia
| $8K | – | – | – |
|
|
WCM
30
Wealthcare Capital Management
Richmond,
Virginia
| $7K | +$6.51K | +63 | New |
|
31
Ameriprise
Minneapolis,
Minnesota
| $6K | – | – | – |
|
|
FSIM
32
F-Squared Investment Management
Wellesley,
Massachusetts
| – | -$63.1M | -611,010 | Closed |
|
|
SCM
33
Saba Capital Management
New York
| – | -$703K | -6,809 | Closed |
|
|
FNBT
34
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$56K | -544 | Closed |
|
|
PVH
35
Psagot Value Holdings
Tel Aviv,
Israel
| – | -$32K | -307 | Closed |
|
36
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$12K | -118 | Closed |
|
CORP Hedge Fund Activity: Q3 2014 in Review
31 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) for Q3 2014, worth a combined $95.1M — down 12% from $109M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new CORP positions and 5 closed out — a net gain of 2 holders — while 12 added to existing stakes and 7 trimmed.
The largest buyer was Jefferies Group, adding an estimated $39.2M. The largest seller was F-Squared Investment Management, exiting entirely with an estimated $63.1M sold.
- 31 institutional investors held PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) as of Q3 2014, up from 29 in Q2 2014.
- Funds reported $95.1M of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund stock for Q3 2014, down 12% quarter-over-quarter.
- 7 funds opened new PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund positions in Q3 2014 and 5 closed out, a net change of +2 holders.
- The largest PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund buyer in Q3 2014 was Jefferies Group, an estimated $39.2M added.
- The largest PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund seller in Q3 2014 was F-Squared Investment Management, an estimated $63.1M sold.
Based on aggregated 13F filings for Q3 2014.