State Street SPDR Bloomberg Convertible Securities ETF
367 hedge funds and large institutions have $2.02B invested in State Street SPDR Bloomberg Convertible Securities ETF in 2020 Q1 according to their latest regulatory filings, with 56 funds opening new positions, 106 increasing their positions, 163 reducing their positions, and 87 closing their positions.
2.18% more ownership
Funds ownership: 55.45% → 57.63% (+2.2%)
10% less funds holding
Funds holding: 406 → 367 (-39)
18% less funds holding in top 10
Funds holding in top 10: 22 → 18 (-4)
20% less capital invested
Capital invested by funds: $2.53B → $2.02B (-$514M)
22% less call options, than puts
Call options by funds: $4.88M | Put options by funds: $6.23M
35% less repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 163
36% less first-time investments, than exits
New positions opened: 56 | Existing positions closed: 87
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$160M |
| 2 |
QI
QS Investors
New York
|
+$23.9M |
| 3 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
+$18.5M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
+$17.8M |
| 5 |
AC
Athanor Capital
New York
|
+$15.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Howard Capital Management
Roswell,
Georgia
|
-$66.9M |
| 2 |
Morgan Stanley
New York
|
-$23.9M |
| 3 |
BAM
BTS Asset Management
Lincoln,
Massachusetts
|
-$20M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$19.2M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$19.1M |
CWB Hedge Fund Activity: Q1 2020 in Review
367 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg Convertible Securities ETF (CWB) for Q1 2020, worth a combined $2.02B — down 20% from $2.53B a quarter earlier.
Sellers outnumbered buyers: 87 funds closed out of CWB and 56 opened new positions — a net loss of 31 holders — while 163 trimmed existing stakes and 106 added.
The largest buyer was Jane Street, adding an estimated $160M. The largest seller was Howard Capital Management, exiting entirely with an estimated $66.9M sold.
- 367 institutional investors held State Street SPDR Bloomberg Convertible Securities ETF (CWB) as of Q1 2020, down from 406 in Q4 2019.
- Funds reported $2.02B of State Street SPDR Bloomberg Convertible Securities ETF stock for Q1 2020, down 20% quarter-over-quarter.
- 56 funds opened new State Street SPDR Bloomberg Convertible Securities ETF positions in Q1 2020 and 87 closed out, a net change of -31 holders.
- The largest State Street SPDR Bloomberg Convertible Securities ETF buyer in Q1 2020 was Jane Street, an estimated $160M added.
- The largest State Street SPDR Bloomberg Convertible Securities ETF seller in Q1 2020 was Howard Capital Management, an estimated $66.9M sold.
Based on aggregated 13F filings for Q1 2020.