State Street SPDR Bloomberg Convertible Securities ETF
140 hedge funds and large institutions have $1.11B invested in State Street SPDR Bloomberg Convertible Securities ETF in 2013 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 71 increasing their positions, 17 reducing their positions, and 12 closing their positions.
318% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 17
225% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 12
50% more funds holding in top 10
Funds holding in top 10: 8 → 12 (+4)
22% more funds holding
Funds holding: 115 → 140 (+25)
21% more capital invested
Capital invested by funds: $913M → $1.11B (+$193M)
0.58% less ownership
Funds ownership: 55.02% → 54.44% (-0.58%)
9% less call options, than puts
Call options by funds: $589K | Put options by funds: $645K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$25.4M |
| 2 |
QI
QS Investors
New York
|
+$24.4M |
| 3 |
WCM
Weatherstone Capital Management
Denver,
Colorado
|
+$13.4M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$13.2M |
| 5 |
Morgan Stanley
New York
|
+$9.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.02M |
| 2 |
AUIM
Aegon USA Investment Management
Cedar Rapids,
Iowa
|
-$4.11M |
| 3 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
-$1.8M |
| 4 |
VAM
Visionary Asset Management
Houston,
Texas
|
-$1.5M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$963K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GH
151
GAM Holding
Zurich,
Switzerland
| – | -$113K | -2,500 | Closed |
|
|
RFS
152
Rockefeller Financial Services
New York
| – | -$113K | -2,500 | Closed |
|
|
MCM
153
Manchester Capital Management
Manchester,
Vermont
| – | -$16K | -350 | Closed |
|
154
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$13K | -294 | Closed |
|
|
MA
155
MCF Advisors
Covington,
Kentucky
| – | -$3K | -50 | Closed |
|
CWB Hedge Fund Activity: Q4 2013 in Review
140 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg Convertible Securities ETF (CWB) for Q4 2013, worth a combined $1.11B — up 21% from $913M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new CWB positions and 12 closed out — a net gain of 27 holders — while 71 added to existing stakes and 17 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $25.4M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $5.02M sold.
- 140 institutional investors held State Street SPDR Bloomberg Convertible Securities ETF (CWB) as of Q4 2013, up from 115 in Q3 2013.
- Funds reported $1.11B of State Street SPDR Bloomberg Convertible Securities ETF stock for Q4 2013, up 21% quarter-over-quarter.
- 39 funds opened new State Street SPDR Bloomberg Convertible Securities ETF positions in Q4 2013 and 12 closed out, a net change of +27 holders.
- The largest State Street SPDR Bloomberg Convertible Securities ETF buyer in Q4 2013 was Deutsche Bank, an estimated $25.4M added.
- The largest State Street SPDR Bloomberg Convertible Securities ETF seller in Q4 2013 was Rivernorth Capital Management, an estimated $5.02M sold.
Based on aggregated 13F filings for Q4 2013.