State Street SPDR Bloomberg Convertible Securities ETF
337 hedge funds and large institutions have $2.14B invested in State Street SPDR Bloomberg Convertible Securities ETF in 2019 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 136 increasing their positions, 113 reducing their positions, and 36 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 113
4% more capital invested
Capital invested by funds: $2.06B → $2.14B (+$81.1M)
0.34% more ownership
Funds ownership: 52.41% → 52.75% (+0.34%)
3% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 36
8% less call options, than puts
Call options by funds: $4.84M | Put options by funds: $5.29M
1% less funds holding
Funds holding: 341 → 337 (-4)
10% less funds holding in top 10
Funds holding in top 10: 20 → 18 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NSLI
Nan Shan Life Insurance
Taipei City,
Taiwan
|
+$85M |
| 2 |
HCM
Howard Capital Management
Roswell,
Georgia
|
+$66.9M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$20.6M |
| 4 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
+$14.7M |
| 5 |
FBB
Fulton Breakefield Broenniman
Bethesda,
Maryland
|
+$14.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$62.3M |
| 2 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
-$30.4M |
| 3 |
Verition Fund Management
Greenwich,
Connecticut
|
-$15M |
| 4 |
PWPCM
Perella Weinberg Partners Capital Management
New York
|
-$10.8M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$10.2M |
CWB Hedge Fund Activity: Q3 2019 in Review
337 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg Convertible Securities ETF (CWB) for Q3 2019, worth a combined $2.14B — up 3.9% from $2.06B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of CWB and 35 opened new positions — a net loss of 1 holder — while 113 trimmed existing stakes and 136 added.
The largest buyer was Nan Shan Life Insurance, adding an estimated $85M. The largest seller was Bank of Montreal, cutting an estimated $62.3M.
- 337 institutional investors held State Street SPDR Bloomberg Convertible Securities ETF (CWB) as of Q3 2019, down from 341 in Q2 2019.
- Funds reported $2.14B of State Street SPDR Bloomberg Convertible Securities ETF stock for Q3 2019, up 3.9% quarter-over-quarter.
- 35 funds opened new State Street SPDR Bloomberg Convertible Securities ETF positions in Q3 2019 and 36 closed out, a net change of -1 holder.
- The largest State Street SPDR Bloomberg Convertible Securities ETF buyer in Q3 2019 was Nan Shan Life Insurance, an estimated $85M added.
- The largest State Street SPDR Bloomberg Convertible Securities ETF seller in Q3 2019 was Bank of Montreal, an estimated $62.3M sold.
Based on aggregated 13F filings for Q3 2019.