State Street SPDR Bloomberg Convertible Securities ETF
115 hedge funds and large institutions have $915M invested in State Street SPDR Bloomberg Convertible Securities ETF in 2013 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 53 increasing their positions, 25 reducing their positions, and 9 closing their positions.
167% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 9
112% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 25
44% more capital invested
Capital invested by funds: $635M → $915M (+$279M)
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
14% more funds holding
Funds holding: 101 → 115 (+14)
4.01% more ownership
Funds ownership: 51% → 55.02% (+4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$119M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$25.4M |
| 3 |
IG
ING Group
Amsterdam,
Netherlands
|
+$22.2M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
+$19.4M |
| 5 |
PWAG
Polaris Wealth Advisory Group
San Rafael,
California
|
+$15.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
-$21.7M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$21.2M |
| 3 |
OAMG
Odey Asset Management Group
London,
United Kingdom
|
-$4.32M |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
-$1.32M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$1.08M |
CWB Hedge Fund Activity: Q3 2013 in Review
115 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg Convertible Securities ETF (CWB) for Q3 2013, worth a combined $915M — up 44% from $635M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new CWB positions and 9 closed out — a net gain of 15 holders — while 53 added to existing stakes and 25 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $119M. The largest seller was Hanlon Investment Management, cutting an estimated $21.7M.
- 115 institutional investors held State Street SPDR Bloomberg Convertible Securities ETF (CWB) as of Q3 2013, up from 101 in Q2 2013.
- Funds reported $915M of State Street SPDR Bloomberg Convertible Securities ETF stock for Q3 2013, up 44% quarter-over-quarter.
- 24 funds opened new State Street SPDR Bloomberg Convertible Securities ETF positions in Q3 2013 and 9 closed out, a net change of +15 holders.
- The largest State Street SPDR Bloomberg Convertible Securities ETF buyer in Q3 2013 was Deutsche Bank, an estimated $119M added.
- The largest State Street SPDR Bloomberg Convertible Securities ETF seller in Q3 2013 was Hanlon Investment Management, an estimated $21.7M sold.
Based on aggregated 13F filings for Q3 2013.