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State Street SPDR Bloomberg Convertible Securities ETF

173 hedge funds and large institutions have $1.78B invested in State Street SPDR Bloomberg Convertible Securities ETF in 2014 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 60 increasing their positions, 58 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 21

6% more funds holding

Funds holding: 163173 (+10)

6% more capital invested

Capital invested by funds: $1.69B → $1.78B (+$94.5M)

3.1% more ownership

Funds ownership: 56.15%59.25% (+3.1%)

3% more repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 58

27% less funds holding in top 10

Funds holding in top 10: 118 (-3)

46% less call options, than puts

Call options by funds: $28.9M | Put options by funds: $53.5M

Holders
173
Holders Change
+10
Holders Change %
+6.13%
% of All Funds
4.61%
Holding in Top 10
8
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-27.27%
% of All Funds
0.21%
New
34
Increased
60
Reduced
58
Closed
21
Calls
$28.9M
Puts
$53.5M
Net Calls
-$24.6M
Net Calls Change
-$18.7M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$288M +$283M +5,787,382 +1,667%
Deutsche Bank
2
Deutsche Bank
Germany
$200M -$30.3M -619,789 -13%
Morgan Stanley
3
Morgan Stanley
New York
$166M -$20.7M -422,458 -11%
IG
4
ING Group
Netherlands
$164M +$19.6M +400,000 +13%
Bank of America
5
Bank of America
North Carolina
$103M -$27.8M -567,617 -21%
QI
6
QS Investors
New York
$95M +$3.17M +64,770 +3%
Wells Fargo
7
Wells Fargo
California
$60.1M -$17.1M -349,064 -21%
PNAA
8
Pictet North America Advisors
Switzerland
$54.6M -$474K -9,680 -0.8%
ACM
9
Americafirst Capital Management
California
$47.6M +$49.7K +1,015 New
IA
10
IndexIQ Advisors
New York
$46.1M +$317K +6,474 +0.7%
PNC Financial Services Group
11
PNC Financial Services Group
Pennsylvania
$39.7M +$2.74M +55,982 +7%
UBS Group
12
UBS Group
Switzerland
$39.2M +$40.9M +836,252 New
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$36.3M +$1.94M +39,601 +5%
LMIM
14
Lockheed Martin Investment Management
Maryland
$28M
HNB
15
Huntington National Bank
Ohio
$20.1M
TAG
16
Tactical Allocation Group
Michigan
$17.5M -$5.48M -111,865 -23%
Envestnet Asset Management
17
Envestnet Asset Management
Illinois
$16.3M -$8.18M -167,065 -32%
GC
18
Guggenheim Capital
Illinois
$15.2M -$963K -19,662 -6%
JIR
19
James Investment Research
Ohio
$14.1M
BlackRock
20
BlackRock
New York
$13.5M
LPL Financial
21
LPL Financial
California
$12.2M -$1.27M -26,024 -9%
Lazard Asset Management
22
Lazard Asset Management
New York
$12.1M
Bank of Montreal
23
Bank of Montreal
Ontario, Canada
$11.8M +$2.43M +49,596 +25%
Bessemer Group
24
Bessemer Group
New Jersey
$10.7M +$10.5M +215,402 +1,680%
SG Americas Securities
25
SG Americas Securities
New York
$10.3M

CWB Hedge Fund Activity: Q4 2014 in Review

173 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg Convertible Securities ETF (CWB) for Q4 2014, worth a combined $1.78B — up 5.6% from $1.69B a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new CWB positions and 21 closed out — a net gain of 13 holders — while 60 added to existing stakes and 58 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $283M. The largest seller was Schroder Investment Management Group, exiting entirely with an estimated $65.3M sold.

  • 173 institutional investors held State Street SPDR Bloomberg Convertible Securities ETF (CWB) as of Q4 2014, up from 163 in Q3 2014.
  • Funds reported $1.78B of State Street SPDR Bloomberg Convertible Securities ETF stock for Q4 2014, up 5.6% quarter-over-quarter.
  • 34 funds opened new State Street SPDR Bloomberg Convertible Securities ETF positions in Q4 2014 and 21 closed out, a net change of +13 holders.
  • The largest State Street SPDR Bloomberg Convertible Securities ETF buyer in Q4 2014 was Fidelity Investments, an estimated $283M added.
  • The largest State Street SPDR Bloomberg Convertible Securities ETF seller in Q4 2014 was Schroder Investment Management Group, an estimated $65.3M sold.

Based on aggregated 13F filings for Q4 2014.