State Street SPDR Bloomberg Convertible Securities ETF
185 hedge funds and large institutions have $1.48B invested in State Street SPDR Bloomberg Convertible Securities ETF in 2015 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 71 increasing their positions, 55 reducing their positions, and 17 closing their positions.
88% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 17
63% more funds holding in top 10
Funds holding in top 10: 8 → 13 (+5)
29% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 55
7% more funds holding
Funds holding: 173 → 185 (+12)
8.15% less ownership
Funds ownership: 59.25% → 51.1% (-8.2%)
15% less capital invested
Capital invested by funds: $1.73B → $1.48B (-$256M)
82% less call options, than puts
Call options by funds: $2.32M | Put options by funds: $12.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NSLI
Nan Shan Life Insurance
Taipei City,
Taiwan
|
+$68.9M |
| 2 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$51.1M |
| 3 |
IG
ING Group
Amsterdam,
Netherlands
|
+$23.6M |
| 4 |
HNB
Huntington National Bank
Columbus,
Ohio
|
+$18.1M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$200M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$187M |
| 3 |
Morgan Stanley
New York
|
-$49.4M |
| 4 |
LMIM
Lockheed Martin Investment Management
Bethesda,
Maryland
|
-$28M |
| 5 |
FAAM
First Allied Asset Management
San Diego,
California
|
-$9.77M |
CWB Hedge Fund Activity: Q1 2015 in Review
185 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg Convertible Securities ETF (CWB) for Q1 2015, worth a combined $1.48B — down 15% from $1.73B a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new CWB positions and 17 closed out — a net gain of 15 holders — while 71 added to existing stakes and 55 trimmed.
The largest buyer was Nan Shan Life Insurance, opening a new position worth an estimated $68.9M. The largest seller was Deutsche Bank, exiting entirely with an estimated $200M sold.
- 185 institutional investors held State Street SPDR Bloomberg Convertible Securities ETF (CWB) as of Q1 2015, up from 173 in Q4 2014.
- Funds reported $1.48B of State Street SPDR Bloomberg Convertible Securities ETF stock for Q1 2015, down 15% quarter-over-quarter.
- 32 funds opened new State Street SPDR Bloomberg Convertible Securities ETF positions in Q1 2015 and 17 closed out, a net change of +15 holders.
- The largest State Street SPDR Bloomberg Convertible Securities ETF buyer in Q1 2015 was Nan Shan Life Insurance, an estimated $68.9M added.
- The largest State Street SPDR Bloomberg Convertible Securities ETF seller in Q1 2015 was Deutsche Bank, an estimated $200M sold.
Based on aggregated 13F filings for Q1 2015.