State Street SPDR Bloomberg Convertible Securities ETF
244 hedge funds and large institutions have $2.05B invested in State Street SPDR Bloomberg Convertible Securities ETF in 2017 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 103 increasing their positions, 76 reducing their positions, and 23 closing their positions.
52% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 23
36% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 76
10% more capital invested
Capital invested by funds: $1.86B → $2.05B (+$190M)
5% more funds holding
Funds holding: 233 → 244 (+11)
0.5% less ownership
Funds ownership: 59.6% → 59.11% (-0.5%)
8% less funds holding in top 10
Funds holding in top 10: 24 → 22 (-2)
74% less call options, than puts
Call options by funds: $409K | Put options by funds: $1.56M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
BTS Asset Management
Lincoln,
Massachusetts
|
+$43.6M |
| 2 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
+$33.4M |
| 3 |
HI
Horizon Investments
Charlotte,
North Carolina
|
+$20.9M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$20.7M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$20.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$47.1M |
| 2 |
Morgan Stanley
New York
|
-$16.7M |
| 3 |
QI
QS Investors
New York
|
-$15.3M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$13.8M |
| 5 |
IA
IndexIQ Advisors
New York
|
-$10M |
CWB Hedge Fund Activity: Q1 2017 in Review
244 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg Convertible Securities ETF (CWB) for Q1 2017, worth a combined $2.05B — up 10% from $1.86B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new CWB positions and 23 closed out — a net gain of 12 holders — while 103 added to existing stakes and 76 trimmed.
The largest buyer was BTS Asset Management, opening a new position worth an estimated $43.6M. The largest seller was Ameriprise, cutting an estimated $47.1M.
- 244 institutional investors held State Street SPDR Bloomberg Convertible Securities ETF (CWB) as of Q1 2017, up from 233 in Q4 2016.
- Funds reported $2.05B of State Street SPDR Bloomberg Convertible Securities ETF stock for Q1 2017, up 10% quarter-over-quarter.
- 35 funds opened new State Street SPDR Bloomberg Convertible Securities ETF positions in Q1 2017 and 23 closed out, a net change of +12 holders.
- The largest State Street SPDR Bloomberg Convertible Securities ETF buyer in Q1 2017 was BTS Asset Management, an estimated $43.6M added.
- The largest State Street SPDR Bloomberg Convertible Securities ETF seller in Q1 2017 was Ameriprise, an estimated $47.1M sold.
Based on aggregated 13F filings for Q1 2017.