State Street SPDR Bloomberg Convertible Securities ETF
332 hedge funds and large institutions have $2.16B invested in State Street SPDR Bloomberg Convertible Securities ETF in 2018 Q4 according to their latest regulatory filings, with 62 funds opening new positions, 99 increasing their positions, 140 reducing their positions, and 72 closing their positions.
1.74% less ownership
Funds ownership: 57.03% → 55.29% (-1.7%)
4% less funds holding
Funds holding: 345 → 332 (-13)
14% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 72
23% less capital invested
Capital invested by funds: $2.79B → $2.16B (-$633M)
29% less repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 140
32% less funds holding in top 10
Funds holding in top 10: 34 → 23 (-11)
68% less call options, than puts
Call options by funds: $267K | Put options by funds: $846K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AssetMark Inc
Concord,
California
|
+$73.8M |
| 2 |
JP Morgan Chase
New York
|
+$44.7M |
| 3 |
NSLI
Nan Shan Life Insurance
Taipei City,
Taiwan
|
+$30.7M |
| 4 |
QI
QS Investors
New York
|
+$28.8M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
+$21.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$55.8M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$47.8M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$39.8M |
| 4 |
State Street
Boston,
Massachusetts
|
-$36.6M |
| 5 |
HCM
Howard Capital Management
Roswell,
Georgia
|
-$30.5M |
CWB Hedge Fund Activity: Q4 2018 in Review
332 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg Convertible Securities ETF (CWB) for Q4 2018, worth a combined $2.16B — down 23% from $2.79B a quarter earlier.
Sellers outnumbered buyers: 72 funds closed out of CWB and 62 opened new positions — a net loss of 10 holders — while 140 trimmed existing stakes and 99 added.
The largest buyer was AssetMark Inc, adding an estimated $73.8M. The largest seller was Jane Street, cutting an estimated $55.8M.
- 332 institutional investors held State Street SPDR Bloomberg Convertible Securities ETF (CWB) as of Q4 2018, down from 345 in Q3 2018.
- Funds reported $2.16B of State Street SPDR Bloomberg Convertible Securities ETF stock for Q4 2018, down 23% quarter-over-quarter.
- 62 funds opened new State Street SPDR Bloomberg Convertible Securities ETF positions in Q4 2018 and 72 closed out, a net change of -10 holders.
- The largest State Street SPDR Bloomberg Convertible Securities ETF buyer in Q4 2018 was AssetMark Inc, an estimated $73.8M added.
- The largest State Street SPDR Bloomberg Convertible Securities ETF seller in Q4 2018 was Jane Street, an estimated $55.8M sold.
Based on aggregated 13F filings for Q4 2018.