Invesco DB Agriculture Fund
118 hedge funds and large institutions have $310M invested in Invesco DB Agriculture Fund in 2013 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 14 increasing their positions, 53 reducing their positions, and 15 closing their positions.
60% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 15
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
8% more funds holding
Funds holding: 109 → 118 (+9)
2.04% less ownership
Funds ownership: 26.7% → 24.66% (-2%)
15% less call options, than puts
Call options by funds: $7.03M | Put options by funds: $8.22M
25% less capital invested
Capital invested by funds: $414M → $310M (-$104M)
74% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$1.23M |
| 2 |
Citigroup
New York
|
+$1.2M |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$1.04M |
| 4 |
OL
Orbitronix LP
Newport Beach,
California
|
+$1,000K |
| 5 |
PI
Placemark Investments
Chicago,
Illinois
|
+$911K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$18.9M |
| 2 |
GLI
Guardian Life Insurance
New York
|
-$16.7M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$15.1M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$10.7M |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$5.65M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FAAS
126
First Allied Advisory Services
San Diego,
California
| – | -$264K | -10,172 | Closed |
|
|
PP
127
Prudential plc
London, England,
United Kingdom
| – | -$240K | -9,500 | Closed |
|
128
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$228K | -8,998 | Closed |
|
|
WT
129
Whittier Trust
South Pasadena,
California
| – | -$53K | -2,100 | Closed |
|
|
MA
130
MCF Advisors
Covington,
Kentucky
| – | -$16K | -600 | Closed |
|
|
HRIA
131
Haberer Registered Investment Advisor
Cincinnati,
Ohio
| – | -$13K | -500 | Closed |
|
|
CA
132
CapWealth Advisors
Franklin,
Tennessee
| – | -$10K | -400 | Closed |
|
|
RFA
133
Reilly Financial Advisors
La Mesa,
California
| – | -$8K | -300 | Closed |
|
|
FANJ
134
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$3K | -99 | Closed |
|
DBA Hedge Fund Activity: Q4 2013 in Review
118 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Agriculture Fund (DBA) for Q4 2013, worth a combined $310M — down 25% from $414M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new DBA positions and 15 closed out — a net gain of 9 holders — while 14 added to existing stakes and 53 trimmed.
The largest buyer was Virtu Financial, opening a new position worth an estimated $1.23M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $18.9M.
- 118 institutional investors held Invesco DB Agriculture Fund (DBA) as of Q4 2013, up from 109 in Q3 2013.
- Funds reported $310M of Invesco DB Agriculture Fund stock for Q4 2013, down 25% quarter-over-quarter.
- 24 funds opened new Invesco DB Agriculture Fund positions in Q4 2013 and 15 closed out, a net change of +9 holders.
- The largest Invesco DB Agriculture Fund buyer in Q4 2013 was Virtu Financial, an estimated $1.23M added.
- The largest Invesco DB Agriculture Fund seller in Q4 2013 was Charles Schwab Investment Advisory, an estimated $18.9M sold.
Based on aggregated 13F filings for Q4 2013.