Invesco DB Agriculture Fund
124 hedge funds and large institutions have $455M invested in Invesco DB Agriculture Fund in 2014 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 36 increasing their positions, 33 reducing their positions, and 13 closing their positions.
364% more call options, than puts
Call options by funds: $49.9M | Put options by funds: $10.7M
54% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 13
47% more capital invested
Capital invested by funds: $310M → $455M (+$145M)
5% more funds holding
Funds holding: 118 → 124 (+6)
4.79% more ownership
Funds ownership: 24.66% → 29.45% (+4.8%)
9% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 33
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$25.6M |
| 2 |
QI
QS Investors
New York
|
+$18.2M |
| 3 |
VC
Vicus Capital
State College,
Pennsylvania
|
+$9.23M |
| 4 |
LPL Financial
San Diego,
California
|
+$7.2M |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$6.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mitsubishi UFJ Trust & Banking
Tokyo,
Japan
|
-$16.2M |
| 2 |
MCM
Manchester Capital Management
Manchester,
Vermont
|
-$3.45M |
| 3 |
Goldman Sachs
New York
|
-$2.39M |
| 4 |
KAH
Kathryn A. Hall
|
-$2.15M |
| 5 |
BA
Boston Advisors
Boston,
Massachusetts
|
-$2.05M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KAH
126
Kathryn A. Hall
| – | -$2.15M | -88,713 | Closed |
|
|
AWA
127
Arete Wealth Advisors
Chicago,
Illinois
| – | -$1.99M | -82,085 | Closed |
|
|
VF
128
Virtu Financial
New York
| – | -$1.19M | -49,179 | Closed |
|
|
OL
129
Orbitronix LP
Newport Beach,
California
| – | -$1.05M | -40,000 | Closed |
|
|
NIA
130
Northstar Investment Advisors
Denver,
Colorado
| – | -$485K | -20,000 | Closed |
|
|
EP
131
Elkhorn Partners
Omaha,
Nebraska
| – | -$403K | -16,600 | Closed |
|
|
DWT
132
Dorsey & Whitney Trust
Sioux Falls,
South Dakota
| – | -$376K | -15,485 | Closed |
|
133
Fiera Capital (Canada)
Montreal,
Quebec, Canada
| – | -$351K | -14,475 | Closed |
|
|
CNB
134
City National Bank
Beverly Hills,
California
| – | -$291K | -12,010 | Closed |
|
|
USGIU
135
U.S. Global Investors (USGI)
San Antonio,
Texas
| – | -$117K | -4,860 | Closed |
|
|
PFA
136
Paradigm Financial Advisors
Des Peres,
Missouri
| – | -$38K | -1,547 | Closed |
|
|
ECM
137
Estabrook Capital Management
New York
| – | -$679 | -28 | Closed |
|
DBA Hedge Fund Activity: Q1 2014 in Review
124 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Agriculture Fund (DBA) for Q1 2014, worth a combined $455M — up 47% from $310M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new DBA positions and 13 closed out — a net gain of 7 holders — while 36 added to existing stakes and 33 trimmed.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $25.6M. The largest seller was Mitsubishi UFJ Trust & Banking, exiting entirely with an estimated $16.2M sold.
- 124 institutional investors held Invesco DB Agriculture Fund (DBA) as of Q1 2014, up from 118 in Q4 2013.
- Funds reported $455M of Invesco DB Agriculture Fund stock for Q1 2014, up 47% quarter-over-quarter.
- 20 funds opened new Invesco DB Agriculture Fund positions in Q1 2014 and 13 closed out, a net change of +7 holders.
- The largest Invesco DB Agriculture Fund buyer in Q1 2014 was Charles Schwab Investment Advisory, an estimated $25.6M added.
- The largest Invesco DB Agriculture Fund seller in Q1 2014 was Mitsubishi UFJ Trust & Banking, an estimated $16.2M sold.
Based on aggregated 13F filings for Q1 2014.