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Invesco DB Agriculture Fund

96 hedge funds and large institutions have $224M invested in Invesco DB Agriculture Fund in 2017 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 30 increasing their positions, 24 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

227% more call options, than puts

Call options by funds: $27.3M | Put options by funds: $8.36M

25% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 24

0.18% less ownership

Funds ownership: 30.98%30.81% (-0.18%)

2% less capital invested

Capital invested by funds: $229M → $224M (-$4.74M)

10% less funds holding

Funds holding: 10796 (-11)

48% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 21

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
96
Holders Change
-11
Holders Change %
-10.28%
% of All Funds
2.39%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
11
Increased
30
Reduced
24
Closed
21
Calls
$27.3M
Puts
$8.36M
Net Calls
+$19M
Net Calls Change
+$23M
Name Holding Trade Value Shares
Change
Change in
Stake
GLI
1
Guardian Life Insurance
New York
$45.7M +$23.8M +1,169,972 +103%
Invesco
2
Invesco
Georgia
$45.1M +$9.86M +484,100 +27%
Bank of America
3
Bank of America
North Carolina
$24M +$3.72M +182,621 +18%
QI
4
QS Investors
New York
$20M +$923K +45,322 +5%
Morgan Stanley
5
Morgan Stanley
New York
$12.1M +$2.2M +107,959 +21%
Citigroup
6
Citigroup
New York
$10.1M -$4.65M -228,170 -31%
SG Americas Securities
7
SG Americas Securities
New York
$7.68M -$4.44M -217,880 -36%
UBS Group
8
UBS Group
Switzerland
$6.75M +$5.91M +290,150 +569%
Commonwealth Equity Services
9
Commonwealth Equity Services
Massachusetts
$4.19M +$4.31M +211,835 New
Wellington Management Group
10
Wellington Management Group
Massachusetts
$3.77M
Federated Hermes
11
Federated Hermes
Pennsylvania
$3.56M +$3.67M +180,000 New
Wells Fargo
12
Wells Fargo
California
$3.34M +$725K +35,601 +27%
HSBC Holdings
13
HSBC Holdings
United Kingdom
$2.82M
MHS
14
M Holdings Securities
Oregon
$2.5M +$49.9K +2,450 +2%
LTFS
15
Ladenburg Thalmann Financial Services
Florida
$2.35M -$41K -2,012 -2%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$1.66M +$427K +20,950 +33%
Mackenzie Financial
17
Mackenzie Financial
Ontario, Canada
$1.6M +$1.65M +81,000 New
ZIG
18
Zurich Insurance Group
Switzerland
$1.54M
FTUS
19
Flow Traders U.S.
New York
$1.43M +$1.2M +58,891 +439%
Mirae Asset Global Investments
20
Mirae Asset Global Investments
South Korea
$1.19M +$611K +30,000 +100%
Barclays
21
Barclays
United Kingdom
$1.1M +$360K +17,681 +47%
ACP
22
Arcus Capital Partners
Georgia
$1.06M +$34K +1,671 +3%
PP
23
Prudential plc
United Kingdom
$1.01M -$1.73M -84,850 -62%
VSI
24
Verde Servicos Internacionais
Brazil
$989K
AAP
25
Ardsley Advisory Partners
Connecticut
$989K +$1.02M +50,000 New

DBA Hedge Fund Activity: Q1 2017 in Review

96 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Agriculture Fund (DBA) for Q1 2017, worth a combined $224M — down 2.1% from $229M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of DBA and 11 opened new positions — a net loss of 10 holders — while 24 trimmed existing stakes and 30 added.

The largest buyer was Guardian Life Insurance, adding an estimated $23.8M. The largest seller was Manchester Capital Management, exiting entirely with an estimated $15.2M sold.

  • 96 institutional investors held Invesco DB Agriculture Fund (DBA) as of Q1 2017, down from 107 in Q4 2016.
  • Funds reported $224M of Invesco DB Agriculture Fund stock for Q1 2017, down 2.1% quarter-over-quarter.
  • 11 funds opened new Invesco DB Agriculture Fund positions in Q1 2017 and 21 closed out, a net change of -10 holders.
  • The largest Invesco DB Agriculture Fund buyer in Q1 2017 was Guardian Life Insurance, an estimated $23.8M added.
  • The largest Invesco DB Agriculture Fund seller in Q1 2017 was Manchester Capital Management, an estimated $15.2M sold.

Based on aggregated 13F filings for Q1 2017.