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Invesco DB Commodity Index Tracking Fund

211 hedge funds and large institutions have $1.04B invested in Invesco DB Commodity Index Tracking Fund in 2018 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 50 increasing their positions, 79 reducing their positions, and 48 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more funds holding in top 10

Funds holding in top 10: 611 (+5)

18% more call options, than puts

Call options by funds: $2M | Put options by funds: $1.7M

11.11% more ownership

Funds ownership: 38.61%49.72% (+11%)

4% less funds holding

Funds holding: 220211 (-9)

17% less first-time investments, than exits

New positions opened: 40 | Existing positions closed: 48

37% less capital invested

Capital invested by funds: $1.64B → $1.04B (-$600M)

37% less repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 79

Holders
211
Holders Change
-9
Holders Change %
-4.09%
% of All Funds
4.7%
Holding in Top 10
11
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+83.33%
% of All Funds
0.25%
New
40
Increased
50
Reduced
79
Closed
48
Calls
$2M
Puts
$1.7M
Net Calls
+$305K
Net Calls Change
-$2.93M
Name Holding Trade Value Shares
Change
Change in
Stake
Northwestern Mutual Wealth Management
26
Northwestern Mutual Wealth Management
Wisconsin
$5.45M +$6.17M +376,021 New
GAG
27
GM Advisory Group
New York
$5.14M -$954K -58,120 -14%
Envestnet Asset Management
28
Envestnet Asset Management
Illinois
$4.71M +$4.7M +286,392 +734%
PI
29
PFS Investments
Georgia
$4.47M +$1.6M +97,456 +49%
Manulife (Manufacturers Life Insurance)
30
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$4.07M +$3.98M +242,587 +640%
Bank of Montreal
31
Bank of Montreal
Ontario, Canada
$3.83M -$387K -23,600 -8%
MML Investors Services
32
MML Investors Services
Massachusetts
$3.78M +$2.71M +165,018 +172%
LMIM
33
Lockheed Martin Investment Management
Maryland
$3.69M +$4.19M +255,000 New
PL
34
Polianta Ltd
Jersey
$3.45M -$4.86M -295,800 -55%
LP
35
LGL Partners
Pennsylvania
$3.22M +$2.21M +134,685 +154%
FTUS
36
Flow Traders U.S.
New York
$2.78M +$3.15M +191,959 New
Jane Street
37
Jane Street
New York
$2.69M +$2.66M +162,282 +687%
RJA
38
Raymond James & Associates
Florida
$2.47M -$173K -10,513 -6%
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$2.36M -$3.06M -186,423 -53%
M&T Bank
40
M&T Bank
New York
$2.25M -$609K -37,091 -19%
Commonwealth Equity Services
41
Commonwealth Equity Services
Massachusetts
$2.13M -$166K -10,093 -6%
State Street
42
State Street
Massachusetts
$2.11M -$828K -50,430 -26%
Goldman Sachs
43
Goldman Sachs
New York
$2.1M -$4.06M -247,327 -63%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$2.01M +$160K +9,766 +8%
1IA
45
1834 Investment Advisors
Wisconsin
$1.74M +$61.9K +3,770 +3%
Cambridge Investment Research Advisors
46
Cambridge Investment Research Advisors
Iowa
$1.65M -$5.06M -308,075 -73%
MFM
47
Mirsky Financial Management
New York
$1.6M +$1.81M +110,400 New
FTI
48
Fiduciary Trust International
Massachusetts
$1.57M +$425K +25,863 +31%
SI
49
Stephens Inc
Arkansas
$1.56M -$164K -9,985 -8%
Deutsche Bank
50
Deutsche Bank
Germany
$1.56M -$3.52M -214,338 -67%

DBC Hedge Fund Activity: Q4 2018 in Review

211 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Commodity Index Tracking Fund (DBC) for Q4 2018, worth a combined $1.04B — down 37% from $1.64B a quarter earlier.

Sellers outnumbered buyers: 48 funds closed out of DBC and 40 opened new positions — a net loss of 8 holders — while 79 trimmed existing stakes and 50 added.

The largest buyer was Jabodon PT Co, opening a new position worth an estimated $54.5M. The largest seller was Bank of America, cutting an estimated $30.2M.

  • 211 institutional investors held Invesco DB Commodity Index Tracking Fund (DBC) as of Q4 2018, down from 220 in Q3 2018.
  • Funds reported $1.04B of Invesco DB Commodity Index Tracking Fund stock for Q4 2018, down 37% quarter-over-quarter.
  • 40 funds opened new Invesco DB Commodity Index Tracking Fund positions in Q4 2018 and 48 closed out, a net change of -8 holders.
  • The largest Invesco DB Commodity Index Tracking Fund buyer in Q4 2018 was Jabodon PT Co, an estimated $54.5M added.
  • The largest Invesco DB Commodity Index Tracking Fund seller in Q4 2018 was Bank of America, an estimated $30.2M sold.

Based on aggregated 13F filings for Q4 2018.