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Invesco DB Commodity Index Tracking Fund
DBC

179 hedge funds and large institutions have $300M invested in Invesco DB Commodity Index Tracking Fund in 2020 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 39 increasing their positions, 63 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% less call options, than puts

Call options by funds: $978K | Put options by funds: $1.03M

8% less first-time investments, than exits

New positions opened: 37 | Existing positions closed: 40

5% less funds holding

Funds holding: 188 → 179 (-9)

9.53% less ownership

Funds ownership: 39.09% → 29.56% (-9.5%)

38% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 63

49% less capital invested

Capital invested by funds: $587M → $300M (-$287M)

83% less funds holding in top 10

Funds holding in top 10: 6 → 1 (-5)

Holders
179
Holders Change
-9
Holders Change %
-4.79%
% of All Funds
3.94%
Holding in Top 10
1
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-83.33%
% of All Funds
0.02%
New
37
Increased
39
Reduced
63
Closed
40
Calls
$978K
Puts
$1.03M
Net Calls
-$49K
Net Calls Change
-$3.58M

Top Buyers

Rank Fund Capital Flow
1
Victory Capital Management
Victory Capital Management
Texas
+$5.9M
2
Jane Street
Jane Street
New York
+$5.12M
3
Russell Investments Group
Russell Investments Group
United Kingdom
+$4.82M
4
F
Filament
Washington
+$4.32M
5
MWA
MFA Wealth Advisors
Pennsylvania
+$3.21M

Top Sellers

Rank Fund Capital Flow
1
JPC
Jabodon PT Co
Nevada
-$51.7M
2
JP Morgan Chase
JP Morgan Chase
New York
-$33.1M
3
NA
NextCapital Advisers
Illinois
-$22.3M
4
Bank of America
Bank of America
North Carolina
-$12.8M
5
Wells Fargo
Wells Fargo
California
-$10.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
AFS
26
Axiom Financial Strategies
Indiana
$1.74M +$2.16M +154,763 New
Northwestern Mutual Wealth Management
27
Northwestern Mutual Wealth Management
Wisconsin
$1.62M -$2.85M -204,137 -59%
CFD
28
Creative Financial Designs
Indiana
$1.59M +$639K +45,752 +48%
EH
29
Equitable Holdings
New York
$1.58M -$71.1K -5,085 -3%
Osaic Holdings
30
Osaic Holdings
Arizona
$1.58M +$1.96M +140,357 New
Mariner
31
Mariner
Kansas
$1.51M -$4.19M -300,014 -69%
Ameriprise
32
Ameriprise
Minnesota
$1.48M -$811K -58,061 -31%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$1.36M -$778K -55,657 -31%
EPA
34
Element Pointe Advisors
Florida
$1.24M -$3.68M -262,963 -70%
M&T Bank
35
M&T Bank
New York
$1.14M -$270K -19,351 -16%
HH
36
Hilltop Holdings
Texas
$1.13M +$1.01M +72,321 +255%
Commonwealth Equity Services
37
Commonwealth Equity Services
Massachusetts
$1.08M -$344K -24,624 -20%
RJA
38
Raymond James & Associates
Florida
$1.08M -$431K -30,825 -24%
SG Americas Securities
39
SG Americas Securities
New York
$1.02M +$570K +40,766 +81%
FAAS
40
First Allied Advisory Services
California
$1M -$83.1K -5,945 -6%
SI
41
Stephens Inc
Arkansas
$971K – – –
MG
42
Mather Group
Illinois
$964K +$96.3K +6,889 +9%
V
43
Veritable
Delaware
$918K -$49.6K -3,552 -4%
MML Investors Services
44
MML Investors Services
Massachusetts
$912K -$388K -27,777 -26%
AAM
45
Aureus Asset Management
Massachusetts
$910K – – –
Deutsche Bank
46
Deutsche Bank
Germany
$897K +$817K +58,450 +275%
CAN
47
Cetera Advisor Networks
California
$877K +$47.2K +3,374 +5%
Cambridge Investment Research Advisors
48
Cambridge Investment Research Advisors
Iowa
$856K -$1.04M -74,482 -49%
Prudential Financial
49
Prudential Financial
New Jersey
$834K +$148K +10,590 +17%
Citadel Advisors
50
Citadel Advisors
Florida
$833K +$656K +46,959 +173%
1
2
3 4 5

DBC Hedge Fund Activity: Q1 2020 in Review

179 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Commodity Index Tracking Fund (DBC) for Q1 2020, worth a combined $300M — down 49% from $587M a quarter earlier.

Sellers outnumbered buyers: 40 funds closed out of DBC and 37 opened new positions — a net loss of 3 holders — while 63 trimmed existing stakes and 39 added.

The largest buyer was Victory Capital Management, adding an estimated $5.9M. The largest seller was Jabodon PT Co, exiting entirely with an estimated $51.7M sold.

  • 179 institutional investors held Invesco DB Commodity Index Tracking Fund (DBC) as of Q1 2020, down from 188 in Q4 2019.
  • Funds reported $300M of Invesco DB Commodity Index Tracking Fund stock for Q1 2020, down 49% quarter-over-quarter.
  • 37 funds opened new Invesco DB Commodity Index Tracking Fund positions in Q1 2020 and 40 closed out, a net change of -3 holders.
  • The largest Invesco DB Commodity Index Tracking Fund buyer in Q1 2020 was Victory Capital Management, an estimated $5.9M added.
  • The largest Invesco DB Commodity Index Tracking Fund seller in Q1 2020 was Jabodon PT Co, an estimated $51.7M sold.

Based on aggregated 13F filings for Q1 2020.