Invesco DB Commodity Index Tracking Fund
DBC
188 hedge funds and large institutions have $587M invested in Invesco DB Commodity Index Tracking Fund in 2019 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 39 increasing their positions, 65 reducing their positions, and 31 closing their positions.
347% more call options, than puts
Call options by funds: $4.55M | Put options by funds: $1.02M
29% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 31
4% more funds holding
Funds holding: 181 → 188 (+7)
0.75% more ownership
Funds ownership: 38.34% → 39.09% (+0.75%)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
2% less capital invested
Capital invested by funds: $597M → $587M (-$9.64M)
40% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 65
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$37.9M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$8.17M |
| 3 |
State Street
Boston,
Massachusetts
|
+$7.91M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$6.85M |
| 5 |
Nomura Asset Management
Tokyo,
Japan
|
+$4.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLI
Guardian Life Insurance
New York
|
-$39.5M |
| 2 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$17.7M |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$14.4M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$9.55M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$8.55M |
DBC Hedge Fund Activity: Q4 2019 in Review
188 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Commodity Index Tracking Fund (DBC) for Q4 2019, worth a combined $587M — down 1.6% from $597M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new DBC positions and 31 closed out — a net gain of 9 holders — while 39 added to existing stakes and 65 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $37.9M. The largest seller was Guardian Life Insurance, exiting entirely with an estimated $39.5M sold.
- 188 institutional investors held Invesco DB Commodity Index Tracking Fund (DBC) as of Q4 2019, up from 181 in Q3 2019.
- Funds reported $587M of Invesco DB Commodity Index Tracking Fund stock for Q4 2019, down 1.6% quarter-over-quarter.
- 40 funds opened new Invesco DB Commodity Index Tracking Fund positions in Q4 2019 and 31 closed out, a net change of +9 holders.
- The largest Invesco DB Commodity Index Tracking Fund buyer in Q4 2019 was JP Morgan Chase, an estimated $37.9M added.
- The largest Invesco DB Commodity Index Tracking Fund seller in Q4 2019 was Guardian Life Insurance, an estimated $39.5M sold.
Based on aggregated 13F filings for Q4 2019.