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Invesco DB Commodity Index Tracking Fund
DBC

239 hedge funds and large institutions have $882M invested in Invesco DB Commodity Index Tracking Fund in 2023 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 60 increasing their positions, 95 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more call options, than puts

Call options by funds: $12M | Put options by funds: $4.79M

9% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 33

0.2% less ownership

Funds ownership: 46.03% → 45.83% (-0.2%)

0% less funds holding

Funds holding: 240 → 239 (-1)

13% less capital invested

Capital invested by funds: $1.01B → $882M (-$127M)

29% less funds holding in top 10

Funds holding in top 10: 7 → 5 (-2)

37% less repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 95

Holders
239
Holders Change
-1
Holders Change %
-0.42%
% of All Funds
3.48%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.07%
New
36
Increased
60
Reduced
95
Closed
33
Calls
$12M
Puts
$4.79M
Net Calls
+$7.19M
Net Calls Change
-$2.9M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$80.4M
2
JP Morgan Chase
JP Morgan Chase
New York
+$17.3M
3
Goldman Sachs
Goldman Sachs
New York
+$9.56M
4
Jane Street
Jane Street
New York
+$9.32M
5
FHC
First Heartland Consultants
Missouri
+$7.44M

Top Sellers

1
IGAM
iA Global Asset Management
Quebec, Canada
-$25.2M
2
MSAM
Moloney Securities Asset Management
Missouri
-$19.5M
3
EC
Estate Counselors
Wisconsin
-$16.6M
4
Deutsche Bank
Deutsche Bank
Germany
-$10.2M
5
AAM
Augustine Asset Management
Florida
-$9.38M
Name Holding Trade Value Shares
Change 		Change in
Stake
AI
51
Atria Investments
North Carolina
$1.69M -$522K -21,856 -22%
Cambridge Investment Research Advisors
52
Cambridge Investment Research Advisors
Iowa
$1.6M -$134K -5,598 -7%
Pathstone Holdings
53
Pathstone Holdings
New Jersey
$1.6M +$1.73M +72,432 New
AAM
54
Aureus Asset Management
Massachusetts
$1.56M – – –
DPIM
55
Duff & Phelps Investment Management
Illinois
$1.5M -$139K -5,800 -8%
MML Investors Services
56
MML Investors Services
Massachusetts
$1.48M -$294K -12,298 -15%
RJFSA
57
Raymond James Financial Services Advisors
Florida
$1.46M -$291K -12,189 -16%
KAS
58
Kestra Advisory Services
Texas
$1.23M -$25K -1,048 -2%
Comerica Bank
59
Comerica Bank
Texas
$1.21M -$555K -23,213 -30%
Stifel Financial
60
Stifel Financial
Missouri
$1.19M -$21.8K -911 -2%
ACM
61
Anfield Capital Management
California
$1.06M -$892K -37,338 -44%
BWM
62
BKM Wealth Management
Wisconsin
$1.02M +$1.11M +46,440 New
Truist Financial
63
Truist Financial
North Carolina
$957K -$142K -5,958 -12%
M&T Bank
64
M&T Bank
New York
$881K -$10.3K -429 -1%
Citadel Advisors
65
Citadel Advisors
Florida
$876K -$504K -21,113 -35%
MSFS
66
Main Street Financial Solutions
Pennsylvania
$838K -$113K -4,749 -11%
CIS
67
Custom Index Systems
New York
$837K +$907K +37,964 New
SCA
68
Sage Capital Advisors
South Dakota
$835K +$905K +37,893 New
US Bancorp
69
US Bancorp
Minnesota
$834K -$10.4K -437 -1%
MFIM
70
Mesirow Financial Investment Management
Illinois
$824K +$893K +37,381 New
Prudential Financial
71
Prudential Financial
New Jersey
$774K -$199K -8,319 -19%
AG
72
AlTi Global
New York
$772K +$837K +35,041 New
OP
73
ORG Partners
Indiana
$768K +$693 +29 +0.1%
OFG
74
OmniStar Financial Group
North Carolina
$755K -$55.9K -2,341 -6%
PNC Financial Services Group
75
PNC Financial Services Group
Pennsylvania
$749K -$88K -3,682 -10%
1 2
3
4 5

DBC Hedge Fund Activity: Q4 2023 in Review

239 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Commodity Index Tracking Fund (DBC) for Q4 2023, worth a combined $882M — down 13% from $1.01B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new DBC positions and 33 closed out — a net gain of 3 holders — while 60 added to existing stakes and 95 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $80.4M. The largest seller was iA Global Asset Management, exiting entirely with an estimated $25.2M sold.

  • 239 institutional investors held Invesco DB Commodity Index Tracking Fund (DBC) as of Q4 2023, down from 240 in Q3 2023.
  • Funds reported $882M of Invesco DB Commodity Index Tracking Fund stock for Q4 2023, down 13% quarter-over-quarter.
  • 36 funds opened new Invesco DB Commodity Index Tracking Fund positions in Q4 2023 and 33 closed out, a net change of +3 holders.
  • The largest Invesco DB Commodity Index Tracking Fund buyer in Q4 2023 was Morgan Stanley, an estimated $80.4M added.
  • The largest Invesco DB Commodity Index Tracking Fund seller in Q4 2023 was iA Global Asset Management, an estimated $25.2M sold.

Based on aggregated 13F filings for Q4 2023.