Invesco DB Commodity Index Tracking Fund
DBC
234 hedge funds and large institutions have $3.13B invested in Invesco DB Commodity Index Tracking Fund in 2014 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 72 increasing their positions, 102 reducing their positions, and 31 closing their positions.
29% more call options, than puts
Call options by funds: $3.85M | Put options by funds: $2.98M
0.65% less ownership
Funds ownership: 55.78% → 55.14% (-0.65%)
2% less capital invested
Capital invested by funds: $3.2B → $3.13B (-$68.3M)
4% less funds holding
Funds holding: 243 → 234 (-9)
26% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 31
29% less funds holding in top 10
Funds holding in top 10: 14 → 10 (-4)
29% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 102
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Windhaven Investment Management
Boston,
Massachusetts
|
+$30.8M |
| 2 |
DCC
Dow Chemical Company
Midland,
Michigan
|
+$14.3M |
| 3 |
State Street
Boston,
Massachusetts
|
+$9.39M |
| 4 |
WCM
Windham Capital Management
Boston,
Massachusetts
|
+$9.03M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$8.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$70.3M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$39.1M |
| 3 |
SONJCPFE
State of New Jersey Common Pension Fund E
Trenton,
New Jersey
|
-$32.6M |
| 4 |
QI
QS Investors
New York
|
-$27.5M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$12.8M |
DBC Hedge Fund Activity: Q1 2014 in Review
234 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Commodity Index Tracking Fund (DBC) for Q1 2014, worth a combined $3.13B — down 2.1% from $3.2B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of DBC and 23 opened new positions — a net loss of 8 holders — while 102 trimmed existing stakes and 72 added.
The largest buyer was Windhaven Investment Management, adding an estimated $30.8M. The largest seller was JP Morgan Chase, cutting an estimated $70.3M.
- 234 institutional investors held Invesco DB Commodity Index Tracking Fund (DBC) as of Q1 2014, down from 243 in Q4 2013.
- Funds reported $3.13B of Invesco DB Commodity Index Tracking Fund stock for Q1 2014, down 2.1% quarter-over-quarter.
- 23 funds opened new Invesco DB Commodity Index Tracking Fund positions in Q1 2014 and 31 closed out, a net change of -8 holders.
- The largest Invesco DB Commodity Index Tracking Fund buyer in Q1 2014 was Windhaven Investment Management, an estimated $30.8M added.
- The largest Invesco DB Commodity Index Tracking Fund seller in Q1 2014 was JP Morgan Chase, an estimated $70.3M sold.
Based on aggregated 13F filings for Q1 2014.