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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
188
Holders Change
+7
Holders Change %
+3.87%
% of All Funds
3.7%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.12%
New
40
Increased
39
Reduced
65
Closed
31
Calls
$4.55M
Puts
$1.02M
Net Calls
+$3.53M
Net Calls Change
+$3.27M

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$37.9M
2
AllianceBernstein
AllianceBernstein
Tennessee
+$8.17M
3
State Street
State Street
Massachusetts
+$7.91M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$6.85M
5
Nomura Asset Management
Nomura Asset Management
Japan
+$4.07M

Top Sellers

Rank Fund Capital Flow
1
GLI
Guardian Life Insurance
New York
-$39.5M
2
BCI
Brinker Capital Investments
Pennsylvania
-$17.7M
3
Northern Trust
Northern Trust
Illinois
-$14.4M
4
Bank of America
Bank of America
North Carolina
-$9.55M
5
Wells Fargo
Wells Fargo
California
-$8.55M
Name Holding Trade Value Shares
Change 		Change in
Stake
EFSCE
151
Enterprise Financial Services Corp (EFSC)
Missouri
$29K – – –
GT
152
Glenmede Trust
Pennsylvania
$26K -$6.49K -418 -20%
GWM
153
Geneos Wealth Management
Colorado
$26K – – –
S
154
SignatureFD
Georgia
$24K -$9.64K -621 -30%
SIAP
155
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
$18K +$18.4K +1,185 New
GEA
156
Glen Eagle Advisors
New Jersey
$17K +$264 +17 +2%
FHA
157
Flagship Harbor Advisors
Massachusetts
$16K -$4.66K -300 -23%
QI
158
QS Investors
New York
$13K – – –
VFA
159
Valeo Financial Advisors
Indiana
$12K – – –
GRP
160
Global Retirement Partners
California
$11K – – –
HI
161
Hudock Inc
Pennsylvania
$11K +$109 +7 +0.9%
SFS
162
Sowell Financial Services
Arkansas
$11K +$6.16K +397 +132%
PA
163
Procyon Advisors
Connecticut
$11K +$10.9K +701 New
CAL
164
Capital Advisors Ltd
Ohio
$10K +$9.31K +600 New
CYG
165
Clean Yield Group
Vermont
$10K +$10.1K +650 New
CFGS
166
Concourse Financial Group Securities
Alabama
$9K +$8.38K +540 New
IA
167
IFP Advisors
Florida
$8K -$151K -9,755 -95%
Daiwa Securities Group
168
Daiwa Securities Group
Japan
$8K – – –
IAS
169
IMA Advisory Services
Colorado
$8K – – –
SCA
170
Stonebridge Capital Advisors
Minnesota
$6K – – –
AIC
171
Archer Investment Corporation
Indiana
$5K -$1.78K -115 -28%
LWA
172
Lowe Wealth Advisors
Maryland
$5K – – –
WB
173
Webster Bank
Connecticut
$5K – – –
FWM
174
Focused Wealth Management
New York
$4K – – –
GTAM
175
Global Trust Asset Management
Florida
$4K – – –
5 6
7
8 9

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.