Invesco DB Commodity Index Tracking Fund
225 hedge funds and large institutions have $2.52B invested in Invesco DB Commodity Index Tracking Fund in 2014 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 62 increasing their positions, 88 reducing their positions, and 42 closing their positions.
2.86% more ownership
Funds ownership: 59.51% → 62.37% (+2.9%)
7% more call options, than puts
Call options by funds: $2.96M | Put options by funds: $2.77M
5% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 42
3% less funds holding
Funds holding: 231 → 225 (-6)
15% less capital invested
Capital invested by funds: $2.96B → $2.52B (-$439M)
27% less funds holding in top 10
Funds holding in top 10: 11 → 8 (-3)
30% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 88
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Windhaven Investment Management
Boston,
Massachusetts
|
+$197M |
| 2 |
Jane Street
New York
|
+$99.6M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$77.8M |
| 4 |
JP Morgan Chase
New York
|
+$55.3M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$48.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$150M |
| 2 |
Morgan Stanley
New York
|
-$56.5M |
| 3 |
Bank of New York Mellon
New York
|
-$24.1M |
| 4 |
M&T Bank
Buffalo,
New York
|
-$17.6M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$16.8M |
DBC Hedge Fund Activity: Q4 2014 in Review
225 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Commodity Index Tracking Fund (DBC) for Q4 2014, worth a combined $2.52B — down 15% from $2.96B a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of DBC and 40 opened new positions — a net loss of 2 holders — while 88 trimmed existing stakes and 62 added.
The largest buyer was Windhaven Investment Management, adding an estimated $197M. The largest seller was Bank of America, cutting an estimated $150M.
- 225 institutional investors held Invesco DB Commodity Index Tracking Fund (DBC) as of Q4 2014, down from 231 in Q3 2014.
- Funds reported $2.52B of Invesco DB Commodity Index Tracking Fund stock for Q4 2014, down 15% quarter-over-quarter.
- 40 funds opened new Invesco DB Commodity Index Tracking Fund positions in Q4 2014 and 42 closed out, a net change of -2 holders.
- The largest Invesco DB Commodity Index Tracking Fund buyer in Q4 2014 was Windhaven Investment Management, an estimated $197M added.
- The largest Invesco DB Commodity Index Tracking Fund seller in Q4 2014 was Bank of America, an estimated $150M sold.
Based on aggregated 13F filings for Q4 2014.