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Invesco DB Commodity Index Tracking Fund
DBC

203 hedge funds and large institutions have $1.12B invested in Invesco DB Commodity Index Tracking Fund in 2015 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 58 increasing their positions, 68 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 34

2.41% more ownership

Funds ownership: 52.87% → 55.28% (+2.4%)

2% more funds holding

Funds holding: 200 → 203 (+3)

8% more call options, than puts

Call options by funds: $2.19M | Put options by funds: $2.03M

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

13% less capital invested

Capital invested by funds: $1.28B → $1.12B (-$163M)

15% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 68

Holders
203
Holders Change
+3
Holders Change %
+1.5%
% of All Funds
5.33%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.16%
New
38
Increased
58
Reduced
68
Closed
34
Calls
$2.19M
Puts
$2.03M
Net Calls
+$157K
Net Calls Change
-$487K

Top Buyers

1
PI
PineBridge Investments
New York
+$60M
2
Morgan Stanley
Morgan Stanley
New York
+$36.3M
3
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
+$26.3M
4
EA
Evanston Advisors
Illinois
+$12.8M
5
BCI
Brinker Capital Investments
Pennsylvania
+$7.93M

Top Sellers

1
PCA
Personal Capital Advisors
California
-$28.6M
2
JP Morgan Chase
JP Morgan Chase
New York
-$27.5M
3
IG
ING Group
Netherlands
-$27.3M
4
HCC
Hirtle Callaghan & Co
Pennsylvania
-$26.3M
5
Wells Fargo
Wells Fargo
California
-$14.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
N
201
Nuveen
North Carolina
$361 -$8.4M -580,439 -96%
IG
202
ING Group
Netherlands
– -$27.3M -1,800,000 Closed
BA
203
BlackRock Advisors
Delaware
– -$4.65M -307,000 Closed
RBC
204
Roble Belko & Company
Pennsylvania
– -$3.83M -252,800 Closed
FA
205
FCG Advisors
New Jersey
– -$1.55M -104,094 Closed
NG
206
NatWest Group
United Kingdom
– -$1.32M -87,000 Closed
GC
207
Guggenheim Capital
Illinois
– -$786K -51,920 Closed
TWM
208
Torch Wealth Management
Ohio
– -$700K -46,198 Closed
PPA
209
Parametric Portfolio Associates
Washington
– -$693K -45,714 Closed
AC
210
AFAM Capital
Texas
– -$677K -44,678 Closed
NP
211
NorthRock Partners
Minnesota
– -$512K -34,920 Closed
Neuberger Berman Group
212
Neuberger Berman Group
New York
– -$377K -24,915 Closed
LIA
213
LS Investment Advisors
Michigan
– -$362K -23,875 Closed
IC
214
InterOcean Capital
Illinois
– -$361K -23,798 Closed
GWM
215
Greenwich Wealth Management
Connecticut
– -$351K -23,138 Closed
IAA
216
Ironsides Asset Advisors
North Carolina
– -$220K -14,500 Closed
FC
217
Financial Consulate
Maryland
– -$200K -13,232 Closed
BO
218
BRR OpCo
Ohio
– -$190K -12,519 Closed
WAM
219
Wolverine Asset Management
Illinois
– -$186K -12,300 Closed
RCWMU
220
Rothschild & Co Wealth Management (UK)
United Kingdom
– -$182K -12,000 Closed
BIM
221
BlackRock Investment Management
Delaware
– -$160K -10,571 Closed
MCM
222
Manchester Capital Management
Vermont
– -$56K -3,693 Closed
RIA
223
Regal Investment Advisors
Michigan
– -$25K -1,658 Closed
UFA
224
US Financial Advisors
Massachusetts
– -$18K -1,220 Closed
Loomis, Sayles & Company
225
Loomis, Sayles & Company
Massachusetts
– -$15K -1,000 Closed
6 7 8
9
10

DBC Hedge Fund Activity: Q4 2015 in Review

203 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Commodity Index Tracking Fund (DBC) for Q4 2015, worth a combined $1.12B — down 13% from $1.28B a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new DBC positions and 34 closed out — a net gain of 4 holders — while 58 added to existing stakes and 68 trimmed.

The largest buyer was PineBridge Investments, opening a new position worth an estimated $60M. The largest seller was Personal Capital Advisors, cutting an estimated $28.6M.

  • 203 institutional investors held Invesco DB Commodity Index Tracking Fund (DBC) as of Q4 2015, up from 200 in Q3 2015.
  • Funds reported $1.12B of Invesco DB Commodity Index Tracking Fund stock for Q4 2015, down 13% quarter-over-quarter.
  • 38 funds opened new Invesco DB Commodity Index Tracking Fund positions in Q4 2015 and 34 closed out, a net change of +4 holders.
  • The largest Invesco DB Commodity Index Tracking Fund buyer in Q4 2015 was PineBridge Investments, an estimated $60M added.
  • The largest Invesco DB Commodity Index Tracking Fund seller in Q4 2015 was Personal Capital Advisors, an estimated $28.6M sold.

Based on aggregated 13F filings for Q4 2015.