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Invesco DB Commodity Index Tracking Fund

243 hedge funds and large institutions have $3.2B invested in Invesco DB Commodity Index Tracking Fund in 2013 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 57 increasing their positions, 102 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 31

4% more funds holding

Funds holding: 234243 (+9)

9% more call options, than puts

Call options by funds: $6.14M | Put options by funds: $5.62M

0% less capital invested

Capital invested by funds: $3.2B → $3.2B (-$4.66M)

2.99% less ownership

Funds ownership: 58.78%55.78% (-3%)

18% less funds holding in top 10

Funds holding in top 10: 1714 (-3)

44% less repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 102

Holders
243
Holders Change
+9
Holders Change %
+3.85%
% of All Funds
7.05%
Holding in Top 10
14
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-17.65%
% of All Funds
0.41%
New
42
Increased
57
Reduced
102
Closed
31
Calls
$6.14M
Puts
$5.62M
Net Calls
+$523K
Net Calls Change
-$559K
Name Holding Trade Value Shares
Change
Change in
Stake
WIM
1
Windhaven Investment Management
Massachusetts
$646M -$1.96M -76,552 -0.3%
Bank of America
2
Bank of America
North Carolina
$568M -$69.3M -2,699,736 -11%
Wells Fargo
3
Wells Fargo
California
$441M -$22.9M -891,428 -5%
Morgan Stanley
4
Morgan Stanley
New York
$213M -$46.6M -1,815,645 -18%
JP Morgan Chase
5
JP Morgan Chase
New York
$187M -$267M -10,422,538 -59%
SONJCPFE
6
State of New Jersey Common Pension Fund E
New Jersey
$133M
CC
7
Curian Capital
Colorado
$110M -$3.01M -117,200 -3%
WCM
8
Windham Capital Management
Massachusetts
$93.3M +$61.3M +2,388,640 +192%
FEG
9
Fund Evaluation Group
Ohio
$74.1M +$6.2M +241,601 +9%
Northern Trust
10
Northern Trust
Illinois
$55.1M -$8.86M -345,422 -14%
QI
11
QS Investors
New York
$46.3M +$16.8M +654,310 +57%
Wellington Management Group
12
Wellington Management Group
Massachusetts
$43.5M +$43.5M +1,695,360 New
U
13
UBS
Switzerland
$42.4M -$5.57M -217,078 -12%
V
14
Veritable
Delaware
$30.5M +$1.76M +68,440 +6%
Envestnet Asset Management
15
Envestnet Asset Management
Illinois
$25.8M +$3.13M +121,829 +14%
Deutsche Bank
16
Deutsche Bank
Germany
$24.6M -$5.49M -213,907 -18%
State Street
17
State Street
Massachusetts
$23.8M -$5.11M -199,168 -18%
Nomura Asset Management
18
Nomura Asset Management
Japan
$18.6M -$1.45M -56,630 -7%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$18.6M +$12.3M +478,040 +195%
EA
20
Euclid Advisors
Connecticut
$16.3M -$4.5M -175,400 -22%
Ohio Public Employees Retirement System (OPERS)
21
Ohio Public Employees Retirement System (OPERS)
Ohio
$13.2M -$7.99M -311,215 -38%
Barclays
22
Barclays
United Kingdom
$13M -$275K -10,731 -2%
AA
23
Alesco Advisors
New York
$12.9M +$1.58M +61,567 +14%
KeyBank National Association
24
KeyBank National Association
Ohio
$11.1M -$4.69M -182,794 -30%
B
25
Baird
Wisconsin
$10.6M +$928K +36,154 +10%

DBC Hedge Fund Activity: Q4 2013 in Review

243 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Commodity Index Tracking Fund (DBC) for Q4 2013, worth a combined $3.2B — down 0.15% from $3.2B a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new DBC positions and 31 closed out — a net gain of 11 holders — while 57 added to existing stakes and 102 trimmed.

The largest buyer was Windham Capital Management, adding an estimated $61.3M. The largest seller was JP Morgan Chase, cutting an estimated $267M.

  • 243 institutional investors held Invesco DB Commodity Index Tracking Fund (DBC) as of Q4 2013, up from 234 in Q3 2013.
  • Funds reported $3.2B of Invesco DB Commodity Index Tracking Fund stock for Q4 2013, down 0.15% quarter-over-quarter.
  • 42 funds opened new Invesco DB Commodity Index Tracking Fund positions in Q4 2013 and 31 closed out, a net change of +11 holders.
  • The largest Invesco DB Commodity Index Tracking Fund buyer in Q4 2013 was Windham Capital Management, an estimated $61.3M added.
  • The largest Invesco DB Commodity Index Tracking Fund seller in Q4 2013 was JP Morgan Chase, an estimated $267M sold.

Based on aggregated 13F filings for Q4 2013.