Invesco DB Commodity Index Tracking Fund
244 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 43 funds opening new positions, 57 increasing their positions, 102 reducing their positions, and 31 closing their positions.
39% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 31
4% more funds holding
Funds holding: 234 → 244 (+10)
9% more call options, than puts
Call options by funds: $6.14M | Put options by funds: $5.62M
2.99% less ownership
Funds ownership: 58.78% → 55.79% (-3%)
17% less capital invested
Capital invested by funds: $3.85B → $3.2B (-$652M)
18% less funds holding in top 10
Funds holding in top 10: 17 → 14 (-3)
44% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 102
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Windham Capital Management
Boston,
Massachusetts
|
+$61.3M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$43.5M |
| 3 |
QI
QS Investors
New York
|
+$16.8M |
| 4 |
Bank of New York Mellon
New York
|
+$12.3M |
| 5 |
FEG
Fund Evaluation Group
Cincinnati,
Ohio
|
+$6.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$267M |
| 2 |
Jane Street
New York
|
-$127M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$69.3M |
| 4 |
B
Bailard
Foster City,
California
|
-$47.3M |
| 5 |
Morgan Stanley
New York
|
-$46.6M |
DBC Hedge Fund Activity: Q4 2013 in Review
244 of the 3,459 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 17% from $3.85B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new DBC positions and 31 closed out — a net gain of 12 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.
- 244 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 17% quarter-over-quarter.
- 43 funds opened new Invesco DB Commodity Index Tracking Fund positions in Q4 2013 and 31 closed out, a net change of +12 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.