Invesco DB Oil Fund
DBO
54 hedge funds and large institutions have $77.8M invested in Invesco DB Oil Fund in 2018 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 20 closing their positions.
2.65% less ownership
Funds ownership: 32.64% → 29.99% (-2.6%)
7% less funds holding
Funds holding: 58 → 54 (-4)
18% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 17
20% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 20
39% less call options, than puts
Call options by funds: $541K | Put options by funds: $887K
40% less capital invested
Capital invested by funds: $129M → $77.8M (-$51.5M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFM
MD Financial Management
Ottawa,
Ontario, Canada
|
+$23.1M |
| 2 |
GLI
Guardian Life Insurance
New York
|
+$6.46M |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$3.33M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.08M |
| 5 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$1.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$17.4M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$11.1M |
| 3 |
DWA
Dorsey Wright & Associates
Pasadena,
California
|
-$5.03M |
| 4 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
-$4.63M |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$3.21M |
DBO Hedge Fund Activity: Q4 2018 in Review
54 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Oil Fund (DBO) for Q4 2018, worth a combined $77.8M — down 40% from $129M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of DBO and 16 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 14 added.
The largest buyer was MD Financial Management, opening a new position worth an estimated $23.1M. The largest seller was Arlington Capital Management, exiting entirely with an estimated $17.4M sold.
- 54 institutional investors held Invesco DB Oil Fund (DBO) as of Q4 2018, down from 58 in Q3 2018.
- Funds reported $77.8M of Invesco DB Oil Fund stock for Q4 2018, down 40% quarter-over-quarter.
- 16 funds opened new Invesco DB Oil Fund positions in Q4 2018 and 20 closed out, a net change of -4 holders.
- The largest Invesco DB Oil Fund buyer in Q4 2018 was MD Financial Management, an estimated $23.1M added.
- The largest Invesco DB Oil Fund seller in Q4 2018 was Arlington Capital Management, an estimated $17.4M sold.
Based on aggregated 13F filings for Q4 2018.