Invesco DB Gold Fund
DGL was delisted on the 3rd of March, 2023.
30 hedge funds and large institutions have $130M invested in Invesco DB Gold Fund in 2016 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 10 closing their positions.
229% more call options, than puts
Call options by funds: $1.28M | Put options by funds: $389K
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less funds holding
Funds holding: 33 → 30 (-3)
13% less capital invested
Capital invested by funds: $150M → $130M (-$20.1M)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wolverine Trading
Chicago,
Illinois
|
+$49.2M |
| 2 |
VF
Virtu Financial
New York
|
+$3.84M |
| 3 |
Axa
Paris,
France
|
+$2.03M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$1.57M |
| 5 |
AssetMark Inc
Concord,
California
|
+$565K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$17.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$13.5M |
| 3 |
DWA
Dorsey Wright & Associates
Pasadena,
California
|
-$6M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$5.53M |
| 5 |
VIA
Virtus Investment Advisers
Hartford,
Connecticut
|
-$4.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
SEI Investments
Oaks,
Pennsylvania
| $13K | +$13.4K | +340 | New |
|
27
Citigroup
New York
| $9K | – | – | – |
|
|
NFG
28
Next Financial Group
Houston,
Texas
| $5K | – | – | – |
|
|
AG
29
Advisor Group
Phoenix,
Arizona
| $2K | +$2.36K | +60 | New |
|
|
DWA
30
Dorsey Wright & Associates
Pasadena,
California
| – | -$6M | -140,898 | Closed |
|
|
VIA
31
Virtus Investment Advisers
Hartford,
Connecticut
| – | -$4.5M | -105,651 | Closed |
|
32
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$3.59M | -84,344 | Closed |
|
33
Jane Street
New York
| – | -$1.78M | -45,240 | Closed |
|
|
QA
34
Quantitative Advantage
Minnetonka,
Minnesota
| – | -$1.78M | -41,796 | Closed |
|
|
RJA
35
Raymond James & Associates
St Petersburg,
Florida
| – | -$1.77M | -41,536 | Closed |
|
|
AIA
36
Arrow Investment Advisors
Laurel,
Maryland
| – | -$931K | -21,856 | Closed |
|
37
Stifel Financial
St. Louis,
Missouri
| – | -$341K | -7,960 | Closed |
|
|
CG
38
Cutler Group
San Francisco,
California
| – | -$2K | -58 | Closed |
|
DGL Hedge Fund Activity: Q4 2016 in Review
30 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Gold Fund (DGL) for Q4 2016, worth a combined $130M — down 13% from $150M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of DGL and 7 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 9 added.
The largest buyer was Wolverine Trading, opening a new position worth an estimated $49.2M. The largest seller was State Street, cutting an estimated $17.8M.
- 30 institutional investors held Invesco DB Gold Fund (DGL) as of Q4 2016, down from 33 in Q3 2016.
- Funds reported $130M of Invesco DB Gold Fund stock for Q4 2016, down 13% quarter-over-quarter.
- 7 funds opened new Invesco DB Gold Fund positions in Q4 2016 and 10 closed out, a net change of -3 holders.
- The largest Invesco DB Gold Fund buyer in Q4 2016 was Wolverine Trading, an estimated $49.2M added.
- The largest Invesco DB Gold Fund seller in Q4 2016 was State Street, an estimated $17.8M sold.
Based on aggregated 13F filings for Q4 2016.