State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
278 hedge funds and large institutions have $2.35B invested in State Street SPDR Bloomberg Investment Grade Floating Rate ETF in 2019 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 127 increasing their positions, 99 reducing their positions, and 39 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 99
2.96% more ownership
Funds ownership: 58.92% → 61.89% (+3%)
3% less capital invested
Capital invested by funds: $2.41B → $2.35B (-$63.8M)
3% less funds holding in top 10
Funds holding in top 10: 36 → 35 (-1)
6% less funds holding
Funds holding: 296 → 278 (-18)
44% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 39
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$45.1M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$42M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$25M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$12.2M |
| 5 |
RA
RFG Advisory
Birmingham,
Alabama
|
+$8.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$49M |
| 2 |
AA
Alesco Advisors
Pittsford,
New York
|
-$25.4M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$24.5M |
| 4 |
BlackRock
New York
|
-$20.8M |
| 5 |
VBFP
Valtinson Bruner Financial Planning
New Brighton,
Minnesota
|
-$17.8M |
FLRN Hedge Fund Activity: Q3 2019 in Review
278 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) for Q3 2019, worth a combined $2.35B — down 2.6% from $2.41B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of FLRN and 22 opened new positions — a net loss of 17 holders — while 99 trimmed existing stakes and 127 added.
The largest buyer was Municipal Employees' Retirement System of Michigan, opening a new position worth an estimated $45.1M. The largest seller was Jane Street, cutting an estimated $49M.
- 278 institutional investors held State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) as of Q3 2019, down from 296 in Q2 2019.
- Funds reported $2.35B of State Street SPDR Bloomberg Investment Grade Floating Rate ETF stock for Q3 2019, down 2.6% quarter-over-quarter.
- 22 funds opened new State Street SPDR Bloomberg Investment Grade Floating Rate ETF positions in Q3 2019 and 39 closed out, a net change of -17 holders.
- The largest State Street SPDR Bloomberg Investment Grade Floating Rate ETF buyer in Q3 2019 was Municipal Employees' Retirement System of Michigan, an estimated $45.1M added.
- The largest State Street SPDR Bloomberg Investment Grade Floating Rate ETF seller in Q3 2019 was Jane Street, an estimated $49M sold.
Based on aggregated 13F filings for Q3 2019.