State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
31 hedge funds and large institutions have $106M invested in State Street SPDR Bloomberg Investment Grade Floating Rate ETF in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
24% more funds holding
Funds holding: 25 → 31 (+6)
1% less capital invested
Capital invested by funds: $107M → $106M (-$1.37M)
3.02% less ownership
Funds ownership: 30.26% → 27.25% (-3%)
25% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 12
Top Buyers
| 1 |
BOTW
Bank of the West
Monterey Park,
California
|
+$5.5M |
| 2 |
AIM
Avity Investment Management
Greenwich,
Connecticut
|
+$3.02M |
| 3 |
Jane Street
New York
|
+$2.71M |
| 4 |
VNB
Valley National Bancorp
New York
|
+$2.06M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.82M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KFS
26
KMS Financial Services
Seattle,
Washington
| $207K | +$206K | +6,736 | New |
|
|
MFS
27
MSI Financial Services
Springfield,
Massachusetts
| $200K | -$765 | -25 | -0.4% |
|
28
US Bancorp
Minneapolis,
Minnesota
| $77K | – | – | – |
|
|
LTFS
29
Ladenburg Thalmann Financial Services
Miami,
Florida
| $71K | – | – | – |
|
30
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $13K | +$12.5K | +409 | New |
|
|
BRWM
31
B. Riley Wealth Management
Memphis,
Tennessee
| $12K | +$12.2K | +397 | New |
|
32
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$9.07M | -296,356 | Closed |
|
|
WRM
33
Westport Resources Management
Westport,
Connecticut
| – | -$283K | -9,250 | Closed |
|
FLRN Hedge Fund Activity: Q2 2014 in Review
31 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) for Q2 2014, worth a combined $106M — down 1.3% from $107M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FLRN positions and 2 closed out — a net gain of 6 holders — while 9 added to existing stakes and 12 trimmed.
The largest buyer was Bank of the West, opening a new position worth an estimated $5.5M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $9.07M sold.
- 31 institutional investors held State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) as of Q2 2014, up from 25 in Q1 2014.
- Funds reported $106M of State Street SPDR Bloomberg Investment Grade Floating Rate ETF stock for Q2 2014, down 1.3% quarter-over-quarter.
- 8 funds opened new State Street SPDR Bloomberg Investment Grade Floating Rate ETF positions in Q2 2014 and 2 closed out, a net change of +6 holders.
- The largest State Street SPDR Bloomberg Investment Grade Floating Rate ETF buyer in Q2 2014 was Bank of the West, an estimated $5.5M added.
- The largest State Street SPDR Bloomberg Investment Grade Floating Rate ETF seller in Q2 2014 was Susquehanna International Group, an estimated $9.07M sold.
Based on aggregated 13F filings for Q2 2014.