State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
335 hedge funds and large institutions have $2.27B invested in State Street SPDR Bloomberg Investment Grade Floating Rate ETF in 2023 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 92 increasing their positions, 156 reducing their positions, and 47 closing their positions.
8.02% more ownership
Funds ownership: 73.86% → 81.89% (+8%)
4% less funds holding
Funds holding: 348 → 335 (-13)
13% less capital invested
Capital invested by funds: $2.6B → $2.27B (-$330M)
13% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 47
28% less funds holding in top 10
Funds holding in top 10: 36 → 26 (-10)
41% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 156
65% less call options, than puts
Call options by funds: $97K | Put options by funds: $280K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$366M |
| 2 |
VWA
V Wealth Advisors
Overland Park,
Kansas
|
+$8.83M |
| 3 |
TF
TIAA FSB
Jacksonville,
Florida
|
+$7.63M |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$7.4M |
| 5 |
CAGAS
Capital Advisory Group Advisory Services
Bloomington,
Minnesota
|
+$3.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APP
Avantax Planning Partners
Dubuque,
Iowa
|
-$54.1M |
| 2 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
-$45.9M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$26.4M |
| 4 |
LPL Financial
San Diego,
California
|
-$16.8M |
| 5 |
Renaissance Technologies
New York
|
-$13.6M |
FLRN Hedge Fund Activity: Q1 2023 in Review
335 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) for Q1 2023, worth a combined $2.27B — down 13% from $2.6B a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of FLRN and 41 opened new positions — a net loss of 6 holders — while 156 trimmed existing stakes and 92 added.
The largest buyer was Jane Street, adding an estimated $366M. The largest seller was Avantax Planning Partners, cutting an estimated $54.1M.
- 335 institutional investors held State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) as of Q1 2023, down from 348 in Q4 2022.
- Funds reported $2.27B of State Street SPDR Bloomberg Investment Grade Floating Rate ETF stock for Q1 2023, down 13% quarter-over-quarter.
- 41 funds opened new State Street SPDR Bloomberg Investment Grade Floating Rate ETF positions in Q1 2023 and 47 closed out, a net change of -6 holders.
- The largest State Street SPDR Bloomberg Investment Grade Floating Rate ETF buyer in Q1 2023 was Jane Street, an estimated $366M added.
- The largest State Street SPDR Bloomberg Investment Grade Floating Rate ETF seller in Q1 2023 was Avantax Planning Partners, an estimated $54.1M sold.
Based on aggregated 13F filings for Q1 2023.