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Invesco CurrencyShares Euro Currency Trust
FXE

39 hedge funds and large institutions have $368M invested in Invesco CurrencyShares Euro Currency Trust in 2016 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 15 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

6.41% more ownership

Funds ownership: 161.71% → 168.13% (+6.4%)

11% less funds holding

Funds holding: 44 → 39 (-5)

18% less capital invested

Capital invested by funds: $446M → $368M (-$78.2M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

47% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 15

49% less call options, than puts

Call options by funds: $274M | Put options by funds: $535M

50% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 10

Holders
39
Holders Change
-5
Holders Change %
-11.36%
% of All Funds
1.04%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
5
Increased
8
Reduced
15
Closed
10
Calls
$274M
Puts
$535M
Net Calls
-$260M
Net Calls Change
+$552M

Top Buyers

Rank Fund Capital Flow
1
TH
Timber Hill
Connecticut
+$45.5M
2
Morgan Stanley
Morgan Stanley
New York
+$18.6M
3
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$12.5M
4
FTUS
Flow Traders U.S.
New York
+$4.15M
5
ID
Integral Derivatives
New York
+$1.6M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$56.5M
2
Citigroup
Citigroup
New York
-$47M
3
IA
IndexIQ Advisors
New York
-$19.3M
4
VF
Virtu Financial
New York
-$15.8M
5
ICM
Ionic Capital Management
New York
-$7.99M
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$436K -$44.4K -408 -9%
Bessemer Group
27
Bessemer Group
New Jersey
$284K +$283K +2,600 New
Walleye Trading
28
Walleye Trading
New York
$180K +$95K +874 +114%
AG
29
Advisor Group
Arizona
$134K +$133K +1,225 New
HSA
30
Hussman Strategic Advisors
Maryland
$109K – – –
RWA
31
Ropes Wealth Advisors
Massachusetts
$87K – – –
MWP
32
MYCIO Wealth Partners
Pennsylvania
$59K – – –
Barclays
33
Barclays
United Kingdom
$34K -$1.79M -16,462 -98%
TCM
34
Tradewinds Capital Management
Washington
$31K – – –
MFS
35
MSI Financial Services
Massachusetts
$11K – – –
Creative Planning
36
Creative Planning
Kansas
$10K – – –
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$5K – – –
TIM
38
Tortoise Investment Management
New York
$5K – – –
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$1K -$2.01M -18,513 -100%
VF
40
Virtu Financial
New York
– -$15.8M -146,302 Closed
ICM
41
Ionic Capital Management
New York
– -$7.99M -73,500 Closed
HSBC Holdings
42
HSBC Holdings
United Kingdom
– -$3.25M -30,000 Closed
JG
43
Jefferies Group
New York
– -$2.7M -25,000 Closed
Citadel Advisors
44
Citadel Advisors
Florida
– -$2.48M -22,774 Closed
Bank of Montreal
45
Bank of Montreal
Ontario, Canada
– -$1.13M -10,400 Closed
TSS
46
Two Sigma Securities
New York
– -$455K -4,206 Closed
SEI Investments
47
SEI Investments
Pennsylvania
– -$83K -768 Closed
ASN
48
Advisory Services Network
Georgia
– -$4K -35 Closed
TFA
49
Transamerica Financial Advisors
Florida
– -$1K -1 Closed
1
2

FXE Hedge Fund Activity: Q3 2016 in Review

39 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco CurrencyShares Euro Currency Trust (FXE) for Q3 2016, worth a combined $368M — down 18% from $446M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of FXE and 5 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 8 added.

The largest buyer was Timber Hill, adding an estimated $45.5M. The largest seller was Bank of America, cutting an estimated $56.5M.

  • 39 institutional investors held Invesco CurrencyShares Euro Currency Trust (FXE) as of Q3 2016, down from 44 in Q2 2016.
  • Funds reported $368M of Invesco CurrencyShares Euro Currency Trust stock for Q3 2016, down 18% quarter-over-quarter.
  • 5 funds opened new Invesco CurrencyShares Euro Currency Trust positions in Q3 2016 and 10 closed out, a net change of -5 holders.
  • The largest Invesco CurrencyShares Euro Currency Trust buyer in Q3 2016 was Timber Hill, an estimated $45.5M added.
  • The largest Invesco CurrencyShares Euro Currency Trust seller in Q3 2016 was Bank of America, an estimated $56.5M sold.

Based on aggregated 13F filings for Q3 2016.