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Invesco CurrencyShares Euro Currency Trust
FXE

45 hedge funds and large institutions have $259M invested in Invesco CurrencyShares Euro Currency Trust in 2017 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% less call options, than puts

Call options by funds: $406M | Put options by funds: $437M

2% less funds holding

Funds holding: 46 → 45 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

25% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 16

37% less capital invested

Capital invested by funds: $414M → $259M (-$155M)

39.65% less ownership

Funds ownership: 126.15% → 86.5% (-40%)

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
45
Holders Change
-1
Holders Change %
-2.17%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
9
Increased
12
Reduced
16
Closed
10
Calls
$406M
Puts
$437M
Net Calls
-$30.1M
Net Calls Change
-$105M

Top Buyers

Rank Fund Capital Flow
1
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$12.9M
2
LG
Leuthold Group
Minnesota
+$12.8M
3
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$5.68M
4
IA
IndexIQ Advisors
New York
+$4.04M
5
Citigroup
Citigroup
New York
+$1.99M

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$49.8M
2
Morgan Stanley
Morgan Stanley
New York
-$33.1M
3
Bank of America
Bank of America
North Carolina
-$25.6M
4
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$23.3M
5
MSU
Mizuho Securities USA
New York
-$14.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
HSBC Holdings
26
HSBC Holdings
United Kingdom
$941K – – –
RIA
27
Regal Investment Advisors
Michigan
$843K -$4.43K -39 -0.5%
Jane Street
28
Jane Street
New York
$660K -$520K -4,581 -45%
GWI
29
Grace & White Inc
New York
$659K – – –
Prudential Financial
30
Prudential Financial
New Jersey
$656K +$647K +5,700 New
GI
31
Glovista Investments
New Jersey
$496K -$5.92M -52,143 -92%
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$393K +$383K +3,370 +11,233%
JG
33
Jefferies Group
New York
$382K +$375K +3,300 New
NC
34
NewSquare Capital
Pennsylvania
$355K +$349K +3,070 New
CCM
35
Crabel Capital Management
California
$343K +$337K +2,970 New
Bessemer Group
36
Bessemer Group
New Jersey
$301K – – –
FSA
37
Financial Sense Advisors
California
$254K +$250K +2,200 New
LTFS
38
Ladenburg Thalmann Financial Services
Florida
$120K +$227 +2 +0.2%
JP Morgan Chase
39
JP Morgan Chase
New York
$116K -$11.4M -100,000 -99%
IWM
40
IHT Wealth Management
Illinois
$110K +$108K +953 New
RWA
41
Ropes Wealth Advisors
Massachusetts
$92K – – –
FPS
42
Fieldpoint Private Securities
Connecticut
$87K +$85.2K +750 New
SEI Investments
43
SEI Investments
Pennsylvania
$51K +$22.8K +201 +85%
IA
44
IFP Advisors
Florida
$6K – – –
TIM
45
Tortoise Investment Management
New York
$5K – – –
TFA
46
Transamerica Financial Advisors
Florida
$1K +$114 +1 New
Susquehanna International Group
47
Susquehanna International Group
Pennsylvania
– -$49.8M -438,137 Closed
Bank of Nova Scotia
48
Bank of Nova Scotia
Ontario, Canada
– -$23.3M -206,674 Closed
HighTower Advisors
49
HighTower Advisors
Illinois
– -$4.12M -36,039 Closed
Fifth Third Bancorp
50
Fifth Third Bancorp
Ohio
– -$2.15M -18,800 Closed
1
2
3

FXE Hedge Fund Activity: Q4 2017 in Review

45 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Invesco CurrencyShares Euro Currency Trust (FXE) for Q4 2017, worth a combined $259M — down 37% from $414M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of FXE and 9 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 12 added.

The largest buyer was Parallax Volatility Advisers, adding an estimated $12.9M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $49.8M sold.

  • 45 institutional investors held Invesco CurrencyShares Euro Currency Trust (FXE) as of Q4 2017, down from 46 in Q3 2017.
  • Funds reported $259M of Invesco CurrencyShares Euro Currency Trust stock for Q4 2017, down 37% quarter-over-quarter.
  • 9 funds opened new Invesco CurrencyShares Euro Currency Trust positions in Q4 2017 and 10 closed out, a net change of -1 holder.
  • The largest Invesco CurrencyShares Euro Currency Trust buyer in Q4 2017 was Parallax Volatility Advisers, an estimated $12.9M added.
  • The largest Invesco CurrencyShares Euro Currency Trust seller in Q4 2017 was Susquehanna International Group, an estimated $49.8M sold.

Based on aggregated 13F filings for Q4 2017.