Invesco CurrencyShares Euro Currency Trust
FXE
50 hedge funds and large institutions have $454M invested in Invesco CurrencyShares Euro Currency Trust in 2016 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 8 increasing their positions, 13 reducing their positions, and 9 closing their positions.
100% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 9
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
34.49% more ownership
Funds ownership: 114% → 148.49% (+34%)
22% more funds holding
Funds holding: 41 → 50 (+9)
13% more capital invested
Capital invested by funds: $400M → $454M (+$53.7M)
38% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 13
46% less call options, than puts
Call options by funds: $308M | Put options by funds: $569M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$38.1M |
| 2 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$37.5M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$14.7M |
| 4 |
AIM
Astor Investment Management
Chicago,
Illinois
|
+$11.6M |
| 5 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
+$7.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$22.9M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$15.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$12.6M |
| 4 |
IA
IndexIQ Advisors
New York
|
-$10.1M |
| 5 |
HT
HAP Trading
New York
|
-$8.55M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LG
51
Leuthold Group
Minneapolis,
Minnesota
| – | -$8.1M | -76,162 | Closed |
|
52
Parallax Volatility Advisers
San Francisco,
California
| – | -$6.13M | -56,753 | -100% |
|
|
FAAS
53
First Allied Advisory Services
San Diego,
California
| – | -$990K | -9,300 | Closed |
|
54
Simplex Trading
Chicago,
Illinois
| – | -$615K | -5,697 | Closed |
|
|
ICM
55
Ionic Capital Management
New York
| – | -$577K | -5,345 | Closed |
|
|
VKH
56
Virtu KCG Holdings
New York
| – | -$405K | -3,802 | Closed |
|
|
NSIM
57
North Star Investment Management
Chicago,
Illinois
| – | -$27K | -250 | Closed |
|
|
RFA
58
Reilly Financial Advisors
La Mesa,
California
| – | -$11K | -100 | Closed |
|
FXE Hedge Fund Activity: Q1 2016 in Review
50 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Invesco CurrencyShares Euro Currency Trust (FXE) for Q1 2016, worth a combined $454M — up 13% from $400M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new FXE positions and 9 closed out — a net gain of 9 holders — while 8 added to existing stakes and 13 trimmed.
The largest buyer was Citigroup, adding an estimated $38.1M. The largest seller was Paloma Partners, exiting entirely with an estimated $22.9M sold.
- 50 institutional investors held Invesco CurrencyShares Euro Currency Trust (FXE) as of Q1 2016, up from 41 in Q4 2015.
- Funds reported $454M of Invesco CurrencyShares Euro Currency Trust stock for Q1 2016, up 13% quarter-over-quarter.
- 18 funds opened new Invesco CurrencyShares Euro Currency Trust positions in Q1 2016 and 9 closed out, a net change of +9 holders.
- The largest Invesco CurrencyShares Euro Currency Trust buyer in Q1 2016 was Citigroup, an estimated $38.1M added.
- The largest Invesco CurrencyShares Euro Currency Trust seller in Q1 2016 was Paloma Partners, an estimated $22.9M sold.
Based on aggregated 13F filings for Q1 2016.