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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
+$12.9M |
| 2 |
LG
Leuthold Group
Minneapolis,
Minnesota
|
+$12.8M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$5.68M |
| 4 |
IA
IndexIQ Advisors
New York
|
+$4.04M |
| 5 |
Citigroup
New York
|
+$1.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$49.8M |
| 2 |
Morgan Stanley
New York
|
-$33.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$25.6M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$23.3M |
| 5 |
MSU
Mizuho Securities USA
New York
|
-$14.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HT
51
HAP Trading
New York
| – | -$2.04M | -17,873 | Closed |
|
52
SG Americas Securities
New York
| – | -$1.63M | -14,300 | Closed |
|
53
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$1.25M | -10,971 | Closed |
|
|
CG
54
Cutler Group
San Francisco,
California
| – | -$1.12M | -9,875 | Closed |
|
|
VF
55
Virtu Financial
New York
| – | -$287K | -2,513 | Closed |
|
56
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$11K | -100 | Closed |
|
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.