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GREK

Global X MSCI Greece ETF
GREK

53 hedge funds and large institutions have $57.8M invested in Global X MSCI Greece ETF in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 8 increasing their positions, 20 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 8

8% more funds holding

Funds holding: 49 → 53 (+4)

1.39% less ownership

Funds ownership: 9.47% → 8.08% (-1.4%)

15% less capital invested

Capital invested by funds: $68.3M → $57.8M (-$10.5M)

34% less call options, than puts

Call options by funds: $797K | Put options by funds: $1.21M

60% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 20

Holders
53
Holders Change
+4
Holders Change %
+8.16%
% of All Funds
1.41%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.05%
New
12
Increased
8
Reduced
20
Closed
8
Calls
$797K
Puts
$1.21M
Net Calls
-$417K
Net Calls Change
-$58K

Top Buyers

1
AGC
Alden Global Capital
Florida
+$1.26M
2
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury
Tennessee
+$745K
3
CIM
Cambria Investment Management
California
+$558K
4
QCM
QFR Capital Management
New York
+$555K
5
Bank of America
Bank of America
North Carolina
+$343K

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$2.37M
2
ECP
Electron Capital Partners
New York
-$1.87M
3
AGM
Alpine Global Management
New York
-$1.83M
4
Prudential Financial
Prudential Financial
New Jersey
-$1.32M
5
FTUS
Flow Traders U.S.
New York
-$795K
Name Holding Trade Value Shares
Change 		Change in
Stake
William Blair Investment Management
1
William Blair Investment Management
Illinois
$26.5M -$506K -21,300 -2%
State of Tennessee, Department of Treasury
2
State of Tennessee, Department of Treasury
Tennessee
$7.03M +$745K +31,345 +11%
Calamos Advisors
3
Calamos Advisors
Illinois
$5.39M +$95.7K +4,028 +2%
VCM
4
Versant Capital Management
Arizona
$2.96M -$18K -756 -0.6%
PL
5
Parkwood LLC
Ohio
$2.81M – – –
Morgan Stanley
6
Morgan Stanley
New York
$1.47M -$225K -9,478 -12%
OC
7
Oppenheimer & Co
New York
$1.28M -$92.8K -3,904 -6%
AGC
8
Alden Global Capital
Florida
$1.15M +$1.26M +53,171 New
CL
9
CSS LLC
Illinois
$1.06M – – –
AGM
10
Alpine Global Management
New York
$868K -$1.83M -76,990 -66%
GFM
11
Gramercy Funds Management
Connecticut
$723K -$447K -18,799 -36%
Susquehanna International Group
12
Susquehanna International Group
Pennsylvania
$585K -$360K -15,158 -36%
CIM
13
Cambria Investment Management
California
$509K +$558K +23,471 New
QCM
14
QFR Capital Management
New York
$506K +$555K +23,333 New
FTUS
15
Flow Traders U.S.
New York
$496K -$795K -33,435 -59%
JIC
16
Joel Isaacson & Co
New York
$434K – – –
HCM
17
Hollencrest Capital Management
California
$418K – – –
CWM
18
Calamos Wealth Management
Illinois
$367K – – –
Bank of America
19
Bank of America
North Carolina
$344K +$343K +14,439 +1,019%
Barclays
20
Barclays
United Kingdom
$329K +$88.7K +3,730 +33%
Sumitomo Mitsui Trust Group
21
Sumitomo Mitsui Trust Group
Japan
$300K – – –
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$257K +$309 +13 +0.1%
Jane Street
23
Jane Street
New York
$255K +$193K +8,116 +222%
OMC
24
Old Mission Capital
Illinois
$188K -$345K -14,494 -63%
Wells Fargo
25
Wells Fargo
California
$184K -$339K -14,244 -63%
1
2 3

GREK Hedge Fund Activity: Q2 2016 in Review

53 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Global X MSCI Greece ETF (GREK) for Q2 2016, worth a combined $57.8M — down 15% from $68.3M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new GREK positions and 8 closed out — a net gain of 4 holders — while 8 added to existing stakes and 20 trimmed.

The largest buyer was Alden Global Capital, opening a new position worth an estimated $1.26M. The largest seller was Goldman Sachs, exiting entirely with an estimated $2.37M sold.

  • 53 institutional investors held Global X MSCI Greece ETF (GREK) as of Q2 2016, up from 49 in Q1 2016.
  • Funds reported $57.8M of Global X MSCI Greece ETF stock for Q2 2016, down 15% quarter-over-quarter.
  • 12 funds opened new Global X MSCI Greece ETF positions in Q2 2016 and 8 closed out, a net change of +4 holders.
  • The largest Global X MSCI Greece ETF buyer in Q2 2016 was Alden Global Capital, an estimated $1.26M added.
  • The largest Global X MSCI Greece ETF seller in Q2 2016 was Goldman Sachs, an estimated $2.37M sold.

Based on aggregated 13F filings for Q2 2016.