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iShares S&P GSCI Commodity-Indexed Trust
GSG

120 hedge funds and large institutions have $736M invested in iShares S&P GSCI Commodity-Indexed Trust in 2013 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 31 increasing their positions, 38 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

50% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 10

40% more capital invested

Capital invested by funds: $525M → $736M (+$211M)

6.99% more ownership

Funds ownership: 50.6% → 57.59% (+7%)

3% more funds holding

Funds holding: 116 → 120 (+4)

18% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 38

83% less call options, than puts

Call options by funds: $363K | Put options by funds: $2.18M

Holders
120
Holders Change
+4
Holders Change %
+3.45%
% of All Funds
3.89%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.16%
New
15
Increased
31
Reduced
38
Closed
10
Calls
$363K
Puts
$2.18M
Net Calls
-$1.82M
Net Calls Change
-$2.88M

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$136M
2
HA
Hays Advisory
Tennessee
+$24.2M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$23.9M
4
State Street
State Street
Massachusetts
+$13.6M
5
Invesco
Invesco
Georgia
+$4.1M

Top Sellers

Rank Fund Capital Flow
1
Bank of New York Mellon
Bank of New York Mellon
New York
-$9.13M
2
Goldman Sachs
Goldman Sachs
New York
-$8.11M
3
Jane Street
Jane Street
New York
-$5.9M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.67M
5
Natixis Advisors
Natixis Advisors
Massachusetts
-$1.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
VCM
101
Vigilant Capital Management
Maine
$42K – – –
SF
102
Synovus Financial
Georgia
$30K – – –
DADC
103
D.A. Davidson & Co
Montana
$23K +$2.3K +70 +11%
LWA
104
Lenox Wealth Advisors
New York
$17K – – –
PTC
105
Private Trust Company
Ohio
$16K +$3.61K +110 +28%
DAM
106
Delta Asset Management
Tennessee
$15K – – –
MWP
107
MYCIO Wealth Partners
Pennsylvania
$15K – – –
TF
108
Tompkins Financial
New York
$15K – – –
MAS
109
Madden Advisory Services
Florida
$13K -$6.07K -185 -31%
KTC
110
Kistler-Tiffany Companies
Pennsylvania
$11K – – –
M&T Bank
111
M&T Bank
New York
$10K – – –
SSB
112
Sandy Spring Bank
Maryland
$10K – – –
Creative Planning
113
Creative Planning
Kansas
$8K – – –
MBT
114
Monroe Bank & Trust
Michigan
$5K – – –
First Manhattan
115
First Manhattan
New York
$4K – – –
PFO
116
Pathstone Family Office
New Jersey
$3K – – –
TAIM
117
TD Ameritrade Investment Management
Nebraska
$3K +$2.92K +89 +1,113%
WCM
118
Windsor Capital Management
Arizona
$1K -$263 -8 -17%
ECM
119
ETrade Capital Management
Virginia
$1K – – –
Axa
120
Axa
France
$1K +$952 +29 New
Jane Street
121
Jane Street
New York
– -$5.9M -191,688 Closed
SBCM
122
Silver Bridge Capital Management
Massachusetts
– -$742K -24,095 Closed
SI
123
SII Investments
Wisconsin
– -$207K -6,782 Closed
HRIA
124
Haberer Registered Investment Advisor
Ohio
– -$162K -5,263 Closed
DBT
125
Dubuque Bank & Trust
Iowa
– -$22K -700 Closed
2 3 4
5
6

GSG Hedge Fund Activity: Q3 2013 in Review

120 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in iShares S&P GSCI Commodity-Indexed Trust (GSG) for Q3 2013, worth a combined $736M — up 40% from $525M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new GSG positions and 10 closed out — a net gain of 5 holders — while 31 added to existing stakes and 38 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $136M. The largest seller was Bank of New York Mellon, cutting an estimated $9.13M.

  • 120 institutional investors held iShares S&P GSCI Commodity-Indexed Trust (GSG) as of Q3 2013, up from 116 in Q2 2013.
  • Funds reported $736M of iShares S&P GSCI Commodity-Indexed Trust stock for Q3 2013, up 40% quarter-over-quarter.
  • 15 funds opened new iShares S&P GSCI Commodity-Indexed Trust positions in Q3 2013 and 10 closed out, a net change of +5 holders.
  • The largest iShares S&P GSCI Commodity-Indexed Trust buyer in Q3 2013 was JP Morgan Chase, an estimated $136M added.
  • The largest iShares S&P GSCI Commodity-Indexed Trust seller in Q3 2013 was Bank of New York Mellon, an estimated $9.13M sold.

Based on aggregated 13F filings for Q3 2013.