iShares S&P GSCI Commodity-Indexed Trust
GSG
116 hedge funds and large institutions have $552M invested in iShares S&P GSCI Commodity-Indexed Trust in 2014 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 29 increasing their positions, 35 reducing their positions, and 19 closing their positions.
3% less funds holding
Funds holding: 120 → 116 (-4)
3.61% less ownership
Funds ownership: 55.59% → 51.98% (-3.6%)
15% less capital invested
Capital invested by funds: $651M → $552M (-$99.6M)
17% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 35
21% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 19
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
88% less call options, than puts
Call options by funds: $499K | Put options by funds: $4.07M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$20.9M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$17.3M |
| 3 |
Bank of New York Mellon
New York
|
+$7.17M |
| 4 |
Jane Street
New York
|
+$2.4M |
| 5 |
Natixis Advisors
Boston,
Massachusetts
|
+$1.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$100M |
| 2 |
IUAM
Itau USA Asset Management
New York
|
-$12.9M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$12.4M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$8.38M |
| 5 |
Morgan Stanley
New York
|
-$6.09M |
GSG Hedge Fund Activity: Q1 2014 in Review
116 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in iShares S&P GSCI Commodity-Indexed Trust (GSG) for Q1 2014, worth a combined $552M — down 15% from $651M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of GSG and 15 opened new positions — a net loss of 4 holders — while 35 trimmed existing stakes and 29 added.
The largest buyer was BlackRock, adding an estimated $20.9M. The largest seller was JP Morgan Chase, cutting an estimated $100M.
- 116 institutional investors held iShares S&P GSCI Commodity-Indexed Trust (GSG) as of Q1 2014, down from 120 in Q4 2013.
- Funds reported $552M of iShares S&P GSCI Commodity-Indexed Trust stock for Q1 2014, down 15% quarter-over-quarter.
- 15 funds opened new iShares S&P GSCI Commodity-Indexed Trust positions in Q1 2014 and 19 closed out, a net change of -4 holders.
- The largest iShares S&P GSCI Commodity-Indexed Trust buyer in Q1 2014 was BlackRock, an estimated $20.9M added.
- The largest iShares S&P GSCI Commodity-Indexed Trust seller in Q1 2014 was JP Morgan Chase, an estimated $100M sold.
Based on aggregated 13F filings for Q1 2014.