iShares S&P GSCI Commodity-Indexed Trust
GSG
120 hedge funds and large institutions have $651M invested in iShares S&P GSCI Commodity-Indexed Trust in 2013 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 25 increasing their positions, 39 reducing their positions, and 17 closing their positions.
18% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 17
0% more funds holding
Funds holding: 120 → 120 (0)
2% less ownership
Funds ownership: 57.59% → 55.59% (-2%)
11% less capital invested
Capital invested by funds: $736M → $651M (-$84.6M)
36% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 39
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
99% less call options, than puts
Call options by funds: $52K | Put options by funds: $5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$11.8M |
| 2 |
SIM
Strategic Investment Management
Arlington,
Virginia
|
+$9.11M |
| 3 |
Morgan Stanley
New York
|
+$7.24M |
| 4 |
Goldman Sachs
New York
|
+$4.72M |
| 5 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$2.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$32.3M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$24.2M |
| 3 |
HA
Hays Advisory
Franklin,
Tennessee
|
-$23.8M |
| 4 |
Bank of New York Mellon
New York
|
-$19.5M |
| 5 |
SAG
Sterne Agee Group
Birmingham,
Alabama
|
-$4.84M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BB
126
Bell Bank
Fargo,
North Dakota
| – | -$1.01M | -31,346 | Closed |
|
|
BFG
127
Beacon Financial Group
Dallas,
Texas
| – | -$725K | -22,360 | Closed |
|
|
VKH
128
Virtu KCG Holdings
New York
| – | -$294K | -9,071 | Closed |
|
129
Rafferty Asset Management
New York
| – | -$281K | -8,688 | Closed |
|
|
AMG
130
Asset Management Group
Stamford,
Connecticut
| – | -$250K | -7,710 | Closed |
|
|
BFPW
131
BOK Financial Private Wealth
Denver,
Colorado
| – | -$233K | -7,199 | Closed |
|
|
P
132
Pitcairn
Conshohocken,
Pennsylvania
| – | -$203K | -6,279 | Closed |
|
133
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$104K | -3,200 | Closed |
|
|
EWM
134
Evercore Wealth Management
New York
| – | -$97K | -3,000 | Closed |
|
|
OSAM
135
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$95K | -2,944 | Closed |
|
136
First Manhattan
New York
| – | -$4K | -140 | Closed |
|
|
TDC
137
Thompson Davis & Co
Richmond,
Virginia
| – | +$447 | +14 | New |
|
GSG Hedge Fund Activity: Q4 2013 in Review
120 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in iShares S&P GSCI Commodity-Indexed Trust (GSG) for Q4 2013, worth a combined $651M — down 11% from $736M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new GSG positions and 17 closed out — a net gain of 3 holders — while 25 added to existing stakes and 39 trimmed.
The largest buyer was BlackRock, adding an estimated $11.8M. The largest seller was JP Morgan Chase, cutting an estimated $32.3M.
- 120 institutional investors held iShares S&P GSCI Commodity-Indexed Trust (GSG) as of Q4 2013, unchanged from Q3 2013.
- Funds reported $651M of iShares S&P GSCI Commodity-Indexed Trust stock for Q4 2013, down 11% quarter-over-quarter.
- 20 funds opened new iShares S&P GSCI Commodity-Indexed Trust positions in Q4 2013 and 17 closed out, a net change of +3 holders.
- The largest iShares S&P GSCI Commodity-Indexed Trust buyer in Q4 2013 was BlackRock, an estimated $11.8M added.
- The largest iShares S&P GSCI Commodity-Indexed Trust seller in Q4 2013 was JP Morgan Chase, an estimated $32.3M sold.
Based on aggregated 13F filings for Q4 2013.