iShares Currency Hedged MSCI Emerging Markets
HEEM
32 hedge funds and large institutions have $138M invested in iShares Currency Hedged MSCI Emerging Markets in 2015 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 6 increasing their positions, 12 reducing their positions, and 6 closing their positions.
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
23% more funds holding
Funds holding: 26 → 32 (+6)
7% less capital invested
Capital invested by funds: $148M → $138M (-$9.71M)
8.18% less ownership
Funds ownership: 73.37% → 65.19% (-8.2%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
50% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Coldstream Capital Management
Bellevue,
Washington
|
+$8.99M |
| 2 |
HF
Hoxton Financial
Shepherdstown,
West Virginia
|
+$2.26M |
| 3 |
Morgan Stanley
New York
|
+$2.08M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.85M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WBG
Wharton Business Group
Malvern,
Pennsylvania
|
-$6.96M |
| 2 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$5.27M |
| 3 |
WOA
Water Oak Advisors
Winter Park,
Florida
|
-$4.82M |
| 4 |
Jane Street
New York
|
-$2.4M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.56M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EWM
26
Evercore Wealth Management
New York
| $29K | -$1.1K | -51 | -3% |
|
|
PG
27
Patten Group
Chattanooga,
Tennessee
| $25.5K | +$27.4K | +1,275 | New |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $9K | – | – | – |
|
29
US Bancorp
Minneapolis,
Minnesota
| $4K | +$4.04K | +188 | New |
|
|
BIM
30
BlackRock Investment Management
Wilmington,
Delaware
| $2K | -$404K | -18,783 | -100% |
|
|
HT
31
Hefren-Tillotson
Pittsburgh,
Pennsylvania
| $2K | +$2.86K | +133 | New |
|
|
IA
32
IFP Advisors
Tampa,
Florida
| $1K | +$1.29K | +60 | New |
|
|
WOA
33
Water Oak Advisors
Winter Park,
Florida
| – | -$4.82M | -229,680 | Closed |
|
|
34
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$1.56M | -74,238 | Closed |
|
|
AGA
35
Accuvest Global Advisors
Provo,
Utah
| – | -$515K | -24,535 | Closed |
|
|
VKH
36
Virtu KCG Holdings
New York
| – | -$475K | -22,639 | Closed |
|
|
FWM
37
Focused Wealth Management
Newburgh,
New York
| – | -$79K | -3,784 | Closed |
|
|
BCM
38
Brookstone Capital Management
Wheaton,
Illinois
| – | -$1K | -69 | Closed |
|
HEEM Hedge Fund Activity: Q4 2015 in Review
32 of the 3,813 institutional investors tracked by Wall St. Rank reported a position in iShares Currency Hedged MSCI Emerging Markets (HEEM) for Q4 2015, worth a combined $138M — down 6.6% from $148M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new HEEM positions and 6 closed out — a net gain of 7 holders — while 6 added to existing stakes and 12 trimmed.
The largest buyer was Coldstream Capital Management, adding an estimated $8.99M. The largest seller was Wharton Business Group, cutting an estimated $6.96M.
- 32 institutional investors held iShares Currency Hedged MSCI Emerging Markets (HEEM) as of Q4 2015, up from 26 in Q3 2015.
- Funds reported $138M of iShares Currency Hedged MSCI Emerging Markets stock for Q4 2015, down 6.6% quarter-over-quarter.
- 13 funds opened new iShares Currency Hedged MSCI Emerging Markets positions in Q4 2015 and 6 closed out, a net change of +7 holders.
- The largest iShares Currency Hedged MSCI Emerging Markets buyer in Q4 2015 was Coldstream Capital Management, an estimated $8.99M added.
- The largest iShares Currency Hedged MSCI Emerging Markets seller in Q4 2015 was Wharton Business Group, an estimated $6.96M sold.
Based on aggregated 13F filings for Q4 2015.