iShares Currency Hedged MSCI Emerging Markets
HEEM
28 hedge funds and large institutions have $179M invested in iShares Currency Hedged MSCI Emerging Markets in 2016 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 12 reducing their positions, and 9 closing their positions.
97% more capital invested
Capital invested by funds: $91.2M → $179M (+$88.2M)
22.75% more ownership
Funds ownership: 51.7% → 74.44% (+23%)
13% less funds holding
Funds holding: 32 → 28 (-4)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
50% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
+$85.3M |
| 2 |
CCM
Coldstream Capital Management
Bellevue,
Washington
|
+$9.6M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$1.28M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$872K |
| 5 |
LPL Financial
San Diego,
California
|
+$66.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$8.49M |
| 2 |
Citigroup
New York
|
-$1.08M |
| 3 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
-$1.07M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.03M |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$1.02M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFS
26
MSI Financial Services
Springfield,
Massachusetts
| $11K | – | – | – |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $6K | – | – | – |
|
|
BIM
28
BlackRock Investment Management
Wilmington,
Delaware
| $2K | – | – | – |
|
|
29
Jane Street
New York
| – | -$8.49M | -384,726 | Closed |
|
30
BlackRock
New York
| – | -$855K | -38,755 | Closed |
|
|
ACM
31
Aviance Capital Management
Sarasota,
Florida
| – | -$843K | -38,222 | Closed |
|
|
VKH
32
Virtu KCG Holdings
New York
| – | -$610K | -27,661 | Closed |
|
33
SG Americas Securities
New York
| – | -$442K | -20,037 | Closed |
|
34
Citadel Advisors
Miami,
Florida
| – | -$343K | -15,567 | Closed |
|
|
TSS
35
Two Sigma Securities
New York
| – | -$214K | -9,721 | Closed |
|
|
IA
36
IFP Advisors
Tampa,
Florida
| – | -$1K | -60 | Closed |
|
|
CWM
37
Concert Wealth Management
San Jose,
California
| – | -$1K | -55 | Closed |
|
HEEM Hedge Fund Activity: Q4 2016 in Review
28 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in iShares Currency Hedged MSCI Emerging Markets (HEEM) for Q4 2016, worth a combined $179M — up 97% from $91.2M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of HEEM and 5 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 6 added.
The largest buyer was Migdal Insurance & Financial Holdings, adding an estimated $85.3M. The largest seller was Jane Street, exiting entirely with an estimated $8.49M sold.
- 28 institutional investors held iShares Currency Hedged MSCI Emerging Markets (HEEM) as of Q4 2016, down from 32 in Q3 2016.
- Funds reported $179M of iShares Currency Hedged MSCI Emerging Markets stock for Q4 2016, up 97% quarter-over-quarter.
- 5 funds opened new iShares Currency Hedged MSCI Emerging Markets positions in Q4 2016 and 9 closed out, a net change of -4 holders.
- The largest iShares Currency Hedged MSCI Emerging Markets buyer in Q4 2016 was Migdal Insurance & Financial Holdings, an estimated $85.3M added.
- The largest iShares Currency Hedged MSCI Emerging Markets seller in Q4 2016 was Jane Street, an estimated $8.49M sold.
Based on aggregated 13F filings for Q4 2016.