iShares Currency Hedged MSCI Emerging Markets
HEEM
34 hedge funds and large institutions have $194M invested in iShares Currency Hedged MSCI Emerging Markets in 2017 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
21% more funds holding
Funds holding: 28 → 34 (+6)
8% more capital invested
Capital invested by funds: $179M → $194M (+$15M)
4.73% less ownership
Funds ownership: 74.44% → 69.72% (-4.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
+$8.84M |
| 2 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
+$4.2M |
| 3 |
Jane Street
New York
|
+$1.06M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$972K |
| 5 |
Morgan Stanley
New York
|
+$806K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
-$9.94M |
| 2 |
AIP
Almanack Investment Partners
Wayne,
Pennsylvania
|
-$1.45M |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$1.26M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$1.26M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
SG Americas Securities
New York
| $139K | +$136K | +6,096 | New |
|
|
AG
27
Advisor Group
Phoenix,
Arizona
| $37K | +$3.79K | +170 | +12% |
|
|
PA
28
Parallel Advisors
San Francisco,
California
| $36K | +$335 | +15 | +1% |
|
|
VFA
29
Virtus Fund Advisers
Hartford,
Connecticut
| $31K | -$1.83K | -82 | -6% |
|
|
PG
30
Patten Group
Chattanooga,
Tennessee
| $29K | – | – | – |
|
|
LTFS
31
Ladenburg Thalmann Financial Services
Miami,
Florida
| $6K | – | – | – |
|
32
BlackRock
New York
| $2K | +$2.01K | +90 | New |
|
|
IA
33
IFP Advisors
Tampa,
Florida
| $1K | +$1.45K | +65 | New |
|
|
AIP
34
Almanack Investment Partners
Wayne,
Pennsylvania
| – | -$1.45M | -67,961 | Closed |
|
|
FTUS
35
Flow Traders U.S.
New York
| – | -$1.26M | -59,262 | Closed |
|
36
JP Morgan Chase
New York
| – | -$58K | -2,751 | Closed |
|
37
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$22 | +1 | New |
|
HEEM Hedge Fund Activity: Q1 2017 in Review
34 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in iShares Currency Hedged MSCI Emerging Markets (HEEM) for Q1 2017, worth a combined $194M — up 8.4% from $179M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new HEEM positions and 3 closed out — a net gain of 8 holders — while 11 added to existing stakes and 8 trimmed.
The largest buyer was Janney Capital Management, adding an estimated $8.84M. The largest seller was Migdal Insurance & Financial Holdings, cutting an estimated $9.94M.
- 34 institutional investors held iShares Currency Hedged MSCI Emerging Markets (HEEM) as of Q1 2017, up from 28 in Q4 2016.
- Funds reported $194M of iShares Currency Hedged MSCI Emerging Markets stock for Q1 2017, up 8.4% quarter-over-quarter.
- 11 funds opened new iShares Currency Hedged MSCI Emerging Markets positions in Q1 2017 and 3 closed out, a net change of +8 holders.
- The largest iShares Currency Hedged MSCI Emerging Markets buyer in Q1 2017 was Janney Capital Management, an estimated $8.84M added.
- The largest iShares Currency Hedged MSCI Emerging Markets seller in Q1 2017 was Migdal Insurance & Financial Holdings, an estimated $9.94M sold.
Based on aggregated 13F filings for Q1 2017.