VanEck Emerging Markets High Yield Bond ETF
HYEM
43 hedge funds and large institutions have $165M invested in VanEck Emerging Markets High Yield Bond ETF in 2015 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 22 reducing their positions, and 11 closing their positions.
10% less funds holding
Funds holding: 48 → 43 (-5)
10.9% less ownership
Funds ownership: 75.09% → 64.18% (-11%)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
39% less capital invested
Capital invested by funds: $271M → $165M (-$106M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
64% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$34.2M |
| 2 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
+$2.99M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1M |
| 4 |
Jane Street
New York
|
+$435K |
| 5 |
AA
Advisory Alpha
Holland,
Michigan
|
+$343K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$27M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$25.4M |
| 3 |
AC
AFAM Capital
Austin,
Texas
|
-$6.13M |
| 4 |
Morgan Stanley
New York
|
-$5.77M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$5.72M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MA
51
MUFG Americas
New York
| – | -$38K | -1,681 | Closed |
|
|
RIA
52
Regal Investment Advisors
Kentwood,
Michigan
| – | -$12K | -554 | Closed |
|
53
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$1K | -31 | Closed |
|
HYEM Hedge Fund Activity: Q4 2015 in Review
43 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in VanEck Emerging Markets High Yield Bond ETF (HYEM) for Q4 2015, worth a combined $165M — down 39% from $271M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of HYEM and 7 opened new positions — a net loss of 4 holders — while 22 trimmed existing stakes and 8 added.
The largest buyer was Royal Bank of Canada, adding an estimated $34.2M. The largest seller was Envestnet Asset Management, cutting an estimated $27M.
- 43 institutional investors held VanEck Emerging Markets High Yield Bond ETF (HYEM) as of Q4 2015, down from 48 in Q3 2015.
- Funds reported $165M of VanEck Emerging Markets High Yield Bond ETF stock for Q4 2015, down 39% quarter-over-quarter.
- 7 funds opened new VanEck Emerging Markets High Yield Bond ETF positions in Q4 2015 and 11 closed out, a net change of -4 holders.
- The largest VanEck Emerging Markets High Yield Bond ETF buyer in Q4 2015 was Royal Bank of Canada, an estimated $34.2M added.
- The largest VanEck Emerging Markets High Yield Bond ETF seller in Q4 2015 was Envestnet Asset Management, an estimated $27M sold.
Based on aggregated 13F filings for Q4 2015.