iShares US Insurance ETF
IAK
28 hedge funds and large institutions have $53.7M invested in iShares US Insurance ETF in 2013 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 6 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
24% more capital invested
Capital invested by funds: $43.5M → $53.7M (+$10.2M)
4% more funds holding
Funds holding: 27 → 28 (+1)
3.04% more ownership
Funds ownership: 29.37% → 32.41% (+3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.01M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.77M |
| 3 |
JP Morgan Chase
New York
|
+$1.51M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$727K |
| 5 |
DS
DRW Securities
Chicago,
Illinois
|
+$707K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TH
Timber Hill
Greenwich,
Connecticut
|
-$558K |
| 2 |
SG Americas Securities
New York
|
-$434K |
| 3 |
Jane Street
New York
|
-$357K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$344K |
| 5 |
OC
Oppenheimer & Co
New York
|
-$293K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $15K | – | – | – |
|
27
Ameriprise
Minneapolis,
Minnesota
| $9K | +$9.09K | +200 | New |
|
|
RIA
28
Regal Investment Advisors
Kentwood,
Michigan
| $2K | +$1.59K | +35 | New |
|
|
TH
29
Timber Hill
Greenwich,
Connecticut
| – | -$558K | -13,012 | Closed |
|
|
30
SG Americas Securities
New York
| – | -$434K | -10,112 | Closed |
|
|
31
Jane Street
New York
| – | -$357K | -8,324 | Closed |
|
|
VKH
32
Virtu KCG Holdings
New York
| – | -$344K | -8,012 | Closed |
|
|
OC
33
Oppenheimer & Co
New York
| – | -$293K | -6,821 | Closed |
|
34
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$4K | -100 | Closed |
|
IAK Hedge Fund Activity: Q4 2013 in Review
28 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in iShares US Insurance ETF (IAK) for Q4 2013, worth a combined $53.7M — up 24% from $43.5M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new IAK positions and 6 closed out — a net gain of 2 holders — while 11 added to existing stakes and 6 trimmed.
The largest buyer was Wells Fargo, adding an estimated $2.01M. The largest seller was Timber Hill, exiting entirely with an estimated $558K sold.
- 28 institutional investors held iShares US Insurance ETF (IAK) as of Q4 2013, up from 27 in Q3 2013.
- Funds reported $53.7M of iShares US Insurance ETF stock for Q4 2013, up 24% quarter-over-quarter.
- 8 funds opened new iShares US Insurance ETF positions in Q4 2013 and 6 closed out, a net change of +2 holders.
- The largest iShares US Insurance ETF buyer in Q4 2013 was Wells Fargo, an estimated $2.01M added.
- The largest iShares US Insurance ETF seller in Q4 2013 was Timber Hill, an estimated $558K sold.
Based on aggregated 13F filings for Q4 2013.