iShares US Insurance ETF
IAK
33 hedge funds and large institutions have $38.3M invested in iShares US Insurance ETF in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 15 reducing their positions, and 6 closing their positions.
3% less funds holding
Funds holding: 34 → 33 (-1)
8.33% less ownership
Funds ownership: 39.56% → 31.24% (-8.3%)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
30% less capital invested
Capital invested by funds: $54.8M → $38.3M (-$16.6M)
33% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 15
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$2.51M |
| 2 |
CS
Cannell & Spears
New York
|
+$1.27M |
| 3 |
Morgan Stanley
New York
|
+$323K |
| 4 |
MWR
McAdams Wright Ragen
Seattle,
Washington
|
+$286K |
| 5 |
AP
Advisors Preferred
Rockville,
Maryland
|
+$178K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$5.22M |
| 2 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$4.81M |
| 3 |
EM
EnTrustPermal Management
New York
|
-$3.51M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.71M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.55M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $69K | +$48 | +1 | +0.1% |
|
|
ST
27
Stifel Trust
St. Louis,
Missouri
| $38K | +$38.1K | +800 | New |
|
|
NES
28
New England Securities
New York
| $27K | +$9.99K | +210 | +57% |
|
29
Ameriprise
Minneapolis,
Minnesota
| $25K | +$333 | +7 | +1% |
|
|
BRWM
30
B. Riley Wealth Management
Memphis,
Tennessee
| $23K | – | – | – |
|
|
GSC
31
Ground Swell Capital
Folly Beach,
South Carolina
| $13K | -$25.5K | -535 | -66% |
|
|
AIG
32
American International Group
New York
| $9.42K | – | – | – |
|
33
Creative Planning
Overland Park,
Kansas
| $4K | -$105K | -2,200 | -96% |
|
|
EM
34
EnTrustPermal Management
New York
| – | -$3.51M | -73,393 | Closed |
|
|
VKH
35
Virtu KCG Holdings
New York
| – | -$783K | -16,380 | Closed |
|
36
Jane Street
New York
| – | -$376K | -7,856 | Closed |
|
37
Citigroup
New York
| – | -$19K | -405 | Closed |
|
38
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$10K | -200 | Closed |
|
|
BRWA
39
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$1.77K | -37 | Closed |
|
IAK Hedge Fund Activity: Q3 2014 in Review
33 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in iShares US Insurance ETF (IAK) for Q3 2014, worth a combined $38.3M — down 30% from $54.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of IAK and 5 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 10 added.
The largest buyer was Goldman Sachs, opening a new position worth an estimated $2.51M. The largest seller was SG Americas Securities, cutting an estimated $5.22M.
- 33 institutional investors held iShares US Insurance ETF (IAK) as of Q3 2014, down from 34 in Q2 2014.
- Funds reported $38.3M of iShares US Insurance ETF stock for Q3 2014, down 30% quarter-over-quarter.
- 5 funds opened new iShares US Insurance ETF positions in Q3 2014 and 6 closed out, a net change of -1 holder.
- The largest iShares US Insurance ETF buyer in Q3 2014 was Goldman Sachs, an estimated $2.51M added.
- The largest iShares US Insurance ETF seller in Q3 2014 was SG Americas Securities, an estimated $5.22M sold.
Based on aggregated 13F filings for Q3 2014.