iShares Expanded Tech-Software Sector ETF
57 hedge funds and large institutions have $303M invested in iShares Expanded Tech-Software Sector ETF in 2013 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 22 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
13% more capital invested
Capital invested by funds: $269M → $303M (+$34.5M)
6% more funds holding
Funds holding: 54 → 57 (+3)
10.85% less ownership
Funds ownership: 157.03% → 146.18% (-11%)
18% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$24.6M |
| 2 |
Morgan Stanley
New York
|
+$7.22M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.41M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$869K |
| 5 |
PAG
Pinnacle Advisory Group
Columbia,
Maryland
|
+$477K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
-$13.2M |
| 2 |
BAAM
Baker Avenue Asset Management
San Francisco,
California
|
-$4.18M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.22M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.02M |
| 5 |
MM
Main Management
San Francisco,
California
|
-$896K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Envestnet Asset Management
Chicago,
Illinois
| $10K | -$1.17K | -75 | -11% |
|
52
US Bancorp
Minneapolis,
Minnesota
| $8K | – | – | – |
|
|
LTFS
53
Ladenburg Thalmann Financial Services
Miami,
Florida
| $6K | +$1.17K | +75 | +25% |
|
|
HR
54
Howe & Rusling
Rochester,
New York
| $3K | -$11.3K | -725 | -80% |
|
55
Creative Planning
Overland Park,
Kansas
| $2K | – | – | – |
|
|
AIG
56
American International Group
New York
| $1.48K | -$26.7K | -1,715 | -95% |
|
|
CCMG
57
Clark Capital Management Group
Philadelphia,
Pennsylvania
| – | -$13.2M | -867,180 | Closed |
|
|
RIM
58
Regent Investment Management
Louisville,
Kentucky
| – | -$435K | -28,500 | Closed |
|
|
WA
59
WFG Advisors
Dallas,
Texas
| – | -$79K | -5,175 | Closed |
|
|
WF
60
WealthTrust Fairport
Cleveland,
Ohio
| – | -$8K | -500 | Closed |
|
61
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2K | -105 | Closed |
|
IGV Hedge Fund Activity: Q4 2013 in Review
57 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in iShares Expanded Tech-Software Sector ETF (IGV) for Q4 2013, worth a combined $303M — up 13% from $269M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new IGV positions and 5 closed out — a net gain of 4 holders — while 18 added to existing stakes and 22 trimmed.
The largest buyer was Bank of Nova Scotia, adding an estimated $24.6M. The largest seller was Clark Capital Management Group, exiting entirely with an estimated $13.2M sold.
- 57 institutional investors held iShares Expanded Tech-Software Sector ETF (IGV) as of Q4 2013, up from 54 in Q3 2013.
- Funds reported $303M of iShares Expanded Tech-Software Sector ETF stock for Q4 2013, up 13% quarter-over-quarter.
- 9 funds opened new iShares Expanded Tech-Software Sector ETF positions in Q4 2013 and 5 closed out, a net change of +4 holders.
- The largest iShares Expanded Tech-Software Sector ETF buyer in Q4 2013 was Bank of Nova Scotia, an estimated $24.6M added.
- The largest iShares Expanded Tech-Software Sector ETF seller in Q4 2013 was Clark Capital Management Group, an estimated $13.2M sold.
Based on aggregated 13F filings for Q4 2013.