VanEck International High Yield Bond ETF
24 hedge funds and large institutions have $39.8M invested in VanEck International High Yield Bond ETF in 2013 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 9 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
11% less funds holding
Funds holding: 27 → 24 (-3)
32.01% less ownership
Funds ownership: 62.46% → 30.45% (-32%)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
71% less call options, than puts
Call options by funds: $2.59M | Put options by funds: $8.84M
77% less capital invested
Capital invested by funds: $170M → $39.8M (-$130M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWM
Modera Wealth Management
Westwood,
New Jersey
|
+$13.6M |
| 2 |
Morgan Stanley
New York
|
+$4.36M |
| 3 |
Jane Street
New York
|
+$2.19M |
| 4 |
CG
Colony Group
Boston,
Massachusetts
|
+$1.19M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$60.7M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$35.9M |
| 3 |
BCM
Bluefin Capital Management
New York
|
-$16.7M |
| 4 |
AC
AFAM Capital
Austin,
Texas
|
-$12.4M |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$11.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WCM
26
Weatherstone Capital Management
Denver,
Colorado
| – | -$5.14M | -191,836 | Closed |
|
|
FAAS
27
First Allied Advisory Services
San Diego,
California
| – | -$584K | -21,928 | Closed |
|
|
CCWA
28
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
| – | -$350K | -13,121 | Closed |
|
|
WA
29
WFG Advisors
Dallas,
Texas
| – | -$120K | -4,514 | Closed |
|
30
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$38K | -1,413 | Closed |
|
31
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$21K | -799 | Closed |
|
|
PTC
32
Private Trust Company
Cleveland,
Ohio
| – | -$5K | -183 | Closed |
|
|
CTC
33
Central Trust Company
Jefferson City,
Missouri
| – | -$4K | -164 | Closed |
|
IHY Hedge Fund Activity: Q4 2013 in Review
24 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in VanEck International High Yield Bond ETF (IHY) for Q4 2013, worth a combined $39.8M — down 77% from $170M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of IHY and 6 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 8 added.
The largest buyer was Modera Wealth Management, opening a new position worth an estimated $13.6M. The largest seller was Envestnet Asset Management, cutting an estimated $60.7M.
- 24 institutional investors held VanEck International High Yield Bond ETF (IHY) as of Q4 2013, down from 27 in Q3 2013.
- Funds reported $39.8M of VanEck International High Yield Bond ETF stock for Q4 2013, down 77% quarter-over-quarter.
- 6 funds opened new VanEck International High Yield Bond ETF positions in Q4 2013 and 9 closed out, a net change of -3 holders.
- The largest VanEck International High Yield Bond ETF buyer in Q4 2013 was Modera Wealth Management, an estimated $13.6M added.
- The largest VanEck International High Yield Bond ETF seller in Q4 2013 was Envestnet Asset Management, an estimated $60.7M sold.
Based on aggregated 13F filings for Q4 2013.