VanEck International High Yield Bond ETF
29 hedge funds and large institutions have $66.9M invested in VanEck International High Yield Bond ETF in 2014 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 7 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
2.56% less ownership
Funds ownership: 42.66% → 40.1% (-2.6%)
3% less funds holding
Funds holding: 30 → 29 (-1)
23% less call options, than puts
Call options by funds: $10.2M | Put options by funds: $13.3M
24% less capital invested
Capital invested by funds: $88M → $66.9M (-$21.1M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$6.84M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.57M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$2.26M |
| 4 |
QI
QS Investors
New York
|
+$2.2M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$943K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNAA
Pictet North America Advisors
Geneva 73,
Switzerland
|
-$24.2M |
| 2 |
Morgan Stanley
New York
|
-$5.4M |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$1.39M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.01M |
| 5 |
CG
Colony Group
Boston,
Massachusetts
|
-$665K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
AllianceBernstein
Nashville,
Tennessee
| $6K | – | – | – |
|
27
Envestnet Asset Management
Chicago,
Illinois
| $6K | – | – | – |
|
|
NMIS
28
Northwestern Mutual Investment Services
Milwaukee,
Wisconsin
| $1K | +$1.03K | +40 | New |
|
|
AIG
29
American International Group
New York
| $392 | – | – | – |
|
|
PNAA
30
Pictet North America Advisors
Geneva 73,
Switzerland
| – | -$24.2M | -912,882 | Closed |
|
|
VKH
31
Virtu KCG Holdings
New York
| – | -$1.39M | -53,965 | Closed |
|
32
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$511K | -19,863 | Closed |
|
33
LPL Financial
San Diego,
California
| – | -$264K | -10,004 | Closed |
|
34
Ameriprise
Minneapolis,
Minnesota
| – | -$54K | -2,046 | Closed |
|
|
MA
35
MUFG Americas
New York
| – | -$26K | -1,000 | Closed |
|
|
PSI
36
Pinnacle Summer Investments
Fairfax,
Virginia
| – | -$3K | -98 | Closed |
|
IHY Hedge Fund Activity: Q4 2014 in Review
29 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in VanEck International High Yield Bond ETF (IHY) for Q4 2014, worth a combined $66.9M — down 24% from $88M a quarter earlier.
Fund positioning in IHY was balanced in Q4 2014: 7 funds opened new positions, 7 closed out, 11 added to existing stakes and 7 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $6.84M. The largest seller was Pictet North America Advisors, exiting entirely with an estimated $24.2M sold.
- 29 institutional investors held VanEck International High Yield Bond ETF (IHY) as of Q4 2014, down from 30 in Q3 2014.
- Funds reported $66.9M of VanEck International High Yield Bond ETF stock for Q4 2014, down 24% quarter-over-quarter.
- 7 funds opened new VanEck International High Yield Bond ETF positions in Q4 2014 and 7 closed out, a net change of 0 holders.
- The largest VanEck International High Yield Bond ETF buyer in Q4 2014 was Deutsche Bank, an estimated $6.84M added.
- The largest VanEck International High Yield Bond ETF seller in Q4 2014 was Pictet North America Advisors, an estimated $24.2M sold.
Based on aggregated 13F filings for Q4 2014.