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iShares US Home Construction ETF
ITB

100 hedge funds and large institutions have $774M invested in iShares US Home Construction ETF in 2013 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 23 increasing their positions, 38 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

6.2% more ownership

Funds ownership: 37.32% → 43.52% (+6.2%)

3% less capital invested

Capital invested by funds: $794M → $774M (-$20.2M)

12% less funds holding

Funds holding: 113 → 100 (-13)

32% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 38

37% less call options, than puts

Call options by funds: $56.1M | Put options by funds: $89.2M

39% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 38

80% less funds holding in top 10

Funds holding in top 10: 5 → 1 (-4)

Holders
100
Holders Change
-13
Holders Change %
-11.5%
% of All Funds
3.24%
Holding in Top 10
1
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-80%
% of All Funds
0.03%
New
26
Increased
23
Reduced
38
Closed
38
Calls
$56.1M
Puts
$89.2M
Net Calls
-$33.1M
Net Calls Change
-$15.5M

Top Buyers

Rank Fund Capital Flow
1
Citigroup
Citigroup
New York
+$98.1M
2
PVH
Psagot Value Holdings
Israel
+$42.2M
3
Morgan Stanley
Morgan Stanley
New York
+$30.9M
4
Goldman Sachs
Goldman Sachs
New York
+$30.8M
5
MAM
Marketfield Asset Management
New York
+$23.7M

Top Sellers

Rank Fund Capital Flow
1
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$87.7M
2
DCM
Discovery Capital Management
Connecticut
-$46.1M
3
Deutsche Bank
Deutsche Bank
Germany
-$28M
4
PAMP
Polar Asset Management Partners
Ontario, Canada
-$18.4M
5
LPL Financial
LPL Financial
California
-$14.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCMU
26
BlueCrest Capital Management (UK)
Guernsey
$3.04M +$2.99M +136,000 New
VKH
27
Virtu KCG Holdings
New York
$2.94M +$2.9M +131,830 New
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$2.9M -$1.92M -87,087 -40%
PWPCM
29
Perella Weinberg Partners Capital Management
New York
$2.78M +$2.73M +124,228 New
MCM
30
Murphy Capital Management
New Jersey
$2.77M -$793K -36,055 -23%
CS
31
Credit Suisse
Switzerland
$2.69M -$7.82M -355,537 -75%
BCM
32
Bluefin Capital Management
New York
$2.5M +$2.45M +111,541 New
GIM
33
Guild Investment Management
California
$2.42M +$2.38M +108,400 New
CA
34
Cetera Advisors
Colorado
$1.88M -$279K -12,691 -13%
GC
35
Gruss & Co
Florida
$1.68M – – –
Commonwealth Equity Services
36
Commonwealth Equity Services
Massachusetts
$1.52M -$42.8K -1,946 -3%
SG
37
Somerset Group
Minnesota
$1.15M -$1.86M -84,576 -62%
FAAS
38
First Allied Advisory Services
California
$1.1M -$406K -18,476 -27%
TD Asset Management
39
TD Asset Management
Ontario, Canada
$983K +$968K +44,000 New
QIM
40
Quantitative Investment Management
Virginia
$978K +$963K +43,800 New
SNC
41
Stifel Nicolaus & Co
Missouri
$909K -$1.56M -70,916 -64%
Walleye Trading
42
Walleye Trading
New York
$880K +$838K +38,102 +2,998%
JIP
43
Jaffetilchin Investment Partners
Florida
$838K +$825K +37,530 New
MA
44
MUFG Americas
New York
$832K +$61.2K +2,785 +8%
JIR
45
James Investment Research
Ohio
$818K -$374K -17,000 -32%
PFM
46
PacWest Financial Management
Arizona
$750K -$1.65K -75 -0.2%
I2I
47
Insight 2811 Inc
Illinois
$711K -$60.6K -2,757 -8%
Susquehanna International Group
48
Susquehanna International Group
Pennsylvania
$638K -$4.36M -198,314 -87%
DIA
49
Denver Investment Advisors
Colorado
$614K +$14.3K +650 +2%
CSIC
50
Clifford Swan Investment Counsel
California
$579K – – –
1
2
3 4 5

ITB Hedge Fund Activity: Q3 2013 in Review

100 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in iShares US Home Construction ETF (ITB) for Q3 2013, worth a combined $774M — down 2.5% from $794M a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of ITB and 26 opened new positions — a net loss of 12 holders — while 38 trimmed existing stakes and 23 added.

The largest buyer was Citigroup, adding an estimated $98.1M. The largest seller was Bank of Nova Scotia, cutting an estimated $87.7M.

  • 100 institutional investors held iShares US Home Construction ETF (ITB) as of Q3 2013, down from 113 in Q2 2013.
  • Funds reported $774M of iShares US Home Construction ETF stock for Q3 2013, down 2.5% quarter-over-quarter.
  • 26 funds opened new iShares US Home Construction ETF positions in Q3 2013 and 38 closed out, a net change of -12 holders.
  • The largest iShares US Home Construction ETF buyer in Q3 2013 was Citigroup, an estimated $98.1M added.
  • The largest iShares US Home Construction ETF seller in Q3 2013 was Bank of Nova Scotia, an estimated $87.7M sold.

Based on aggregated 13F filings for Q3 2013.