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iShares US Home Construction ETF
ITB

125 hedge funds and large institutions have $905M invested in iShares US Home Construction ETF in 2013 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 35 increasing their positions, 32 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more funds holding in top 10

Funds holding in top 10: 1 → 4 (+3)

159% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 17

27% more call options, than puts

Call options by funds: $104M | Put options by funds: $82.3M

25% more funds holding

Funds holding: 100 → 125 (+25)

17% more capital invested

Capital invested by funds: $774M → $905M (+$131M)

9.21% more ownership

Funds ownership: 43.52% → 52.73% (+9.2%)

9% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 32

Holders
125
Holders Change
+25
Holders Change %
+25%
% of All Funds
3.63%
Holding in Top 10
4
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+300%
% of All Funds
0.12%
New
44
Increased
35
Reduced
32
Closed
17
Calls
$104M
Puts
$82.3M
Net Calls
+$22.1M
Net Calls Change
+$55.2M

Top Buyers

1
MAM
Marketfield Asset Management
New York
+$68.6M
2
Morgan Stanley
Morgan Stanley
New York
+$30.9M
3
PAG
Pinnacle Advisory Group
Maryland
+$23.7M
4
Bank of America
Bank of America
North Carolina
+$15.1M
5
PSUF
People's United Financial
Connecticut
+$12.3M

Top Sellers

1
Citigroup
Citigroup
New York
-$101M
2
PVH
Psagot Value Holdings
Israel
-$43.6M
3
FCAM
F&C Asset Management
United Kingdom
-$14.2M
4
SAM
Scopus Asset Management
New York
-$6.7M
5
Wells Fargo
Wells Fargo
California
-$6.51M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
51
Sandler Capital Management
New York
$1.12M +$1.02M +45,000 New
FAAS
52
First Allied Advisory Services
California
$1.09M -$132K -5,820 -12%
RJA
53
Raymond James & Associates
Florida
$1.09M +$642K +28,352 +182%
CA
54
Commerzbank Aktiengesellschaft
Germany
$1.07M +$973K +43,000 New
MA
55
MUFG Americas
New York
$943K +$17.4K +767 +2%
BCM
56
Barometer Capital Management
Ontario, Canada
$826K +$753K +33,300 New
B
57
Baird
Wisconsin
$789K +$443K +19,556 +160%
BHA
58
Beech Hill Advisors
New York
$645K +$79.2K +3,500 +16%
CSIC
59
Clifford Swan Investment Counsel
California
$644K – – –
GCM
60
Graham Capital Management
Connecticut
$621K +$566K +25,000 New
WMSA
61
Weiss Multi-Strategy Advisers
New York
$621K +$566K +25,000 New
SI
62
SII Investments
Wisconsin
$572K -$36.1K -1,595 -6%
GLRA
63
Gerald L. Ray & Associates
Texas
$564K -$6.79K -300 -1%
PAG
64
Private Advisor Group
New Jersey
$554K +$505K +22,311 New
VKH
65
Virtu KCG Holdings
New York
$551K -$2.48M -109,643 -83%
TH
66
Timber Hill
Connecticut
$545K +$497K +21,955 New
Fiera Capital (Canada)
67
Fiera Capital (Canada)
Quebec, Canada
$531K +$484K +21,400 New
BIG
68
Blackthorn Investment Group
Kansas
$526K -$81.6K -3,608 -15%
AIG
69
American International Group
New York
$503K -$103K -4,570 -18%
PVH
70
Psagot Value Holdings
Israel
$470K -$43.6M -1,927,161 -99%
WS
71
Wedbush Securities
California
$469K -$7.24K -320 -2%
MIM
72
Miller Investment Management
Pennsylvania
$461K – – –
NPC
73
National Planning Corporation
California
$457K -$118K -5,228 -22%
LTFS
74
Ladenburg Thalmann Financial Services
Florida
$457K +$345K +15,229 +477%
JIR
75
James Investment Research
Ohio
$447K -$421K -18,600 -51%
1 2
3
4 5

ITB Hedge Fund Activity: Q4 2013 in Review

125 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in iShares US Home Construction ETF (ITB) for Q4 2013, worth a combined $905M — up 17% from $774M a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new ITB positions and 17 closed out — a net gain of 27 holders — while 35 added to existing stakes and 32 trimmed.

The largest buyer was Marketfield Asset Management, adding an estimated $68.6M. The largest seller was Citigroup, cutting an estimated $101M.

  • 125 institutional investors held iShares US Home Construction ETF (ITB) as of Q4 2013, up from 100 in Q3 2013.
  • Funds reported $905M of iShares US Home Construction ETF stock for Q4 2013, up 17% quarter-over-quarter.
  • 44 funds opened new iShares US Home Construction ETF positions in Q4 2013 and 17 closed out, a net change of +27 holders.
  • The largest iShares US Home Construction ETF buyer in Q4 2013 was Marketfield Asset Management, an estimated $68.6M added.
  • The largest iShares US Home Construction ETF seller in Q4 2013 was Citigroup, an estimated $101M sold.

Based on aggregated 13F filings for Q4 2013.