iShares US Home Construction ETF
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$98.1M |
| 2 |
PVH
Psagot Value Holdings
Tel Aviv,
Israel
|
+$42.2M |
| 3 |
Morgan Stanley
New York
|
+$30.9M |
| 4 |
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
Toronto,
Ontario, Canada
|
-$87.7M |
| 2 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$46.1M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$28M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$18.4M |
| 5 |
LPL Financial
San Diego,
California
|
-$14.2M |
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.