iShares US Financial Services ETF
66 hedge funds and large institutions have $306M invested in iShares US Financial Services ETF in 2013 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 30 increasing their positions, 12 reducing their positions, and 6 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 12
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
39% more capital invested
Capital invested by funds: $221M → $306M (+$85.5M)
14.78% more ownership
Funds ownership: 136.05% → 150.84% (+15%)
6% more funds holding
Funds holding: 62 → 66 (+4)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
37% less call options, than puts
Call options by funds: $378K | Put options by funds: $600K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$24.6M |
| 2 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
+$23.6M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$17.9M |
| 4 |
SG Americas Securities
New York
|
+$14.6M |
| 5 |
HF
Hoxton Financial
Shepherdstown,
West Virginia
|
+$6.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$11.7M |
| 2 |
Rafferty Asset Management
New York
|
-$6.68M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$6.57M |
| 4 |
CP
Cinque Partners
Los Angeles,
California
|
-$3.84M |
| 5 |
QA
Quantitative Advantage
Minnetonka,
Minnesota
|
-$3.43M |
IYG Hedge Fund Activity: Q3 2013 in Review
66 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q3 2013, worth a combined $306M — up 39% from $221M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new IYG positions and 6 closed out — a net gain of 4 holders — while 30 added to existing stakes and 12 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $24.6M. The largest seller was Bank of America, cutting an estimated $11.7M.
- 66 institutional investors held iShares US Financial Services ETF (IYG) as of Q3 2013, up from 62 in Q2 2013.
- Funds reported $306M of iShares US Financial Services ETF stock for Q3 2013, up 39% quarter-over-quarter.
- 10 funds opened new iShares US Financial Services ETF positions in Q3 2013 and 6 closed out, a net change of +4 holders.
- The largest iShares US Financial Services ETF buyer in Q3 2013 was Morgan Stanley, an estimated $24.6M added.
- The largest iShares US Financial Services ETF seller in Q3 2013 was Bank of America, an estimated $11.7M sold.
Based on aggregated 13F filings for Q3 2013.