iShares US Financial Services ETF
72 hedge funds and large institutions have $248M invested in iShares US Financial Services ETF in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 36 reducing their positions, and 19 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
13% less funds holding
Funds holding: 83 → 72 (-11)
22.55% less ownership
Funds ownership: 154.75% → 132.2% (-23%)
43% less capital invested
Capital invested by funds: $436M → $248M (-$188M)
53% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 36
58% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 19
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $860K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$5.04M |
| 2 |
VF
Virtu Financial
New York
|
+$4.73M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$4.61M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$4.28M |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$1.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AssetMark Inc
Concord,
California
|
-$64.6M |
| 2 |
PAG
Pinnacle Advisory Group
Columbia,
Maryland
|
-$25M |
| 3 |
Morgan Stanley
New York
|
-$11M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$10.5M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$8.42M |
IYG Hedge Fund Activity: Q1 2016 in Review
72 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q1 2016, worth a combined $248M — down 43% from $436M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of IYG and 8 opened new positions — a net loss of 11 holders — while 36 trimmed existing stakes and 17 added.
The largest buyer was Goldman Sachs, adding an estimated $5.04M. The largest seller was AssetMark Inc, cutting an estimated $64.6M.
- 72 institutional investors held iShares US Financial Services ETF (IYG) as of Q1 2016, down from 83 in Q4 2015.
- Funds reported $248M of iShares US Financial Services ETF stock for Q1 2016, down 43% quarter-over-quarter.
- 8 funds opened new iShares US Financial Services ETF positions in Q1 2016 and 19 closed out, a net change of -11 holders.
- The largest iShares US Financial Services ETF buyer in Q1 2016 was Goldman Sachs, an estimated $5.04M added.
- The largest iShares US Financial Services ETF seller in Q1 2016 was AssetMark Inc, an estimated $64.6M sold.
Based on aggregated 13F filings for Q1 2016.