iShares US Financial Services ETF
71 hedge funds and large institutions have $365M invested in iShares US Financial Services ETF in 2014 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 31 increasing their positions, 14 reducing their positions, and 13 closing their positions.
121% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 14
26% more capital invested
Capital invested by funds: $289M → $365M (+$76.4M)
16.69% more ownership
Funds ownership: 151.25% → 167.95% (+17%)
5% more call options, than puts
Call options by funds: $817K | Put options by funds: $781K
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
8% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 13
4% less funds holding
Funds holding: 74 → 71 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
+$26.7M |
| 2 |
AssetMark Inc
Concord,
California
|
+$7.9M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$5.04M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.91M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$3.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
-$2.15M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$1.95M |
| 3 |
VF
Virtu Financial
New York
|
-$1.18M |
| 4 |
CP
Cinque Partners
Los Angeles,
California
|
-$1.16M |
| 5 |
JP Morgan Chase
New York
|
-$711K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TH
76
Timber Hill
Greenwich,
Connecticut
| – | -$317K | -11,037 | Closed |
|
77
Schroder Investment Management Group
London,
United Kingdom
| – | -$196K | -6,816 | Closed |
|
78
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$120K | -4,200 | Closed |
|
|
AP
79
Advisors Preferred
Rockville,
Maryland
| – | -$52.2K | -1,821 | Closed |
|
|
PAG
80
Private Advisor Group
Morristown,
New Jersey
| – | -$32K | -1,119 | Closed |
|
|
OCM
81
One Capital Management
Westlake Village,
California
| – | -$17K | -600 | Closed |
|
|
NFG
82
Next Financial Group
Houston,
Texas
| – | -$9K | -300 | Closed |
|
|
SF
83
Synovus Financial
Columbus,
Georgia
| – | -$6K | -207 | Closed |
|
84
Parallax Volatility Advisers
San Francisco,
California
| – | +$88 | +3 | New |
|
IYG Hedge Fund Activity: Q4 2014 in Review
71 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q4 2014, worth a combined $365M — up 26% from $289M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of IYG and 12 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 31 added.
The largest buyer was Beaumont Financial Advisors, adding an estimated $26.7M. The largest seller was Tower Research Capital (TRC), exiting entirely with an estimated $2.15M sold.
- 71 institutional investors held iShares US Financial Services ETF (IYG) as of Q4 2014, down from 74 in Q3 2014.
- Funds reported $365M of iShares US Financial Services ETF stock for Q4 2014, up 26% quarter-over-quarter.
- 12 funds opened new iShares US Financial Services ETF positions in Q4 2014 and 13 closed out, a net change of -1 holder.
- The largest iShares US Financial Services ETF buyer in Q4 2014 was Beaumont Financial Advisors, an estimated $26.7M added.
- The largest iShares US Financial Services ETF seller in Q4 2014 was Tower Research Capital (TRC), an estimated $2.15M sold.
Based on aggregated 13F filings for Q4 2014.