iShares US Financial Services ETF
68 hedge funds and large institutions have $264M invested in iShares US Financial Services ETF in 2015 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 23 reducing their positions, and 13 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
9% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 23
4% less funds holding
Funds holding: 71 → 68 (-3)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
28% less capital invested
Capital invested by funds: $365M → $264M (-$101M)
32% less call options, than puts
Call options by funds: $885K | Put options by funds: $1.3M
32.54% less ownership
Funds ownership: 167.95% → 135.4% (-33%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cumberland Advisors
Sarasota,
Florida
|
+$2.66M |
| 2 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
+$1.74M |
| 3 |
Jane Street
New York
|
+$1.39M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.37M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$1.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
-$31.3M |
| 2 |
Morgan Stanley
New York
|
-$15.1M |
| 3 |
AssetMark Inc
Concord,
California
|
-$13.7M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$8.65M |
| 5 |
SFI
SPC Financial Inc
Rockville,
Maryland
|
-$8.55M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LWA
76
Lenox Wealth Advisors
New York
| – | -$22K | -735 | Closed |
|
|
MAS
77
Madden Advisory Services
Jacksonville,
Florida
| – | -$20K | -651 | Closed |
|
78
Creative Planning
Overland Park,
Kansas
| – | -$17K | -540 | Closed |
|
|
HCC
79
Hirtle Callaghan & Co
West Conshohocken,
Pennsylvania
| – | -$13K | -420 | Closed |
|
|
PG
80
Patten Group
Chattanooga,
Tennessee
| – | -$6K | -180 | Closed |
|
IYG Hedge Fund Activity: Q1 2015 in Review
68 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q1 2015, worth a combined $264M — down 28% from $365M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of IYG and 11 opened new positions — a net loss of 2 holders — while 23 trimmed existing stakes and 21 added.
The largest buyer was Cumberland Advisors, adding an estimated $2.66M. The largest seller was Beaumont Financial Advisors, exiting entirely with an estimated $31.3M sold.
- 68 institutional investors held iShares US Financial Services ETF (IYG) as of Q1 2015, down from 71 in Q4 2014.
- Funds reported $264M of iShares US Financial Services ETF stock for Q1 2015, down 28% quarter-over-quarter.
- 11 funds opened new iShares US Financial Services ETF positions in Q1 2015 and 13 closed out, a net change of -2 holders.
- The largest iShares US Financial Services ETF buyer in Q1 2015 was Cumberland Advisors, an estimated $2.66M added.
- The largest iShares US Financial Services ETF seller in Q1 2015 was Beaumont Financial Advisors, an estimated $31.3M sold.
Based on aggregated 13F filings for Q1 2015.