iShares US Financial Services ETF
73 hedge funds and large institutions have $256M invested in iShares US Financial Services ETF in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 21 increasing their positions, 24 reducing their positions, and 5 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
4% more funds holding
Funds holding: 70 → 73 (+3)
4% more capital invested
Capital invested by funds: $245M → $256M (+$10.7M)
13% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 24
28.58% less ownership
Funds ownership: 131.26% → 102.68% (-29%)
52% less call options, than puts
Call options by funds: $588K | Put options by funds: $1.23M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
+$8.07M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$5.81M |
| 3 |
Morgan Stanley
New York
|
+$4.19M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$3.69M |
| 5 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$3.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$17.7M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$7.14M |
| 3 |
Millennium Management
New York
|
-$5.49M |
| 4 |
SG Americas Securities
New York
|
-$2.37M |
| 5 |
BHB
Bank Hapoalim BM
Tel Aviv,
Israel
|
-$1.98M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Jane Street
New York
| – | -$1.22M | -45,567 | Closed |
|
|
KF
77
Krilogy Financial
St. Louis,
Missouri
| – | -$30K | -1,113 | Closed |
|
78
Simplex Trading
Chicago,
Illinois
| – | -$2K | -87 | Closed |
|
IYG Hedge Fund Activity: Q3 2016 in Review
73 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q3 2016, worth a combined $256M — up 4.3% from $245M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new IYG positions and 5 closed out — a net gain of 4 holders — while 21 added to existing stakes and 24 trimmed.
The largest buyer was Harel Insurance Investments & Financial Services, adding an estimated $8.07M. The largest seller was Bank of America, cutting an estimated $17.7M.
- 73 institutional investors held iShares US Financial Services ETF (IYG) as of Q3 2016, up from 70 in Q2 2016.
- Funds reported $256M of iShares US Financial Services ETF stock for Q3 2016, up 4.3% quarter-over-quarter.
- 9 funds opened new iShares US Financial Services ETF positions in Q3 2016 and 5 closed out, a net change of +4 holders.
- The largest iShares US Financial Services ETF buyer in Q3 2016 was Harel Insurance Investments & Financial Services, an estimated $8.07M added.
- The largest iShares US Financial Services ETF seller in Q3 2016 was Bank of America, an estimated $17.7M sold.
Based on aggregated 13F filings for Q3 2016.