iShares US Financial Services ETF
148 hedge funds and large institutions have $687M invested in iShares US Financial Services ETF in 2019 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 30 increasing their positions, 59 reducing their positions, and 20 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
101% more call options, than puts
Call options by funds: $2.45M | Put options by funds: $1.22M
5% less funds holding
Funds holding: 155 → 148 (-7)
15% less capital invested
Capital invested by funds: $805M → $687M (-$118M)
16.13% less ownership
Funds ownership: 181.5% → 165.38% (-16%)
20% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 20
49% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 59
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$6.29M |
| 2 |
CAM
Cypress Asset Management
Houston,
Texas
|
+$3.41M |
| 3 |
FTS
Fifth Third Securities
Cincinnati,
Ohio
|
+$1.84M |
| 4 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
+$1.8M |
| 5 |
HCM
Hilton Capital Management
Garden City,
New York
|
+$751K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$48.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$31.9M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$23.4M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$18.2M |
| 5 |
WA
WestEnd Advisors
Charlotte,
North Carolina
|
-$14.5M |
IYG Hedge Fund Activity: Q2 2019 in Review
148 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q2 2019, worth a combined $687M — down 15% from $805M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of IYG and 16 opened new positions — a net loss of 4 holders — while 59 trimmed existing stakes and 30 added.
The largest buyer was Credit Suisse, adding an estimated $6.29M. The largest seller was Janney Montgomery Scott, cutting an estimated $48.6M.
- 148 institutional investors held iShares US Financial Services ETF (IYG) as of Q2 2019, down from 155 in Q1 2019.
- Funds reported $687M of iShares US Financial Services ETF stock for Q2 2019, down 15% quarter-over-quarter.
- 16 funds opened new iShares US Financial Services ETF positions in Q2 2019 and 20 closed out, a net change of -4 holders.
- The largest iShares US Financial Services ETF buyer in Q2 2019 was Credit Suisse, an estimated $6.29M added.
- The largest iShares US Financial Services ETF seller in Q2 2019 was Janney Montgomery Scott, an estimated $48.6M sold.
Based on aggregated 13F filings for Q2 2019.