iShares US Financial Services ETF
142 hedge funds and large institutions have $452M invested in iShares US Financial Services ETF in 2020 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 31 increasing their positions, 49 reducing their positions, and 39 closing their positions.
12.93% more ownership
Funds ownership: 175.56% → 188.49% (+13%)
11% less funds holding
Funds holding: 160 → 142 (-18)
37% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 49
38% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 39
44% less capital invested
Capital invested by funds: $813M → $452M (-$362M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$37.1M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.8M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$4.41M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$3.74M |
| 5 |
RICHC
Renaissance Investment Consultants Holding Company
Wayne,
Pennsylvania
|
+$3.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$27.5M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$14.3M |
| 3 |
NEIRG
New England Investment & Retirement Group
North Andover,
Massachusetts
|
-$11.4M |
| 4 |
QA
Quantitative Advantage
Minnetonka,
Minnesota
|
-$10.6M |
| 5 |
NSLI
Nan Shan Life Insurance
Taipei City,
Taiwan
|
-$10.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RAM
176
Riggs Asset Management
Dallas,
Pennsylvania
| – | -$11K | -210 | Closed |
|
|
PA
177
PSI Advisors
Tampa,
Florida
| – | -$7K | -156 | Closed |
|
|
WA
178
WestEnd Advisors
Charlotte,
North Carolina
| – | -$2.73K | -54 | Closed |
|
179
William Blair & Company
Chicago,
Illinois
| – | -$2K | -36 | Closed |
|
IYG Hedge Fund Activity: Q1 2020 in Review
142 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q1 2020, worth a combined $452M — down 44% from $813M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of IYG and 24 opened new positions — a net loss of 15 holders — while 49 trimmed existing stakes and 31 added.
The largest buyer was Morgan Stanley, adding an estimated $37.1M. The largest seller was RiverFront Investment Group, cutting an estimated $27.5M.
- 142 institutional investors held iShares US Financial Services ETF (IYG) as of Q1 2020, down from 160 in Q4 2019.
- Funds reported $452M of iShares US Financial Services ETF stock for Q1 2020, down 44% quarter-over-quarter.
- 24 funds opened new iShares US Financial Services ETF positions in Q1 2020 and 39 closed out, a net change of -15 holders.
- The largest iShares US Financial Services ETF buyer in Q1 2020 was Morgan Stanley, an estimated $37.1M added.
- The largest iShares US Financial Services ETF seller in Q1 2020 was RiverFront Investment Group, an estimated $27.5M sold.
Based on aggregated 13F filings for Q1 2020.