iShares US Financial Services ETF
68 hedge funds and large institutions have $332M invested in iShares US Financial Services ETF in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 25 increasing their positions, 15 reducing their positions, and 12 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 15
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
14.51% more ownership
Funds ownership: 150.84% → 165.35% (+15%)
9% more capital invested
Capital invested by funds: $306M → $332M (+$26.2M)
3% more funds holding
Funds holding: 66 → 68 (+2)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
42% less call options, than puts
Call options by funds: $394K | Put options by funds: $679K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPSAC
Chas P. Smith & Associates (CPS)
Lakeland,
Florida
|
+$30.6M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$10.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$6.44M |
| 4 |
Morgan Stanley
New York
|
+$4.15M |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$2.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$24.9M |
| 2 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
-$23.3M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$19M |
| 4 |
FMP
Financial Management Professionals
Austin,
Texas
|
-$3.38M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.17M |
IYG Hedge Fund Activity: Q4 2013 in Review
68 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q4 2013, worth a combined $332M — up 8.5% from $306M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new IYG positions and 12 closed out — a net gain of 3 holders — while 25 added to existing stakes and 15 trimmed.
The largest buyer was Chas P. Smith & Associates (CPS), adding an estimated $30.6M. The largest seller was SG Americas Securities, cutting an estimated $24.9M.
- 68 institutional investors held iShares US Financial Services ETF (IYG) as of Q4 2013, up from 66 in Q3 2013.
- Funds reported $332M of iShares US Financial Services ETF stock for Q4 2013, up 8.5% quarter-over-quarter.
- 15 funds opened new iShares US Financial Services ETF positions in Q4 2013 and 12 closed out, a net change of +3 holders.
- The largest iShares US Financial Services ETF buyer in Q4 2013 was Chas P. Smith & Associates (CPS), an estimated $30.6M added.
- The largest iShares US Financial Services ETF seller in Q4 2013 was SG Americas Securities, an estimated $24.9M sold.
Based on aggregated 13F filings for Q4 2013.