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iShares US Financial Services ETF
IYG

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
148
Holders Change
-7
Holders Change %
-4.52%
% of All Funds
3.21%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.07%
New
16
Increased
30
Reduced
59
Closed
20
Calls
$2.45M
Puts
$1.22M
Net Calls
+$1.23M
Net Calls Change
-$2.3M

Top Buyers

1
CS
Credit Suisse
Switzerland
+$6.29M
2
CAM
Cypress Asset Management
Texas
+$3.41M
3
FTS
Fifth Third Securities
Ohio
+$1.84M
4
BCM
Barometer Capital Management
Ontario, Canada
+$1.8M
5
HCM
Hilton Capital Management
New York
+$751K

Top Sellers

1
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$48.6M
2
Bank of America
Bank of America
North Carolina
-$31.9M
3
BTS
BB&T Securities
Virginia
-$23.4M
4
RJA
Raymond James & Associates
Florida
-$18.2M
5
WA
WestEnd Advisors
North Carolina
-$14.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
RIG
1
RiverFront Investment Group
Virginia
$121M -$3.2M -72,960 -3%
Goldman Sachs
2
Goldman Sachs
New York
$80.1M +$21.2K +483 +0%
Bank of America
3
Bank of America
North Carolina
$54.4M -$31.9M -727,425 -37%
Morgan Stanley
4
Morgan Stanley
New York
$49.8M -$1.37M -31,305 -3%
RJA
5
Raymond James & Associates
Florida
$37.7M -$18.2M -416,013 -33%
CAM
6
Cresset Asset Management
Illinois
$23.5M – – –
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$19.6M -$9.74M -222,369 -34%
FWCM
8
Ferguson Wellman Capital Management
Oregon
$19.4M -$3.13M -71,550 -14%
MCWS
9
McKinley Carter Wealth Services
West Virginia
$17.9M +$40.1K +915 +0.2%
Wells Fargo
10
Wells Fargo
California
$17M -$2.3M -52,458 -12%
UBS Group
11
UBS Group
Switzerland
$15.7M -$1.92M -43,821 -11%
Janney Montgomery Scott
12
Janney Montgomery Scott
Pennsylvania
$15.3M -$48.6M -1,110,684 -76%
LPL Financial
13
LPL Financial
California
$15.1M +$673K +15,366 +5%
CS
14
Credit Suisse
Switzerland
$13.4M +$6.29M +143,565 +92%
RW
15
RVW Wealth
California
$12.3M +$318K +7,269 +3%
Citadel Advisors
16
Citadel Advisors
Florida
$11.2M -$2.48M -56,556 -18%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$10.2M +$118K +2,700 +1%
NSLI
18
Nan Shan Life Insurance
Taiwan
$9.05M -$4.29M -97,896 -33%
BTS
19
BB&T Securities
Virginia
$8.13M -$23.4M -533,571 -75%
Bank of Montreal
20
Bank of Montreal
Ontario, Canada
$7.38M -$81.9K -1,869 -1%
QA
21
Quantitative Advantage
Minnesota
$7.23M +$313K +7,152 +5%
BWFA
22
Baltimore-Washington Financial Advisors
Maryland
$7.17M -$67.9K -1,551 -1%
BCI
23
Brinker Capital Investments
Pennsylvania
$6.96M -$263K -6,000 -4%
CAM
24
Cypress Asset Management
Texas
$6.51M +$3.41M +77,814 +114%
Stifel Financial
25
Stifel Financial
Missouri
$5.39M +$639K +14,598 +14%
1
2 3 4 5

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.