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iShares US Financial Services ETF
IYG

144 hedge funds and large institutions have $679M invested in iShares US Financial Services ETF in 2019 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 28 increasing their positions, 62 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more call options, than puts

Call options by funds: $1.39M | Put options by funds: $1.16M

3.29% more ownership

Funds ownership: 165.38% → 168.67% (+3.3%)

1% less capital invested

Capital invested by funds: $687M → $679M (-$7.3M)

3% less funds holding

Funds holding: 148 → 144 (-4)

24% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 17

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

55% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 62

Holders
144
Holders Change
-4
Holders Change %
-2.7%
% of All Funds
3.16%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
13
Increased
28
Reduced
62
Closed
17
Calls
$1.39M
Puts
$1.16M
Net Calls
+$230K
Net Calls Change
-$1M

Top Buyers

1
HIIFS
Harel Insurance Investments & Financial Services
Israel
+$3.89M
2
Citadel Advisors
Citadel Advisors
Florida
+$3.24M
3
SI
Stephens Inc
Arkansas
+$3M
4
LPL Financial
LPL Financial
California
+$2.35M
5
KCM
Karp Capital Management
California
+$2.34M

Top Sellers

1
CS
Credit Suisse
Switzerland
-$8.99M
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$3.66M
3
N
Nuveen
North Carolina
-$2.68M
4
UBS Group
UBS Group
Switzerland
-$2.6M
5
Morgan Stanley
Morgan Stanley
New York
-$2.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
RIG
1
RiverFront Investment Group
Virginia
$121M -$2.1M -46,479 -2%
Goldman Sachs
2
Goldman Sachs
New York
$81.7M +$40.4K +897 +0%
Bank of America
3
Bank of America
North Carolina
$53.5M -$1.87M -41,385 -3%
Morgan Stanley
4
Morgan Stanley
New York
$48.4M -$2.36M -52,428 -5%
RJA
5
Raymond James & Associates
Florida
$38.1M -$273K -6,054 -0.7%
CAM
6
Cresset Asset Management
Illinois
$24M – – –
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$20M -$56.4K -1,251 -0.3%
FWCM
8
Ferguson Wellman Capital Management
Oregon
$19.8M -$12.2K -270 -0.1%
MCWS
9
McKinley Carter Wealth Services
West Virginia
$18.1M -$195K -4,332 -1%
LPL Financial
10
LPL Financial
California
$17.7M +$2.35M +52,041 +15%
Wells Fargo
11
Wells Fargo
California
$16.2M -$1.07M -23,808 -6%
Citadel Advisors
12
Citadel Advisors
Florida
$14.7M +$3.24M +71,919 +29%
Janney Montgomery Scott
13
Janney Montgomery Scott
Pennsylvania
$14M -$1.59M -35,295 -10%
UBS Group
14
UBS Group
Switzerland
$13.4M -$2.6M -57,744 -16%
RW
15
RVW Wealth
California
$11.8M -$727K -16,131 -6%
NSLI
16
Nan Shan Life Insurance
Taiwan
$9.23M – – –
BTS
17
BB&T Securities
Virginia
$8.11M -$171K -3,804 -2%
QA
18
Quantitative Advantage
Minnesota
$8.1M +$727K +16,137 +10%
Bank of Montreal
19
Bank of Montreal
Ontario, Canada
$7.54M +$17.4K +387 +0.2%
BWFA
20
Baltimore-Washington Financial Advisors
Maryland
$7.24M -$63.7K -1,413 -0.9%
BCI
21
Brinker Capital Investments
Pennsylvania
$7.09M – – –
SI
22
Stephens Inc
Arkansas
$6.79M +$3M +66,519 +80%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$6.71M -$3.66M -81,207 -35%
CAM
24
Cypress Asset Management
Texas
$6.29M -$342K -7,590 -5%
Envestnet Asset Management
25
Envestnet Asset Management
Illinois
$5.44M +$135K +2,988 +3%
1
2 3 4 5

IYG Hedge Fund Activity: Q3 2019 in Review

144 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q3 2019, worth a combined $679M — down 1.1% from $687M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of IYG and 13 opened new positions — a net loss of 4 holders — while 62 trimmed existing stakes and 28 added.

The largest buyer was Harel Insurance Investments & Financial Services, adding an estimated $3.89M. The largest seller was Credit Suisse, cutting an estimated $8.99M.

  • 144 institutional investors held iShares US Financial Services ETF (IYG) as of Q3 2019, down from 148 in Q2 2019.
  • Funds reported $679M of iShares US Financial Services ETF stock for Q3 2019, down 1.1% quarter-over-quarter.
  • 13 funds opened new iShares US Financial Services ETF positions in Q3 2019 and 17 closed out, a net change of -4 holders.
  • The largest iShares US Financial Services ETF buyer in Q3 2019 was Harel Insurance Investments & Financial Services, an estimated $3.89M added.
  • The largest iShares US Financial Services ETF seller in Q3 2019 was Credit Suisse, an estimated $8.99M sold.

Based on aggregated 13F filings for Q3 2019.