State Street SPDR Bloomberg High Yield Bond ETF
339 hedge funds and large institutions have $5.12B invested in State Street SPDR Bloomberg High Yield Bond ETF in 2013 Q4 according to their latest regulatory filings, with 76 funds opening new positions, 109 increasing their positions, 123 reducing their positions, and 38 closing their positions.
100% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 38
26% more funds holding in top 10
Funds holding in top 10: 34 → 43 (+9)
11% more funds holding
Funds holding: 305 → 339 (+34)
3% more capital invested
Capital invested by funds: $4.99B → $5.12B (+$134M)
0.73% less ownership
Funds ownership: 18.55% → 17.82% (-0.73%)
11% less repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 123
99% less call options, than puts
Call options by funds: $1.84M | Put options by funds: $158M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WI
WBI Investments
Red Bank,
New Jersey
|
+$92.8M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$40.3M |
| 3 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$37.7M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$33.7M |
| 5 |
LM
Lasry Marc
|
+$23.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$54.5M |
| 2 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
-$46.6M |
| 3 |
State Street
Boston,
Massachusetts
|
-$45.6M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$41.3M |
| 5 |
BlackRock
New York
|
-$27.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCM
376
Chilton Capital Management
Houston,
Texas
| – | -$11.6K | -97 | Closed |
|
|
FANJ
377
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$10K | -86 | Closed |
|
378
First Manhattan
New York
| – | -$10K | -86 | Closed |
|
|
CAW
379
Cornerstone Advisors (Washington)
Bellevue,
Washington
| – | -$7K | -55 | Closed |
|
|
EWM
380
Elite Wealth Management
Kirkland,
Washington
| – | -$6K | -47 | Closed |
|
|
BC
381
Bartlett & Co
Cincinnati,
Ohio
| – | -$2.79K | -23 | -96% |
|
|
KCPG
382
Kavar Capital Partners Group
Leawood,
Kansas
| – | +$364 | +3 | New |
|
JNK Hedge Fund Activity: Q4 2013 in Review
339 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg High Yield Bond ETF (JNK) for Q4 2013, worth a combined $5.12B — up 2.7% from $4.99B a quarter earlier.
Buyers outnumbered sellers: 76 funds opened new JNK positions and 38 closed out — a net gain of 38 holders — while 109 added to existing stakes and 123 trimmed.
The largest buyer was WBI Investments, opening a new position worth an estimated $92.8M. The largest seller was Saba Capital Management, cutting an estimated $54.5M.
- 339 institutional investors held State Street SPDR Bloomberg High Yield Bond ETF (JNK) as of Q4 2013, up from 305 in Q3 2013.
- Funds reported $5.12B of State Street SPDR Bloomberg High Yield Bond ETF stock for Q4 2013, up 2.7% quarter-over-quarter.
- 76 funds opened new State Street SPDR Bloomberg High Yield Bond ETF positions in Q4 2013 and 38 closed out, a net change of +38 holders.
- The largest State Street SPDR Bloomberg High Yield Bond ETF buyer in Q4 2013 was WBI Investments, an estimated $92.8M added.
- The largest State Street SPDR Bloomberg High Yield Bond ETF seller in Q4 2013 was Saba Capital Management, an estimated $54.5M sold.
Based on aggregated 13F filings for Q4 2013.