State Street SPDR Bloomberg High Yield Bond ETF

JNK

Market cap $7.36B

JNK Hedge Fund Activity: Q3 2013 in Review

305 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg High Yield Bond ETF (JNK) for Q3 2013, worth a combined $4.99B — down 3% from $5.14B a quarter earlier.

Sellers outnumbered buyers: 45 funds closed out of JNK and 40 opened new positions — a net loss of 5 holders — while 115 trimmed existing stakes and 113 added.

The largest buyer was Clark Capital Management Group, adding an estimated $87.1M. The largest seller was Charles Schwab Investment Advisory, exiting entirely with an estimated $84.9M sold.

• 305 institutional investors held State Street SPDR Bloomberg High Yield Bond ETF (JNK) as of Q3 2013, down from 313 in Q2 2013.
• Funds reported $4.99B of State Street SPDR Bloomberg High Yield Bond ETF stock for Q3 2013, down 3% quarter-over-quarter.
• 40 funds opened new State Street SPDR Bloomberg High Yield Bond ETF positions in Q3 2013 and 45 closed out, a net change of -5 holders.
• The largest State Street SPDR Bloomberg High Yield Bond ETF buyer in Q3 2013 was Clark Capital Management Group, an estimated $87.1M added.
• The largest State Street SPDR Bloomberg High Yield Bond ETF seller in Q3 2013 was Charles Schwab Investment Advisory, an estimated $84.9M sold.

Based on aggregated 13F filings for Q3 2013.