State Street SPDR S&P Bank ETF

KBE

Market cap $1.56B

KBE Hedge Fund Activity: Q1 2016 in Review

140 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q1 2016, worth a combined $1.41B — down 12% from $1.6B a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of KBE and 25 opened new positions — a net loss of 9 holders — while 56 trimmed existing stakes and 36 added.

The largest buyer was Goldman Sachs, adding an estimated $118M. The largest seller was Migdal Insurance & Financial Holdings, exiting entirely with an estimated $111M sold.

• 140 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q1 2016, down from 151 in Q4 2015.
• Funds reported $1.41B of State Street SPDR S&P Bank ETF stock for Q1 2016, down 12% quarter-over-quarter.
• 25 funds opened new State Street SPDR S&P Bank ETF positions in Q1 2016 and 34 closed out, a net change of -9 holders.
• The largest State Street SPDR S&P Bank ETF buyer in Q1 2016 was Goldman Sachs, an estimated $118M added.
• The largest State Street SPDR S&P Bank ETF seller in Q1 2016 was Migdal Insurance & Financial Holdings, an estimated $111M sold.

Based on aggregated 13F filings for Q1 2016.