State Street SPDR S&P Bank ETF
199 hedge funds and large institutions have $981M invested in State Street SPDR S&P Bank ETF in 2019 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 48 increasing their positions, 87 reducing their positions, and 34 closing their positions.
2.82% less ownership
Funds ownership: 56.92% → 54.11% (-2.8%)
10% less funds holding
Funds holding: 221 → 199 (-22)
18% less capital invested
Capital invested by funds: $1.19B → $981M (-$212M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
45% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 87
50% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 34
93% less call options, than puts
Call options by funds: $12.7M | Put options by funds: $190M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$17.1M |
| 2 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
+$10.7M |
| 3 |
Citigroup
New York
|
+$9.08M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$5.37M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$152M |
| 2 |
ACI
AMP Capital Investors
Sydney,
Australia
|
-$23M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$20.9M |
| 4 |
TEE
Tibra Equities Europe
London,
United Kingdom
|
-$18M |
| 5 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
-$17.5M |
KBE Hedge Fund Activity: Q2 2019 in Review
199 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q2 2019, worth a combined $981M — down 18% from $1.19B a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of KBE and 17 opened new positions — a net loss of 17 holders — while 87 trimmed existing stakes and 48 added.
The largest buyer was Royal Bank of Canada, adding an estimated $17.1M. The largest seller was Goldman Sachs, cutting an estimated $152M.
- 199 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q2 2019, down from 221 in Q1 2019.
- Funds reported $981M of State Street SPDR S&P Bank ETF stock for Q2 2019, down 18% quarter-over-quarter.
- 17 funds opened new State Street SPDR S&P Bank ETF positions in Q2 2019 and 34 closed out, a net change of -17 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q2 2019 was Royal Bank of Canada, an estimated $17.1M added.
- The largest State Street SPDR S&P Bank ETF seller in Q2 2019 was Goldman Sachs, an estimated $152M sold.
Based on aggregated 13F filings for Q2 2019.