State Street SPDR S&P Bank ETF
208 hedge funds and large institutions have $1.24B invested in State Street SPDR S&P Bank ETF in 2020 Q4 according to their latest regulatory filings, with 74 funds opening new positions, 46 increasing their positions, 52 reducing their positions, and 29 closing their positions.
155% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 29
75% more capital invested
Capital invested by funds: $709M → $1.24B (+$531M)
28% more funds holding
Funds holding: 163 → 208 (+45)
11.04% less ownership
Funds ownership: 60.32% → 49.28% (-11%)
12% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 52
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
67% less call options, than puts
Call options by funds: $163M | Put options by funds: $495M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
+$157M |
| 2 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
+$131M |
| 3 |
Morgan Stanley
New York
|
+$55M |
| 4 |
PVH
Psagot Value Holdings
Tel Aviv,
Israel
|
+$25.7M |
| 5 |
RCMU
Rokos Capital Management (UK)
London,
United Kingdom
|
+$23.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
-$44.2M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$30.5M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$22.7M |
| 4 |
MTWSIF
Mivtachim The Workers Social Insurance Fund
Tel Aviv,
Israel
|
-$21.7M |
| 5 |
Barclays
London,
United Kingdom
|
-$21.3M |
KBE Hedge Fund Activity: Q4 2020 in Review
208 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q4 2020, worth a combined $1.24B — up 75% from $709M a quarter earlier.
Buyers outnumbered sellers: 74 funds opened new KBE positions and 29 closed out — a net gain of 45 holders — while 46 added to existing stakes and 52 trimmed.
The largest buyer was Migdal Insurance & Financial Holdings, opening a new position worth an estimated $157M. The largest seller was EJF Capital, exiting entirely with an estimated $44.2M sold.
- 208 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q4 2020, up from 163 in Q3 2020.
- Funds reported $1.24B of State Street SPDR S&P Bank ETF stock for Q4 2020, up 75% quarter-over-quarter.
- 74 funds opened new State Street SPDR S&P Bank ETF positions in Q4 2020 and 29 closed out, a net change of +45 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q4 2020 was Migdal Insurance & Financial Holdings, an estimated $157M added.
- The largest State Street SPDR S&P Bank ETF seller in Q4 2020 was EJF Capital, an estimated $44.2M sold.
Based on aggregated 13F filings for Q4 2020.