State Street SPDR S&P Bank ETF
213 hedge funds and large institutions have $697M invested in State Street SPDR S&P Bank ETF in 2023 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 67 increasing their positions, 56 reducing their positions, and 46 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 56
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5.07% less ownership
Funds ownership: 54.89% → 49.82% (-5.1%)
7% less funds holding
Funds holding: 230 → 213 (-17)
22% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 46
26% less capital invested
Capital invested by funds: $942M → $697M (-$245M)
51% less call options, than puts
Call options by funds: $135M | Put options by funds: $274M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$41.8M |
| 2 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$35.6M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$19.3M |
| 4 |
SCM
Segantii Capital Management
Hong Kong
|
+$15.3M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$12.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$55.3M |
| 2 |
Morgan Stanley
New York
|
-$54.2M |
| 3 |
JP Morgan Chase
New York
|
-$26.1M |
| 4 |
MIH
Meitav Investment House
Bene-Beraq,
Israel
|
-$19.1M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$19M |
KBE Hedge Fund Activity: Q1 2023 in Review
213 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q1 2023, worth a combined $697M — down 26% from $942M a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of KBE and 36 opened new positions — a net loss of 10 holders — while 56 trimmed existing stakes and 67 added.
The largest buyer was Goldman Sachs, adding an estimated $41.8M. The largest seller was Citigroup, cutting an estimated $55.3M.
- 213 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q1 2023, down from 230 in Q4 2022.
- Funds reported $697M of State Street SPDR S&P Bank ETF stock for Q1 2023, down 26% quarter-over-quarter.
- 36 funds opened new State Street SPDR S&P Bank ETF positions in Q1 2023 and 46 closed out, a net change of -10 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q1 2023 was Goldman Sachs, an estimated $41.8M added.
- The largest State Street SPDR S&P Bank ETF seller in Q1 2023 was Citigroup, an estimated $55.3M sold.
Based on aggregated 13F filings for Q1 2023.