State Street SPDR S&P Bank ETF
218 hedge funds and large institutions have $642M invested in State Street SPDR S&P Bank ETF in 2024 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 38 increasing their positions, 87 reducing their positions, and 46 closing their positions.
31% more call options, than puts
Call options by funds: $61.1M | Put options by funds: $46.7M
6% less funds holding
Funds holding: 232 → 218 (-14)
9.03% less ownership
Funds ownership: 49.36% → 40.33% (-9%)
22% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 46
36% less capital invested
Capital invested by funds: $1,000M → $642M (-$357M)
56% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 87
80% less funds holding in top 10
Funds holding in top 10: 5 → 1 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FHA
Flagship Harbor Advisors
Boston,
Massachusetts
|
+$17.3M |
| 2 |
Squarepoint
New York
|
+$13.2M |
| 3 |
D.E. Shaw & Co
New York
|
+$6.97M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$6.55M |
| 5 |
MFS
Mirabella Financial Services
London,
United Kingdom
|
+$6.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$130M |
| 2 |
JP Morgan Chase
New York
|
-$113M |
| 3 |
Goldman Sachs
New York
|
-$58.4M |
| 4 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
-$35.9M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$10.8M |
KBE Hedge Fund Activity: Q1 2024 in Review
218 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q1 2024, worth a combined $642M — down 36% from $1,000M a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of KBE and 36 opened new positions — a net loss of 10 holders — while 87 trimmed existing stakes and 38 added.
The largest buyer was Flagship Harbor Advisors, opening a new position worth an estimated $17.3M. The largest seller was Morgan Stanley, cutting an estimated $130M.
- 218 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q1 2024, down from 232 in Q4 2023.
- Funds reported $642M of State Street SPDR S&P Bank ETF stock for Q1 2024, down 36% quarter-over-quarter.
- 36 funds opened new State Street SPDR S&P Bank ETF positions in Q1 2024 and 46 closed out, a net change of -10 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q1 2024 was Flagship Harbor Advisors, an estimated $17.3M added.
- The largest State Street SPDR S&P Bank ETF seller in Q1 2024 was Morgan Stanley, an estimated $130M sold.
Based on aggregated 13F filings for Q1 2024.