State Street SPDR S&P Bank ETF
118 hedge funds and large institutions have $1.58B invested in State Street SPDR S&P Bank ETF in 2014 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 35 increasing their positions, 43 reducing their positions, and 13 closing their positions.
46% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 13
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
9% more capital invested
Capital invested by funds: $1.45B → $1.58B (+$130M)
5% more funds holding
Funds holding: 112 → 118 (+6)
1.62% more ownership
Funds ownership: 56.93% → 58.55% (+1.6%)
19% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 43
80% less call options, than puts
Call options by funds: $1.55M | Put options by funds: $7.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
Horizon Investments
Charlotte,
North Carolina
|
+$34.5M |
| 2 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
+$14.4M |
| 3 |
FIG
Fortress Investment Group
New York
|
+$13.5M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$8.84M |
| 5 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
+$7.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$19.5M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$6.25M |
| 3 |
Morgan Stanley
New York
|
-$3.88M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$3.27M |
| 5 |
Two Sigma Investments
New York
|
-$3.25M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Millennium Management
New York
| – | -$234K | -7,057 | Closed |
|
|
ASN
127
Advisory Services Network
Atlanta,
Georgia
| – | -$22K | -664 | Closed |
|
128
Invesco
Atlanta,
Georgia
| – | -$22K | -658 | Closed |
|
|
EAMA
129
EFG Asset Management (Americas)
Miami,
Florida
| – | -$21.1K | -635 | Closed |
|
|
S
130
SignatureFD
Atlanta,
Georgia
| – | -$10K | -300 | Closed |
|
131
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$3K | -103 | Closed |
|
KBE Hedge Fund Activity: Q1 2014 in Review
118 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q1 2014, worth a combined $1.58B — up 9% from $1.45B a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new KBE positions and 13 closed out — a net gain of 6 holders — while 35 added to existing stakes and 43 trimmed.
The largest buyer was Horizon Investments, opening a new position worth an estimated $34.5M. The largest seller was Goldman Sachs, cutting an estimated $19.5M.
- 118 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q1 2014, up from 112 in Q4 2013.
- Funds reported $1.58B of State Street SPDR S&P Bank ETF stock for Q1 2014, up 9% quarter-over-quarter.
- 19 funds opened new State Street SPDR S&P Bank ETF positions in Q1 2014 and 13 closed out, a net change of +6 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q1 2014 was Horizon Investments, an estimated $34.5M added.
- The largest State Street SPDR S&P Bank ETF seller in Q1 2014 was Goldman Sachs, an estimated $19.5M sold.
Based on aggregated 13F filings for Q1 2014.