State Street SPDR S&P Bank ETF
115 hedge funds and large institutions have $1.59B invested in State Street SPDR S&P Bank ETF in 2014 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 34 increasing their positions, 37 reducing their positions, and 17 closing their positions.
41% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 17
9% more capital invested
Capital invested by funds: $1.46B → $1.59B (+$131M)
6% more funds holding
Funds holding: 108 → 115 (+7)
3.31% more ownership
Funds ownership: 58.26% → 61.57% (+3.3%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 37
81% less call options, than puts
Call options by funds: $1.77M | Put options by funds: $9.58M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$160M |
| 2 |
JP Morgan Chase
New York
|
+$55.3M |
| 3 |
HI
Horizon Investments
Charlotte,
North Carolina
|
+$30.4M |
| 4 |
Barclays
London,
United Kingdom
|
+$10.8M |
| 5 |
FIG
Fortress Investment Group
New York
|
+$9.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$37.4M |
| 2 |
Citigroup
New York
|
-$16.6M |
| 3 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
-$14.7M |
| 4 |
WI
Wafra Inc
New York
|
-$8.66M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$7.62M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Two Sigma Investments
New York
| – | -$309K | -9,259 | Closed |
|
127
Millennium Management
New York
| – | -$213K | -6,374 | Closed |
|
|
BRWA
128
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$110K | -3,280 | Closed |
|
|
WAM
129
Wolverine Asset Management
Chicago,
Illinois
| – | -$26K | -800 | Closed |
|
130
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$10K | -300 | Closed |
|
|
CFS
131
Community Financial System
Dewitt,
New York
| – | -$3K | -90 | Closed |
|
132
Parallax Volatility Advisers
San Francisco,
California
| – | -$1.59K | -49 | Closed |
|
KBE Hedge Fund Activity: Q3 2014 in Review
115 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q3 2014, worth a combined $1.59B — up 9% from $1.46B a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new KBE positions and 17 closed out — a net gain of 7 holders — while 34 added to existing stakes and 37 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $160M. The largest seller was Highfields Capital Management, exiting entirely with an estimated $37.4M sold.
- 115 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q3 2014, up from 108 in Q2 2014.
- Funds reported $1.59B of State Street SPDR S&P Bank ETF stock for Q3 2014, up 9% quarter-over-quarter.
- 24 funds opened new State Street SPDR S&P Bank ETF positions in Q3 2014 and 17 closed out, a net change of +7 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q3 2014 was Goldman Sachs, an estimated $160M added.
- The largest State Street SPDR S&P Bank ETF seller in Q3 2014 was Highfields Capital Management, an estimated $37.4M sold.
Based on aggregated 13F filings for Q3 2014.