State Street SPDR S&P Bank ETF

KBE

Market cap $1.64B

KBE Hedge Fund Activity: Q3 2016 in Review

150 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q3 2016, worth a combined $1.47B — up 20% from $1.23B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new KBE positions and 16 closed out — a net gain of 25 holders — while 41 added to existing stakes and 38 trimmed.

The largest buyer was Horizon Investments, opening a new position worth an estimated $53.6M. The largest seller was Goldman Sachs, cutting an estimated $37.2M.

• 150 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q3 2016, up from 127 in Q2 2016.
• Funds reported $1.47B of State Street SPDR S&P Bank ETF stock for Q3 2016, up 20% quarter-over-quarter.
• 41 funds opened new State Street SPDR S&P Bank ETF positions in Q3 2016 and 16 closed out, a net change of +25 holders.
• The largest State Street SPDR S&P Bank ETF buyer in Q3 2016 was Horizon Investments, an estimated $53.6M added.
• The largest State Street SPDR S&P Bank ETF seller in Q3 2016 was Goldman Sachs, an estimated $37.2M sold.

Based on aggregated 13F filings for Q3 2016.