State Street SPDR S&P Bank ETF
127 hedge funds and large institutions have $1.23B invested in State Street SPDR S&P Bank ETF in 2016 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 59 reducing their positions, and 27 closing their positions.
0.57% less ownership
Funds ownership: 61.94% → 61.36% (-0.57%)
9% less funds holding
Funds holding: 140 → 127 (-13)
13% less capital invested
Capital invested by funds: $1.41B → $1.23B (-$182M)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
48% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 27
51% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 59
77% less call options, than puts
Call options by funds: $17.6M | Put options by funds: $77.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$29.9M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$6.63M |
| 3 |
QIM
Quantitative Investment Management
Charlottesville,
Virginia
|
+$2.87M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$2.38M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$96.9M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$37M |
| 3 |
JP Morgan Chase
New York
|
-$20.4M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$19.2M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$9.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EWM
151
Evercore Wealth Management
New York
| – | -$15K | -500 | Closed |
|
|
WIC
152
Woodmont Investment Counsel
Nashville,
Tennessee
| – | -$14K | -450 | Closed |
|
153
First Manhattan
New York
| – | -$9K | -300 | Closed |
|
|
TFA
154
Transamerica Financial Advisors
St. Petersburg,
Florida
| – | -$10K | -300 | Closed |
|
KBE Hedge Fund Activity: Q2 2016 in Review
127 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q2 2016, worth a combined $1.23B — down 13% from $1.41B a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of KBE and 14 opened new positions — a net loss of 13 holders — while 59 trimmed existing stakes and 29 added.
The largest buyer was Morgan Stanley, adding an estimated $29.9M. The largest seller was Goldman Sachs, cutting an estimated $96.9M.
- 127 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q2 2016, down from 140 in Q1 2016.
- Funds reported $1.23B of State Street SPDR S&P Bank ETF stock for Q2 2016, down 13% quarter-over-quarter.
- 14 funds opened new State Street SPDR S&P Bank ETF positions in Q2 2016 and 27 closed out, a net change of -13 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q2 2016 was Morgan Stanley, an estimated $29.9M added.
- The largest State Street SPDR S&P Bank ETF seller in Q2 2016 was Goldman Sachs, an estimated $96.9M sold.
Based on aggregated 13F filings for Q2 2016.