State Street SPDR S&P Bank ETF
193 hedge funds and large institutions have $926M invested in State Street SPDR S&P Bank ETF in 2019 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 42 increasing their positions, 75 reducing their positions, and 38 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
3.86% more ownership
Funds ownership: 54.11% → 57.96% (+3.9%)
3% less funds holding
Funds holding: 199 → 193 (-6)
6% less capital invested
Capital invested by funds: $981M → $926M (-$55M)
16% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 38
44% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 75
86% less call options, than puts
Call options by funds: $37.9M | Put options by funds: $274M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$26M |
| 2 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
+$19.2M |
| 3 |
ACI
AMP Capital Investors
Sydney,
Australia
|
+$12.9M |
| 4 |
JG
Jefferies Group
New York
|
+$4.79M |
| 5 |
Morgan Stanley
New York
|
+$3.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$44.2M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$27.2M |
| 3 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
-$24.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$11.4M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$9.98M |
KBE Hedge Fund Activity: Q3 2019 in Review
193 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q3 2019, worth a combined $926M — down 5.6% from $981M a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of KBE and 32 opened new positions — a net loss of 6 holders — while 75 trimmed existing stakes and 42 added.
The largest buyer was UBS Group, adding an estimated $26M. The largest seller was Goldman Sachs, cutting an estimated $44.2M.
- 193 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q3 2019, down from 199 in Q2 2019.
- Funds reported $926M of State Street SPDR S&P Bank ETF stock for Q3 2019, down 5.6% quarter-over-quarter.
- 32 funds opened new State Street SPDR S&P Bank ETF positions in Q3 2019 and 38 closed out, a net change of -6 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q3 2019 was UBS Group, an estimated $26M added.
- The largest State Street SPDR S&P Bank ETF seller in Q3 2019 was Goldman Sachs, an estimated $44.2M sold.
Based on aggregated 13F filings for Q3 2019.