State Street SPDR S&P Bank ETF

KBE

Market cap $1.63B

KBE Hedge Fund Activity: Q1 2020 in Review

170 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q1 2020, worth a combined $535M — down 48% from $1.02B a quarter earlier.

Sellers outnumbered buyers: 77 funds closed out of KBE and 31 opened new positions — a net loss of 46 holders — while 64 trimmed existing stakes and 42 added.

The largest buyer was Mivtachim The Workers Social Insurance Fund, opening a new position worth an estimated $71.2M. The largest seller was Main Management ETF Advisors, exiting entirely with an estimated $53.7M sold.

• 170 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q1 2020, down from 219 in Q4 2019.
• Funds reported $535M of State Street SPDR S&P Bank ETF stock for Q1 2020, down 48% quarter-over-quarter.
• 31 funds opened new State Street SPDR S&P Bank ETF positions in Q1 2020 and 77 closed out, a net change of -46 holders.
• The largest State Street SPDR S&P Bank ETF buyer in Q1 2020 was Mivtachim The Workers Social Insurance Fund, an estimated $71.2M added.
• The largest State Street SPDR S&P Bank ETF seller in Q1 2020 was Main Management ETF Advisors, an estimated $53.7M sold.

Based on aggregated 13F filings for Q1 2020.