State Street SPDR S&P Bank ETF
163 hedge funds and large institutions have $709M invested in State Street SPDR S&P Bank ETF in 2020 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 47 increasing their positions, 54 reducing their positions, and 51 closing their positions.
1.68% more ownership
Funds ownership: 58.64% → 60.32% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
8% less capital invested
Capital invested by funds: $775M → $709M (-$65.1M)
12% less funds holding
Funds holding: 186 → 163 (-23)
13% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 54
43% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 51
56% less call options, than puts
Call options by funds: $121M | Put options by funds: $274M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
+$46.7M |
| 2 |
Morgan Stanley
New York
|
+$33.2M |
| 3 |
PCIG
Partners Capital Investment Group
Boston,
Massachusetts
|
+$32.1M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$12.5M |
| 5 |
CC
Centiva Capital
New York
|
+$9.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
-$58M |
| 2 |
Citigroup
New York
|
-$38.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$37.4M |
| 4 |
Goldman Sachs
New York
|
-$9.57M |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$8.85M |
KBE Hedge Fund Activity: Q3 2020 in Review
163 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q3 2020, worth a combined $709M — down 8.4% from $775M a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of KBE and 29 opened new positions — a net loss of 22 holders — while 54 trimmed existing stakes and 47 added.
The largest buyer was EJF Capital, opening a new position worth an estimated $46.7M. The largest seller was Migdal Insurance & Financial Holdings, exiting entirely with an estimated $58M sold.
- 163 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q3 2020, down from 186 in Q2 2020.
- Funds reported $709M of State Street SPDR S&P Bank ETF stock for Q3 2020, down 8.4% quarter-over-quarter.
- 29 funds opened new State Street SPDR S&P Bank ETF positions in Q3 2020 and 51 closed out, a net change of -22 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q3 2020 was EJF Capital, an estimated $46.7M added.
- The largest State Street SPDR S&P Bank ETF seller in Q3 2020 was Migdal Insurance & Financial Holdings, an estimated $58M sold.
Based on aggregated 13F filings for Q3 2020.