State Street SPDR S&P Bank ETF
232 hedge funds and large institutions have $1,000M invested in State Street SPDR S&P Bank ETF in 2023 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 59 increasing their positions, 64 reducing their positions, and 26 closing their positions.
400% more funds holding in top 10
Funds holding in top 10: 1 → 5 (+4)
135% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 26
81% more capital invested
Capital invested by funds: $552M → $1,000M (+$448M)
15% more funds holding
Funds holding: 201 → 232 (+31)
0.33% more ownership
Funds ownership: 49.04% → 49.36% (+0.33%)
8% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 64
42% less call options, than puts
Call options by funds: $76.2M | Put options by funds: $131M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$131M |
| 2 |
JP Morgan Chase
New York
|
+$84.2M |
| 3 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
+$30.9M |
| 4 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
+$11.9M |
| 5 |
Millennium Management
New York
|
+$10.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$17.1M |
| 2 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
-$15.8M |
| 3 |
Two Sigma Investments
New York
|
-$11.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$8.33M |
| 5 |
CF
Clarity Financial
Houston,
Texas
|
-$5.35M |
KBE Hedge Fund Activity: Q4 2023 in Review
232 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q4 2023, worth a combined $1,000M — up 81% from $552M a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new KBE positions and 26 closed out — a net gain of 35 holders — while 59 added to existing stakes and 64 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $131M. The largest seller was Citigroup, cutting an estimated $17.1M.
- 232 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q4 2023, up from 201 in Q3 2023.
- Funds reported $1,000M of State Street SPDR S&P Bank ETF stock for Q4 2023, up 81% quarter-over-quarter.
- 61 funds opened new State Street SPDR S&P Bank ETF positions in Q4 2023 and 26 closed out, a net change of +35 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q4 2023 was Morgan Stanley, an estimated $131M added.
- The largest State Street SPDR S&P Bank ETF seller in Q4 2023 was Citigroup, an estimated $17.1M sold.
Based on aggregated 13F filings for Q4 2023.