State Street SPDR S&P Bank ETF

KBE

Market cap $1.56B

KBE Hedge Fund Activity: Q2 2014 in Review

108 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q2 2014, worth a combined $1.46B — down 7.6% from $1.58B a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of KBE and 19 opened new positions — a net loss of 9 holders — while 36 trimmed existing stakes and 26 added.

The largest buyer was Goldman Sachs, adding an estimated $20.4M. The largest seller was Horizon Investments, exiting entirely with an estimated $35.6M sold.

• 108 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q2 2014, down from 118 in Q1 2014.
• Funds reported $1.46B of State Street SPDR S&P Bank ETF stock for Q2 2014, down 7.6% quarter-over-quarter.
• 19 funds opened new State Street SPDR S&P Bank ETF positions in Q2 2014 and 28 closed out, a net change of -9 holders.
• The largest State Street SPDR S&P Bank ETF buyer in Q2 2014 was Goldman Sachs, an estimated $20.4M added.
• The largest State Street SPDR S&P Bank ETF seller in Q2 2014 was Horizon Investments, an estimated $35.6M sold.

Based on aggregated 13F filings for Q2 2014.