State Street SPDR S&P Bank ETF
140 hedge funds and large institutions have $1.41B invested in State Street SPDR S&P Bank ETF in 2016 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 36 increasing their positions, 56 reducing their positions, and 34 closing their positions.
5.3% more ownership
Funds ownership: 56.64% → 61.94% (+5.3%)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
7% less funds holding
Funds holding: 151 → 140 (-11)
11% less capital invested
Capital invested by funds: $1.59B → $1.41B (-$182M)
25% less call options, than puts
Call options by funds: $42.7M | Put options by funds: $56.7M
26% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 34
36% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 56
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$118M |
| 2 |
JP Morgan Chase
New York
|
+$29.4M |
| 3 |
Citigroup
New York
|
+$21.4M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$15M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$14.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
-$111M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$32.9M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$23.2M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$22.9M |
| 5 |
Morgan Stanley
New York
|
-$20M |
KBE Hedge Fund Activity: Q1 2016 in Review
140 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q1 2016, worth a combined $1.41B — down 11% from $1.59B a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of KBE and 25 opened new positions — a net loss of 9 holders — while 56 trimmed existing stakes and 36 added.
The largest buyer was Goldman Sachs, adding an estimated $118M. The largest seller was Migdal Insurance & Financial Holdings, exiting entirely with an estimated $111M sold.
- 140 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q1 2016, down from 151 in Q4 2015.
- Funds reported $1.41B of State Street SPDR S&P Bank ETF stock for Q1 2016, down 11% quarter-over-quarter.
- 25 funds opened new State Street SPDR S&P Bank ETF positions in Q1 2016 and 34 closed out, a net change of -9 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q1 2016 was Goldman Sachs, an estimated $118M added.
- The largest State Street SPDR S&P Bank ETF seller in Q1 2016 was Migdal Insurance & Financial Holdings, an estimated $111M sold.
Based on aggregated 13F filings for Q1 2016.