State Street SPDR S&P Bank ETF
225 hedge funds and large institutions have $1.62B invested in State Street SPDR S&P Bank ETF in 2018 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 36 increasing their positions, 105 reducing their positions, and 70 closing their positions.
3.48% more ownership
Funds ownership: 61.24% → 64.72% (+3.5%)
12% less funds holding
Funds holding: 257 → 225 (-32)
22% less capital invested
Capital invested by funds: $2.08B → $1.62B (-$464M)
41% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 70
60% less funds holding in top 10
Funds holding in top 10: 10 → 4 (-6)
66% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 105
91% less call options, than puts
Call options by funds: $31.3M | Put options by funds: $337M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$190M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$122M |
| 3 |
Barclays
London,
United Kingdom
|
+$31.6M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$29.7M |
| 5 |
MM
Main Management
San Francisco,
California
|
+$23.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$66.3M |
| 2 |
ACI
AMP Capital Investors
Sydney,
Australia
|
-$64.2M |
| 3 |
PVH
Psagot Value Holdings
Tel Aviv,
Israel
|
-$48.5M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$39.5M |
| 5 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
-$35.7M |
KBE Hedge Fund Activity: Q4 2018 in Review
225 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q4 2018, worth a combined $1.62B — down 22% from $2.08B a quarter earlier.
Sellers outnumbered buyers: 70 funds closed out of KBE and 41 opened new positions — a net loss of 29 holders — while 105 trimmed existing stakes and 36 added.
The largest buyer was Citigroup, adding an estimated $190M. The largest seller was Morgan Stanley, cutting an estimated $66.3M.
- 225 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q4 2018, down from 257 in Q3 2018.
- Funds reported $1.62B of State Street SPDR S&P Bank ETF stock for Q4 2018, down 22% quarter-over-quarter.
- 41 funds opened new State Street SPDR S&P Bank ETF positions in Q4 2018 and 70 closed out, a net change of -29 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q4 2018 was Citigroup, an estimated $190M added.
- The largest State Street SPDR S&P Bank ETF seller in Q4 2018 was Morgan Stanley, an estimated $66.3M sold.
Based on aggregated 13F filings for Q4 2018.