State Street SPDR S&P Bank ETF
171 hedge funds and large institutions have $535M invested in State Street SPDR S&P Bank ETF in 2020 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 42 increasing their positions, 64 reducing their positions, and 77 closing their positions.
0.73% less ownership
Funds ownership: 56.1% → 55.36% (-0.73%)
22% less funds holding
Funds holding: 220 → 171 (-49)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
34% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 64
48% less capital invested
Capital invested by funds: $1.02B → $535M (-$486M)
60% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 77
65% less call options, than puts
Call options by funds: $39.8M | Put options by funds: $113M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MTWSIF
Mivtachim The Workers Social Insurance Fund
Tel Aviv,
Israel
|
+$71.2M |
| 2 |
Barclays
London,
United Kingdom
|
+$28M |
| 3 |
Citigroup
New York
|
+$26.7M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$10.7M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMEA
Main Management ETF Advisors
San Francisco,
California
|
-$53.7M |
| 2 |
Goldman Sachs
New York
|
-$36.8M |
| 3 |
Morgan Stanley
New York
|
-$26.3M |
| 4 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
-$22.1M |
| 5 |
MM
Main Management
San Francisco,
California
|
-$21.6M |
KBE Hedge Fund Activity: Q1 2020 in Review
171 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q1 2020, worth a combined $535M — down 48% from $1.02B a quarter earlier.
Sellers outnumbered buyers: 77 funds closed out of KBE and 31 opened new positions — a net loss of 46 holders — while 64 trimmed existing stakes and 42 added.
The largest buyer was Mivtachim The Workers Social Insurance Fund, opening a new position worth an estimated $71.2M. The largest seller was Main Management ETF Advisors, exiting entirely with an estimated $53.7M sold.
- 171 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q1 2020, down from 220 in Q4 2019.
- Funds reported $535M of State Street SPDR S&P Bank ETF stock for Q1 2020, down 48% quarter-over-quarter.
- 31 funds opened new State Street SPDR S&P Bank ETF positions in Q1 2020 and 77 closed out, a net change of -46 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q1 2020 was Mivtachim The Workers Social Insurance Fund, an estimated $71.2M added.
- The largest State Street SPDR S&P Bank ETF seller in Q1 2020 was Main Management ETF Advisors, an estimated $53.7M sold.
Based on aggregated 13F filings for Q1 2020.