State Street SPDR S&P Bank ETF
210 hedge funds and large institutions have $786M invested in State Street SPDR S&P Bank ETF in 2023 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 48 increasing their positions, 74 reducing their positions, and 39 closing their positions.
13% more capital invested
Capital invested by funds: $698M → $786M (+$88.2M)
8.28% more ownership
Funds ownership: 49.82% → 58.09% (+8.3%)
0% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 39
1% less funds holding
Funds holding: 213 → 210 (-3)
35% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 74
39% less call options, than puts
Call options by funds: $97.8M | Put options by funds: $159M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
+$86.2M |
| 2 |
Citigroup
New York
|
+$65.9M |
| 3 |
Goldman Sachs
New York
|
+$35.6M |
| 4 |
Barclays
London,
United Kingdom
|
+$11.3M |
| 5 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$8.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$29.3M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$18.3M |
| 3 |
SCM
Segantii Capital Management
Hong Kong
|
-$12.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$12.3M |
| 5 |
JP Morgan Chase
New York
|
-$12.2M |
KBE Hedge Fund Activity: Q2 2023 in Review
210 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q2 2023, worth a combined $786M — up 13% from $698M a quarter earlier.
Fund positioning in KBE was balanced in Q2 2023: 39 funds opened new positions, 39 closed out, 48 added to existing stakes and 74 trimmed.
The largest buyer was Migdal Insurance & Financial Holdings, opening a new position worth an estimated $86.2M. The largest seller was CIBC Asset Management, exiting entirely with an estimated $29.3M sold.
- 210 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q2 2023, down from 213 in Q1 2023.
- Funds reported $786M of State Street SPDR S&P Bank ETF stock for Q2 2023, up 13% quarter-over-quarter.
- 39 funds opened new State Street SPDR S&P Bank ETF positions in Q2 2023 and 39 closed out, a net change of 0 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q2 2023 was Migdal Insurance & Financial Holdings, an estimated $86.2M added.
- The largest State Street SPDR S&P Bank ETF seller in Q2 2023 was CIBC Asset Management, an estimated $29.3M sold.
Based on aggregated 13F filings for Q2 2023.