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State Street SPDR S&P Bank ETF

218 hedge funds and large institutions have $642M invested in State Street SPDR S&P Bank ETF in 2024 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 38 increasing their positions, 87 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more call options, than puts

Call options by funds: $61.1M | Put options by funds: $46.7M

6% less funds holding

Funds holding: 232218 (-14)

9.03% less ownership

Funds ownership: 49.36%40.33% (-9%)

22% less first-time investments, than exits

New positions opened: 36 | Existing positions closed: 46

36% less capital invested

Capital invested by funds: $1,000M → $642M (-$357M)

56% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 87

80% less funds holding in top 10

Funds holding in top 10: 51 (-4)

Holders
218
Holders Change
-14
Holders Change %
-6.03%
% of All Funds
3.14%
Holding in Top 10
1
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-80%
% of All Funds
0.01%
New
36
Increased
38
Reduced
87
Closed
46
Calls
$61.1M
Puts
$46.7M
Net Calls
+$14.5M
Net Calls Change
+$69.7M
Name Holding Trade Value Shares
Change
Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$176M -$58.4M -1,302,214 -26%
Morgan Stanley
2
Morgan Stanley
New York
$74.8M -$130M -2,898,029 -65%
Bank of America
3
Bank of America
North Carolina
$39M -$1.6M -35,614 -4%
WBG
4
Wharton Business Group
Pennsylvania
$20.3M +$9.87K +220 +0.1%
FHA
5
Flagship Harbor Advisors
Massachusetts
$18.1M +$17.3M +384,786 New
PNC Financial Services Group
6
PNC Financial Services Group
Pennsylvania
$17.6M -$100K -2,236 -0.6%
UBS Group
7
UBS Group
Switzerland
$15.6M -$1.06M -23,595 -7%
HIIFS
8
Harel Insurance Investments & Financial Services
Israel
$14.1M
Squarepoint
9
Squarepoint
New York
$13.9M +$13.2M +295,124 New
Wells Fargo
10
Wells Fargo
California
$13.8M -$7.31M -162,920 -36%
D.E. Shaw & Co
11
D.E. Shaw & Co
New York
$13M +$6.97M +155,412 +128%
CAPTRUST Financial Advisors
12
CAPTRUST Financial Advisors
North Carolina
$12.3M -$704K -15,684 -6%
JP Morgan Chase
13
JP Morgan Chase
New York
$12M -$113M -2,523,950 -91%
Millennium Management
14
Millennium Management
New York
$10.9M -$2.35M -52,482 -19%
LPL Financial
15
LPL Financial
California
$9.82M -$636K -14,172 -6%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$9.69M +$1.61M +35,915 +21%
LJAC
17
L.J. Altfest & Co
New York
$9.34M -$131K -2,917 -1%
PMG
18
ProVise Management Group
Florida
$8.71M +$698K +15,555 +9%
APF
19
Alaska Permanent Fund
Alaska
$8.48M
SG Americas Securities
20
SG Americas Securities
New York
$8.24M -$1.27M -28,271 -14%
Citadel Advisors
21
Citadel Advisors
Florida
$8.01M +$6.55M +145,932 +602%
BNP Paribas Financial Markets
22
BNP Paribas Financial Markets
France
$7.84M +$6.31M +140,601 +546%
MFS
23
Mirabella Financial Services
United Kingdom
$6.78M +$6.46M +143,980 New
Citigroup
24
Citigroup
New York
$6.03M -$698K -15,548 -11%
CastleKeep Investment Advisors
25
CastleKeep Investment Advisors
Connecticut
$5.2M -$138K -3,075 -3%

KBE Hedge Fund Activity: Q1 2024 in Review

218 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q1 2024, worth a combined $642M — down 36% from $1,000M a quarter earlier.

Sellers outnumbered buyers: 46 funds closed out of KBE and 36 opened new positions — a net loss of 10 holders — while 87 trimmed existing stakes and 38 added.

The largest buyer was Flagship Harbor Advisors, opening a new position worth an estimated $17.3M. The largest seller was Morgan Stanley, cutting an estimated $130M.

  • 218 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q1 2024, down from 232 in Q4 2023.
  • Funds reported $642M of State Street SPDR S&P Bank ETF stock for Q1 2024, down 36% quarter-over-quarter.
  • 36 funds opened new State Street SPDR S&P Bank ETF positions in Q1 2024 and 46 closed out, a net change of -10 holders.
  • The largest State Street SPDR S&P Bank ETF buyer in Q1 2024 was Flagship Harbor Advisors, an estimated $17.3M added.
  • The largest State Street SPDR S&P Bank ETF seller in Q1 2024 was Morgan Stanley, an estimated $130M sold.

Based on aggregated 13F filings for Q1 2024.