State Street SPDR S&P Insurance ETF
KIE
118 hedge funds and large institutions have $477M invested in State Street SPDR S&P Insurance ETF in 2023 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 28 increasing their positions, 42 reducing their positions, and 34 closing their positions.
48% more capital invested
Capital invested by funds: $323M → $477M (+$155M)
41% more call options, than puts
Call options by funds: $5.07M | Put options by funds: $3.6M
31.93% more ownership
Funds ownership: 71.37% → 103.3% (+32%)
8% less funds holding
Funds holding: 128 → 118 (-10)
29% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 34
33% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 42
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$91.8M |
| 2 |
Morgan Stanley
New York
|
+$45.4M |
| 3 |
Goldman Sachs
New York
|
+$25.3M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$10.2M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$5.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$13.2M |
| 2 |
MFS
Mirabella Financial Services
London,
United Kingdom
|
-$6.62M |
| 3 |
Citigroup
New York
|
-$4.93M |
| 4 |
HI
HBK Investments
Dallas,
Texas
|
-$4.93M |
| 5 |
FMI
Factory Mutual Insurance
Waltham,
Massachusetts
|
-$4.52M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
AssetMark Inc
Concord,
California
| – | -$472 | -12 | Closed |
|
KIE Hedge Fund Activity: Q2 2023 in Review
118 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Insurance ETF (KIE) for Q2 2023, worth a combined $477M — up 48% from $323M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of KIE and 24 opened new positions — a net loss of 10 holders — while 42 trimmed existing stakes and 28 added.
The largest buyer was JP Morgan Chase, adding an estimated $91.8M. The largest seller was LPL Financial, cutting an estimated $13.2M.
- 118 institutional investors held State Street SPDR S&P Insurance ETF (KIE) as of Q2 2023, down from 128 in Q1 2023.
- Funds reported $477M of State Street SPDR S&P Insurance ETF stock for Q2 2023, up 48% quarter-over-quarter.
- 24 funds opened new State Street SPDR S&P Insurance ETF positions in Q2 2023 and 34 closed out, a net change of -10 holders.
- The largest State Street SPDR S&P Insurance ETF buyer in Q2 2023 was JP Morgan Chase, an estimated $91.8M added.
- The largest State Street SPDR S&P Insurance ETF seller in Q2 2023 was LPL Financial, an estimated $13.2M sold.
Based on aggregated 13F filings for Q2 2023.