State Street SPDR S&P Insurance ETF
KIE
56 hedge funds and large institutions have $353M invested in State Street SPDR S&P Insurance ETF in 2013 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 21 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
8% more funds holding
Funds holding: 52 → 56 (+4)
6% less capital invested
Capital invested by funds: $376M → $353M (-$22.9M)
19% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 21
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
38.65% less ownership
Funds ownership: 339.46% → 300.81% (-39%)
79% less call options, than puts
Call options by funds: $346K | Put options by funds: $1.64M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$14.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$5.48M |
| 3 |
SG Americas Securities
New York
|
+$3.74M |
| 4 |
MIM
Miller Investment Management
West Conshohocken,
Pennsylvania
|
+$1.48M |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$1.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$16.8M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$16.7M |
| 3 |
CA
Cumberland Advisors
Sarasota,
Florida
|
-$12.1M |
| 4 |
JP Morgan Chase
New York
|
-$8.42M |
| 5 |
PAG
Pinnacle Advisory Group
Columbia,
Maryland
|
-$7.74M |
KIE Hedge Fund Activity: Q3 2013 in Review
56 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Insurance ETF (KIE) for Q3 2013, worth a combined $353M — down 6.1% from $376M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new KIE positions and 6 closed out — a net gain of 4 holders — while 17 added to existing stakes and 21 trimmed.
The largest buyer was Goldman Sachs, opening a new position worth an estimated $14.6M. The largest seller was Citigroup, cutting an estimated $16.8M.
- 56 institutional investors held State Street SPDR S&P Insurance ETF (KIE) as of Q3 2013, up from 52 in Q2 2013.
- Funds reported $353M of State Street SPDR S&P Insurance ETF stock for Q3 2013, down 6.1% quarter-over-quarter.
- 10 funds opened new State Street SPDR S&P Insurance ETF positions in Q3 2013 and 6 closed out, a net change of +4 holders.
- The largest State Street SPDR S&P Insurance ETF buyer in Q3 2013 was Goldman Sachs, an estimated $14.6M added.
- The largest State Street SPDR S&P Insurance ETF seller in Q3 2013 was Citigroup, an estimated $16.8M sold.
Based on aggregated 13F filings for Q3 2013.