State Street SPDR S&P Insurance ETF
KIE
54 hedge funds and large institutions have $290M invested in State Street SPDR S&P Insurance ETF in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 22 closing their positions.
86.8% more ownership
Funds ownership: 235.8% → 322.6% (+87%)
50% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 14
17% less funds holding
Funds holding: 65 → 54 (-11)
24% less capital invested
Capital invested by funds: $382M → $290M (-$91.3M)
50% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 22
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$64M |
| 2 |
JP Morgan Chase
New York
|
+$6.44M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$5.3M |
| 4 |
SMM
Stadion Money Management
Watkinsville,
Georgia
|
+$3.62M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$3.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$39.6M |
| 2 |
PAG
Pinnacle Advisory Group
Columbia,
Maryland
|
-$36.8M |
| 3 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$26.8M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$21.7M |
| 5 |
HCM
Hollencrest Capital Management
Newport Beach,
California
|
-$16.7M |
KIE Hedge Fund Activity: Q1 2014 in Review
54 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Insurance ETF (KIE) for Q1 2014, worth a combined $290M — down 24% from $382M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of KIE and 11 opened new positions — a net loss of 11 holders — while 14 trimmed existing stakes and 21 added.
The largest buyer was Citigroup, adding an estimated $64M. The largest seller was Credit Suisse, cutting an estimated $39.6M.
- 54 institutional investors held State Street SPDR S&P Insurance ETF (KIE) as of Q1 2014, down from 65 in Q4 2013.
- Funds reported $290M of State Street SPDR S&P Insurance ETF stock for Q1 2014, down 24% quarter-over-quarter.
- 11 funds opened new State Street SPDR S&P Insurance ETF positions in Q1 2014 and 22 closed out, a net change of -11 holders.
- The largest State Street SPDR S&P Insurance ETF buyer in Q1 2014 was Citigroup, an estimated $64M added.
- The largest State Street SPDR S&P Insurance ETF seller in Q1 2014 was Credit Suisse, an estimated $39.6M sold.
Based on aggregated 13F filings for Q1 2014.