State Street SPDR S&P Insurance ETF
KIE
60 hedge funds and large institutions have $554M invested in State Street SPDR S&P Insurance ETF in 2016 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 19 reducing their positions, and 16 closing their positions.
35% more capital invested
Capital invested by funds: $410M → $554M (+$144M)
25.25% more ownership
Funds ownership: 263.09% → 288.33% (+25%)
5% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 19
12% less funds holding
Funds holding: 68 → 60 (-8)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
50% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 16
89% less call options, than puts
Call options by funds: $284K | Put options by funds: $2.61M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$226M |
| 2 |
Morgan Stanley
New York
|
+$13.1M |
| 3 |
Goldman Sachs
New York
|
+$3.99M |
| 4 |
VF
Virtu Financial
New York
|
+$2.84M |
| 5 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$1.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
-$77.7M |
| 2 |
MIM
Miller Investment Management
West Conshohocken,
Pennsylvania
|
-$17.7M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$5.67M |
| 4 |
Citigroup
New York
|
-$3.63M |
| 5 |
FMI
Factory Mutual Insurance
Waltham,
Massachusetts
|
-$2.82M |
KIE Hedge Fund Activity: Q2 2016 in Review
60 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Insurance ETF (KIE) for Q2 2016, worth a combined $554M — up 35% from $410M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of KIE and 8 opened new positions — a net loss of 8 holders — while 19 trimmed existing stakes and 20 added.
The largest buyer was Bank of America, adding an estimated $226M. The largest seller was Migdal Insurance & Financial Holdings, exiting entirely with an estimated $77.7M sold.
- 60 institutional investors held State Street SPDR S&P Insurance ETF (KIE) as of Q2 2016, down from 68 in Q1 2016.
- Funds reported $554M of State Street SPDR S&P Insurance ETF stock for Q2 2016, up 35% quarter-over-quarter.
- 8 funds opened new State Street SPDR S&P Insurance ETF positions in Q2 2016 and 16 closed out, a net change of -8 holders.
- The largest State Street SPDR S&P Insurance ETF buyer in Q2 2016 was Bank of America, an estimated $226M added.
- The largest State Street SPDR S&P Insurance ETF seller in Q2 2016 was Migdal Insurance & Financial Holdings, an estimated $77.7M sold.
Based on aggregated 13F filings for Q2 2016.