State Street SPDR S&P Insurance ETF
KIE
93 hedge funds and large institutions have $628M invested in State Street SPDR S&P Insurance ETF in 2018 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 28 increasing their positions, 29 reducing their positions, and 13 closing their positions.
7% more capital invested
Capital invested by funds: $589M → $628M (+$39.1M)
1% more funds holding
Funds holding: 92 → 93 (+1)
8% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 13
3% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 29
2.5% less ownership
Funds ownership: 82.69% → 80.19% (-2.5%)
13% less call options, than puts
Call options by funds: $795K | Put options by funds: $917K
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMI
Factory Mutual Insurance
Waltham,
Massachusetts
|
+$21.4M |
| 2 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
+$8.8M |
| 3 |
VF
Virtu Financial
New York
|
+$1.35M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.05M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$734K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$20.3M |
| 2 |
TEE
Tibra Equities Europe
London,
United Kingdom
|
-$5.79M |
| 3 |
CI
Cavalier Investments
Alpharetta,
Georgia
|
-$3.68M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.23M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.88M |
KIE Hedge Fund Activity: Q3 2018 in Review
93 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Insurance ETF (KIE) for Q3 2018, worth a combined $628M — up 6.6% from $589M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new KIE positions and 13 closed out — a net gain of 1 holder — while 28 added to existing stakes and 29 trimmed.
The largest buyer was Factory Mutual Insurance, adding an estimated $21.4M. The largest seller was Bank of America, cutting an estimated $20.3M.
- 93 institutional investors held State Street SPDR S&P Insurance ETF (KIE) as of Q3 2018, up from 92 in Q2 2018.
- Funds reported $628M of State Street SPDR S&P Insurance ETF stock for Q3 2018, up 6.6% quarter-over-quarter.
- 14 funds opened new State Street SPDR S&P Insurance ETF positions in Q3 2018 and 13 closed out, a net change of +1 holder.
- The largest State Street SPDR S&P Insurance ETF buyer in Q3 2018 was Factory Mutual Insurance, an estimated $21.4M added.
- The largest State Street SPDR S&P Insurance ETF seller in Q3 2018 was Bank of America, an estimated $20.3M sold.
Based on aggregated 13F filings for Q3 2018.