State Street SPDR S&P Insurance ETF
KIE
106 hedge funds and large institutions have $558M invested in State Street SPDR S&P Insurance ETF in 2019 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 23 increasing their positions, 38 reducing their positions, and 24 closing their positions.
348% more call options, than puts
Call options by funds: $913K | Put options by funds: $204K
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less funds holding
Funds holding: 111 → 106 (-5)
18.89% less ownership
Funds ownership: 80.76% → 61.87% (-19%)
21% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 24
35% less capital invested
Capital invested by funds: $862M → $558M (-$304M)
39% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Bruderman Asset Management
Locust Valley,
New York
|
+$3.42M |
| 2 |
LPL Financial
San Diego,
California
|
+$3.09M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.2M |
| 4 |
TEE
Tibra Equities Europe
London,
United Kingdom
|
+$1.9M |
| 5 |
JG
Jefferies Group
New York
|
+$1.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMI
Factory Mutual Insurance
Waltham,
Massachusetts
|
-$177M |
| 2 |
AssetMark Inc
Concord,
California
|
-$75.3M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$55M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$13.2M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$5.24M |
KIE Hedge Fund Activity: Q3 2019 in Review
106 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Insurance ETF (KIE) for Q3 2019, worth a combined $558M — down 35% from $862M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of KIE and 19 opened new positions — a net loss of 5 holders — while 38 trimmed existing stakes and 23 added.
The largest buyer was Bruderman Asset Management, opening a new position worth an estimated $3.42M. The largest seller was Factory Mutual Insurance, exiting entirely with an estimated $177M sold.
- 106 institutional investors held State Street SPDR S&P Insurance ETF (KIE) as of Q3 2019, down from 111 in Q2 2019.
- Funds reported $558M of State Street SPDR S&P Insurance ETF stock for Q3 2019, down 35% quarter-over-quarter.
- 19 funds opened new State Street SPDR S&P Insurance ETF positions in Q3 2019 and 24 closed out, a net change of -5 holders.
- The largest State Street SPDR S&P Insurance ETF buyer in Q3 2019 was Bruderman Asset Management, an estimated $3.42M added.
- The largest State Street SPDR S&P Insurance ETF seller in Q3 2019 was Factory Mutual Insurance, an estimated $177M sold.
Based on aggregated 13F filings for Q3 2019.