State Street SPDR S&P Insurance ETF
KIE
96 hedge funds and large institutions have $390M invested in State Street SPDR S&P Insurance ETF in 2020 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 23 increasing their positions, 34 reducing their positions, and 32 closing their positions.
18,600% more call options, than puts
Call options by funds: $374K | Put options by funds: $2K
1.23% more ownership
Funds ownership: 62.38% → 63.61% (+1.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
17% less funds holding
Funds holding: 115 → 96 (-19)
31% less capital invested
Capital invested by funds: $566M → $390M (-$176M)
32% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 34
44% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$20.2M |
| 2 |
Morgan Stanley
New York
|
+$10.9M |
| 3 |
Mercer Global Advisors
Denver,
Colorado
|
+$3.97M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.87M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cumberland Advisors
Sarasota,
Florida
|
-$6.15M |
| 2 |
TFA
Toth Financial Advisory
Leesburg,
Virginia
|
-$4.6M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$4.42M |
| 4 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$3.34M |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$3.2M |
KIE Hedge Fund Activity: Q1 2020 in Review
96 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Insurance ETF (KIE) for Q1 2020, worth a combined $390M — down 31% from $566M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of KIE and 18 opened new positions — a net loss of 14 holders — while 34 trimmed existing stakes and 23 added.
The largest buyer was Bank of America, adding an estimated $20.2M. The largest seller was Cumberland Advisors, exiting entirely with an estimated $6.15M sold.
- 96 institutional investors held State Street SPDR S&P Insurance ETF (KIE) as of Q1 2020, down from 115 in Q4 2019.
- Funds reported $390M of State Street SPDR S&P Insurance ETF stock for Q1 2020, down 31% quarter-over-quarter.
- 18 funds opened new State Street SPDR S&P Insurance ETF positions in Q1 2020 and 32 closed out, a net change of -14 holders.
- The largest State Street SPDR S&P Insurance ETF buyer in Q1 2020 was Bank of America, an estimated $20.2M added.
- The largest State Street SPDR S&P Insurance ETF seller in Q1 2020 was Cumberland Advisors, an estimated $6.15M sold.
Based on aggregated 13F filings for Q1 2020.