State Street SPDR S&P Regional Banking ETF
212 hedge funds and large institutions have $2.33B invested in State Street SPDR S&P Regional Banking ETF in 2014 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 58 increasing their positions, 80 reducing their positions, and 27 closing their positions.
63% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 27
21.11% more ownership
Funds ownership: 85.23% → 106.34% (+21%)
20% more capital invested
Capital invested by funds: $1.95B → $2.33B (+$386M)
7% more funds holding
Funds holding: 198 → 212 (+14)
18% less funds holding in top 10
Funds holding in top 10: 11 → 9 (-2)
28% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 80
85% less call options, than puts
Call options by funds: $158M | Put options by funds: $1.05B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$98.7M |
| 2 |
Morgan Stanley
New York
|
+$81.2M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$67.9M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
+$44.1M |
| 5 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$36.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$56.9M |
| 2 |
Citigroup
New York
|
-$52.9M |
| 3 |
Goldman Sachs
New York
|
-$45.1M |
| 4 |
QCM
QFR Capital Management
New York
|
-$28.3M |
| 5 |
PVH
Psagot Value Holdings
Tel Aviv,
Israel
|
-$24.7M |
KRE Hedge Fund Activity: Q4 2014 in Review
212 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Regional Banking ETF (KRE) for Q4 2014, worth a combined $2.33B — up 20% from $1.95B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new KRE positions and 27 closed out — a net gain of 17 holders — while 58 added to existing stakes and 80 trimmed.
The largest buyer was Discovery Capital Management, opening a new position worth an estimated $98.7M. The largest seller was Credit Suisse, cutting an estimated $56.9M.
- 212 institutional investors held State Street SPDR S&P Regional Banking ETF (KRE) as of Q4 2014, up from 198 in Q3 2014.
- Funds reported $2.33B of State Street SPDR S&P Regional Banking ETF stock for Q4 2014, up 20% quarter-over-quarter.
- 44 funds opened new State Street SPDR S&P Regional Banking ETF positions in Q4 2014 and 27 closed out, a net change of +17 holders.
- The largest State Street SPDR S&P Regional Banking ETF buyer in Q4 2014 was Discovery Capital Management, an estimated $98.7M added.
- The largest State Street SPDR S&P Regional Banking ETF seller in Q4 2014 was Credit Suisse, an estimated $56.9M sold.
Based on aggregated 13F filings for Q4 2014.