State Street SPDR S&P Regional Banking ETF
208 hedge funds and large institutions have $2.51B invested in State Street SPDR S&P Regional Banking ETF in 2014 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 63 increasing their positions, 67 reducing their positions, and 27 closing their positions.
52% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 27
7% more funds holding
Funds holding: 194 → 208 (+14)
0.69% less ownership
Funds ownership: 92.62% → 91.93% (-0.69%)
6% less repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 67
7% less capital invested
Capital invested by funds: $2.7B → $2.51B (-$195M)
25% less funds holding in top 10
Funds holding in top 10: 12 → 9 (-3)
58% less call options, than puts
Call options by funds: $65.2M | Put options by funds: $154M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$72.1M |
| 2 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$46.7M |
| 3 |
Citigroup
New York
|
+$44.8M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$43.2M |
| 5 |
RCYC
Richard C. Young & Co
Newport,
Rhode Island
|
+$25.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Marketfield Asset Management
New York
|
-$323M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$176M |
| 3 |
SCM
Sandler Capital Management
New York
|
-$48M |
| 4 |
SG Americas Securities
New York
|
-$14.8M |
| 5 |
Barclays
London,
United Kingdom
|
-$10.3M |
KRE Hedge Fund Activity: Q1 2014 in Review
208 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Regional Banking ETF (KRE) for Q1 2014, worth a combined $2.51B — down 7.2% from $2.7B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new KRE positions and 27 closed out — a net gain of 14 holders — while 63 added to existing stakes and 67 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $72.1M. The largest seller was Marketfield Asset Management, exiting entirely with an estimated $323M sold.
- 208 institutional investors held State Street SPDR S&P Regional Banking ETF (KRE) as of Q1 2014, up from 194 in Q4 2013.
- Funds reported $2.51B of State Street SPDR S&P Regional Banking ETF stock for Q1 2014, down 7.2% quarter-over-quarter.
- 41 funds opened new State Street SPDR S&P Regional Banking ETF positions in Q1 2014 and 27 closed out, a net change of +14 holders.
- The largest State Street SPDR S&P Regional Banking ETF buyer in Q1 2014 was Goldman Sachs, an estimated $72.1M added.
- The largest State Street SPDR S&P Regional Banking ETF seller in Q1 2014 was Marketfield Asset Management, an estimated $323M sold.
Based on aggregated 13F filings for Q1 2014.