iShares MSCI USA Momentum Factor ETF
MTUM
30 hedge funds and large institutions have $295M invested in iShares MSCI USA Momentum Factor ETF in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 4 reducing their positions, and 4 closing their positions.
250% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 4
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
18% more capital invested
Capital invested by funds: $251M → $295M (+$44.6M)
11% more funds holding
Funds holding: 27 → 30 (+3)
3.14% less ownership
Funds ownership: 83.56% → 80.42% (-3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BDF
Balasa Dinverno & Foltz
|
+$26.4M |
| 2 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
+$23.5M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$4.53M |
| 4 |
LMIM
Lockheed Martin Investment Management
Bethesda,
Maryland
|
+$3.79M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
+$2.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
-$20.7M |
| 2 |
3AM
3D Asset Management
Hartford,
Connecticut
|
-$4.4M |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$1.24M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$1.09M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$863K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PVH
26
Psagot Value Holdings
Tel Aviv,
Israel
| $39K | +$12.9K | +200 | +50% |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $38K | +$15.2K | +237 | +68% |
|
|
MFS
28
MSI Financial Services
Springfield,
Massachusetts
| $17K | – | – | – |
|
|
U
29
UBS
Zurich,
Switzerland
| $15K | +$15.3K | +238 | New |
|
30
Creative Planning
Overland Park,
Kansas
| $7K | +$6.94K | +108 | New |
|
|
31
Stifel Financial
St. Louis,
Missouri
| – | -$20.7M | -326,611 | Closed |
|
|
32
BNP Paribas Financial Markets
Paris,
France
| – | -$1.09M | -17,167 | Closed |
|
|
ACM
33
Avalon Capital Management
Port Of Redwood City,
California
| – | -$620K | -9,797 | Closed |
|
34
Goldman Sachs
New York
| – | -$251K | -3,972 | Closed |
|
MTUM Hedge Fund Activity: Q3 2014 in Review
30 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Momentum Factor ETF (MTUM) for Q3 2014, worth a combined $295M — up 18% from $251M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MTUM positions and 4 closed out — a net gain of 3 holders — while 14 added to existing stakes and 4 trimmed.
The largest buyer was Balasa Dinverno & Foltz, opening a new position worth an estimated $26.4M. The largest seller was Stifel Financial, exiting entirely with an estimated $20.7M sold.
- 30 institutional investors held iShares MSCI USA Momentum Factor ETF (MTUM) as of Q3 2014, up from 27 in Q2 2014.
- Funds reported $295M of iShares MSCI USA Momentum Factor ETF stock for Q3 2014, up 18% quarter-over-quarter.
- 7 funds opened new iShares MSCI USA Momentum Factor ETF positions in Q3 2014 and 4 closed out, a net change of +3 holders.
- The largest iShares MSCI USA Momentum Factor ETF buyer in Q3 2014 was Balasa Dinverno & Foltz, an estimated $26.4M added.
- The largest iShares MSCI USA Momentum Factor ETF seller in Q3 2014 was Stifel Financial, an estimated $20.7M sold.
Based on aggregated 13F filings for Q3 2014.