Invesco Food & Beverage ETF
PBJ
33 hedge funds and large institutions have $292M invested in Invesco Food & Beverage ETF in 2014 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 3 closing their positions.
690% more capital invested
Capital invested by funds: $36.9M → $292M (+$255M)
233% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 3
39.13% more ownership
Funds ownership: 16.03% → 55.16% (+39%)
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
27% more funds holding
Funds holding: 26 → 33 (+7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
+$172M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$8.75M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$5.53M |
| 4 |
SMM
Stadion Money Management
Watkinsville,
Georgia
|
+$3.62M |
| 5 |
PI
Placemark Investments
Chicago,
Illinois
|
+$2.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.5M |
| 2 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$2.85M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.27M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$435K |
| 5 |
LPL Financial
San Diego,
California
|
-$177K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $53K | – | – | – |
|
27
ClearBridge Investments
New York
| $28K | – | – | – |
|
|
WA
28
WFG Advisors
Dallas,
Texas
| $28K | – | – | – |
|
|
FNBT
29
FineMark National Bank & Trust
Fort Myers,
Florida
| $26K | – | – | – |
|
|
PSUF
30
People's United Financial
Bridgeport,
Connecticut
| $26K | – | – | – |
|
|
MFS
31
MSI Financial Services
Springfield,
Massachusetts
| $22K | +$1.21K | +46 | +6% |
|
|
BRWM
32
B. Riley Wealth Management
Memphis,
Tennessee
| $17K | +$16K | +610 | New |
|
33
Fifth Third Bancorp
Cincinnati,
Ohio
| $10K | – | – | – |
|
|
BCI
34
Brinker Capital Investments
Berwyn,
Pennsylvania
| – | -$2.85M | -108,000 | Closed |
|
|
35
Mirae Asset Global Investments
Seoul,
South Korea
| – | -$435K | -16,500 | Closed |
|
|
AAC
36
Asset Advisors Corp
Augusta,
Georgia
| – | -$34K | -1,290 | Closed |
|
PBJ Hedge Fund Activity: Q1 2014 in Review
33 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Invesco Food & Beverage ETF (PBJ) for Q1 2014, worth a combined $292M — up 690% from $36.9M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PBJ positions and 3 closed out — a net gain of 7 holders — while 8 added to existing stakes and 6 trimmed.
The largest buyer was RiverFront Investment Group, opening a new position worth an estimated $172M. The largest seller was Royal Bank of Canada, cutting an estimated $3.5M.
- 33 institutional investors held Invesco Food & Beverage ETF (PBJ) as of Q1 2014, up from 26 in Q4 2013.
- Funds reported $292M of Invesco Food & Beverage ETF stock for Q1 2014, up 690% quarter-over-quarter.
- 10 funds opened new Invesco Food & Beverage ETF positions in Q1 2014 and 3 closed out, a net change of +7 holders.
- The largest Invesco Food & Beverage ETF buyer in Q1 2014 was RiverFront Investment Group, an estimated $172M added.
- The largest Invesco Food & Beverage ETF seller in Q1 2014 was Royal Bank of Canada, an estimated $3.5M sold.
Based on aggregated 13F filings for Q1 2014.