VanEck Preferred Securities ex Financials ETF
PFXF
26 hedge funds and large institutions have $18.6M invested in VanEck Preferred Securities ex Financials ETF in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 10 reducing their positions, and 9 closing their positions.
2% less ownership
Funds ownership: 14.9% → 12.89% (-2%)
16% less funds holding
Funds holding: 31 → 26 (-5)
24% less capital invested
Capital invested by funds: $24.6M → $18.6M (-$5.94M)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1SB
1ST Source Bank
South Bend,
Indiana
|
+$2.87M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$794K |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$587K |
| 4 |
SB
Suntrust Banks
Atlanta,
Georgia
|
+$233K |
| 5 |
Morgan Stanley
New York
|
+$204K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.61M |
| 2 |
BCM
Bluefin Capital Management
New York
|
-$2.5M |
| 3 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$1.22M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.02M |
| 5 |
KFS
KMS Financial Services
Seattle,
Washington
|
-$938K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACM
26
Antonetti Capital Management
Naples,
Florida
| $5K | – | – | – |
|
|
BCM
27
Bluefin Capital Management
New York
| – | -$2.5M | -126,135 | Closed |
|
|
KFS
28
KMS Financial Services
Seattle,
Washington
| – | -$938K | -47,200 | Closed |
|
|
BCI
29
Brinker Capital Investments
Berwyn,
Pennsylvania
| – | -$701K | -35,250 | Closed |
|
30
Jane Street
New York
| – | -$481K | -24,180 | Closed |
|
31
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$431K | -21,700 | Closed |
|
|
SA
32
Strategic Advisors
New York
| – | -$381K | -19,293 | Closed |
|
|
EWM
33
Elite Wealth Management
Kirkland,
Washington
| – | -$20K | -1,000 | Closed |
|
34
Envestnet Asset Management
Chicago,
Illinois
| – | -$10K | -500 | Closed |
|
35
Citigroup
New York
| – | -$5K | -250 | Closed |
|
PFXF Hedge Fund Activity: Q3 2013 in Review
26 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in VanEck Preferred Securities ex Financials ETF (PFXF) for Q3 2013, worth a combined $18.6M — down 24% from $24.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PFXF and 5 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 5 added.
The largest buyer was 1ST Source Bank, opening a new position worth an estimated $2.87M. The largest seller was Royal Bank of Canada, cutting an estimated $2.61M.
- 26 institutional investors held VanEck Preferred Securities ex Financials ETF (PFXF) as of Q3 2013, down from 31 in Q2 2013.
- Funds reported $18.6M of VanEck Preferred Securities ex Financials ETF stock for Q3 2013, down 24% quarter-over-quarter.
- 5 funds opened new VanEck Preferred Securities ex Financials ETF positions in Q3 2013 and 9 closed out, a net change of -4 holders.
- The largest VanEck Preferred Securities ex Financials ETF buyer in Q3 2013 was 1ST Source Bank, an estimated $2.87M added.
- The largest VanEck Preferred Securities ex Financials ETF seller in Q3 2013 was Royal Bank of Canada, an estimated $2.61M sold.
Based on aggregated 13F filings for Q3 2013.