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.
16% less funds holding
Funds holding: 31 → 26 (-5)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
48% less capital inflows, than outflows
Capital inflows: $5.44M | Capital outflows: $10.5M
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1ST Source Bank
South Bend,
Indiana
|
+$2.87M |
| 2 |
UBS
Zurich,
Switzerland
|
+$794K |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$587K |
| 4 |
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 |
MSI Financial Services
Springfield,
Massachusetts
|
-$1.22M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.02M |
| 5 |
KFS
KMS Financial Services
Seattle,
Washington
|
-$938K |
PFXF Hedge Fund Activity: Q3 2013 in Review
26 of the 3,096 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.