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VanEck Preferred Securities ex Financials ETF

168 hedge funds and large institutions have $455M invested in VanEck Preferred Securities ex Financials ETF in 2023 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 55 increasing their positions, 52 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,212% more call options, than puts

Call options by funds: $564K | Put options by funds: $43K

158% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 12

21% more capital invested

Capital invested by funds: $375M → $455M (+$80.5M)

13% more funds holding

Funds holding: 149168 (+19)

3.45% more ownership

Funds ownership: 29.5%32.95% (+3.4%)

6% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 52

33% less funds holding in top 10

Funds holding in top 10: 64 (-2)

Holders
168
Holders Change
+19
Holders Change %
+12.75%
% of All Funds
2.45%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
31
Increased
55
Reduced
52
Closed
12
Calls
$564K
Puts
$43K
Net Calls
+$521K
Net Calls Change
+$521K
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$94.1M +$59.7M +3,610,597 +194%
Bank of America
2
Bank of America
North Carolina
$33.9M +$3.48M +210,559 +12%
LPL Financial
3
LPL Financial
California
$30M +$6.58M +397,714 +29%
SOWBOCOPL
4
State of Wisconsin - Board of Commissioners of Public Lands
Wisconsin
$26.2M
RCI
5
RS Crum Inc
California
$21.7M +$2.18M +131,789 +12%
RJFSA
6
Raymond James Financial Services Advisors
Florida
$20.8M +$200K +12,083 +1%
Ameriprise
7
Ameriprise
Minnesota
$18.7M +$1.93M +116,713 +12%
MWM
8
MY Wealth Management
Maryland
$16.3M +$45.3K +2,736 +0.3%
TWM
9
Tanager Wealth Management
United Kingdom
$15.7M -$671K -40,539 -4%
Wells Fargo
10
Wells Fargo
California
$12.2M -$1.8M -108,888 -13%
RJA
11
Raymond James & Associates
Florida
$9.07M +$1.35M +81,743 +18%
MML Investors Services
12
MML Investors Services
Massachusetts
$8.69M +$1.07M +64,915 +15%
Osaic Holdings
13
Osaic Holdings
Arizona
$7.9M -$3.9M -235,764 -34%
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$6.65M -$6.15M -371,605 -49%
LFAS
15
Level Four Advisory Services
Texas
$5.72M +$238K +14,403 +5%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$5.37M -$681K -41,173 -12%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$5.35M +$6.57K +397 +0.1%
Northwestern Mutual Wealth Management
18
Northwestern Mutual Wealth Management
Wisconsin
$5.09M +$834K +50,418 +20%
PAS
19
Park Avenue Securities
New York
$4.5M +$907K +54,820 +26%
KAS
20
Kestra Advisory Services
Texas
$4.49M +$352K +21,300 +9%
Sumitomo Mitsui Trust Group
21
Sumitomo Mitsui Trust Group
Japan
$4.19M -$16.3K -986 -0.4%
SIS
22
Sound Income Strategies
Florida
$4.09M +$191K +11,553 +5%
Cambridge Investment Research Advisors
23
Cambridge Investment Research Advisors
Iowa
$3.54M -$164K -9,928 -5%
UBS Group
24
UBS Group
Switzerland
$3.35M +$177K +10,717 +6%
CCP
25
Carmel Capital Partners
California
$3.22M +$3.1M +187,464 New

PFXF Hedge Fund Activity: Q4 2023 in Review

168 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in VanEck Preferred Securities ex Financials ETF (PFXF) for Q4 2023, worth a combined $455M — up 21% from $375M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new PFXF positions and 12 closed out — a net gain of 19 holders — while 55 added to existing stakes and 52 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $59.7M. The largest seller was Procyon Advisors, cutting an estimated $15.5M.

  • 168 institutional investors held VanEck Preferred Securities ex Financials ETF (PFXF) as of Q4 2023, up from 149 in Q3 2023.
  • Funds reported $455M of VanEck Preferred Securities ex Financials ETF stock for Q4 2023, up 21% quarter-over-quarter.
  • 31 funds opened new VanEck Preferred Securities ex Financials ETF positions in Q4 2023 and 12 closed out, a net change of +19 holders.
  • The largest VanEck Preferred Securities ex Financials ETF buyer in Q4 2023 was Morgan Stanley, an estimated $59.7M added.
  • The largest VanEck Preferred Securities ex Financials ETF seller in Q4 2023 was Procyon Advisors, an estimated $15.5M sold.

Based on aggregated 13F filings for Q4 2023.