Invesco Financial Preferred ETF
PGF
99 hedge funds and large institutions have $190M invested in Invesco Financial Preferred ETF in 2013 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 43 reducing their positions, and 25 closing their positions.
1.97% less ownership
Funds ownership: 14.67% → 12.7% (-2%)
14% less funds holding
Funds holding: 115 → 99 (-16)
24% less capital invested
Capital invested by funds: $252M → $190M (-$61.7M)
47% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 43
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
60% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 25
99% less call options, than puts
Call options by funds: $12K | Put options by funds: $1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BF
BOK Financial
Tulsa,
Oklahoma
|
+$5.73M |
| 2 |
SAM
SignalPoint Asset Management
Springfield,
Missouri
|
+$2M |
| 3 |
William Blair & Company
Chicago,
Illinois
|
+$1.33M |
| 4 |
SAMC
Shinko Asset Management Company
Tokyo,
Japan
|
+$626K |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$501K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMM
Berkshire Money Management
Dalton,
Massachusetts
|
-$12.1M |
| 2 |
Morgan Stanley
New York
|
-$7.14M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$5.67M |
| 4 |
MPM
Meritage Portfolio Management
Overland Park,
Kansas
|
-$4.01M |
| 5 |
SNC
Stifel Nicolaus & Co
St Louis,
Missouri
|
-$4.01M |
PGF Hedge Fund Activity: Q3 2013 in Review
99 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Invesco Financial Preferred ETF (PGF) for Q3 2013, worth a combined $190M — down 24% from $252M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of PGF and 10 opened new positions — a net loss of 15 holders — while 43 trimmed existing stakes and 23 added.
The largest buyer was BOK Financial, adding an estimated $5.73M. The largest seller was Berkshire Money Management, exiting entirely with an estimated $12.1M sold.
- 99 institutional investors held Invesco Financial Preferred ETF (PGF) as of Q3 2013, down from 115 in Q2 2013.
- Funds reported $190M of Invesco Financial Preferred ETF stock for Q3 2013, down 24% quarter-over-quarter.
- 10 funds opened new Invesco Financial Preferred ETF positions in Q3 2013 and 25 closed out, a net change of -15 holders.
- The largest Invesco Financial Preferred ETF buyer in Q3 2013 was BOK Financial, an estimated $5.73M added.
- The largest Invesco Financial Preferred ETF seller in Q3 2013 was Berkshire Money Management, an estimated $12.1M sold.
Based on aggregated 13F filings for Q3 2013.