Invesco Golden Dragon China ETF
45 hedge funds and large institutions have $44.4M invested in Invesco Golden Dragon China ETF in 2014 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 7 increasing their positions, 15 reducing their positions, and 8 closing their positions.
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
7% more funds holding
Funds holding: 42 → 45 (+3)
3.93% less ownership
Funds ownership: 23.85% → 19.91% (-3.9%)
13% less call options, than puts
Call options by funds: $443K | Put options by funds: $512K
36% less capital invested
Capital invested by funds: $69.4M → $44.4M (-$25.1M)
53% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Tocqueville Asset Management
New York
|
+$1.75M |
| 2 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$946K |
| 3 |
IIA
IPG Investment Advisors
San Diego,
California
|
+$651K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$404K |
| 5 |
Millennium Management
New York
|
+$349K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$10.8M |
| 2 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
-$5.91M |
| 3 |
DSAM
Dock Street Asset Management
Palm Beach,
Florida
|
-$4M |
| 4 |
CA
Cumberland Advisors
Sarasota,
Florida
|
-$1.9M |
| 5 |
Citigroup
New York
|
-$747K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Parallax Volatility Advisers
San Francisco,
California
| – | +$30 | +1 | New |
|
52
Simplex Trading
Chicago,
Illinois
| – | +$266 | +9 | New |
|
PGJ Hedge Fund Activity: Q4 2014 in Review
45 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Invesco Golden Dragon China ETF (PGJ) for Q4 2014, worth a combined $44.4M — down 36% from $69.4M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PGJ positions and 8 closed out — a net gain of 5 holders — while 7 added to existing stakes and 15 trimmed.
The largest buyer was Tocqueville Asset Management, opening a new position worth an estimated $1.75M. The largest seller was Wells Fargo, cutting an estimated $10.8M.
- 45 institutional investors held Invesco Golden Dragon China ETF (PGJ) as of Q4 2014, up from 42 in Q3 2014.
- Funds reported $44.4M of Invesco Golden Dragon China ETF stock for Q4 2014, down 36% quarter-over-quarter.
- 13 funds opened new Invesco Golden Dragon China ETF positions in Q4 2014 and 8 closed out, a net change of +5 holders.
- The largest Invesco Golden Dragon China ETF buyer in Q4 2014 was Tocqueville Asset Management, an estimated $1.75M added.
- The largest Invesco Golden Dragon China ETF seller in Q4 2014 was Wells Fargo, an estimated $10.8M sold.
Based on aggregated 13F filings for Q4 2014.