Invesco International Corporate Bond ETF
PICB
53 hedge funds and large institutions have $125M invested in Invesco International Corporate Bond ETF in 2014 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 8 closing their positions.
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
0% more funds holding
Funds holding: 53 → 53 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9.3% less ownership
Funds ownership: 58.53% → 49.23% (-9.3%)
13% less capital invested
Capital invested by funds: $144M → $125M (-$19.2M)
24% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.04M |
| 2 |
HCM
Hollencrest Capital Management
Newport Beach,
California
|
+$2.01M |
| 3 |
BOTW
Bank of the West
Monterey Park,
California
|
+$1.77M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.18M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$783K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$6.16M |
| 2 |
BAAM
Baker Avenue Asset Management
San Francisco,
California
|
-$4.68M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$4.68M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$4.66M |
| 5 |
Jane Street
New York
|
-$1.84M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $1K | +$1.21K | +42 | New |
|
52
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $29 | – | – | – |
|
|
BAAM
53
Baker Avenue Asset Management
San Francisco,
California
| – | -$4.68M | -161,049 | Closed |
|
|
54
Jane Street
New York
| – | -$1.84M | -63,284 | Closed |
|
|
QA
55
Quantitative Advantage
Minnetonka,
Minnesota
| – | -$1.73M | -59,561 | Closed |
|
|
BA
56
Boston Advisors
Boston,
Massachusetts
| – | -$1.45M | -49,848 | Closed |
|
|
BEC
57
Blue Edge Capital
Richmond,
Virginia
| – | -$629K | -21,657 | Closed |
|
|
VKH
58
Virtu KCG Holdings
New York
| – | -$220K | -7,557 | Closed |
|
59
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$10K | -352 | Closed |
|
|
WCM
60
Wealthcare Capital Management
Richmond,
Virginia
| – | -$2K | -81 | Closed |
|
61
Parallax Volatility Advisers
San Francisco,
California
| – | +$29 | +1 | New |
|
PICB Hedge Fund Activity: Q4 2014 in Review
53 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Invesco International Corporate Bond ETF (PICB) for Q4 2014, worth a combined $125M — down 13% from $144M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PICB positions and 8 closed out — a net gain of 1 holder — while 16 added to existing stakes and 21 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $4.04M. The largest seller was Morgan Stanley, cutting an estimated $6.16M.
- 53 institutional investors held Invesco International Corporate Bond ETF (PICB) as of Q4 2014, unchanged from Q3 2014.
- Funds reported $125M of Invesco International Corporate Bond ETF stock for Q4 2014, down 13% quarter-over-quarter.
- 9 funds opened new Invesco International Corporate Bond ETF positions in Q4 2014 and 8 closed out, a net change of +1 holder.
- The largest Invesco International Corporate Bond ETF buyer in Q4 2014 was Royal Bank of Canada, an estimated $4.04M added.
- The largest Invesco International Corporate Bond ETF seller in Q4 2014 was Morgan Stanley, an estimated $6.16M sold.
Based on aggregated 13F filings for Q4 2014.