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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
53
Holders Change
–
Holders Change %
0%
% of All Funds
1.41%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
9
Increased
16
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$4.04M
2
HCM
Hollencrest Capital Management
California
+$2.01M
3
BOTW
Bank of the West
California
+$1.77M
4
GC
Guggenheim Capital
Illinois
+$1.18M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$783K

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$6.16M
2
BAAM
Baker Avenue Asset Management
California
-$4.68M
3
Bank of America
Bank of America
North Carolina
-$4.68M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$4.66M
5
Jane Street
Jane Street
New York
-$1.84M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$22.9M +$4.04M +140,305 +21%
UBS Group
2
UBS Group
Switzerland
$16.9M +$17.1M +593,676 New
GC
3
Guggenheim Capital
Illinois
$13M +$1.18M +40,884 +10%
Bank of America
4
Bank of America
North Carolina
$9.88M -$4.68M -162,530 -32%
Wells Fargo
5
Wells Fargo
California
$7.52M -$206K -7,164 -3%
Stifel Financial
6
Stifel Financial
Missouri
$4.37M +$396K +13,775 +10%
AA
7
Advisory Alpha
Michigan
$4.12M -$293K -10,198 -7%
CCA
8
Checchi Capital Advisers
California
$4.03M +$63.9K +2,221 +2%
FBNAT
9
FirstMerit Bank N.A. Trustee
Ohio
$3.69M +$352K +12,234 +10%
HCM
10
Hollencrest Capital Management
California
$3.54M +$2.01M +69,765 +127%
AssetMark Inc
11
AssetMark Inc
California
$2.69M -$278K -9,645 -9%
Morgan Stanley
12
Morgan Stanley
New York
$2.66M -$6.16M -213,981 -70%
First Trust Advisors
13
First Trust Advisors
Illinois
$2.46M -$7.57K -263 -0.3%
BOTW
14
Bank of the West
California
$2.29M +$1.77M +61,455 +323%
PA
15
Parkside Advisors
California
$2.28M +$42.8K +1,487 +2%
Commonwealth Equity Services
16
Commonwealth Equity Services
Massachusetts
$2.2M +$369K +12,821 +20%
LPL Financial
17
LPL Financial
California
$2.19M -$376K -13,078 -15%
RG
18
Rathbones Group
United Kingdom
$2.02M +$158K +5,490 +8%
LG
19
Leuthold Group
Minnesota
$1.99M – – –
VFS
20
VSR Financial Services
Kansas
$1.85M +$103K +3,573 +6%
Ameriprise
21
Ameriprise
Minnesota
$1.37M +$268K +9,314 +24%
RJFSA
22
Raymond James Financial Services Advisors
Florida
$1.02M -$93.2K -3,238 -8%
CCM
23
Canal Capital Management
Virginia
$1.01M +$1.03M +35,663 New
Deutsche Bank
24
Deutsche Bank
Germany
$988K -$202K -7,026 -17%
Susquehanna International Group
25
Susquehanna International Group
Pennsylvania
$774K +$783K +27,201 New
1
2 3

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.