Invesco Building & Construction ETF
PKB
23 hedge funds and large institutions have $13.5M invested in Invesco Building & Construction ETF in 2014 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 11 reducing their positions, and 13 closing their positions.
26.81% less ownership
Funds ownership: 51.78% → 24.97% (-27%)
34% less funds holding
Funds holding: 35 → 23 (-12)
69% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 13
73% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 11
76% less capital invested
Capital invested by funds: $56.5M → $13.5M (-$43M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$1.11M |
| 2 |
Goldman Sachs
New York
|
+$661K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$415K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$48.6K |
| 5 |
Parallax Volatility Advisers
San Francisco,
California
|
+$21 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$11.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$8.44M |
| 3 |
BAAM
Baker Avenue Asset Management
San Francisco,
California
|
-$4.13M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$3.15M |
| 5 |
SG Americas Securities
New York
|
-$2.93M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Stifel Financial
St. Louis,
Missouri
| – | -$968K | -46,596 | Closed |
|
|
VKH
27
Virtu KCG Holdings
New York
| – | -$924K | -44,505 | Closed |
|
28
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$465K | -22,412 | Closed |
|
|
SB
29
Suntrust Banks
Atlanta,
Georgia
| – | -$449K | -21,649 | Closed |
|
|
IAA
30
Ironsides Asset Advisors
Rocky Mount,
North Carolina
| – | -$290K | -13,970 | Closed |
|
|
CAN
31
Cetera Advisor Networks
El Segundo,
California
| – | -$229K | -11,054 | Closed |
|
32
Ameriprise
Minneapolis,
Minnesota
| – | -$91K | -4,365 | Closed |
|
|
PAG
33
Private Advisor Group
Morristown,
New Jersey
| – | -$12K | -592 | Closed |
|
|
MFS
34
MSI Financial Services
Springfield,
Massachusetts
| – | -$7K | -320 | Closed |
|
|
BFEC
35
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$1K | -68 | Closed |
|
|
36
Parallax Volatility Advisers
San Francisco,
California
| – | +$21 | +1 | New |
|
PKB Hedge Fund Activity: Q4 2014 in Review
23 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Invesco Building & Construction ETF (PKB) for Q4 2014, worth a combined $13.5M — down 76% from $56.5M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of PKB and 4 opened new positions — a net loss of 9 holders — while 11 trimmed existing stakes and 3 added.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $1.11M. The largest seller was Morgan Stanley, cutting an estimated $11.4M.
- 23 institutional investors held Invesco Building & Construction ETF (PKB) as of Q4 2014, down from 35 in Q3 2014.
- Funds reported $13.5M of Invesco Building & Construction ETF stock for Q4 2014, down 76% quarter-over-quarter.
- 4 funds opened new Invesco Building & Construction ETF positions in Q4 2014 and 13 closed out, a net change of -9 holders.
- The largest Invesco Building & Construction ETF buyer in Q4 2014 was Citadel Advisors, an estimated $1.11M added.
- The largest Invesco Building & Construction ETF seller in Q4 2014 was Morgan Stanley, an estimated $11.4M sold.
Based on aggregated 13F filings for Q4 2014.