State Street SPDR ICE Preferred Securities ETF
PSK
39 hedge funds and large institutions have $41.4M invested in State Street SPDR ICE Preferred Securities ETF in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 18 reducing their positions, and 11 closing their positions.
1.07% less ownership
Funds ownership: 19.81% → 18.74% (-1.1%)
13% less funds holding
Funds holding: 45 → 39 (-6)
17% less capital invested
Capital invested by funds: $50.1M → $41.4M (-$8.77M)
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
56% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 18
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SGAM
Steinberg Global Asset Management
Boca Raton,
Florida
|
+$2.26M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
+$1.25M |
| 3 |
JG
Jefferies Group
New York
|
+$1.19M |
| 4 |
SI
SII Investments
Appleton,
Wisconsin
|
+$294K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$222K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.9M |
| 2 |
Morgan Stanley
New York
|
-$1.66M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$1.33M |
| 4 |
LWI
Long Wharf Investors
Boston,
Massachusetts
|
-$1.17M |
| 5 |
SCG
Strategic Capital Group
Gig Harbor,
Washington
|
-$1.17M |
PSK Hedge Fund Activity: Q4 2013 in Review
39 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR ICE Preferred Securities ETF (PSK) for Q4 2013, worth a combined $41.4M — down 17% from $50.1M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of PSK and 5 opened new positions — a net loss of 6 holders — while 18 trimmed existing stakes and 8 added.
The largest buyer was Steinberg Global Asset Management, opening a new position worth an estimated $2.26M. The largest seller was Bank of America, cutting an estimated $2.9M.
- 39 institutional investors held State Street SPDR ICE Preferred Securities ETF (PSK) as of Q4 2013, down from 45 in Q3 2013.
- Funds reported $41.4M of State Street SPDR ICE Preferred Securities ETF stock for Q4 2013, down 17% quarter-over-quarter.
- 5 funds opened new State Street SPDR ICE Preferred Securities ETF positions in Q4 2013 and 11 closed out, a net change of -6 holders.
- The largest State Street SPDR ICE Preferred Securities ETF buyer in Q4 2013 was Steinberg Global Asset Management, an estimated $2.26M added.
- The largest State Street SPDR ICE Preferred Securities ETF seller in Q4 2013 was Bank of America, an estimated $2.9M sold.
Based on aggregated 13F filings for Q4 2013.