State Street SPDR ICE Preferred Securities ETF
PSK
104 hedge funds and large institutions have $285M invested in State Street SPDR ICE Preferred Securities ETF in 2018 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 36 increasing their positions, 28 reducing their positions, and 19 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
29% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 28
15% more capital invested
Capital invested by funds: $248M → $285M (+$36.8M)
4% less funds holding
Funds holding: 108 → 104 (-4)
4.15% less ownership
Funds ownership: 59.05% → 54.9% (-4.2%)
16% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$24.3M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$18.3M |
| 3 |
CWSR
Chessman Wealth Strategies RIA
Dallas,
Texas
|
+$10.4M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$3.85M |
| 5 |
Morgan Stanley
New York
|
+$3.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
-$15.1M |
| 2 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$5.89M |
| 3 |
Millennium Management
New York
|
-$4.09M |
| 4 |
AF
Allworth Financial
Folsom,
California
|
-$3.35M |
| 5 |
AA
Advisory Alpha
Holland,
Michigan
|
-$1.54M |
PSK Hedge Fund Activity: Q3 2018 in Review
104 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR ICE Preferred Securities ETF (PSK) for Q3 2018, worth a combined $285M — up 15% from $248M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of PSK and 16 opened new positions — a net loss of 3 holders — while 28 trimmed existing stakes and 36 added.
The largest buyer was State Street, adding an estimated $24.3M. The largest seller was Gradient Investments, cutting an estimated $15.1M.
- 104 institutional investors held State Street SPDR ICE Preferred Securities ETF (PSK) as of Q3 2018, down from 108 in Q2 2018.
- Funds reported $285M of State Street SPDR ICE Preferred Securities ETF stock for Q3 2018, up 15% quarter-over-quarter.
- 16 funds opened new State Street SPDR ICE Preferred Securities ETF positions in Q3 2018 and 19 closed out, a net change of -3 holders.
- The largest State Street SPDR ICE Preferred Securities ETF buyer in Q3 2018 was State Street, an estimated $24.3M added.
- The largest State Street SPDR ICE Preferred Securities ETF seller in Q3 2018 was Gradient Investments, an estimated $15.1M sold.
Based on aggregated 13F filings for Q3 2018.