State Street SPDR ICE Preferred Securities ETF
PSK
192 hedge funds and large institutions have $432M invested in State Street SPDR ICE Preferred Securities ETF in 2023 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 73 increasing their positions, 56 reducing their positions, and 27 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
30% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 56
10% more capital invested
Capital invested by funds: $393M → $432M (+$39.1M)
2.75% more ownership
Funds ownership: 40.67% → 43.43% (+2.8%)
4% less funds holding
Funds holding: 199 → 192 (-7)
15% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 27
100% less call options, than puts
Call options by funds: $3K | Put options by funds: $849K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$10.2M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$4.67M |
| 3 |
LPL Financial
San Diego,
California
|
+$4.05M |
| 4 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$2.55M |
| 5 |
MPWT
MassMutual Private Wealth & Trust
Windsor,
Connecticut
|
+$2.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$6.61M |
| 2 |
GLA
Good Life Advisors
Reading,
Pennsylvania
|
-$6.01M |
| 3 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
-$5.03M |
| 4 |
BlackRock
New York
|
-$2.62M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$2.51M |
PSK Hedge Fund Activity: Q1 2023 in Review
192 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR ICE Preferred Securities ETF (PSK) for Q1 2023, worth a combined $432M — up 10% from $393M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of PSK and 23 opened new positions — a net loss of 4 holders — while 56 trimmed existing stakes and 73 added.
The largest buyer was Wells Fargo, adding an estimated $10.2M. The largest seller was Bank of America, cutting an estimated $6.61M.
- 192 institutional investors held State Street SPDR ICE Preferred Securities ETF (PSK) as of Q1 2023, down from 199 in Q4 2022.
- Funds reported $432M of State Street SPDR ICE Preferred Securities ETF stock for Q1 2023, up 10% quarter-over-quarter.
- 23 funds opened new State Street SPDR ICE Preferred Securities ETF positions in Q1 2023 and 27 closed out, a net change of -4 holders.
- The largest State Street SPDR ICE Preferred Securities ETF buyer in Q1 2023 was Wells Fargo, an estimated $10.2M added.
- The largest State Street SPDR ICE Preferred Securities ETF seller in Q1 2023 was Bank of America, an estimated $6.61M sold.
Based on aggregated 13F filings for Q1 2023.