iShares Mortgage Real Estate ETF
REM
103 hedge funds and large institutions have $438M invested in iShares Mortgage Real Estate ETF in 2013 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 37 increasing their positions, 29 reducing their positions, and 13 closing their positions.
138% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 13
28% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 29
18% more funds holding
Funds holding: 87 → 103 (+16)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0.14% less ownership
Funds ownership: 6.82% → 6.69% (-0.14%)
23% less capital invested
Capital invested by funds: $566M → $438M (-$128M)
53% less call options, than puts
Call options by funds: $980K | Put options by funds: $2.09M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$5.99M |
| 2 |
SG Americas Securities
New York
|
+$5.39M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$4.23M |
| 4 |
TCB
Texas Capital Bancshares
Dallas,
Texas
|
+$3.76M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$3.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Comerica Bank
Dallas,
Texas
|
-$28.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$12.5M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$9.07M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.41M |
| 5 |
TC
Talkot Capital
Sausalito,
California
|
-$4.83M |
REM Hedge Fund Activity: Q4 2013 in Review
103 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in iShares Mortgage Real Estate ETF (REM) for Q4 2013, worth a combined $438M — down 23% from $566M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new REM positions and 13 closed out — a net gain of 18 holders — while 37 added to existing stakes and 29 trimmed.
The largest buyer was Credit Suisse, opening a new position worth an estimated $5.99M. The largest seller was Comerica Bank, cutting an estimated $28.8M.
- 103 institutional investors held iShares Mortgage Real Estate ETF (REM) as of Q4 2013, up from 87 in Q3 2013.
- Funds reported $438M of iShares Mortgage Real Estate ETF stock for Q4 2013, down 23% quarter-over-quarter.
- 31 funds opened new iShares Mortgage Real Estate ETF positions in Q4 2013 and 13 closed out, a net change of +18 holders.
- The largest iShares Mortgage Real Estate ETF buyer in Q4 2013 was Credit Suisse, an estimated $5.99M added.
- The largest iShares Mortgage Real Estate ETF seller in Q4 2013 was Comerica Bank, an estimated $28.8M sold.
Based on aggregated 13F filings for Q4 2013.