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iShares Mortgage Real Estate ETF
REM

115 hedge funds and large institutions have $306M invested in iShares Mortgage Real Estate ETF in 2014 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 36 increasing their positions, 41 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 14

4% more funds holding

Funds holding: 111 → 115 (+4)

0.13% less ownership

Funds ownership: 6.43% → 6.3% (-0.13%)

10% less capital invested

Capital invested by funds: $341M → $306M (-$34.8M)

12% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 41

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

98% less call options, than puts

Call options by funds: $278K | Put options by funds: $15.3M

Holders
115
Holders Change
+4
Holders Change %
+3.6%
% of All Funds
3.34%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.15%
New
20
Increased
36
Reduced
41
Closed
14
Calls
$278K
Puts
$15.3M
Net Calls
-$15M
Net Calls Change
-$13.1M

Top Buyers

1
EWM
Edge Wealth Management
New York
+$11.6M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$6.73M
3
BFA
BlackRock Fund Advisors
California
+$4.81M
4
TNBTD
Trustmark National Bank Trust Department
Mississippi
+$3.65M
5
DAS
Dynamic Advisor Solutions
Arizona
+$3.14M

Top Sellers

1
MIM
Miller Investment Management
Pennsylvania
-$19.1M
2
Comerica Bank
Comerica Bank
Texas
-$6.63M
3
RP
Raiff Partners
New York
-$6.32M
4
Wells Fargo
Wells Fargo
California
-$5.68M
5
PWM
Patriot Wealth Management
Texas
-$3.52M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$34.5M -$1.88M -37,435 -5%
BFA
2
BlackRock Fund Advisors
California
$26.6M +$4.81M +95,663 +20%
Schroder Investment Management Group
3
Schroder Investment Management Group
United Kingdom
$22.3M – – –
LPL Financial
4
LPL Financial
California
$17.6M -$656K -13,056 -3%
Bank of America
5
Bank of America
North Carolina
$16.5M +$79.3K +1,578 +0.5%
Wells Fargo
6
Wells Fargo
California
$15.5M -$5.68M -113,122 -26%
CIA
7
Capital Investment Advisors
Georgia
$12.7M +$914K +18,186 +7%
EWM
8
Edge Wealth Management
New York
$12M +$11.6M +230,197 +966%
JIP
9
Jaffetilchin Investment Partners
Florida
$10.5M +$857K +17,057 +8%
U
10
UBS
Switzerland
$9.63M -$768K -15,287 -7%
Goldman Sachs
11
Goldman Sachs
New York
$8.85M -$2.04M -40,554 -18%
Thrivent Financial for Lutherans
12
Thrivent Financial for Lutherans
Minnesota
$8.62M – – –
Fidelity Investments
13
Fidelity Investments
Massachusetts
$6.33M +$6.73M +134,050 New
BlackRock
14
BlackRock
New York
$5.76M +$1.66M +33,035 +37%
DAS
15
Dynamic Advisor Solutions
Arizona
$5.52M +$3.14M +62,421 +114%
NEIRG
16
New England Investment & Retirement Group
Massachusetts
$5.13M -$63.6K -1,267 -1%
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$4.89M -$101K -2,013 -2%
Citigroup
18
Citigroup
New York
$4.23M +$639K +12,728 +17%
CHA
19
Cedar Hill Associates
Illinois
$4.13M -$147K -2,924 -3%
TCB
20
Texas Capital Bancshares
Texas
$4.09M -$57.2K -1,138 -1%
N
21
Nuveen
North Carolina
$4M -$376K -7,484 -8%
AIG
22
American International Group
New York
$3.67M +$342K +6,800 +10%
TNBTD
23
Trustmark National Bank Trust Department
Mississippi
$3.43M +$3.65M +72,712 New
HighTower Advisors
24
HighTower Advisors
Illinois
$3.42M +$395K +7,858 +12%
MP
25
Manifold Partners
California
$3.24M +$803K +15,977 +30%
1
2 3 4 5

REM Hedge Fund Activity: Q3 2014 in Review

115 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in iShares Mortgage Real Estate ETF (REM) for Q3 2014, worth a combined $306M — down 10% from $341M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new REM positions and 14 closed out — a net gain of 6 holders — while 36 added to existing stakes and 41 trimmed.

The largest buyer was Edge Wealth Management, adding an estimated $11.6M. The largest seller was Miller Investment Management, exiting entirely with an estimated $19.1M sold.

  • 115 institutional investors held iShares Mortgage Real Estate ETF (REM) as of Q3 2014, up from 111 in Q2 2014.
  • Funds reported $306M of iShares Mortgage Real Estate ETF stock for Q3 2014, down 10% quarter-over-quarter.
  • 20 funds opened new iShares Mortgage Real Estate ETF positions in Q3 2014 and 14 closed out, a net change of +6 holders.
  • The largest iShares Mortgage Real Estate ETF buyer in Q3 2014 was Edge Wealth Management, an estimated $11.6M added.
  • The largest iShares Mortgage Real Estate ETF seller in Q3 2014 was Miller Investment Management, an estimated $19.1M sold.

Based on aggregated 13F filings for Q3 2014.