SoFi Select 500 ETF
SFY
27 hedge funds and large institutions have $554M invested in SoFi Select 500 ETF in 2024 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 3 reducing their positions, and 4 closing their positions.
267% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 3
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
17% more capital invested
Capital invested by funds: $475M → $554M (+$79M)
13% more funds holding
Funds holding: 24 → 27 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.35% less ownership
Funds ownership: 15.98% → 15.63% (-0.35%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SW
SoFi Wealth
San Francisco,
California
|
+$31.2M |
| 2 |
GS
GTS Securities
New York
|
+$1.12M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$797K |
| 4 |
HF
HRT Financial
New York
|
+$178K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
+$71.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$2.63M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$697K |
| 3 |
Morgan Stanley
New York
|
-$38.5K |
| 4 |
CWM
Centric Wealth Management
Chicago,
Illinois
|
-$9.45K |
| 5 |
TFA
Teamwork Financial Advisors
San Antonio,
Texas
|
-$8.48K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $5.81K | – | – | – |
|
|
FFA
27
Farther Finance Advisors
San Francisco,
California
| $1.04K | – | – | – |
|
28
BNP Paribas Financial Markets
Paris,
France
| $130 | +$88 | +1 | New |
|
|
SSB
29
Sandy Spring Bank
Olney,
Maryland
| $19 | – | – | – |
|
30
Wells Fargo
San Francisco,
California
| $4 | – | – | – |
|
|
AWM
31
AE Wealth Management
Topeka,
Kansas
| – | -$2.63M | -30,430 | Closed |
|
|
32
Citadel Advisors
Miami,
Florida
| – | -$697K | -8,229 | Closed |
|
|
TVAMP
33
Tennessee Valley Asset Management Partners
Knoxville,
Tennessee
| – | -$2.24K | -26 | Closed |
|
34
UBS Group
Zurich,
Switzerland
| – | -$881 | -10 | Closed |
|
SFY Hedge Fund Activity: Q1 2024 in Review
27 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in SoFi Select 500 ETF (SFY) for Q1 2024, worth a combined $554M — up 17% from $475M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SFY positions and 4 closed out — a net gain of 3 holders — while 11 added to existing stakes and 3 trimmed.
The largest buyer was SoFi Wealth, adding an estimated $31.2M. The largest seller was AE Wealth Management, exiting entirely with an estimated $2.63M sold.
- 27 institutional investors held SoFi Select 500 ETF (SFY) as of Q1 2024, up from 24 in Q4 2023.
- Funds reported $554M of SoFi Select 500 ETF stock for Q1 2024, up 17% quarter-over-quarter.
- 7 funds opened new SoFi Select 500 ETF positions in Q1 2024 and 4 closed out, a net change of +3 holders.
- The largest SoFi Select 500 ETF buyer in Q1 2024 was SoFi Wealth, an estimated $31.2M added.
- The largest SoFi Select 500 ETF seller in Q1 2024 was AE Wealth Management, an estimated $2.63M sold.
Based on aggregated 13F filings for Q1 2024.