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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM

428 hedge funds and large institutions have $4.2B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2023 Q4 according to their latest regulatory filings, with 81 funds opening new positions, 111 increasing their positions, 186 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

76% more first-time investments, than exits

New positions opened: 81 | Existing positions closed: 46

15% more capital invested

Capital invested by funds: $3.66B → $4.2B (+$539M)

13.73% more ownership

Funds ownership: 93.8% → 107.53% (+14%)

6% more funds holding

Funds holding: 402 → 428 (+26)

40% less repeat investments, than reductions

Existing positions increased: 111 | Existing positions reduced: 186

42% less funds holding in top 10

Funds holding in top 10: 12 → 7 (-5)

Holders
428
Holders Change
+26
Holders Change %
+6.47%
% of All Funds
6.24%
Holding in Top 10
7
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-41.67%
% of All Funds
0.1%
New
81
Increased
111
Reduced
186
Closed
46
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$264M
2
Goldman Sachs
Goldman Sachs
New York
+$240M
3
Jane Street
Jane Street
New York
+$69.3M
4
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$30.2M
5
Wells Fargo
Wells Fargo
California
+$27.7M

Top Sellers

Rank Fund Capital Flow
1
UCFA
United Capital Financial Advisors
Texas
-$75.6M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$68.4M
3
AWA
Alaska Wealth Advisors
Alaska
-$30.2M
4
SEI Investments
SEI Investments
Pennsylvania
-$21.7M
5
ACA
Ackerman Capital Advisors
Texas
-$14.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
RVPG
276
Relative Value Partners Group
$440K +$2.02K +43 +0.5%
RWA
277
Redhawk Wealth Advisors
Minnesota
$437K +$429K +9,134 New
AWM
278
Axxcess Wealth Management
California
$436K -$60.6K -1,292 -12%
PSCM
279
Per Stirling Capital Management
Texas
$425K -$11.7K -249 -3%
TCPWM
280
Traverso Chambers Private Wealth Management
California
$411K – – –
ATPW
281
Ashton Thomas Private Wealth
Arizona
$409K -$7.46K -159 -2%
SC
282
Sepio Capital
Utah
$408K -$757K -16,126 -65%
RPA
283
Rock Point Advisors
Vermont
$406K -$162K -3,450 -29%
OPCM
284
Osborne Partners Capital Management
California
$402K -$97.8K -2,085 -20%
ACM
285
Advisors Capital Management
New Jersey
$402K +$394K +8,406 New
SSWM
286
Sheets Smith Wealth Management
North Carolina
$402K -$75.8K -1,616 -16%
DI
287
DFPG Investments
Utah
$398K -$39.3K -838 -9%
MWM
288
MY Wealth Management
Maryland
$389K – – –
HNB
289
Huntington National Bank
Ohio
$387K – – –
MAC
290
Mason & Associates (California)
California
$387K -$54.1K -1,153 -12%
WSCM
291
Wellington Shields Capital Management
New York
$382K – – –
HWMC
292
Heritage Wealth Management (California)
California
$380K +$373K +7,951 New
GRP
293
Global Retirement Partners
California
$378K +$176K +3,742 +89%
BC
294
Bartlett & Co
Ohio
$368K – – –
BCWM
295
Bartlett & Co Wealth Management
Ohio
$368K – – –
KFGK
296
Keystone Financial Group (Kentucky)
Kentucky
$363K -$143K -3,046 -29%
CPL
297
CAP Partners LLC
Tennessee
$355K +$349K +7,432 New
FHA
298
First Horizon Advisors
Tennessee
$355K -$45.1K -962 -11%
SWA
299
Sightline Wealth Advisors
Connecticut
$355K -$9.38K -200 -3%
AG
300
Ascent Group
Virginia
$349K +$343K +7,318 New
10 11
12
13 14

SHM Hedge Fund Activity: Q4 2023 in Review

428 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q4 2023, worth a combined $4.2B — up 15% from $3.66B a quarter earlier.

Buyers outnumbered sellers: 81 funds opened new SHM positions and 46 closed out — a net gain of 35 holders — while 111 added to existing stakes and 186 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $264M. The largest seller was United Capital Financial Advisors, cutting an estimated $75.6M.

  • 428 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q4 2023, up from 402 in Q3 2023.
  • Funds reported $4.2B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q4 2023, up 15% quarter-over-quarter.
  • 81 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q4 2023 and 46 closed out, a net change of +35 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q4 2023 was Morgan Stanley, an estimated $264M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q4 2023 was United Capital Financial Advisors, an estimated $75.6M sold.

Based on aggregated 13F filings for Q4 2023.