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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM

431 hedge funds and large institutions have $3.95B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2023 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 118 increasing their positions, 185 reducing their positions, and 54 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.8% more ownership

Funds ownership: 90.01% → 90.81% (+0.8%)

7% less funds holding

Funds holding: 465 → 431 (-34)

10% less capital invested

Capital invested by funds: $4.4B → $3.95B (-$443M)

22% less funds holding in top 10

Funds holding in top 10: 18 → 14 (-4)

36% less repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 185

39% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 54

Holders
431
Holders Change
-34
Holders Change %
-7.31%
% of All Funds
6.87%
Holding in Top 10
14
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-22.22%
% of All Funds
0.22%
New
33
Increased
118
Reduced
185
Closed
54
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$46.9M
2
UCFA
United Capital Financial Advisors
Texas
+$26.8M
3
Wells Fargo
Wells Fargo
California
+$24.1M
4
Goldman Sachs
Goldman Sachs
New York
+$14.6M
5
DIA
Davidson Investment Advisors
Montana
+$11.8M

Top Sellers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
-$57.9M
2
SB
Sunflower Bank
Texas
-$24.9M
3
EC
Estate Counselors
Wisconsin
-$19.5M
4
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$17.9M
5
Bank of America
Bank of America
North Carolina
-$14.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
VNIM
426
Vaughan Nelson Investment Management
Texas
$3K -$2.36K -50 -48%
TWM
427
Tradition Wealth Management
Minnesota
$3K +$2.83K +60 New
POIA
428
Pin Oak Investment Advisors
Texas
$3K +$3.35K +71 New
BBHC
429
Brown Brothers Harriman & Co
New York
$2.9K – – –
SS
430
Sunbelt Securities
Texas
$1.61K +$1.61K +34 New
S
431
SignatureFD
Georgia
$1.47K – – –
TRCT
432
Tower Research Capital (TRC)
New York
$1K +$661 +14 +140%
IRC
433
Investors Research Corp
Georgia
$428 +$425 +9 New
EI
434
Ellevest Inc
New York
$190 -$1.23K -26 -87%
FFA
435
Farther Finance Advisors
California
$15 – – –
LHWM
436
Lake Hills Wealth Management
Texas
– -$10.3M -219,681 Closed
CCM
437
Condor Capital Management
New Jersey
– -$5.18M -110,304 Closed
BBNA
438
Bremer Bank National Association
Minnesota
– -$3.35M -71,301 Closed
FTUS
439
Flow Traders U.S.
New York
– -$3.31M -70,383 Closed
AI
440
Atria Investments
North Carolina
– -$2.98M -63,409 Closed
DADC
441
D.A. Davidson & Co
Montana
– -$2.88M -61,218 Closed
NEAM
442
New England Asset Management
Connecticut
– -$2.28M -48,582 Closed
CTB
443
Country Trust Bank
Illinois
– -$2.09M -44,414 Closed
SW
444
SteelPeak Wealth
California
– -$1.63M -34,678 Closed
BF
445
BOK Financial
Oklahoma
– -$1.16M -24,589 Closed
PAS
446
Park Avenue Securities
New York
– -$1.11M -23,583 Closed
PPW
447
Parcion Private Wealth
Washington
– -$1.04M -22,035 Closed
WMA
448
West Michigan Advisors
Michigan
– -$666K -14,184 Closed
WWA
449
WCG Wealth Advisors
Nevada
– -$506K -10,776 Closed
EA
450
Eclectic Associates
California
– -$471K -10,035 Closed
16 17
18
19 20

SHM Hedge Fund Activity: Q1 2023 in Review

431 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q1 2023, worth a combined $3.95B — down 10% from $4.4B a quarter earlier.

Sellers outnumbered buyers: 54 funds closed out of SHM and 33 opened new positions — a net loss of 21 holders — while 185 trimmed existing stakes and 118 added.

The largest buyer was Morgan Stanley, adding an estimated $46.9M. The largest seller was AllianceBernstein, cutting an estimated $57.9M.

  • 431 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q1 2023, down from 465 in Q4 2022.
  • Funds reported $3.95B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q1 2023, down 10% quarter-over-quarter.
  • 33 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q1 2023 and 54 closed out, a net change of -21 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q1 2023 was Morgan Stanley, an estimated $46.9M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q1 2023 was AllianceBernstein, an estimated $57.9M sold.

Based on aggregated 13F filings for Q1 2023.