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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM

158 hedge funds and large institutions have $1.09B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2013 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 64 increasing their positions, 36 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

136% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 14

78% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 36

13% more funds holding

Funds holding: 140 → 158 (+18)

8% more capital invested

Capital invested by funds: $1.01B → $1.09B (+$79.9M)

1.55% more ownership

Funds ownership: 23.95% → 25.49% (+1.5%)

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

Holders
158
Holders Change
+18
Holders Change %
+12.86%
% of All Funds
4.59%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.23%
New
33
Increased
64
Reduced
36
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Spruce Investment Advisors
Connecticut
+$36.8M
2
B
Bailard
California
+$16M
3
U
UBS
Switzerland
+$14.9M
4
Bank of America
Bank of America
North Carolina
+$14.6M
5
Morgan Stanley
Morgan Stanley
New York
+$14.3M

Top Sellers

1
BTS
BB&T Securities
Virginia
-$30.5M
2
KIM
Karpus Investment Management
New York
-$16.4M
3
Comerica Bank
Comerica Bank
Texas
-$4.38M
4
PAG
Pinnacle Advisory Group
Maryland
-$4.08M
5
RCAG
Rehmann Capital Advisory Group
Michigan
-$3.92M
Name Holding Trade Value Shares
Change 		Change in
Stake
CS
26
Credit Suisse
Switzerland
$9.15M +$141K +2,897 +2%
CCG
27
Chatham Capital Group
Georgia
$8.25M +$146K +3,001 +2%
Northwestern Mutual Wealth Management
28
Northwestern Mutual Wealth Management
Wisconsin
$7.35M +$1.96M +40,326 +36%
HighTower Advisors
29
HighTower Advisors
Illinois
$7.13M -$101K -2,090 -1%
CCWA
30
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$6.42M -$2.16M -44,473 -25%
3AM
31
3D Asset Management
Connecticut
$6.38M +$902K +18,592 +16%
TFA
32
Transamerica Financial Advisors
Florida
$6.19M -$346K -7,130 -5%
Barclays
33
Barclays
United Kingdom
$6.04M +$283K +5,840 +5%
APCM
34
Alaska Permanent Capital Management
Alaska
$4.93M +$3.77M +77,683 +326%
Goldman Sachs
35
Goldman Sachs
New York
$4.89M +$1.24M +25,452 +34%
LPL Financial
36
LPL Financial
California
$4.68M +$456K +9,394 +11%
CC
37
Curian Capital
Colorado
$4.64M -$2.66M -54,730 -36%
LIM
38
Leavell Investment Management
Alabama
$4.59M -$52.8K -1,087 -1%
JIR
39
James Investment Research
Ohio
$4.35M – – –
PA
40
Parkside Advisors
California
$4.19M +$4.19M +86,241 New
AL
41
Aspiriant LLC
California
$4.15M +$3.26M +67,094 +366%
LWM
42
LBA Wealth Management
Florida
$3.84M +$3.84M +79,050 New
GF
43
Gerstein Fisher
New York
$3.46M +$1.41M +29,026 +69%
BIT
44
BlackRock Institutional Trust
California
$3.38M -$80.3K -1,655 -2%
First Trust Advisors
45
First Trust Advisors
Illinois
$3.23M +$17.3K +357 +0.5%
FIM
46
Freedom Investment Management
Connecticut
$3.02M -$349K -7,197 -10%
Millennium Management
47
Millennium Management
New York
$3M -$16.6K -343 -0.6%
MNA
48
Manning & Napier Advisors
New York
$2.88M – – –
DADC
49
D.A. Davidson & Co
Montana
$2.84M -$37.4K -770 -1%
Ameriprise
50
Ameriprise
Minnesota
$2.78M -$678K -13,980 -20%
1
2
3 4 5

SHM Hedge Fund Activity: Q4 2013 in Review

158 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q4 2013, worth a combined $1.09B — up 7.9% from $1.01B a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new SHM positions and 14 closed out — a net gain of 19 holders — while 64 added to existing stakes and 36 trimmed.

The largest buyer was Spruce Investment Advisors, opening a new position worth an estimated $36.8M. The largest seller was BB&T Securities, exiting entirely with an estimated $30.5M sold.

  • 158 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q4 2013, up from 140 in Q3 2013.
  • Funds reported $1.09B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q4 2013, up 7.9% quarter-over-quarter.
  • 33 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q4 2013 and 14 closed out, a net change of +19 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q4 2013 was Spruce Investment Advisors, an estimated $36.8M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q4 2013 was BB&T Securities, an estimated $30.5M sold.

Based on aggregated 13F filings for Q4 2013.