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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM

168 hedge funds and large institutions have $1.11B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2014 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 68 increasing their positions, 51 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 11

38% more funds holding in top 10

Funds holding in top 10: 8 → 11 (+3)

33% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 51

6% more funds holding

Funds holding: 158 → 168 (+10)

2% more capital invested

Capital invested by funds: $1.09B → $1.11B (+$17.5M)

0.37% less ownership

Funds ownership: 25.49% → 25.12% (-0.37%)

Holders
168
Holders Change
+10
Holders Change %
+6.33%
% of All Funds
4.85%
Holding in Top 10
11
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+37.5%
% of All Funds
0.32%
New
22
Increased
68
Reduced
51
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SGCA
Steel Grove Capital Advisors
Tennessee
+$13.1M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$7.43M
3
PL
Plancorp LLC
Missouri
+$6.98M
4
Morgan Stanley
Morgan Stanley
New York
+$6.53M
5
BCM
Bluefin Capital Management
New York
+$6.09M

Top Sellers

Rank Fund Capital Flow
1
SIA
Spruce Investment Advisors
Connecticut
-$36.5M
2
Bank of America
Bank of America
North Carolina
-$13M
3
WCM
Windham Capital Management
Massachusetts
-$5.77M
4
AL
Aspiriant LLC
California
-$3.04M
5
Goldman Sachs
Goldman Sachs
New York
-$2.96M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
26
Northwestern Mutual Wealth Management
Wisconsin
$10M +$2.7M +55,394 +37%
FF
27
Friedenthal Financial
New Jersey
$8.56M +$4.84M +99,441 +2,392%
CS
28
Credit Suisse
Switzerland
$8.41M -$730K -15,000 -8%
CCG
29
Chatham Capital Group
Georgia
$8.04M -$199K -4,098 -2%
CCWA
30
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$7.43M +$1.02M +21,023 +16%
HighTower Advisors
31
HighTower Advisors
Illinois
$7.35M +$236K +4,842 +3%
3AM
32
3D Asset Management
Connecticut
$7.13M +$762K +15,650 +12%
PL
33
Plancorp LLC
Missouri
$6.96M +$6.98M +143,455 New
Barclays
34
Barclays
United Kingdom
$6.71M +$670K +13,765 +11%
TFA
35
Transamerica Financial Advisors
Florida
$6.25M +$68.2K +1,401 +1%
BCM
36
Bluefin Capital Management
New York
$6.1M +$6.09M +125,205 New
Stifel Financial
37
Stifel Financial
Missouri
$5.61M +$5.62M +115,529 New
LPL Financial
38
LPL Financial
California
$5.35M +$674K +13,846 +14%
APCM
39
Alaska Permanent Capital Management
Alaska
$5.06M +$139K +2,846 +3%
LIM
40
Leavell Investment Management
Alabama
$4.58M – – –
PA
41
Parkside Advisors
California
$4.46M +$282K +5,784 +7%
PAG
42
Pinnacle Advisory Group
Maryland
$4.4M +$4.41M +90,625 New
JIR
43
James Investment Research
Ohio
$4.33M – – –
LWM
44
LBA Wealth Management
Florida
$3.93M +$97.4K +2,000 +3%
BIT
45
BlackRock Institutional Trust
California
$3.62M +$250K +5,133 +7%
CC
46
Curian Capital
Colorado
$3.54M -$1.09M -22,450 -24%
MNA
47
Manning & Napier Advisors
New York
$3.47M – – –
FIM
48
Freedom Investment Management
Connecticut
$3.17M +$146K +3,000 +5%
First Trust Advisors
49
First Trust Advisors
Illinois
$3.15M -$83.1K -1,708 -3%
Millennium Management
50
Millennium Management
New York
$2.99M -$1.8K -37 -0.1%
1
2
3 4 5

SHM Hedge Fund Activity: Q1 2014 in Review

168 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q1 2014, worth a combined $1.11B — up 1.6% from $1.09B a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new SHM positions and 11 closed out — a net gain of 11 holders — while 68 added to existing stakes and 51 trimmed.

The largest buyer was Steel Grove Capital Advisors, opening a new position worth an estimated $13.1M. The largest seller was Spruce Investment Advisors, cutting an estimated $36.5M.

  • 168 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q1 2014, up from 158 in Q4 2013.
  • Funds reported $1.11B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q1 2014, up 1.6% quarter-over-quarter.
  • 22 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q1 2014 and 11 closed out, a net change of +11 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q1 2014 was Steel Grove Capital Advisors, an estimated $13.1M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q1 2014 was Spruce Investment Advisors, an estimated $36.5M sold.

Based on aggregated 13F filings for Q1 2014.