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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
CIM
51
Confluence Investment Management
Missouri
$2.58M +$862K +17,755 +50%
BPBT
52
Boston Private Bank & Trust
Massachusetts
$2.53M -$495K -10,194 -16%
Bank of New York Mellon
53
Bank of New York Mellon
New York
$2.27M +$1.51M +31,013 +198%
LTFS
54
Ladenburg Thalmann Financial Services
Florida
$2.22M +$850K +17,522 +62%
RCAG
55
Rehmann Capital Advisory Group
Michigan
$2.15M -$3.92M -80,686 -65%
ECAM
56
East Coast Asset Management
Massachusetts
$2M +$51.2K +1,055 +3%
NMIS
57
Northwestern Mutual Investment Services
Wisconsin
$1.82M +$1.82M +37,478 New
HCP
58
Holt Capital Partners
Texas
$1.79M +$1.79M +36,797 New
LYV
59
Live Your Vision
Pennsylvania
$1.7M +$656K +13,525 +63%
NPC
60
National Planning Corporation
California
$1.64M +$69.1K +1,424 +4%
DWT
61
Dorsey & Whitney Trust
South Dakota
$1.63M – – –
CFN
62
Cordasco Financial Network
Florida
$1.59M +$1.59M +32,680 New
HPC
63
HM Payson & Co
Maine
$1.54M +$74.8K +1,542 +5%
AI
64
Atria Investments
North Carolina
$1.49M +$1.49M +30,675 New
Cambridge Investment Research Advisors
65
Cambridge Investment Research Advisors
Iowa
$1.38M +$404K +8,335 +41%
BIM
66
BlackRock Investment Management
Delaware
$1.37M +$123K +2,526 +10%
IH
67
IFC Holdings
Florida
$1.32M -$18.6K -384 -1%
LG
68
Laidlaw Group
New York
$1.32M +$147K +3,023 +12%
PA
69
Pinnacle Associates
New York
$1.31M +$692K +14,252 +112%
NA
70
Nottingham Advisors
New York
$1.24M – – –
SFG
71
Sage Financial Group
Pennsylvania
$1.22M +$1.21M +25,014 New
B
72
Baird
Wisconsin
$1.21M +$352K +7,248 +41%
YP
73
Yellowstone Partners
Idaho
$1.2M +$1.2M +24,793 New
EWM
74
Empirical Wealth Management
Washington
$1.16M +$452K +9,307 +64%
HFS
75
HL Financial Services
Kentucky
$1.12M +$347K +7,141 +45%
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.