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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
Ameriprise
51
Ameriprise
Minnesota
$2.99M +$216K +4,436 +8%
CIM
52
Confluence Investment Management
Missouri
$2.89M +$311K +6,389 +12%
UCFA
53
United Capital Financial Advisors
Texas
$2.85M +$2.52M +51,694 +726%
DADC
54
D.A. Davidson & Co
Montana
$2.82M -$24.3K -500 -0.9%
GLA
55
Great Lakes Advisors
Illinois
$2.76M +$2.77M +56,940 New
NMIS
56
Northwestern Mutual Investment Services
Wisconsin
$2.46M +$644K +13,222 +35%
LTFS
57
Ladenburg Thalmann Financial Services
Florida
$2.18M -$36.3K -746 -2%
GF
58
Gerstein Fisher
New York
$2.1M -$1.37M -28,107 -39%
IPC
59
Independent Portfolio Consultants
Florida
$2.07M +$2.08M +42,680 New
LG
60
Laidlaw Group
New York
$2.05M +$733K +15,062 +55%
LYV
61
Live Your Vision
Pennsylvania
$1.98M +$278K +5,721 +16%
HCP
62
Holt Capital Partners
Texas
$1.95M +$168K +3,450 +9%
Goldman Sachs
63
Goldman Sachs
New York
$1.94M -$2.96M -60,750 -60%
RCAG
64
Rehmann Capital Advisory Group
Michigan
$1.9M -$248K -5,094 -12%
ECAM
65
East Coast Asset Management
Massachusetts
$1.74M -$256K -5,257 -13%
BPBT
66
Boston Private Bank & Trust
Massachusetts
$1.71M -$823K -16,900 -32%
Susquehanna International Group
67
Susquehanna International Group
Pennsylvania
$1.7M +$1.7M +35,004 New
AI
68
Atria Investments
North Carolina
$1.67M +$180K +3,688 +12%
HPC
69
HM Payson & Co
Maine
$1.63M +$92.2K +1,894 +6%
Bank of New York Mellon
70
Bank of New York Mellon
New York
$1.44M -$826K -16,973 -36%
Janney Montgomery Scott
71
Janney Montgomery Scott
Pennsylvania
$1.42M +$710K +14,595 +100%
PA
72
Pinnacle Associates
New York
$1.4M +$84.6K +1,738 +6%
LPT
73
Legacy Private Trust
Wisconsin
$1.35M +$1.35M +27,750 New
BIM
74
BlackRock Investment Management
Delaware
$1.24M -$132K -2,713 -10%
NA
75
Nottingham Advisors
New York
$1.23M +$49 +1 +0%
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.