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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

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

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
RFO
126
RiverGlades Family Offices
Florida
$1.96M -$165K -3,500 -8%
JP Morgan Chase
127
JP Morgan Chase
New York
$1.88M +$13.4K +284 +0.7%
MIM
128
Moseley Investment Management
Florida
$1.88M -$214K -4,532 -10%
CAMG
129
CWA Asset Management Group
Florida
$1.83M -$123K -2,611 -6%
Cerity Partners
130
Cerity Partners
New York
$1.83M +$134K +2,841 +8%
DAS
131
Dynamic Advisor Solutions
Arizona
$1.82M +$216K +4,567 +14%
APCM
132
Alaska Permanent Capital Management
Alaska
$1.81M +$101K +2,136 +6%
PFBT
133
Parkside Financial Bank & Trust
Missouri
$1.8M -$20.3K -429 -1%
HPM
134
Hoxton Planning & Management
West Virginia
$1.76M -$839K -17,768 -32%
APP
135
Avantax Planning Partners
Iowa
$1.75M +$126K +2,658 +8%
MWM
136
McNaughton Wealth Management
California
$1.73M -$246K -5,207 -13%
SHJ
137
Sharkey, Howes & Javer
Colorado
$1.72M -$2.34M -49,571 -58%
CG
138
Clifford Group
Massachusetts
$1.71M -$225K -4,774 -12%
GWSA
139
Global Wealth Strategies & Associates
Colorado
$1.68M +$212K +4,499 +15%
PPWP
140
Proquility Private Wealth Partners
Nevada
$1.66M -$1.56K -33 -0.1%
OWA
141
One Wealth Advisors
California
$1.65M -$79.1K -1,675 -5%
CB
142
CNB Bank
Pennsylvania
$1.64M -$36.3K -769 -2%
ACP
143
Aviance Capital Partners
Florida
$1.63M -$1.09K -23 -0.1%
FA
144
FC Advisory
Pennsylvania
$1.6M +$2.13K +45 +0.1%
AWM
145
AE Wealth Management
Kansas
$1.59M -$969K -20,524 -38%
RWM
146
Rockwood Wealth Management
Pennsylvania
$1.56M +$219K +4,632 +16%
1IA
147
1834 Investment Advisors
Wisconsin
$1.54M +$988K +20,917 +183%
BCG
148
Breakwater Capital Group
New Jersey
$1.53M +$145K +3,075 +11%
SF
149
Summit Financial
New Jersey
$1.51M -$1.67M -35,306 -53%
EH
150
Equitable Holdings
New York
$1.51M +$189K +4,001 +14%
4 5
6
7 8

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.