State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SGCA
Steel Grove Capital Advisors
Memphis,
Tennessee
|
+$13.1M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$7.43M |
| 3 |
PL
Plancorp LLC
Saint Louis,
Missouri
|
+$6.98M |
| 4 |
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
Stamford,
Connecticut
|
-$36.5M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$13M |
| 3 |
WCM
Windham Capital Management
Boston,
Massachusetts
|
-$5.77M |
| 4 |
AL
Aspiriant LLC
Los Angeles,
California
|
-$3.04M |
| 5 |
Goldman Sachs
New York
|
-$2.96M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Jane Street
New York
| – | -$550K | -11,320 | Closed |
|
|
SCA
177
Salient Capital Advisors
Houston,
Texas
| – | -$548K | -11,273 | Closed |
|
|
LNWWM
178
Laird Norton Wetherby Wealth Management
San Francisco,
California
| – | -$482K | -9,914 | Closed |
|
|
CP
179
Corbenic Partners
Bethlehem,
Pennsylvania
| – | -$170K | -3,500 | Closed |
|
|
NEAM
180
New England Asset Management
Farmington,
Connecticut
| – | -$148K | -3,050 | Closed |
|
|
NC
181
NewSquare Capital
Newtown Square,
Pennsylvania
| – | -$37K | -763 | Closed |
|
|
PFO
182
Pathstone Family Office
Englewood,
New Jersey
| – | -$4K | -100 | Closed |
|
|
JG
183
Jefferies Group
New York
| – | -$1K | -20 | Closed |
|
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.