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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM

140 hedge funds and large institutions have $1.01B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2013 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 48 increasing their positions, 45 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 8

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

9% more capital invested

Capital invested by funds: $923M → $1.01B (+$85.7M)

4% more funds holding

Funds holding: 135 → 140 (+5)

7% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 45

0.98% more ownership

Funds ownership: 22.97% → 23.95% (+0.98%)

Holders
140
Holders Change
+5
Holders Change %
+3.7%
% of All Funds
4.54%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.26%
New
15
Increased
48
Reduced
45
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$12.5M
2
Bank of America
Bank of America
North Carolina
+$12.1M
3
BCI
Brinker Capital Investments
Pennsylvania
+$10.9M
4
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
+$7.88M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$4.74M

Top Sellers

1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$8.38M
2
LIM
Leavell Investment Management
Alabama
-$7.38M
3
Goldman Sachs
Goldman Sachs
New York
-$6.12M
4
SI
SII Investments
Wisconsin
-$2.14M
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$208M +$12.1M +252,361 +6%
PNC Financial Services Group
2
PNC Financial Services Group
Pennsylvania
$92.1M -$8.38M -174,206 -8%
Morgan Stanley
3
Morgan Stanley
New York
$87.7M +$12.5M +260,200 +17%
U
4
UBS
Switzerland
$39.9M +$2.73M +56,636 +7%
KIM
5
Karpus Investment Management
New York
$30.9M +$2.91M +60,364 +10%
USAA
6
United Services Automobile Association
Texas
$30.8M +$1.61M +33,467 +6%
BTS
7
BB&T Securities
Virginia
$30.5M +$2.22M +46,169 +274%
Commonwealth Equity Services
8
Commonwealth Equity Services
Massachusetts
$27.5M -$1.89M -39,341 -6%
Envestnet Asset Management
9
Envestnet Asset Management
Illinois
$26.8M +$4.74M +98,519 +22%
Lazard Asset Management
10
Lazard Asset Management
New York
$25.8M – – –
GA
11
Gateway Advisory
New Jersey
$25.2M -$508K -10,550 -2%
Wells Fargo
12
Wells Fargo
California
$22.4M -$492K -10,216 -2%
Citigroup
13
Citigroup
New York
$21.7M -$1.15M -23,818 -5%
AssetMark Inc
14
AssetMark Inc
California
$20.4M +$20.2M +420,359 New
WCM
15
Windham Capital Management
Massachusetts
$18.9M -$71.9K -1,494 -0.4%
Bank of Montreal
16
Bank of Montreal
Ontario, Canada
$16.4M -$438K -9,108 -3%
B
17
Bailard
California
$15.4M +$1.41M +29,246 +10%
AT
18
Arden Trust
Delaware
$13.4M +$971K +20,177 +8%
BCI
19
Brinker Capital Investments
Pennsylvania
$13.2M +$10.9M +225,562 +487%
ST
20
Smithfield Trust
Pennsylvania
$12.3M -$321K -6,661 -3%
RJA
21
Raymond James & Associates
Florida
$11.4M +$803K +16,684 +8%
SCA
22
STALEY CAPITAL ADVISERS
Pennsylvania
$10.6M +$616K +12,800 +6%
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$10.1M +$475K +9,859 +5%
CHA
24
Cedar Hill Associates
Illinois
$9.56M -$568K -11,810 -6%
CS
25
Credit Suisse
Switzerland
$8.98M +$2.48M +51,556 +38%
1
2 3 4 5

SHM Hedge Fund Activity: Q3 2013 in Review

140 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q3 2013, worth a combined $1.01B — up 9.3% from $923M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new SHM positions and 8 closed out — a net gain of 7 holders — while 48 added to existing stakes and 45 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $12.5M. The largest seller was PNC Financial Services Group, cutting an estimated $8.38M.

  • 140 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q3 2013, up from 135 in Q2 2013.
  • Funds reported $1.01B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q3 2013, up 9.3% quarter-over-quarter.
  • 15 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q3 2013 and 8 closed out, a net change of +7 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q3 2013 was Morgan Stanley, an estimated $12.5M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q3 2013 was PNC Financial Services Group, an estimated $8.38M sold.

Based on aggregated 13F filings for Q3 2013.