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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF

227 hedge funds and large institutions have $1.55B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2015 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 94 increasing their positions, 62 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

105% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 19

52% more repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 62

9% more funds holding

Funds holding: 209227 (+18)

7% more capital invested

Capital invested by funds: $1.45B → $1.55B (+$94.8M)

0.7% more ownership

Funds ownership: 26.71%27.41% (+0.7%)

9% less funds holding in top 10

Funds holding in top 10: 1110 (-1)

Holders
227
Holders Change
+18
Holders Change %
+8.61%
% of All Funds
5.95%
Holding in Top 10
10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-9.09%
% of All Funds
0.26%
New
39
Increased
94
Reduced
62
Closed
19
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$348M +$22.3M +458,056 +7%
PNC Financial Services Group
2
PNC Financial Services Group
Pennsylvania
$150M -$194K -3,989 -0.1%
Morgan Stanley
3
Morgan Stanley
New York
$111M +$1.03M +21,213 +0.9%
UBS Group
4
UBS Group
Switzerland
$84.1M +$8.45M +173,381 +11%
Commonwealth Equity Services
5
Commonwealth Equity Services
Massachusetts
$49.4M +$4.56M +93,539 +10%
Envestnet Asset Management
6
Envestnet Asset Management
Illinois
$47.8M +$3.98M +81,681 +9%
Lazard Asset Management
7
Lazard Asset Management
New York
$41.6M
RJA
8
Raymond James & Associates
Florida
$38.9M +$4.71M +96,752 +14%
USAA
9
United Services Automobile Association
Texas
$32.2M +$841K +17,255 +3%
BC
10
Brinker Capital
Pennsylvania
$25.9M +$24.7M +506,717 +2,118%
Wells Fargo
11
Wells Fargo
California
$25.6M +$57.5K +1,180 +0.2%
GA
12
Gateway Advisory
New Jersey
$23.8M -$130K -2,674 -0.5%
Northwestern Mutual Wealth Management
13
Northwestern Mutual Wealth Management
Wisconsin
$22.6M +$4.67M +95,870 +26%
KIM
14
Karpus Investment Management
New York
$21.1M +$7.13M +146,393 +51%
Kayne Anderson Rudnick Investment Management
15
Kayne Anderson Rudnick Investment Management
California
$21M +$10.1M +207,834 +93%
AssetMark Inc
16
AssetMark Inc
California
$20.3M +$1.36M +27,993 +7%
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$20.2M +$1M +20,617 +5%
Citigroup
18
Citigroup
New York
$18.2M -$208K -4,276 -1%
CHA
19
Cedar Hill Associates
Illinois
$17.9M -$1.03M -21,070 -5%
CCG
20
Chatham Capital Group
Georgia
$17.3M +$505K +10,363 +3%
CAG
21
Crestwood Advisors Group
Massachusetts
$15.4M -$1.22M -25,011 -7%
BCI
22
Brinker Capital Investments
Pennsylvania
$14.9M +$2.88M +59,193 +24%
Bank of Montreal
23
Bank of Montreal
Ontario, Canada
$14.3M +$695K +14,275 +5%
ST
24
Smithfield Trust
Pennsylvania
$13.5M +$421K +8,642 +3%
CAM
25
Caprin Asset Management
Virginia
$13.5M +$13.5M +276,224 New

SHM Hedge Fund Activity: Q4 2015 in Review

227 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q4 2015, worth a combined $1.55B — up 6.5% from $1.45B a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new SHM positions and 19 closed out — a net gain of 20 holders — while 94 added to existing stakes and 62 trimmed.

The largest buyer was Brinker Capital, adding an estimated $24.7M. The largest seller was Bailard, exiting entirely with an estimated $19.8M sold.

  • 227 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q4 2015, up from 209 in Q3 2015.
  • Funds reported $1.55B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q4 2015, up 6.5% quarter-over-quarter.
  • 39 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q4 2015 and 19 closed out, a net change of +20 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q4 2015 was Brinker Capital, an estimated $24.7M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q4 2015 was Bailard, an estimated $19.8M sold.

Based on aggregated 13F filings for Q4 2015.