State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
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.
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: 209 → 227 (+18)
7% more capital invested
Capital invested by funds: $1.45B → $1.55B (+$94.9M)
0.7% more ownership
Funds ownership: 26.71% → 27.41% (+0.7%)
9% less funds holding in top 10
Funds holding in top 10: 11 → 10 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
+$24.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$22.3M |
| 3 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$10.1M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$8.45M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
Bailard
Foster City,
California
|
-$19.8M |
| 2 |
GC
Gratus Capital
Atlanta,
Georgia
|
-$9.74M |
| 3 |
SI
SII Investments
Appleton,
Wisconsin
|
-$7.19M |
| 4 |
FC
Financial Consulate
Hunt Valley,
Maryland
|
-$5.68M |
| 5 |
Barclays
London,
United Kingdom
|
-$4.33M |
SHM Hedge Fund Activity: Q4 2015 in Review
227 of the 3,824 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.