FlexShares Credit-Scored US Corporate Bond Index Fund
SKOR
33 hedge funds and large institutions have $228M invested in FlexShares Credit-Scored US Corporate Bond Index Fund in 2023 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 7 reducing their positions, and 9 closing their positions.
86% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 7
18% more capital invested
Capital invested by funds: $193M → $228M (+$35.6M)
1.97% more ownership
Funds ownership: 81.49% → 83.46% (+2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 36 → 33 (-3)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cerity Partners
New York
|
+$30.3M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$4.38M |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$1.86M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.7M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CNBT
Cornerstone National Bank & Trust
Palatine,
Illinois
|
-$966K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$893K |
| 3 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$793K |
| 4 |
TC
Trilogy Capital
Irvine,
California
|
-$367K |
| 5 |
WSTAM
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
|
-$303K |
SKOR Hedge Fund Activity: Q3 2023 in Review
33 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) for Q3 2023, worth a combined $228M — up 18% from $193M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of SKOR and 6 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 13 added.
The largest buyer was Cerity Partners, adding an estimated $30.3M. The largest seller was Cornerstone National Bank & Trust, cutting an estimated $966K.
- 33 institutional investors held FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) as of Q3 2023, down from 36 in Q2 2023.
- Funds reported $228M of FlexShares Credit-Scored US Corporate Bond Index Fund stock for Q3 2023, up 18% quarter-over-quarter.
- 6 funds opened new FlexShares Credit-Scored US Corporate Bond Index Fund positions in Q3 2023 and 9 closed out, a net change of -3 holders.
- The largest FlexShares Credit-Scored US Corporate Bond Index Fund buyer in Q3 2023 was Cerity Partners, an estimated $30.3M added.
- The largest FlexShares Credit-Scored US Corporate Bond Index Fund seller in Q3 2023 was Cornerstone National Bank & Trust, an estimated $966K sold.
Based on aggregated 13F filings for Q3 2023.