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VanEck Steel ETF
SLX

29 hedge funds and large institutions have $35M invested in VanEck Steel ETF in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 13 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more call options, than puts

Call options by funds: $744K | Put options by funds: $549K

3.84% less ownership

Funds ownership: 38.82% → 34.98% (-3.8%)

19% less funds holding

Funds holding: 36 → 29 (-7)

41% less capital invested

Capital invested by funds: $59.7M → $35M (-$24.7M)

54% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 13

58% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 12

Holders
29
Holders Change
-7
Holders Change %
-19.44%
% of All Funds
0.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
6
Reduced
13
Closed
12
Calls
$744K
Puts
$549K
Net Calls
+$195K
Net Calls Change
-$148K

Top Buyers

Rank Fund Capital Flow
1
CS
Credit Suisse
Switzerland
+$1.45M
2
LPL Financial
LPL Financial
California
+$991K
3
VKH
Virtu KCG Holdings
New York
+$887K
4
Goldman Sachs
Goldman Sachs
New York
+$730K
5
PI
Placemark Investments
Illinois
+$729K

Top Sellers

Rank Fund Capital Flow
1
PAG
Pinnacle Advisory Group
Maryland
-$7.09M
2
Citigroup
Citigroup
New York
-$4.58M
3
BTS
BB&T Securities
Virginia
-$3.53M
4
Wells Fargo
Wells Fargo
California
-$3.49M
5
Morgan Stanley
Morgan Stanley
New York
-$1.44M
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
26
Winfield Associates
Ohio
$9K – – –
Canada Life
27
Canada Life
Manitoba, Canada
$5K – – –
WEC
28
Winslow Evans & Crocker
Massachusetts
$2.33K – – –
Envestnet Asset Management
29
Envestnet Asset Management
Illinois
$2K – – –
PAG
30
Pinnacle Advisory Group
Maryland
– -$7.09M -132,409 Closed
SWM
31
Strategic Wealth Management
Washington
– -$1.24M -25,000 Closed
OC
32
Oppenheimer & Co
New York
– -$997K -20,053 Closed
MWM
33
Merriman Wealth Management
Washington
– -$418K -8,400 Closed
BTS
34
BB&T Securities
Virginia
– -$3.53M -7,095 Closed
PG
35
PEAK6 Group
Illinois
– -$264K -5,300 Closed
SHWM
36
Smith & Howard Wealth Management
Georgia
– -$124K -2,500 Closed
TFA
37
Transamerica Financial Advisors
Florida
– -$109K -2,175 Closed
DBT
38
Dubuque Bank & Trust
Iowa
– -$31K -625 Closed
ASN
39
Advisory Services Network
Georgia
– -$9K -178 Closed
Deutsche Bank
40
Deutsche Bank
Germany
– -$4K -100 Closed
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
– -$3K -52 Closed
1
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SLX Hedge Fund Activity: Q1 2014 in Review

29 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in VanEck Steel ETF (SLX) for Q1 2014, worth a combined $35M — down 41% from $59.7M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of SLX and 5 opened new positions — a net loss of 7 holders — while 13 trimmed existing stakes and 6 added.

The largest buyer was Credit Suisse, adding an estimated $1.45M. The largest seller was Pinnacle Advisory Group, exiting entirely with an estimated $7.09M sold.

  • 29 institutional investors held VanEck Steel ETF (SLX) as of Q1 2014, down from 36 in Q4 2013.
  • Funds reported $35M of VanEck Steel ETF stock for Q1 2014, down 41% quarter-over-quarter.
  • 5 funds opened new VanEck Steel ETF positions in Q1 2014 and 12 closed out, a net change of -7 holders.
  • The largest VanEck Steel ETF buyer in Q1 2014 was Credit Suisse, an estimated $1.45M added.
  • The largest VanEck Steel ETF seller in Q1 2014 was Pinnacle Advisory Group, an estimated $7.09M sold.

Based on aggregated 13F filings for Q1 2014.