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VanEck Steel ETF
SLX

44 hedge funds and large institutions have $48.4M invested in VanEck Steel ETF in 2024 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 15 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

346% more call options, than puts

Call options by funds: $3.08M | Put options by funds: $690K

10.59% less ownership

Funds ownership: 48.71% → 38.12% (-11%)

15% less funds holding

Funds holding: 52 → 44 (-8)

23% less capital invested

Capital invested by funds: $62.9M → $48.4M (-$14.4M)

40% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 15

53% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 15

Holders
44
Holders Change
-8
Holders Change %
-15.38%
% of All Funds
0.63%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
9
Reduced
15
Closed
15
Calls
$3.08M
Puts
$690K
Net Calls
+$2.39M
Net Calls Change
+$2.26M

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$592K
2
FFA
Fortune Financial Advisors
Kansas
+$540K
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$507K
4
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$407K
5
Two Sigma Investments
Two Sigma Investments
New York
+$302K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$8.16M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.24M
3
VanEck Associates
VanEck Associates
New York
-$1.06M
4
Stifel Financial
Stifel Financial
Missouri
-$757K
5
Bank of America
Bank of America
North Carolina
-$543K
Name Holding Trade Value Shares
Change 		Change in
Stake
SPIA
26
Steward Partners Investment Advisory
New York
$294K +$284K +4,050 New
HBW
27
Hazlett, Burt & Watson
West Virginia
$248K +$233K +3,325 New
GRP
28
Global Retirement Partners
California
$134K -$7.23K -103 -5%
Qube Research & Technologies (QRT)
29
Qube Research & Technologies (QRT)
United Kingdom
$127K -$1.54K -22 -1%
CP
30
Castleview Partners
Texas
$102K +$99K +1,411 New
WAS
31
Winch Advisory Services
Wisconsin
$48.4K – – –
MIFH
32
Migdal Insurance & Financial Holdings
Israel
$47K – – –
TAM
33
Tucker Asset Management
Colorado
$37.5K – – –
Fidelity Investments
34
Fidelity Investments
Massachusetts
$30.6K +$26.2K +374 +779%
TSWM
35
Tyler-Stone Wealth Management
Ohio
$26K – – –
MWM
36
MGB Wealth Management
Texas
$13.4K – – –
PS
37
Principal Securities
Iowa
$10.9K – – –
SWA
38
SOA Wealth Advisors
New York
$10.6K – – –
Carson Wealth (CWM LLC)
39
Carson Wealth (CWM LLC)
Nebraska
$7K – – –
HI
40
Harbour Investments
Wisconsin
$5.88K – – –
FFA
41
Founders Financial Alliance
North Carolina
$3.56K +$3.44K +49 New
JP Morgan Chase
42
JP Morgan Chase
New York
$581 – – –
TRCT
43
Tower Research Capital (TRC)
New York
$73 – – –
Stifel Financial
44
Stifel Financial
Missouri
– -$757K -10,261 Closed
CFIM
45
Client First Investment Management
Wisconsin
– -$418K -5,668 Closed
Envestnet Asset Management
46
Envestnet Asset Management
Illinois
– -$391K -5,298 Closed
PMG
47
ProVise Management Group
Florida
– -$357K -4,836 Closed
AWM
48
AE Wealth Management
Kansas
– -$285K -4,075 Closed
Millennium Management
49
Millennium Management
New York
– -$292K -3,954 Closed
MML Investors Services
50
MML Investors Services
Massachusetts
– -$284K -3,848 Closed
1
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SLX Hedge Fund Activity: Q1 2024 in Review

44 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in VanEck Steel ETF (SLX) for Q1 2024, worth a combined $48.4M — down 23% from $62.9M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of SLX and 7 opened new positions — a net loss of 8 holders — while 15 trimmed existing stakes and 9 added.

The largest buyer was Royal Bank of Canada, adding an estimated $592K. The largest seller was Morgan Stanley, cutting an estimated $8.16M.

  • 44 institutional investors held VanEck Steel ETF (SLX) as of Q1 2024, down from 52 in Q4 2023.
  • Funds reported $48.4M of VanEck Steel ETF stock for Q1 2024, down 23% quarter-over-quarter.
  • 7 funds opened new VanEck Steel ETF positions in Q1 2024 and 15 closed out, a net change of -8 holders.
  • The largest VanEck Steel ETF buyer in Q1 2024 was Royal Bank of Canada, an estimated $592K added.
  • The largest VanEck Steel ETF seller in Q1 2024 was Morgan Stanley, an estimated $8.16M sold.

Based on aggregated 13F filings for Q1 2024.