VanEck Steel ETF
SLX
43 hedge funds and large institutions have $81.5M invested in VanEck Steel ETF in 2017 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 12 closing their positions.
28% more call options, than puts
Call options by funds: $1.53M | Put options by funds: $1.2M
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 13
7% less funds holding
Funds holding: 46 → 43 (-3)
9.26% less ownership
Funds ownership: 51.22% → 41.96% (-9.3%)
10% less capital invested
Capital invested by funds: $90.2M → $81.5M (-$8.69M)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Credit Agricole
Montrouge Cedex,
France
|
+$2M |
| 2 |
Morgan Stanley
New York
|
+$1.91M |
| 3 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$1.67M |
| 4 |
VF
Virtu Financial
New York
|
+$1.52M |
| 5 |
TPWA
TRUE Private Wealth Advisors
Salem,
Oregon
|
+$1.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$7.56M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$5.21M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$5.2M |
| 4 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
-$2.31M |
| 5 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
-$2.26M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CG
51
Cutler Group
San Francisco,
California
| – | -$30.3K | -726 | Closed |
|
|
WEC
52
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$3.78K | -100 | Closed |
|
53
US Bancorp
Minneapolis,
Minnesota
| – | -$3K | -71 | Closed |
|
54
AssetMark Inc
Concord,
California
| – | -$1K | -32 | Closed |
|
SLX Hedge Fund Activity: Q1 2017 in Review
43 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in VanEck Steel ETF (SLX) for Q1 2017, worth a combined $81.5M — down 9.6% from $90.2M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of SLX and 10 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 12 added.
The largest buyer was Credit Agricole, opening a new position worth an estimated $2M. The largest seller was Credit Suisse, exiting entirely with an estimated $7.56M sold.
- 43 institutional investors held VanEck Steel ETF (SLX) as of Q1 2017, down from 46 in Q4 2016.
- Funds reported $81.5M of VanEck Steel ETF stock for Q1 2017, down 9.6% quarter-over-quarter.
- 10 funds opened new VanEck Steel ETF positions in Q1 2017 and 12 closed out, a net change of -2 holders.
- The largest VanEck Steel ETF buyer in Q1 2017 was Credit Agricole, an estimated $2M added.
- The largest VanEck Steel ETF seller in Q1 2017 was Credit Suisse, an estimated $7.56M sold.
Based on aggregated 13F filings for Q1 2017.