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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$592K |
| 2 |
FFA
Fortune Financial Advisors
Overland Park,
Kansas
|
+$540K |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$507K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$407K |
| 5 |
Two Sigma Investments
New York
|
+$302K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$8.16M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.24M |
| 3 |
VanEck Associates
New York
|
-$1.06M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$757K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$543K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Marshall Wace
London,
United Kingdom
| – | -$234K | -3,166 | Closed |
|
|
PTC
52
Private Trust Company
Cleveland,
Ohio
| – | -$106K | -1,436 | Closed |
|
53
Simplex Trading
Chicago,
Illinois
| – | -$104K | -1,421 | Closed |
|
|
VNA
54
Valley National Advisers
Bethlehem,
Pennsylvania
| – | -$75K | -1,028 | Closed |
|
|
USGIU
55
U.S. Global Investors (USGI)
San Antonio,
Texas
| – | -$36.9K | -500 | Closed |
|
|
BWM
56
BKM Wealth Management
Brookfield,
Wisconsin
| – | -$14.8K | -200 | Closed |
|
|
CIAS
57
Capital Investment Advisory Services
Raleigh,
North Carolina
| – | -$2.21K | -30 | Closed |
|
|
CG
58
Cutler Group
San Francisco,
California
| – | -$1K | -20 | Closed |
|
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.