VanEck Semiconductor ETF
SMH
46 hedge funds and large institutions have $613M invested in VanEck Semiconductor ETF in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 23 reducing their positions, and 19 closing their positions.
23% less funds holding
Funds holding: 60 → 46 (-14)
25% less capital invested
Capital invested by funds: $821M → $613M (-$208M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
52% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 23
74% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 19
87% less call options, than puts
Call options by funds: $24.3M | Put options by funds: $183M
144.98% less ownership
Funds ownership: 563.25% → 418.26% (-145%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$36.4M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$22.5M |
| 3 |
JP Morgan Chase
New York
|
+$7.94M |
| 4 |
LA
Leonetti & Associates
Buffalo Grove,
Illinois
|
+$6.55M |
| 5 |
Morgan Stanley
New York
|
+$6.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$101M |
| 2 |
Goldman Sachs
New York
|
-$88.8M |
| 3 |
SMM
Stadion Money Management
Watkinsville,
Georgia
|
-$13.8M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$13M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$11.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Millennium Management
New York
| – | -$2.24M | -83,944 | Closed |
|
|
CCA
52
Cobblestone Capital Advisors
Rochester,
New York
| – | -$2.03M | -76,340 | Closed |
|
53
Ameriprise
Minneapolis,
Minnesota
| – | -$1.61M | -60,428 | Closed |
|
54
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$799K | -30,000 | Closed |
|
|
PP
55
PDT Partners
New York
| – | -$634K | -23,800 | Closed |
|
|
NCM
56
Niemann Capital Management
Stateline,
Nevada
| – | -$279K | -10,482 | Closed |
|
|
AGM
57
Alpine Global Management
New York
| – | -$254K | -9,518 | Closed |
|
|
WIC
58
Woodmont Investment Counsel
Nashville,
Tennessee
| – | -$194K | -7,300 | Closed |
|
59
Envestnet Asset Management
Chicago,
Illinois
| – | -$108K | -4,058 | Closed |
|
|
CCS
60
Crosspoint Capital Strategies
Orinda,
California
| – | -$82K | -3,014 | Closed |
|
|
ACM
61
Argentus Capital Management
Dallas,
Texas
| – | -$52K | -1,934 | Closed |
|
|
ST
62
Spot Trading
Chicago,
Illinois
| – | -$10.5K | -416 | Closed |
|
63
BlackRock
New York
| – | -$6K | -236 | Closed |
|
|
ASN
64
Advisory Services Network
Atlanta,
Georgia
| – | -$5K | -190 | Closed |
|
SMH Hedge Fund Activity: Q1 2016 in Review
46 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in VanEck Semiconductor ETF (SMH) for Q1 2016, worth a combined $613M — down 25% from $821M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of SMH and 5 opened new positions — a net loss of 14 holders — while 23 trimmed existing stakes and 11 added.
The largest buyer was Citigroup, adding an estimated $36.4M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $101M.
- 46 institutional investors held VanEck Semiconductor ETF (SMH) as of Q1 2016, down from 60 in Q4 2015.
- Funds reported $613M of VanEck Semiconductor ETF stock for Q1 2016, down 25% quarter-over-quarter.
- 5 funds opened new VanEck Semiconductor ETF positions in Q1 2016 and 19 closed out, a net change of -14 holders.
- The largest VanEck Semiconductor ETF buyer in Q1 2016 was Citigroup, an estimated $36.4M added.
- The largest VanEck Semiconductor ETF seller in Q1 2016 was BNP Paribas Financial Markets, an estimated $101M sold.
Based on aggregated 13F filings for Q1 2016.