State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
115 hedge funds and large institutions have $2.33B invested in State Street SPDR Portfolio Short Term Corporate Bond ETF in 2014 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 52 increasing their positions, 27 reducing their positions, and 18 closing their positions.
93% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 27
80% more funds holding in top 10
Funds holding in top 10: 5 → 9 (+4)
68% more capital invested
Capital invested by funds: $1.39B → $2.33B (+$943M)
22% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 18
4% more funds holding
Funds holding: 111 → 115 (+4)
2.01% more ownership
Funds ownership: 74.69% → 76.69% (+2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
+$92.5M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$91.7M |
| 3 |
WIM
Windhaven Investment Management
Boston,
Massachusetts
|
+$56.7M |
| 4 |
Fisher Asset Management
Camas,
Washington
|
+$23.7M |
| 5 |
Morgan Stanley
New York
|
+$23.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$28M |
| 2 |
SCM
Saba Capital Management
New York
|
-$17.4M |
| 3 |
SI
Stephens Inc
Little Rock,
Arkansas
|
-$15.4M |
| 4 |
QA
Quantitative Advantage
Minnetonka,
Minnesota
|
-$12M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$4.76M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CNB
126
City National Bank
Beverly Hills,
California
| – | -$210K | -6,840 | Closed |
|
|
V
127
Veritable
Wilmington,
Delaware
| – | -$94K | -3,047 | Closed |
|
128
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$74K | -2,396 | Closed |
|
|
BPBT
129
Boston Private Bank & Trust
Boston,
Massachusetts
| – | -$48K | -1,553 | Closed |
|
|
FNBT
130
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$45K | -1,455 | Closed |
|
131
Citigroup
New York
| – | -$44K | -1,433 | Closed |
|
132
Invesco
Atlanta,
Georgia
| – | -$41K | -1,330 | Closed |
|
|
TWM
133
Torch Wealth Management
Cincinnati,
Ohio
| – | -$22K | -730 | Closed |
|
SPSB Hedge Fund Activity: Q1 2014 in Review
115 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio Short Term Corporate Bond ETF (SPSB) for Q1 2014, worth a combined $2.33B — up 68% from $1.39B a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new SPSB positions and 18 closed out — a net gain of 4 holders — while 52 added to existing stakes and 27 trimmed.
The largest buyer was RiverFront Investment Group, opening a new position worth an estimated $92.5M. The largest seller was LPL Financial, cutting an estimated $28M.
- 115 institutional investors held State Street SPDR Portfolio Short Term Corporate Bond ETF (SPSB) as of Q1 2014, up from 111 in Q4 2013.
- Funds reported $2.33B of State Street SPDR Portfolio Short Term Corporate Bond ETF stock for Q1 2014, up 68% quarter-over-quarter.
- 22 funds opened new State Street SPDR Portfolio Short Term Corporate Bond ETF positions in Q1 2014 and 18 closed out, a net change of +4 holders.
- The largest State Street SPDR Portfolio Short Term Corporate Bond ETF buyer in Q1 2014 was RiverFront Investment Group, an estimated $92.5M added.
- The largest State Street SPDR Portfolio Short Term Corporate Bond ETF seller in Q1 2014 was LPL Financial, an estimated $28M sold.
Based on aggregated 13F filings for Q1 2014.