State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
111 hedge funds and large institutions have $1.64B invested in State Street SPDR Portfolio Short Term Corporate Bond ETF in 2013 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 37 increasing their positions, 38 reducing their positions, and 9 closing their positions.
167% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 9
14% more funds holding
Funds holding: 97 → 111 (+14)
3% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 38
9.21% less ownership
Funds ownership: 83.89% → 74.69% (-9.2%)
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
39% less capital invested
Capital invested by funds: $2.7B → $1.64B (-$1.06B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$44.8M |
| 2 |
Fisher Asset Management
Camas,
Washington
|
+$18.3M |
| 3 |
SCM
Saba Capital Management
New York
|
+$17.5M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$8.07M |
| 5 |
FAAM
First Allied Asset Management
San Diego,
California
|
+$6.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Windhaven Investment Management
Boston,
Massachusetts
|
-$492M |
| 2 |
Morgan Stanley
New York
|
-$25.1M |
| 3 |
Ohio Public Employees Retirement System (OPERS)
Columbus,
Ohio
|
-$23.8M |
| 4 |
LPL Financial
San Diego,
California
|
-$21.8M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$13.9M |
SPSB Hedge Fund Activity: Q4 2013 in Review
111 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio Short Term Corporate Bond ETF (SPSB) for Q4 2013, worth a combined $1.64B — down 39% from $2.7B a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new SPSB positions and 9 closed out — a net gain of 15 holders — while 37 added to existing stakes and 38 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $44.8M. The largest seller was Windhaven Investment Management, cutting an estimated $492M.
- 111 institutional investors held State Street SPDR Portfolio Short Term Corporate Bond ETF (SPSB) as of Q4 2013, up from 97 in Q3 2013.
- Funds reported $1.64B of State Street SPDR Portfolio Short Term Corporate Bond ETF stock for Q4 2013, down 39% quarter-over-quarter.
- 24 funds opened new State Street SPDR Portfolio Short Term Corporate Bond ETF positions in Q4 2013 and 9 closed out, a net change of +15 holders.
- The largest State Street SPDR Portfolio Short Term Corporate Bond ETF buyer in Q4 2013 was Manulife (Manufacturers Life Insurance), an estimated $44.8M added.
- The largest State Street SPDR Portfolio Short Term Corporate Bond ETF seller in Q4 2013 was Windhaven Investment Management, an estimated $492M sold.
Based on aggregated 13F filings for Q4 2013.