FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
TDTT
23 hedge funds and large institutions have $333M invested in FlexShares iBoxx 3-Year Target Duration TIPS Index Fund in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 5 reducing their positions, and 4 closing their positions.
140% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 5
9% more capital invested
Capital invested by funds: $305M → $333M (+$28M)
1% more ownership
Funds ownership: 97.03% → 98.02% (+1%)
4% less funds holding
Funds holding: 24 → 23 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
+$167M |
| 2 |
VA
Valmark Advisers
Akron,
Ohio
|
+$15.7M |
| 3 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
+$6.17M |
| 4 |
WTIM
Wilmington Trust Investment Management
Wilmington,
Delaware
|
+$4.01M |
| 5 |
FBNAT
FirstMerit Bank N.A. Trustee
Akron,
Ohio
|
+$2.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$6.22M |
| 2 |
TAT
TD Ameritrade Trust
Denver,
Colorado
|
-$627K |
| 3 |
IFA
Interactive Financial Advisors
New Lenox,
Illinois
|
-$601K |
| 4 |
FNBT
FineMark National Bank & Trust
Fort Myers,
Florida
|
-$211K |
| 5 |
U
UBS
Zurich,
Switzerland
|
-$66.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$45K | -1,828 | Closed |
|
27
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$12K | -497 | Closed |
|
TDTT Hedge Fund Activity: Q3 2013 in Review
23 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) for Q3 2013, worth a combined $333M — up 9.2% from $305M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of TDTT and 3 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 12 added.
The largest buyer was Northern Trust, adding an estimated $167M. The largest seller was Jane Street, exiting entirely with an estimated $6.22M sold.
- 23 institutional investors held FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) as of Q3 2013, down from 24 in Q2 2013.
- Funds reported $333M of FlexShares iBoxx 3-Year Target Duration TIPS Index Fund stock for Q3 2013, up 9.2% quarter-over-quarter.
- 3 funds opened new FlexShares iBoxx 3-Year Target Duration TIPS Index Fund positions in Q3 2013 and 4 closed out, a net change of -1 holder.
- The largest FlexShares iBoxx 3-Year Target Duration TIPS Index Fund buyer in Q3 2013 was Northern Trust, an estimated $167M added.
- The largest FlexShares iBoxx 3-Year Target Duration TIPS Index Fund seller in Q3 2013 was Jane Street, an estimated $6.22M sold.
Based on aggregated 13F filings for Q3 2013.