FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
TDTT
27 hedge funds and large institutions have $376M invested in FlexShares iBoxx 3-Year Target Duration TIPS Index Fund in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 7 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
2% more capital invested
Capital invested by funds: $369M → $376M (+$6.53M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.34% less ownership
Funds ownership: 97.93% → 97.6% (-0.34%)
7% less funds holding
Funds holding: 29 → 27 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
+$59.4M |
| 2 |
VA
Valmark Advisers
Akron,
Ohio
|
+$14.4M |
| 3 |
HBT
Hills Bank & Trust
North Liberty,
Iowa
|
+$1.65M |
| 4 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
+$828K |
| 5 |
SF
Synovus Financial
Columbus,
Georgia
|
+$624K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$8.81M |
| 2 |
Morgan Stanley
New York
|
-$1.16M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$970K |
| 4 |
BCM
Bluefin Capital Management
New York
|
-$763K |
| 5 |
FBNAT
FirstMerit Bank N.A. Trustee
Akron,
Ohio
|
-$468K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $18K | – | – | – |
|
|
IFWM
27
Institute for Wealth Management
Denver,
Colorado
| $5K | – | – | – |
|
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$970K | -38,922 | Closed |
|
|
BCM
29
Bluefin Capital Management
New York
| – | -$763K | -30,600 | Closed |
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$288K | -11,567 | Closed |
|
31
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$186K | -7,463 | Closed |
|
|
DBT
32
Dubuque Bank & Trust
Dubuque,
Iowa
| – | -$26K | -1,040 | Closed |
|
|
JFGIW
33
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| – | -$22K | -875 | Closed |
|
34
Ameriprise
Minneapolis,
Minnesota
| – | -$6K | -235 | Closed |
|
TDTT Hedge Fund Activity: Q1 2014 in Review
27 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) for Q1 2014, worth a combined $376M — up 1.8% from $369M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of TDTT and 5 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 10 added.
The largest buyer was Northern Trust, adding an estimated $59.4M. The largest seller was Deutsche Bank, cutting an estimated $8.81M.
- 27 institutional investors held FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) as of Q1 2014, down from 29 in Q4 2013.
- Funds reported $376M of FlexShares iBoxx 3-Year Target Duration TIPS Index Fund stock for Q1 2014, up 1.8% quarter-over-quarter.
- 5 funds opened new FlexShares iBoxx 3-Year Target Duration TIPS Index Fund positions in Q1 2014 and 7 closed out, a net change of -2 holders.
- The largest FlexShares iBoxx 3-Year Target Duration TIPS Index Fund buyer in Q1 2014 was Northern Trust, an estimated $59.4M added.
- The largest FlexShares iBoxx 3-Year Target Duration TIPS Index Fund seller in Q1 2014 was Deutsche Bank, an estimated $8.81M sold.
Based on aggregated 13F filings for Q1 2014.