FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
TDTT
44 hedge funds and large institutions have $274M invested in FlexShares iBoxx 3-Year Target Duration TIPS Index Fund in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 8 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
0.19% less ownership
Funds ownership: 96.22% → 96.02% (-0.19%)
6% less funds holding
Funds holding: 47 → 44 (-3)
13% less capital invested
Capital invested by funds: $315M → $274M (-$40.8M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$6.42M |
| 2 |
NB
Nicolet Bankshares
Green Bay,
Wisconsin
|
+$2.15M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.05M |
| 4 |
Jane Street
New York
|
+$667K |
| 5 |
Bank of New York Mellon
New York
|
+$367K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VA
Valmark Advisers
Akron,
Ohio
|
-$41.3M |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$4.64M |
| 3 |
TAT
TD Ameritrade Trust
Denver,
Colorado
|
-$2.88M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.32M |
| 5 |
FBNAT
FirstMerit Bank N.A. Trustee
Akron,
Ohio
|
-$1.71M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$9K | -358 | Closed |
|
TDTT Hedge Fund Activity: Q2 2016 in Review
44 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) for Q2 2016, worth a combined $274M — down 13% from $315M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of TDTT and 5 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 17 added.
The largest buyer was Royal Bank of Canada, adding an estimated $6.42M. The largest seller was Valmark Advisers, cutting an estimated $41.3M.
- 44 institutional investors held FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) as of Q2 2016, down from 47 in Q1 2016.
- Funds reported $274M of FlexShares iBoxx 3-Year Target Duration TIPS Index Fund stock for Q2 2016, down 13% quarter-over-quarter.
- 5 funds opened new FlexShares iBoxx 3-Year Target Duration TIPS Index Fund positions in Q2 2016 and 8 closed out, a net change of -3 holders.
- The largest FlexShares iBoxx 3-Year Target Duration TIPS Index Fund buyer in Q2 2016 was Royal Bank of Canada, an estimated $6.42M added.
- The largest FlexShares iBoxx 3-Year Target Duration TIPS Index Fund seller in Q2 2016 was Valmark Advisers, an estimated $41.3M sold.
Based on aggregated 13F filings for Q2 2016.