iShares US Tech Breakthrough Multisector ETF
TECB
38 hedge funds and large institutions have $348M invested in iShares US Tech Breakthrough Multisector ETF in 2023 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
23% more funds holding
Funds holding: 31 → 38 (+7)
5% more capital invested
Capital invested by funds: $331M → $348M (+$16.8M)
3.43% less ownership
Funds ownership: 91.92% → 88.49% (-3.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.95M |
| 2 |
Goldman Sachs
New York
|
+$1.73M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.49M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.18M |
| 5 |
LPL Financial
San Diego,
California
|
+$674K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Financial Engines Advisors
Santa Clara,
California
|
-$33.8M |
| 2 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$973K |
| 3 |
SSWM
Sheets Smith Wealth Management
Winston-Salem,
North Carolina
|
-$262K |
| 4 |
PFM
Phillips Financial Management
Fort Wayne,
Indiana
|
-$87.4K |
| 5 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$81.9K |
TECB Hedge Fund Activity: Q2 2023 in Review
38 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in iShares US Tech Breakthrough Multisector ETF (TECB) for Q2 2023, worth a combined $348M — up 5.1% from $331M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new TECB positions and 4 closed out — a net gain of 7 holders — while 11 added to existing stakes and 8 trimmed.
The largest buyer was Bank of America, adding an estimated $1.95M. The largest seller was Financial Engines Advisors, cutting an estimated $33.8M.
- 38 institutional investors held iShares US Tech Breakthrough Multisector ETF (TECB) as of Q2 2023, up from 31 in Q1 2023.
- Funds reported $348M of iShares US Tech Breakthrough Multisector ETF stock for Q2 2023, up 5.1% quarter-over-quarter.
- 11 funds opened new iShares US Tech Breakthrough Multisector ETF positions in Q2 2023 and 4 closed out, a net change of +7 holders.
- The largest iShares US Tech Breakthrough Multisector ETF buyer in Q2 2023 was Bank of America, an estimated $1.95M added.
- The largest iShares US Tech Breakthrough Multisector ETF seller in Q2 2023 was Financial Engines Advisors, an estimated $33.8M sold.
Based on aggregated 13F filings for Q2 2023.