State Street SPDR Nuveen ICE Municipal Bond ETF
140 hedge funds and large institutions have $1.06B invested in State Street SPDR Nuveen ICE Municipal Bond ETF in 2016 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 64 increasing their positions, 47 reducing their positions, and 29 closing their positions.
43% more funds holding in top 10
Funds holding in top 10: 7 → 10 (+3)
36% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 47
29.35% more ownership
Funds ownership: 29.33% → 58.68% (+29%)
12% more capital invested
Capital invested by funds: $950M → $1.06B (+$113M)
10% less funds holding
Funds holding: 156 → 140 (-16)
55% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UFF
USA Financial Formulas
Ada,
Michigan
|
+$15.8M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$15.2M |
| 3 |
B
Bailard
Foster City,
California
|
+$14.3M |
| 4 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$13.2M |
| 5 |
NC
NewSquare Capital
Newtown Square,
Pennsylvania
|
+$11.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$20M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$6.97M |
| 3 |
W
Wealthfront
Palo Alto,
California
|
-$6.58M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.77M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$2.69M |
TFI Hedge Fund Activity: Q1 2016 in Review
140 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) for Q1 2016, worth a combined $1.06B — up 12% from $950M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of TFI and 13 opened new positions — a net loss of 16 holders — while 47 trimmed existing stakes and 64 added.
The largest buyer was USA Financial Formulas, opening a new position worth an estimated $15.8M. The largest seller was United Services Automobile Association, exiting entirely with an estimated $20M sold.
- 140 institutional investors held State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) as of Q1 2016, down from 156 in Q4 2015.
- Funds reported $1.06B of State Street SPDR Nuveen ICE Municipal Bond ETF stock for Q1 2016, up 12% quarter-over-quarter.
- 13 funds opened new State Street SPDR Nuveen ICE Municipal Bond ETF positions in Q1 2016 and 29 closed out, a net change of -16 holders.
- The largest State Street SPDR Nuveen ICE Municipal Bond ETF buyer in Q1 2016 was USA Financial Formulas, an estimated $15.8M added.
- The largest State Street SPDR Nuveen ICE Municipal Bond ETF seller in Q1 2016 was United Services Automobile Association, an estimated $20M sold.
Based on aggregated 13F filings for Q1 2016.