State Street Real Estate Select Sector SPDR ETF
XLRE
326 hedge funds and large institutions have $1.19B invested in State Street Real Estate Select Sector SPDR ETF in 2016 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 53 increasing their positions, 159 reducing their positions, and 131 closing their positions.
4.67% less ownership
Funds ownership: 55.1% → 50.43% (-4.7%)
18% less funds holding
Funds holding: 399 → 326 (-73)
33% less capital invested
Capital invested by funds: $1.78B → $1.19B (-$586M)
50% less first-time investments, than exits
New positions opened: 65 | Existing positions closed: 131
67% less funds holding in top 10
Funds holding in top 10: 6 → 2 (-4)
67% less repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 159
94% less call options, than puts
Call options by funds: $3.21M | Put options by funds: $55.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$31.5M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$28.8M |
| 3 |
PAG
Pinnacle Advisory Group
Columbia,
Maryland
|
+$20.6M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$7.23M |
| 5 |
AIM
Astor Investment Management
Chicago,
Illinois
|
+$7.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$142M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$117M |
| 3 |
CANY
Caxton Associates (New York)
New York
|
-$57.2M |
| 4 |
Goldman Sachs
New York
|
-$29.5M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$24.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
451
UBS AM
Chicago,
Illinois
| – | +$337 | +11 | New |
|
XLRE Hedge Fund Activity: Q4 2016 in Review
326 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in State Street Real Estate Select Sector SPDR ETF (XLRE) for Q4 2016, worth a combined $1.19B — down 33% from $1.78B a quarter earlier.
Sellers outnumbered buyers: 131 funds closed out of XLRE and 65 opened new positions — a net loss of 66 holders — while 159 trimmed existing stakes and 53 added.
The largest buyer was Citigroup, adding an estimated $31.5M. The largest seller was Bank of America, cutting an estimated $142M.
- 326 institutional investors held State Street Real Estate Select Sector SPDR ETF (XLRE) as of Q4 2016, down from 399 in Q3 2016.
- Funds reported $1.19B of State Street Real Estate Select Sector SPDR ETF stock for Q4 2016, down 33% quarter-over-quarter.
- 65 funds opened new State Street Real Estate Select Sector SPDR ETF positions in Q4 2016 and 131 closed out, a net change of -66 holders.
- The largest State Street Real Estate Select Sector SPDR ETF buyer in Q4 2016 was Citigroup, an estimated $31.5M added.
- The largest State Street Real Estate Select Sector SPDR ETF seller in Q4 2016 was Bank of America, an estimated $142M sold.
Based on aggregated 13F filings for Q4 2016.