An exchange-traded fund (or ETF) is an investment fund traded on stock exchanges, much like stocks.An ETF holds assets such as stocks or bonds and trades at approximately the same price as the net asset value of its underlying assets over the course of the trading day. Most ETFs track an index, such as the S&P 500 or MSCI EAFE. ETFs may be attractive as investments because of their low costs, tax efficiency, and stock-like features.
It turns out, not just the individual investors are attracted to the benefits of the ETF. Some o the nation’s best money managers hold ETF’s too. You would expect given their money and people, they will be able to dig deeper into the fundamentals and buy individual stocks or bonds. But, apparently they think the benefits overweight the cost.
These are some o the top ET holdings as of today:
ISHARES TR FTSE INDX (FXI, Financial)
Ishares TR FTSE Indx has a market cap of $7.27 billion; its shares were traded at around $38.88 . The dividend yield of Ishares Tr Ftse Indx stocks is 1.14%.
George Soros bought 8,000 shares in the quarter that ended on 12/31/2009, which is less than 0.01% of the $6.95 billion portfolio of Soros Fund Management LLC.
Select Sector SPDR Financial (XLF, Financial)
Select Sector Spdrfinancial has a market cap of $6.77 billion; its shares were traded at around $15.35 . The dividend yield of Select Sector Spdrfinancial stocks is 0.95%.
George Soros owns 12,000,000 shares as of 12/31/2009, an increase of 63729.8% from the previous quarter. This position accounts for 2.49% of the $6.95 billion portfolio of Soros Fund Management LLC. Arnold Van Den Berg owns 2,188,529 shares as of 03/31/2010, which accounts for 2.66% of the $1309.94 billion portfolio of Century Management.
Spider Gold Shares (GLD, Financial)
Street Tracks Gold Shares offer investors a new, innovative, relatively cost efficient and secure way to access the gold market. Spider Gold Shares has a market cap of $44.44 billion; its shares were traded at around $120.37 .
George Soros owns 6,178,342 shares as of 12/31/2009, an increase of 152.14% from the previous quarter. This position accounts for 9.54% of the $6.95 billion portfolio of Soros Fund Management LLC. John Paulson owns 31,500,000 shares as of 03/31/2010, which accounts for 16.22% of the $21.15 billion portfolio of Paulson & Co..
MARKET VECTORS - GOLD MINERS ETF (GDX, Financial)
Market Vectors - Gold Miners Etf has a market cap of $638.5 million; its shares were traded at around $53.15 . The dividend yield of Market Vectors - Gold Miners Etf stocks is 5.6%.
John Griffin owns 5,148,000 shares as of 03/31/2010, an increase of 180.54% from the previous quarter. This position accounts for 3.74% of the $6.11 billion portfolio of Blue Ridge Capital. David Einhorn owns 3,200,000 shares as of 03/31/2010, which accounts for 4.62% of the $3.08 billion portfolio of Greenlight Capital Inc. David Einhorn owns 3,200,000 shares as of 12/31/2009, which accounts for 5.03% of the $3.08 billion portfolio of Greenlight Capital Inc.
iShares Russell 1000 Value Index Fund (IWD, Financial)
Ishares Russell 1000 Value Index Fund has a market cap of $9.12 billion; its shares were traded at around $59.79 . The dividend yield of Ishares Russell 1000 Value Index Fund stocks is 1.76%.
NWQ Managers owns 180,714 shares as of 12/31/2009, an increase of 2724.54% from the previous quarter. This position accounts for 0.06% of the $18.28 billion portfolio of NWQ Investment Management Co. Arnold Schneider owns 100,075 shares as of 03/31/2010, an increase of 519.47% from the previous quarter. This position accounts for 0.37% of the $1.67 billion portfolio of Schneider Capital Management.
iShares Russell 2000 Index (IWM, Financial)
ISHARES RUSSELL 2000 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the small capitalization sector of the U. Ishares Russell 2000 Index has a market cap of $13.97 billion; its shares were traded at around $69.56 . The dividend yield of Ishares Russell 2000 Index stocks is 0.99%.
Richard Perry owns 8,700,000 shares as of 03/31/2010, which accounts for 17.48% of the $3.38 billion portfolio of Perry Capital.
Conclusion
Some of the country’s best money managers take bet on Exchange-Trade Funds.
You can find the complete ETF holdings of Investment Gurus at GuruFocus.com. Check it out, you may find your favorite ETF owned by your favorite Investment Guru.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and 70+ top money managers for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
It turns out, not just the individual investors are attracted to the benefits of the ETF. Some o the nation’s best money managers hold ETF’s too. You would expect given their money and people, they will be able to dig deeper into the fundamentals and buy individual stocks or bonds. But, apparently they think the benefits overweight the cost.
These are some o the top ET holdings as of today:
ISHARES TR FTSE INDX (FXI, Financial)
Ishares TR FTSE Indx has a market cap of $7.27 billion; its shares were traded at around $38.88 . The dividend yield of Ishares Tr Ftse Indx stocks is 1.14%.
George Soros bought 8,000 shares in the quarter that ended on 12/31/2009, which is less than 0.01% of the $6.95 billion portfolio of Soros Fund Management LLC.
Select Sector SPDR Financial (XLF, Financial)
Select Sector Spdrfinancial has a market cap of $6.77 billion; its shares were traded at around $15.35 . The dividend yield of Select Sector Spdrfinancial stocks is 0.95%.
George Soros owns 12,000,000 shares as of 12/31/2009, an increase of 63729.8% from the previous quarter. This position accounts for 2.49% of the $6.95 billion portfolio of Soros Fund Management LLC. Arnold Van Den Berg owns 2,188,529 shares as of 03/31/2010, which accounts for 2.66% of the $1309.94 billion portfolio of Century Management.
Spider Gold Shares (GLD, Financial)
Street Tracks Gold Shares offer investors a new, innovative, relatively cost efficient and secure way to access the gold market. Spider Gold Shares has a market cap of $44.44 billion; its shares were traded at around $120.37 .
George Soros owns 6,178,342 shares as of 12/31/2009, an increase of 152.14% from the previous quarter. This position accounts for 9.54% of the $6.95 billion portfolio of Soros Fund Management LLC. John Paulson owns 31,500,000 shares as of 03/31/2010, which accounts for 16.22% of the $21.15 billion portfolio of Paulson & Co..
MARKET VECTORS - GOLD MINERS ETF (GDX, Financial)
Market Vectors - Gold Miners Etf has a market cap of $638.5 million; its shares were traded at around $53.15 . The dividend yield of Market Vectors - Gold Miners Etf stocks is 5.6%.
John Griffin owns 5,148,000 shares as of 03/31/2010, an increase of 180.54% from the previous quarter. This position accounts for 3.74% of the $6.11 billion portfolio of Blue Ridge Capital. David Einhorn owns 3,200,000 shares as of 03/31/2010, which accounts for 4.62% of the $3.08 billion portfolio of Greenlight Capital Inc. David Einhorn owns 3,200,000 shares as of 12/31/2009, which accounts for 5.03% of the $3.08 billion portfolio of Greenlight Capital Inc.
iShares Russell 1000 Value Index Fund (IWD, Financial)
Ishares Russell 1000 Value Index Fund has a market cap of $9.12 billion; its shares were traded at around $59.79 . The dividend yield of Ishares Russell 1000 Value Index Fund stocks is 1.76%.
NWQ Managers owns 180,714 shares as of 12/31/2009, an increase of 2724.54% from the previous quarter. This position accounts for 0.06% of the $18.28 billion portfolio of NWQ Investment Management Co. Arnold Schneider owns 100,075 shares as of 03/31/2010, an increase of 519.47% from the previous quarter. This position accounts for 0.37% of the $1.67 billion portfolio of Schneider Capital Management.
iShares Russell 2000 Index (IWM, Financial)
ISHARES RUSSELL 2000 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the small capitalization sector of the U. Ishares Russell 2000 Index has a market cap of $13.97 billion; its shares were traded at around $69.56 . The dividend yield of Ishares Russell 2000 Index stocks is 0.99%.
Richard Perry owns 8,700,000 shares as of 03/31/2010, which accounts for 17.48% of the $3.38 billion portfolio of Perry Capital.
Conclusion
Some of the country’s best money managers take bet on Exchange-Trade Funds.
You can find the complete ETF holdings of Investment Gurus at GuruFocus.com. Check it out, you may find your favorite ETF owned by your favorite Investment Guru.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and 70+ top money managers for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
