Angeles Investment Advisors’s iShares Fallen Angels USD Bond ETF FALN Stock Holding History

Angeles Investment Advisors’s Portfolio FALN Stock Details FALN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-366,000	Closed	-$9.93M	–	32
2025 Q2	$9.93M	Sell	366,000 -928,400	-72%	-$24.5M	0.56%	12
2025 Q1	$34.7M	Hold	1,294,400	–	–	1.87%	11
2024 Q4	$34.6M	Hold	1,294,400	–	–	1.66%	13
2024 Q3	$35.4M	Buy	1,294,400 +368,400	+40%	+$9.89M	1.81%	11
2024 Q2	$24.3M	Sell	926,000 -198,000	-18%	-$5.22M	1.24%	15
2024 Q1	$30.2M	Buy	+1,124,000	New	+$29.9M	1.61%	15
2023 Q4	–	Sell	-1,065,781	Closed	-$26.4M	–	201
2023 Q3	$26.4M	Buy	+1,065,781	New	+$26.9M	2.07%	11
2022 Q1	–	Sell	-2,988,500	Closed	-$89.6M	–	152
2021 Q4	$89.6M	Sell	2,988,500 -2,002,000	-40%	-$59.9M	4.46%	4
2021 Q3	$150M	Buy	4,990,500 +295,000	+6%	+$8.89M	8.75%	2
2021 Q2	$141M	Buy	4,695,500 +1,182,500	+34%	+$34.9M	8.79%	5
2021 Q1	$103M	Buy	+3,513,000	New	+$103M	7.98%	6

Other funds holding FALN

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

MERSOM

Municipal Employees' Retirement System of Michigan Lansing, Michigan $8.81B AUM 10.88% 1-Year Est. Return

State of Tennessee, Department of Treasury Nashville, Tennessee $29.8B AUM 29.48% 1-Year Est. Return

VMPIC

Varma Mutual Pension Insurance Co Helsinki, Finland $17B AUM 24.09% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Allworth Financial Folsom, California $24.7B AUM 15.55% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

OPAM

Ocean Park Asset Management Santa Monica, California $2.08B AUM 5.32% 1-Year Est. Return

Betterment LLC New York $52.8B AUM 15.34% 1-Year Est. Return

Angeles Investment Advisors's FALN Position: Q3 2025 in Review

Angeles Investment Advisors sold out of iShares Fallen Angels USD Bond ETF (FALN) in Q3 2025, closing a stake of 366,000 shares — an estimated $9.93M sold.

Angeles Investment Advisors first reported a position in FALN in Q1 2021 and held it in 11 quarters. The position peaked at $150M in Q3 2021. 269 funds tracked by Wall St. Rank hold FALN as of Q3 2025.

Angeles Investment Advisors reported no remaining iShares Fallen Angels USD Bond ETF position as of Q3 2025 after selling out during the quarter.
Angeles Investment Advisors sold 366,000 iShares Fallen Angels USD Bond ETF shares in Q3 2025, an estimated $9.93M.
Angeles Investment Advisors first reported a position in iShares Fallen Angels USD Bond ETF in Q1 2021 and held it in 11 quarters.
Angeles Investment Advisors's iShares Fallen Angels USD Bond ETF position peaked at $150M in Q3 2021.
269 funds tracked by Wall St. Rank held iShares Fallen Angels USD Bond ETF as of Q3 2025.

Based on Angeles Investment Advisors's 13F filing for Q3 2025, filed 6 Nov 2025.