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Panagram BBB-B CLO ETF

85 hedge funds and large institutions have $329M invested in Panagram BBB-B CLO ETF in 2025 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 24 increasing their positions, 24 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.1% more ownership

Funds ownership: 39.12%42.22% (+3.1%)

5% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 21

1% more capital invested

Capital invested by funds: $325M → $329M (+$3.18M)

0% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 24

2% less funds holding

Funds holding: 8785 (-2)

40% less funds holding in top 10

Funds holding in top 10: 53 (-2)

Holders
85
Holders Change
-2
Holders Change %
-2.3%
% of All Funds
1.12%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.04%
New
22
Increased
24
Reduced
24
Closed
21
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SBLIC
1
Security Benefit Life Insurance Company
Kansas
$43.5M
AAP
2
Arax Advisory Partners
Colorado
$38.1M +$37.6M +1,423,147 New
Goldman Sachs
3
Goldman Sachs
New York
$31.4M +$25.5M +964,385 +463%
Kovitz Investment Group Partners
4
Kovitz Investment Group Partners
Illinois
$31.1M +$2.25M +85,116 +8%
State of New Jersey Common Pension Fund D
5
State of New Jersey Common Pension Fund D
New Jersey
$26.7M
GFP
6
Guardian Financial Partners
California
$20.6M +$397K +15,001 +2%
GI
7
Gradient Investments
Minnesota
$13.2M +$194K +7,342 +2%
BSG
8
Black Swift Group
Colorado
$11.6M -$2.01M -76,115 -15%
BCM
9
Brookstone Capital Management
Illinois
$11.3M -$7.96K -301 -0.1%
Barclays
10
Barclays
United Kingdom
$8.52M +$6.89M +260,531 +449%
Jane Street
11
Jane Street
New York
$8.12M +$5.77M +218,198 +255%
AI
12
Atria Investments
North Carolina
$4.44M -$3.03M -114,628 -41%
Mariner
13
Mariner
Kansas
$4.14M -$2.07M -78,318 -34%
Natixis Advisors
14
Natixis Advisors
Massachusetts
$4.02M +$573K +21,673 +17%
SFS
15
Sowell Financial Services
Arkansas
$4.01M -$3.83M -144,993 -49%
TRCT
16
Tower Research Capital (TRC)
New York
$3.85M +$3.79M +143,334 +29,252%
Envestnet Asset Management
17
Envestnet Asset Management
Illinois
$3.74M -$3.74M -141,387 -50%
Stifel Financial
18
Stifel Financial
Missouri
$3.73M +$3.69M +139,571 New
CA
19
CWC Advisors
Oregon
$3.68M +$351K +13,268 +11%
VFA
20
Valeo Financial Advisors
Indiana
$3.31M
OMC
21
Old Mission Capital
Illinois
$3.21M +$2M +75,736 +171%
HighTower Advisors
22
HighTower Advisors
Illinois
$3.18M +$2.33M +88,290 +290%
BCM
23
Bienville Capital Management
New York
$2.94M +$2.9M +109,768 New
Renaissance Technologies
24
Renaissance Technologies
New York
$2.77M +$2.74M +103,527 New
AIP
25
Almanack Investment Partners
Pennsylvania
$2.59M +$1.89M +71,292 +279%

CLOZ Hedge Fund Activity: Q2 2025 in Review

85 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Panagram BBB-B CLO ETF (CLOZ) for Q2 2025, worth a combined $329M — up 0.98% from $325M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new CLOZ positions and 21 closed out — a net gain of 1 holder — while 24 added to existing stakes and 24 trimmed.

The largest buyer was Arax Advisory Partners, opening a new position worth an estimated $37.6M. The largest seller was Donoghue Forlines, exiting entirely with an estimated $9.88M sold.

  • 85 institutional investors held Panagram BBB-B CLO ETF (CLOZ) as of Q2 2025, down from 87 in Q1 2025.
  • Funds reported $329M of Panagram BBB-B CLO ETF stock for Q2 2025, up 0.98% quarter-over-quarter.
  • 22 funds opened new Panagram BBB-B CLO ETF positions in Q2 2025 and 21 closed out, a net change of +1 holder.
  • The largest Panagram BBB-B CLO ETF buyer in Q2 2025 was Arax Advisory Partners, an estimated $37.6M added.
  • The largest Panagram BBB-B CLO ETF seller in Q2 2025 was Donoghue Forlines, an estimated $9.88M sold.

Based on aggregated 13F filings for Q2 2025.