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Panagram BBB-B CLO ETF
CLOZ

97 hedge funds and large institutions have $385M invested in Panagram BBB-B CLO ETF in 2025 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 43 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

153% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 17

130% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 10

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

17% more capital invested

Capital invested by funds: $329M → $385M (+$56.1M)

14% more funds holding

Funds holding: 85 → 97 (+12)

2.11% more ownership

Funds ownership: 42.22% → 44.32% (+2.1%)

Holders
97
Holders Change
+12
Holders Change %
+14.12%
% of All Funds
1.27%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.07%
New
23
Increased
43
Reduced
17
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AAP
Arax Advisory Partners
Colorado
+$16.1M
2
OPAM
Ocean Park Asset Management
California
+$10.8M
3
BCWM
Ball & Co Wealth Management
Tennessee
+$10M
4
Goldman Sachs
Goldman Sachs
New York
+$6.84M
5
CCP
Carmel Capital Partners
California
+$5.67M

Top Sellers

1
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
-$18.8M
2
Barclays
Barclays
United Kingdom
-$8.52M
3
Jane Street
Jane Street
New York
-$6.47M
4
GI
Gradient Investments
Minnesota
-$5.74M
5
OMC
Old Mission Capital
Illinois
-$3.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
AAP
1
Arax Advisory Partners
Colorado
$54.3M +$16.1M +599,745 +42%
SBLIC
2
Security Benefit Life Insurance Company
Kansas
$43.6M – – –
Goldman Sachs
3
Goldman Sachs
New York
$38.3M +$6.84M +254,988 +22%
Kovitz Investment Group Partners
4
Kovitz Investment Group Partners
Illinois
$33.9M +$2.62M +97,779 +8%
GFP
5
Guardian Financial Partners
California
$20.7M +$37K +1,380 +0.2%
BSG
6
Black Swift Group
Colorado
$16.8M +$5.17M +192,815 +44%
OPAM
7
Ocean Park Asset Management
California
$10.8M +$10.8M +403,327 New
BCM
8
Brookstone Capital Management
Illinois
$10.5M -$846K -31,553 -7%
BCWM
9
Ball & Co Wealth Management
Tennessee
$10M +$10M +374,592 New
State of New Jersey Common Pension Fund D
10
State of New Jersey Common Pension Fund D
New Jersey
$8.05M -$18.8M -700,000 -70%
GI
11
Gradient Investments
Minnesota
$7.53M -$5.74M -213,966 -43%
KAS
12
Kestra Advisory Services
Texas
$6.65M +$4.87M +181,648 +274%
BCM
13
Bienville Capital Management
New York
$5.92M +$2.98M +111,111 +101%
CCP
14
Carmel Capital Partners
California
$5.67M +$5.67M +211,458 New
Stifel Financial
15
Stifel Financial
Missouri
$5.67M +$1.93M +71,812 +51%
Truist Financial
16
Truist Financial
North Carolina
$5.39M +$5.39M +201,106 New
Envestnet Asset Management
17
Envestnet Asset Management
Illinois
$5.39M +$1.64M +61,235 +44%
AI
18
Atria Investments
North Carolina
$4.87M +$423K +15,790 +10%
Renaissance Technologies
19
Renaissance Technologies
New York
$4.7M +$1.92M +71,805 +69%
Mariner
20
Mariner
Kansas
$4.43M +$275K +10,248 +7%
FTUS
21
Flow Traders U.S.
New York
$4.28M +$4.28M +159,522 New
SFS
22
Sowell Financial Services
Arkansas
$4.08M +$63K +2,349 +2%
Natixis Advisors
23
Natixis Advisors
Massachusetts
$4.07M +$31.6K +1,180 +0.8%
SIS
24
Sound Income Strategies
Florida
$3.84M +$1.48M +55,396 +63%
AIP
25
Almanack Investment Partners
Pennsylvania
$3.83M +$1.23M +45,964 +47%
1
2 3 4 5

CLOZ Hedge Fund Activity: Q3 2025 in Review

97 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Panagram BBB-B CLO ETF (CLOZ) for Q3 2025, worth a combined $385M — up 17% from $329M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new CLOZ positions and 10 closed out — a net gain of 13 holders — while 43 added to existing stakes and 17 trimmed.

The largest buyer was Arax Advisory Partners, adding an estimated $16.1M. The largest seller was State of New Jersey Common Pension Fund D, cutting an estimated $18.8M.

  • 97 institutional investors held Panagram BBB-B CLO ETF (CLOZ) as of Q3 2025, up from 85 in Q2 2025.
  • Funds reported $385M of Panagram BBB-B CLO ETF stock for Q3 2025, up 17% quarter-over-quarter.
  • 23 funds opened new Panagram BBB-B CLO ETF positions in Q3 2025 and 10 closed out, a net change of +13 holders.
  • The largest Panagram BBB-B CLO ETF buyer in Q3 2025 was Arax Advisory Partners, an estimated $16.1M added.
  • The largest Panagram BBB-B CLO ETF seller in Q3 2025 was State of New Jersey Common Pension Fund D, an estimated $18.8M sold.

Based on aggregated 13F filings for Q3 2025.