iShares Fallen Angels USD Bond ETF
FALN
291 hedge funds and large institutions have $1.19B invested in iShares Fallen Angels USD Bond ETF in 2026 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 123 increasing their positions, 88 reducing their positions, and 37 closing their positions.
80% more funds holding in top 10
Funds holding in top 10: 5 → 9 (+4)
40% more repeat investments, than reductions
Existing positions increased: 123 | Existing positions reduced: 88
4.53% more ownership
Funds ownership: 68.56% → 73.09% (+4.5%)
8% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 37
2% less capital invested
Capital invested by funds: $1.22B → $1.19B (-$24.9M)
1% less funds holding
Funds holding: 294 → 291 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFM
Potomac Fund Management
Miami,
Florida
|
+$29.7M |
| 2 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$27.1M |
| 3 |
Morgan Stanley
New York
|
+$26.2M |
| 4 |
TC
Toews Corporation
Northfield,
New Jersey
|
+$16.3M |
| 5 |
EWA
EP Wealth Advisors
Torrance,
California
|
+$8.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAS
Annex Advisory Services
Brookfield,
Wisconsin
|
-$81.5M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$34.9M |
| 3 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
-$24.7M |
| 4 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$7.86M |
| 5 |
LPL Financial
San Diego,
California
|
-$6.83M |
FALN Hedge Fund Activity: Q2 2026 in Review
291 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in iShares Fallen Angels USD Bond ETF (FALN) for Q2 2026, worth a combined $1.19B — down 2.1% from $1.22B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new FALN positions and 37 closed out — a net gain of 3 holders — while 123 added to existing stakes and 88 trimmed.
The largest buyer was Potomac Fund Management, opening a new position worth an estimated $29.7M. The largest seller was Annex Advisory Services, cutting an estimated $81.5M.
- 291 institutional investors held iShares Fallen Angels USD Bond ETF (FALN) as of Q2 2026, down from 294 in Q1 2026.
- Funds reported $1.19B of iShares Fallen Angels USD Bond ETF stock for Q2 2026, down 2.1% quarter-over-quarter.
- 40 funds opened new iShares Fallen Angels USD Bond ETF positions in Q2 2026 and 37 closed out, a net change of +3 holders.
- The largest iShares Fallen Angels USD Bond ETF buyer in Q2 2026 was Potomac Fund Management, an estimated $29.7M added.
- The largest iShares Fallen Angels USD Bond ETF seller in Q2 2026 was Annex Advisory Services, an estimated $81.5M sold.
Based on aggregated 13F filings for Q2 2026.