iShares Fallen Angels USD Bond ETF
FALN
294 hedge funds and large institutions have $1.22B invested in iShares Fallen Angels USD Bond ETF in 2026 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 128 increasing their positions, 92 reducing their positions, and 31 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 92
0.98% less ownership
Funds ownership: 69.53% → 68.56% (-0.98%)
3% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 31
2% less funds holding
Funds holding: 299 → 294 (-5)
6% less capital invested
Capital invested by funds: $1.29B → $1.22B (-$77.2M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAS
Annex Advisory Services
Brookfield,
Wisconsin
|
+$82.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$6.89M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$5.94M |
| 4 |
Morgan Stanley
New York
|
+$4.97M |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$4.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VMPIC
Varma Mutual Pension Insurance Co
Helsinki,
Finland
|
-$54.6M |
| 2 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
-$38.3M |
| 3 |
TC
Toews Corporation
Northfield,
New Jersey
|
-$15.5M |
| 4 |
Jane Street
New York
|
-$13.8M |
| 5 |
IFA
Independence Financial Advisors
Franklin,
New Hampshire
|
-$13M |
FALN Hedge Fund Activity: Q1 2026 in Review
294 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in iShares Fallen Angels USD Bond ETF (FALN) for Q1 2026, worth a combined $1.22B — down 6% from $1.29B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of FALN and 30 opened new positions — a net loss of 1 holder — while 92 trimmed existing stakes and 128 added.
The largest buyer was Annex Advisory Services, opening a new position worth an estimated $82.9M. The largest seller was Varma Mutual Pension Insurance Co, exiting entirely with an estimated $54.6M sold.
- 294 institutional investors held iShares Fallen Angels USD Bond ETF (FALN) as of Q1 2026, down from 299 in Q4 2025.
- Funds reported $1.22B of iShares Fallen Angels USD Bond ETF stock for Q1 2026, down 6% quarter-over-quarter.
- 30 funds opened new iShares Fallen Angels USD Bond ETF positions in Q1 2026 and 31 closed out, a net change of -1 holder.
- The largest iShares Fallen Angels USD Bond ETF buyer in Q1 2026 was Annex Advisory Services, an estimated $82.9M added.
- The largest iShares Fallen Angels USD Bond ETF seller in Q1 2026 was Varma Mutual Pension Insurance Co, an estimated $54.6M sold.
Based on aggregated 13F filings for Q1 2026.