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iShares Fallen Angels USD Bond ETF
FALN

277 hedge funds and large institutions have $1.55B invested in iShares Fallen Angels USD Bond ETF in 2025 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 130 increasing their positions, 69 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

9,340% more call options, than puts

Call options by funds: $472K | Put options by funds: $5K

88% more repeat investments, than reductions

Existing positions increased: 130 | Existing positions reduced: 69

55% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 20

19% more capital invested

Capital invested by funds: $1.31B → $1.55B (+$245M)

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

4.49% more ownership

Funds ownership: 68.57% → 73.07% (+4.5%)

2% more funds holding

Funds holding: 271 → 277 (+6)

Holders
277
Holders Change
+6
Holders Change %
+2.21%
% of All Funds
3.71%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.09%
New
31
Increased
130
Reduced
69
Closed
20
Calls
$472K
Puts
$5K
Net Calls
+$467K
Net Calls Change
+$440K

Top Buyers

1
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury
Tennessee
+$60.9M
2
VMPIC
Varma Mutual Pension Insurance Co
Finland
+$53.9M
3
Bank of America
Bank of America
North Carolina
+$21M
4
Jane Street
Jane Street
New York
+$15.4M
5
MG
Mather Group
Illinois
+$15.3M

Top Sellers

1
Nomura Asset Management
Nomura Asset Management
Japan
-$18.1M
2
SWP
Stratos Wealth Partners
Ohio
-$6.15M
3
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$5.08M
4
IAA
Independent Advisor Alliance
North Carolina
-$4.28M
5
BCI
Brinker Capital Investments
Pennsylvania
-$2.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
TWCA
151
Two West Capital Advisors
Kansas
$487K +$10.9K +404 +2%
AAS
152
Avantax Advisory Services
Texas
$475K +$2.85K +106 +0.6%
AssetMark Inc
153
AssetMark Inc
California
$472K -$32.5K -1,208 -6%
Susquehanna International Group
154
Susquehanna International Group
Pennsylvania
$469K +$471K +17,496 New
National Bank of Canada
155
National Bank of Canada
Quebec, Canada
$466K +$469K +17,407 New
SA
156
Sanctuary Advisors
Indiana
$463K -$19.7K -732 -4%
FCAM
157
First Citizens Asset Management
North Carolina
$463K -$17.1K -634 -4%
NWA
158
Navis Wealth Advisors
New York
$461K +$1.64K +61 +0.4%
SCA
159
Snowden Capital Advisors
New York
$456K +$65.5K +2,430 +17%
IWM
160
IHT Wealth Management
Illinois
$431K +$32.7K +1,215 +8%
IFG
161
Independent Financial Group
California
$431K +$997 +37 +0.2%
JWCA
162
J.W. Cole Advisors
Florida
$425K +$427K +15,861 New
GM
163
GeoWealth Management
Illinois
$413K +$414K +15,371 +25,618%
GWMR
164
GC Wealth Management RIA
Massachusetts
$412K +$414K +15,374 New
NA
165
NewEdge Advisors
Louisiana
$394K +$46.5K +1,728 +13%
IWC
166
Infinity Wealth Counsel
Ohio
$388K – – –
GSEP
167
Golden State Equity Partners
California
$384K +$28.3K +1,050 +8%
MWM
168
Mission Wealth Management
California
$378K +$380K +14,105 New
Rockefeller Capital Management
169
Rockefeller Capital Management
New York
$364K -$9.05K -336 -2%
SPC
170
Sigma Planning Corp
Michigan
$363K -$134K -4,966 -27%
MP
171
McDonald Partners
Ohio
$356K +$34.1K +1,265 +11%
BFA
172
Beacon Financial Advisory
Ohio
$355K +$121K +4,489 +51%
USCWA
173
U.S. Capital Wealth Advisors
Texas
$349K -$8.03K -298 -2%
PFG
174
PAX Financial Group
Texas
$330K +$65.8K +2,443 +25%
LSWP
175
Liberty Square Wealth Partners
Pennsylvania
$305K – – –
5 6
7
8 9

FALN Hedge Fund Activity: Q1 2025 in Review

277 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in iShares Fallen Angels USD Bond ETF (FALN) for Q1 2025, worth a combined $1.55B — up 19% from $1.31B a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new FALN positions and 20 closed out — a net gain of 11 holders — while 130 added to existing stakes and 69 trimmed.

The largest buyer was State of Tennessee, Department of Treasury, adding an estimated $60.9M. The largest seller was Nomura Asset Management, cutting an estimated $18.1M.

  • 277 institutional investors held iShares Fallen Angels USD Bond ETF (FALN) as of Q1 2025, up from 271 in Q4 2024.
  • Funds reported $1.55B of iShares Fallen Angels USD Bond ETF stock for Q1 2025, up 19% quarter-over-quarter.
  • 31 funds opened new iShares Fallen Angels USD Bond ETF positions in Q1 2025 and 20 closed out, a net change of +11 holders.
  • The largest iShares Fallen Angels USD Bond ETF buyer in Q1 2025 was State of Tennessee, Department of Treasury, an estimated $60.9M added.
  • The largest iShares Fallen Angels USD Bond ETF seller in Q1 2025 was Nomura Asset Management, an estimated $18.1M sold.

Based on aggregated 13F filings for Q1 2025.