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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
BONH
176
Bank of New Hampshire
New Hampshire
$298K +$64.2K +2,385 +27%
SP
177
Sequent Planning
Nebraska
$298K -$3.31K -123 -1%
Corient Private Wealth
178
Corient Private Wealth
Florida
$294K +$30.9K +1,148 +12%
HighTower Advisors
179
HighTower Advisors
Illinois
$286K +$70.2K +2,606 +32%
WCM
180
Winebrenner Capital Management
Kentucky
$283K +$323 +12 +0.1%
BRIA
181
Balanced Rock Investment Advisors
Massachusetts
$281K +$4.31K +160 +2%
PI
182
PFG Investments
New York
$278K -$2.77K -103 -1%
RFA
183
Reyes Financial Architecture
California
$278K – – –
AFG
184
Atomi Financial Group
New York
$276K +$13K +483 +5%
CCM
185
Colorado Capital Management
Colorado
$274K +$276K +10,240 New
AWA
186
Arete Wealth Advisors
Illinois
$266K -$35.4K -1,313 -12%
PA
187
Parallel Advisors
California
$266K – – –
DA
188
Detalus Advisors
Missouri
$264K +$997 +37 +0.4%
WS
189
Wedbush Securities
California
$264K -$1.89K -70 -0.7%
CAS
190
Coppell Advisory Solutions
Texas
$263K -$11.3K -421 -16%
MCC
191
Money Concepts Capital
Florida
$262K -$10.3K -382 -4%
VH
192
Visionary Horizons
Tennessee
$257K +$258K +9,590 New
FHA
193
First Horizon Advisors
Tennessee
$253K -$68.9K -2,558 -21%
PFS
194
Prospera Financial Services
Texas
$250K -$2.29K -85 -0.9%
SPIA
195
Steward Partners Investment Advisory
New York
$249K +$10.9K +403 +5%
IPW
196
Intergy Private Wealth
Colorado
$249K +$6.03K +224 +2%
MWM
197
Mascagni Wealth Management
Mississippi
$248K – – –
NAM
198
NTV Asset Management
West Virginia
$248K – – –
WFAG
199
Worth Financial Advisory Group
North Carolina
$245K – – –
SWM
200
Spire Wealth Management
Virginia
$244K +$101K +3,758 +70%
6 7
8
9 10

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.