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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
CC
201
Copperleaf Capital
North Carolina
$238K +$8.78K +326 +4%
IA
202
Integrity Alliance
Iowa
$235K +$236K +8,768 New
CWM
203
Cornerstone Wealth Management
Missouri
$231K +$27K +1,004 +13%
TCPW
204
Twin City Private Wealth
North Carolina
$230K +$25.5K +947 +12%
WI
205
WrapManager Inc
California
$224K -$3.8K -141 -2%
KWA
206
Kingswood Wealth Advisors
California
$224K -$157K -5,822 -41%
MA
207
Mutual Advisors
Nebraska
$221K -$299K -11,090 -57%
Goldman Sachs
208
Goldman Sachs
New York
$220K -$4.69K -174 -2%
TC
209
TownSquare Capital
Utah
$218K -$3.93K -146 -2%
DWT
210
Dorsey & Whitney Trust
South Dakota
$214K – – –
Vontobel Holding
211
Vontobel Holding
Switzerland
$214K – – –
CC
212
Climber Capital
Switzerland
$206K – – –
MG
213
Marex Group
$206K +$207K +7,676 New
SCM
214
Saxony Capital Management
Missouri
$203K – – –
OGC
215
Oak Grove Capital
New Hampshire
$201K – – –
Fidelity Investments
216
Fidelity Investments
Massachusetts
$175K +$44.6K +1,654 +34%
Bank of Montreal
217
Bank of Montreal
Ontario, Canada
$157K +$49.8K +1,850 +46%
CA
218
Continuum Advisory
Idaho
$139K -$1.48K -55 -1%
BCV
219
Banque Cantonale Vaudoise
Switzerland
$135K +$135K +5,024 New
SS
220
Sunbelt Securities
Texas
$111K -$496K -18,426 -82%
IA
221
IFP Advisors
Florida
$108K – – –
CWM
222
Consultiva Wealth Management
Puerto Rico
$106K – – –
HI
223
Harbour Investments
Wisconsin
$98.4K -$131K -4,863 -57%
NB
224
NBT Bank
New York
$97K – – –
SIS
225
Sound Income Strategies
Florida
$67.3K +$1.78K +66 +3%
7 8
9
10 11

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.