iShares Fallen Angels USD Bond ETF
FALN
93 hedge funds and large institutions have $348M invested in iShares Fallen Angels USD Bond ETF in 2020 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 32 increasing their positions, 18 reducing their positions, and 4 closing their positions.
675% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 4
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
78% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 18
39% more funds holding
Funds holding: 67 → 93 (+26)
34% more capital invested
Capital invested by funds: $259M → $348M (+$89.2M)
9.54% less ownership
Funds ownership: 93.3% → 83.76% (-9.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$26.3M |
| 2 |
RCS
Retirement Capital Strategies
San Jose,
California
|
+$10.4M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$9.63M |
| 4 |
CIAS
Capital Investment Advisory Services
Raleigh,
North Carolina
|
+$6.59M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$5.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$5.36M |
| 2 |
CCP
Cardan Capital Partners
Denver,
Colorado
|
-$4.17M |
| 3 |
Jane Street
New York
|
-$3.84M |
| 4 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
-$2.19M |
| 5 |
CPO
Cerity Partners OCIO
New York
|
-$931K |
FALN Hedge Fund Activity: Q4 2020 in Review
93 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in iShares Fallen Angels USD Bond ETF (FALN) for Q4 2020, worth a combined $348M — up 34% from $259M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new FALN positions and 4 closed out — a net gain of 27 holders — while 32 added to existing stakes and 18 trimmed.
The largest buyer was Municipal Employees' Retirement System of Michigan, opening a new position worth an estimated $26.3M. The largest seller was Citadel Advisors, exiting entirely with an estimated $5.36M sold.
- 93 institutional investors held iShares Fallen Angels USD Bond ETF (FALN) as of Q4 2020, up from 67 in Q3 2020.
- Funds reported $348M of iShares Fallen Angels USD Bond ETF stock for Q4 2020, up 34% quarter-over-quarter.
- 31 funds opened new iShares Fallen Angels USD Bond ETF positions in Q4 2020 and 4 closed out, a net change of +27 holders.
- The largest iShares Fallen Angels USD Bond ETF buyer in Q4 2020 was Municipal Employees' Retirement System of Michigan, an estimated $26.3M added.
- The largest iShares Fallen Angels USD Bond ETF seller in Q4 2020 was Citadel Advisors, an estimated $5.36M sold.
Based on aggregated 13F filings for Q4 2020.