iShares Fallen Angels USD Bond ETF
FALN
224 hedge funds and large institutions have $882M invested in iShares Fallen Angels USD Bond ETF in 2023 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 55 increasing their positions, 124 reducing their positions, and 93 closing their positions.
400% more call options, than puts
Call options by funds: $10K | Put options by funds: $2K
7.61% less ownership
Funds ownership: 76.07% → 68.46% (-7.6%)
23% less funds holding
Funds holding: 291 → 224 (-67)
32% less capital invested
Capital invested by funds: $1.3B → $882M (-$417M)
40% less funds holding in top 10
Funds holding in top 10: 10 → 6 (-4)
56% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 124
70% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 93
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$28.6M |
| 2 |
AIA
Angeles Investment Advisors
Santa Monica,
California
|
+$26.9M |
| 3 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
+$24.7M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$17.7M |
| 5 |
SIS
Strategic Investment Solutions
Orland Park,
Illinois
|
+$13.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$200M |
| 2 |
SFSG
Sound Financial Strategies Group
Madison,
Mississippi
|
-$61.6M |
| 3 |
LPL Financial
San Diego,
California
|
-$32.5M |
| 4 |
WSTAM
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
|
-$26.5M |
| 5 |
OP
ORG Partners
Roanoke,
Indiana
|
-$20.1M |
FALN Hedge Fund Activity: Q3 2023 in Review
224 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in iShares Fallen Angels USD Bond ETF (FALN) for Q3 2023, worth a combined $882M — down 32% from $1.3B a quarter earlier.
Sellers outnumbered buyers: 93 funds closed out of FALN and 28 opened new positions — a net loss of 65 holders — while 124 trimmed existing stakes and 55 added.
The largest buyer was Jane Street, adding an estimated $28.6M. The largest seller was Envestnet Asset Management, cutting an estimated $200M.
- 224 institutional investors held iShares Fallen Angels USD Bond ETF (FALN) as of Q3 2023, down from 291 in Q2 2023.
- Funds reported $882M of iShares Fallen Angels USD Bond ETF stock for Q3 2023, down 32% quarter-over-quarter.
- 28 funds opened new iShares Fallen Angels USD Bond ETF positions in Q3 2023 and 93 closed out, a net change of -65 holders.
- The largest iShares Fallen Angels USD Bond ETF buyer in Q3 2023 was Jane Street, an estimated $28.6M added.
- The largest iShares Fallen Angels USD Bond ETF seller in Q3 2023 was Envestnet Asset Management, an estimated $200M sold.
Based on aggregated 13F filings for Q3 2023.