iShares Fallen Angels USD Bond ETF
FALN
299 hedge funds and large institutions have $1.29B invested in iShares Fallen Angels USD Bond ETF in 2025 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 126 increasing their positions, 71 reducing their positions, and 21 closing their positions.
157% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 21
77% more repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 71
11% more funds holding
Funds holding: 269 → 299 (+30)
1% less capital invested
Capital invested by funds: $1.31B → $1.29B (-$15.1M)
2.02% less ownership
Funds ownership: 71.53% → 69.52% (-2%)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$23.6M |
| 2 |
BAAM
Baker Avenue Asset Management
San Francisco,
California
|
+$14.7M |
| 3 |
Jane Street
New York
|
+$14.3M |
| 4 |
Goldman Sachs
New York
|
+$11.4M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$10.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$34.4M |
| 2 |
Morgan Stanley
New York
|
-$33M |
| 3 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
-$31.5M |
| 4 |
Betterment LLC
New York
|
-$31.4M |
| 5 |
PFM
Potomac Fund Management
Miami,
Florida
|
-$22.4M |
FALN Hedge Fund Activity: Q4 2025 in Review
299 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in iShares Fallen Angels USD Bond ETF (FALN) for Q4 2025, worth a combined $1.29B — down 1.2% from $1.31B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new FALN positions and 21 closed out — a net gain of 33 holders — while 126 added to existing stakes and 71 trimmed.
The largest buyer was LPL Financial, adding an estimated $23.6M. The largest seller was JP Morgan Chase, cutting an estimated $34.4M.
- 299 institutional investors held iShares Fallen Angels USD Bond ETF (FALN) as of Q4 2025, up from 269 in Q3 2025.
- Funds reported $1.29B of iShares Fallen Angels USD Bond ETF stock for Q4 2025, down 1.2% quarter-over-quarter.
- 54 funds opened new iShares Fallen Angels USD Bond ETF positions in Q4 2025 and 21 closed out, a net change of +33 holders.
- The largest iShares Fallen Angels USD Bond ETF buyer in Q4 2025 was LPL Financial, an estimated $23.6M added.
- The largest iShares Fallen Angels USD Bond ETF seller in Q4 2025 was JP Morgan Chase, an estimated $34.4M sold.
Based on aggregated 13F filings for Q4 2025.