iShares BB Rated Corporate Bond ETF
HYBB
26 hedge funds and large institutions have $252M invested in iShares BB Rated Corporate Bond ETF in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 13 reducing their positions, and 9 closing their positions.
4.12% less ownership
Funds ownership: 91.97% → 87.85% (-4.1%)
21% less funds holding
Funds holding: 33 → 26 (-7)
27% less capital invested
Capital invested by funds: $345M → $252M (-$93.4M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
54% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 13
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$18.2M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$8.08M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$4.24M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$2.54M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$444K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
-$43.7M |
| 2 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$31.3M |
| 3 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$14.6M |
| 4 |
NA
Nottingham Advisors
Amherst,
New York
|
-$8.81M |
| 5 |
CB
Community Bank
Dewitt,
New York
|
-$2.89M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Morgan Stanley
New York
| $13.2K | – | – | – |
|
|
CM
27
Columbus Macro
New Castle,
Pennsylvania
| – | -$1.08M | -24,328 | Closed |
|
28
Cetera Investment Advisers
Schaumburg,
Illinois
| – | -$797K | -17,947 | Closed |
|
|
FTUS
29
Flow Traders U.S.
New York
| – | -$510K | -11,478 | Closed |
|
|
CA
30
Cetera Advisors
Denver,
Colorado
| – | -$318K | -7,164 | Closed |
|
|
CFGS
31
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$280K | -6,234 | Closed |
|
32
UBS Group
Zurich,
Switzerland
| – | -$67.1K | -1,511 | Closed |
|
33
Wells Fargo
San Francisco,
California
| – | -$6.88K | -155 | Closed |
|
|
MCC
34
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$1.78K | -40 | Closed |
|
35
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$2K | -34 | Closed |
|
HYBB Hedge Fund Activity: Q1 2023 in Review
26 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in iShares BB Rated Corporate Bond ETF (HYBB) for Q1 2023, worth a combined $252M — down 27% from $345M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of HYBB and 3 opened new positions — a net loss of 6 holders — while 13 trimmed existing stakes and 6 added.
The largest buyer was Jane Street, adding an estimated $18.2M. The largest seller was Stifel Financial, cutting an estimated $43.7M.
- 26 institutional investors held iShares BB Rated Corporate Bond ETF (HYBB) as of Q1 2023, down from 33 in Q4 2022.
- Funds reported $252M of iShares BB Rated Corporate Bond ETF stock for Q1 2023, down 27% quarter-over-quarter.
- 3 funds opened new iShares BB Rated Corporate Bond ETF positions in Q1 2023 and 9 closed out, a net change of -6 holders.
- The largest iShares BB Rated Corporate Bond ETF buyer in Q1 2023 was Jane Street, an estimated $18.2M added.
- The largest iShares BB Rated Corporate Bond ETF seller in Q1 2023 was Stifel Financial, an estimated $43.7M sold.
Based on aggregated 13F filings for Q1 2023.