iShares High Yield Systematic Bond ETF
HYDB
234 hedge funds and large institutions have $1.25B invested in iShares High Yield Systematic Bond ETF in 2025 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 119 increasing their positions, 56 reducing their positions, and 15 closing their positions.
147% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 15
113% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 56
22% more funds holding in top 10
Funds holding in top 10: 9 → 11 (+2)
12% more capital invested
Capital invested by funds: $1.12B → $1.25B (+$135M)
7% more funds holding
Funds holding: 218 → 234 (+16)
0.18% more ownership
Funds ownership: 75.75% → 75.93% (+0.18%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMI
Factory Mutual Insurance
Waltham,
Massachusetts
|
+$50.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$11M |
| 3 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
+$8.88M |
| 4 |
AIA
Armor Investment Advisors
Raleigh,
North Carolina
|
+$6.61M |
| 5 |
Jane Street
New York
|
+$5.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DC
Dahring Cusmano
Novi,
Michigan
|
-$6.94M |
| 2 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$4.75M |
| 3 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$3.44M |
| 4 |
DWM
Dynasty Wealth Management
St. Petersburg,
Florida
|
-$3.07M |
| 5 |
ARG
Advisory Resource Group
Tulsa,
Oklahoma
|
-$1.62M |
HYDB Hedge Fund Activity: Q3 2025 in Review
234 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in iShares High Yield Systematic Bond ETF (HYDB) for Q3 2025, worth a combined $1.25B — up 12% from $1.12B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new HYDB positions and 15 closed out — a net gain of 22 holders — while 119 added to existing stakes and 56 trimmed.
The largest buyer was Factory Mutual Insurance, opening a new position worth an estimated $50.1M. The largest seller was Dahring Cusmano, cutting an estimated $6.94M.
- 234 institutional investors held iShares High Yield Systematic Bond ETF (HYDB) as of Q3 2025, up from 218 in Q2 2025.
- Funds reported $1.25B of iShares High Yield Systematic Bond ETF stock for Q3 2025, up 12% quarter-over-quarter.
- 37 funds opened new iShares High Yield Systematic Bond ETF positions in Q3 2025 and 15 closed out, a net change of +22 holders.
- The largest iShares High Yield Systematic Bond ETF buyer in Q3 2025 was Factory Mutual Insurance, an estimated $50.1M added.
- The largest iShares High Yield Systematic Bond ETF seller in Q3 2025 was Dahring Cusmano, an estimated $6.94M sold.
Based on aggregated 13F filings for Q3 2025.