iShares High Yield Systematic Bond ETF
HYDB
221 hedge funds and large institutions have $1.21B invested in iShares High Yield Systematic Bond ETF in 2025 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 87 increasing their positions, 80 reducing their positions, and 42 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 80
3% less capital invested
Capital invested by funds: $1.25B → $1.21B (-$41.3M)
2.63% less ownership
Funds ownership: 75.93% → 73.3% (-2.6%)
6% less funds holding
Funds holding: 234 → 221 (-13)
9% less funds holding in top 10
Funds holding in top 10: 11 → 10 (-1)
24% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMI
Factory Mutual Insurance
Waltham,
Massachusetts
|
+$50.2M |
| 2 |
KIM
Kestra Investment Management
Austin,
Texas
|
+$20.5M |
| 3 |
AWM
Avior Wealth Management
Omaha,
Nebraska
|
+$9.5M |
| 4 |
LPL Financial
San Diego,
California
|
+$7.45M |
| 5 |
WANY
Wealthspire Advisors (New York)
New York
|
+$6.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IWS
Insight Wealth Strategies
San Ramon,
California
|
-$23.1M |
| 2 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
-$20.5M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$17.6M |
| 4 |
BWP
BlueStem Wealth Partners
Minnetonka,
Minnesota
|
-$12.6M |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$12.5M |
HYDB Hedge Fund Activity: Q4 2025 in Review
221 of the 8,286 institutional investors tracked by Wall St. Rank reported a position in iShares High Yield Systematic Bond ETF (HYDB) for Q4 2025, worth a combined $1.21B — down 3.3% from $1.25B a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of HYDB and 32 opened new positions — a net loss of 10 holders — while 80 trimmed existing stakes and 87 added.
The largest buyer was Factory Mutual Insurance, adding an estimated $50.2M. The largest seller was Insight Wealth Strategies, exiting entirely with an estimated $23.1M sold.
- 221 institutional investors held iShares High Yield Systematic Bond ETF (HYDB) as of Q4 2025, down from 234 in Q3 2025.
- Funds reported $1.21B of iShares High Yield Systematic Bond ETF stock for Q4 2025, down 3.3% quarter-over-quarter.
- 32 funds opened new iShares High Yield Systematic Bond ETF positions in Q4 2025 and 42 closed out, a net change of -10 holders.
- The largest iShares High Yield Systematic Bond ETF buyer in Q4 2025 was Factory Mutual Insurance, an estimated $50.2M added.
- The largest iShares High Yield Systematic Bond ETF seller in Q4 2025 was Insight Wealth Strategies, an estimated $23.1M sold.
Based on aggregated 13F filings for Q4 2025.