iShares iBoxx $ High Yield Corporate Bond ETF
839 hedge funds and large institutions have $15.3B invested in iShares iBoxx $ High Yield Corporate Bond ETF in 2023 Q1 according to their latest regulatory filings, with 92 funds opening new positions, 276 increasing their positions, 345 reducing their positions, and 126 closing their positions.
8.8% more ownership
Funds ownership: 113.78% → 122.57% (+8.8%)
6% less funds holding
Funds holding: 896 → 839 (-57)
18% less funds holding in top 10
Funds holding in top 10: 78 → 64 (-14)
19% less capital invested
Capital invested by funds: $19B → $15.3B (-$3.68B)
20% less repeat investments, than reductions
Existing positions increased: 276 | Existing positions reduced: 345
27% less first-time investments, than exits
New positions opened: 92 | Existing positions closed: 126
74% less call options, than puts
Call options by funds: $7.73B | Put options by funds: $29.3B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$1.29B |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$444M |
| 3 |
Squarepoint
New York
|
+$208M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$206M |
| 5 |
TC
Toews Corporation
Northfield,
New Jersey
|
+$157M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
-$2.29B |
| 2 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
-$654M |
| 3 |
AssetMark Inc
Concord,
California
|
-$615M |
| 4 |
EIM
Elliott Investment Management
West Palm Beach,
Florida
|
-$483M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$381M |
HYG Hedge Fund Activity: Q1 2023 in Review
839 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in iShares iBoxx $ High Yield Corporate Bond ETF (HYG) for Q1 2023, worth a combined $15.3B — down 19% from $19B a quarter earlier.
Sellers outnumbered buyers: 126 funds closed out of HYG and 92 opened new positions — a net loss of 34 holders — while 345 trimmed existing stakes and 276 added.
The largest buyer was Jane Street, adding an estimated $1.29B. The largest seller was Clark Capital Management Group, exiting entirely with an estimated $2.29B sold.
- 839 institutional investors held iShares iBoxx $ High Yield Corporate Bond ETF (HYG) as of Q1 2023, down from 896 in Q4 2022.
- Funds reported $15.3B of iShares iBoxx $ High Yield Corporate Bond ETF stock for Q1 2023, down 19% quarter-over-quarter.
- 92 funds opened new iShares iBoxx $ High Yield Corporate Bond ETF positions in Q1 2023 and 126 closed out, a net change of -34 holders.
- The largest iShares iBoxx $ High Yield Corporate Bond ETF buyer in Q1 2023 was Jane Street, an estimated $1.29B added.
- The largest iShares iBoxx $ High Yield Corporate Bond ETF seller in Q1 2023 was Clark Capital Management Group, an estimated $2.29B sold.
Based on aggregated 13F filings for Q1 2023.