iShares iBoxx $ High Yield Corporate Bond ETF
716 hedge funds and large institutions have $17.3B invested in iShares iBoxx $ High Yield Corporate Bond ETF in 2020 Q1 according to their latest regulatory filings, with 102 funds opening new positions, 219 increasing their positions, 317 reducing their positions, and 171 closing their positions.
7.4% more ownership
Funds ownership: 105.28% → 112.68% (+7.4%)
4% more funds holding in top 10
Funds holding in top 10: 74 → 77 (+3)
10% less funds holding
Funds holding: 796 → 716 (-80)
13% less capital invested
Capital invested by funds: $19.9B → $17.3B (-$2.61B)
31% less repeat investments, than reductions
Existing positions increased: 219 | Existing positions reduced: 317
40% less first-time investments, than exits
New positions opened: 102 | Existing positions closed: 171
72% less call options, than puts
Call options by funds: $5.88B | Put options by funds: $20.8B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
+$1.22B |
| 2 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$835M |
| 3 |
Citigroup
New York
|
+$525M |
| 4 |
NMIMC
Northwestern Mutual Investment Management Company
Milwaukee,
Wisconsin
|
+$507M |
| 5 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$374M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$1.06B |
| 2 |
KSCM
King Street Capital Management
New York
|
-$660M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$625M |
| 4 |
Morgan Stanley
New York
|
-$309M |
| 5 |
AFIMH
American Family Insurance Mutual Holding
Madison,
Wisconsin
|
-$304M |
HYG Hedge Fund Activity: Q1 2020 in Review
716 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in iShares iBoxx $ High Yield Corporate Bond ETF (HYG) for Q1 2020, worth a combined $17.3B — down 13% from $19.9B a quarter earlier.
Sellers outnumbered buyers: 171 funds closed out of HYG and 102 opened new positions — a net loss of 69 holders — while 317 trimmed existing stakes and 219 added.
The largest buyer was State of Wisconsin Investment Board, adding an estimated $1.22B. The largest seller was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, exiting entirely with an estimated $1.06B sold.
- 716 institutional investors held iShares iBoxx $ High Yield Corporate Bond ETF (HYG) as of Q1 2020, down from 796 in Q4 2019.
- Funds reported $17.3B of iShares iBoxx $ High Yield Corporate Bond ETF stock for Q1 2020, down 13% quarter-over-quarter.
- 102 funds opened new iShares iBoxx $ High Yield Corporate Bond ETF positions in Q1 2020 and 171 closed out, a net change of -69 holders.
- The largest iShares iBoxx $ High Yield Corporate Bond ETF buyer in Q1 2020 was State of Wisconsin Investment Board, an estimated $1.22B added.
- The largest iShares iBoxx $ High Yield Corporate Bond ETF seller in Q1 2020 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $1.06B sold.
Based on aggregated 13F filings for Q1 2020.