iShares iBoxx $ High Yield Corporate Bond ETF
570 hedge funds and large institutions have $14.5B invested in iShares iBoxx $ High Yield Corporate Bond ETF in 2016 Q4 according to their latest regulatory filings, with 117 funds opening new positions, 211 increasing their positions, 184 reducing their positions, and 66 closing their positions.
77% more first-time investments, than exits
New positions opened: 117 | Existing positions closed: 66
15% more repeat investments, than reductions
Existing positions increased: 211 | Existing positions reduced: 184
8% more funds holding
Funds holding: 529 → 570 (+41)
5% more capital invested
Capital invested by funds: $13.7B → $14.5B (+$737M)
5% more funds holding in top 10
Funds holding in top 10: 76 → 80 (+4)
5.68% less ownership
Funds ownership: 82.35% → 76.67% (-5.7%)
84% less call options, than puts
Call options by funds: $1.01B | Put options by funds: $6.37B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Windhaven Investment Management
Boston,
Massachusetts
|
+$431M |
| 2 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
+$352M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$317M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$263M |
| 5 |
Goldman Sachs
New York
|
+$215M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$263M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$212M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$208M |
| 4 |
TIAAOA
Teachers Insurance & Annuity Association of America
New York
|
-$166M |
| 5 |
NSLI
Nan Shan Life Insurance
Taipei City,
Taiwan
|
-$110M |
HYG Hedge Fund Activity: Q4 2016 in Review
570 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in iShares iBoxx $ High Yield Corporate Bond ETF (HYG) for Q4 2016, worth a combined $14.5B — up 5.4% from $13.7B a quarter earlier.
Buyers outnumbered sellers: 117 funds opened new HYG positions and 66 closed out — a net gain of 51 holders — while 211 added to existing stakes and 184 trimmed.
The largest buyer was Windhaven Investment Management, adding an estimated $431M. The largest seller was Morgan Stanley, cutting an estimated $263M.
- 570 institutional investors held iShares iBoxx $ High Yield Corporate Bond ETF (HYG) as of Q4 2016, up from 529 in Q3 2016.
- Funds reported $14.5B of iShares iBoxx $ High Yield Corporate Bond ETF stock for Q4 2016, up 5.4% quarter-over-quarter.
- 117 funds opened new iShares iBoxx $ High Yield Corporate Bond ETF positions in Q4 2016 and 66 closed out, a net change of +51 holders.
- The largest iShares iBoxx $ High Yield Corporate Bond ETF buyer in Q4 2016 was Windhaven Investment Management, an estimated $431M added.
- The largest iShares iBoxx $ High Yield Corporate Bond ETF seller in Q4 2016 was Morgan Stanley, an estimated $263M sold.
Based on aggregated 13F filings for Q4 2016.