iShares iBoxx $ High Yield Corporate Bond ETF
529 hedge funds and large institutions have $13.7B invested in iShares iBoxx $ High Yield Corporate Bond ETF in 2016 Q3 according to their latest regulatory filings, with 69 funds opening new positions, 243 increasing their positions, 157 reducing their positions, and 49 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 243 | Existing positions reduced: 157
41% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 49
12% more funds holding in top 10
Funds holding in top 10: 68 → 76 (+8)
2% more funds holding
Funds holding: 518 → 529 (+11)
5% more capital invested
Capital invested by funds: $13.1B → $13.7B (+$595M)
4.88% less ownership
Funds ownership: 87.23% → 82.35% (-4.9%)
85% less call options, than puts
Call options by funds: $859M | Put options by funds: $5.6B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Windhaven Investment Management
Boston,
Massachusetts
|
+$285M |
| 2 |
TIAAOA
Teachers Insurance & Annuity Association of America
New York
|
+$278M |
| 3 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$259M |
| 4 |
BAM
BTS Asset Management
Lincoln,
Massachusetts
|
+$232M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$208M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$657M |
| 2 |
AB
Aozora Bank
Tokyo,
Japan
|
-$239M |
| 3 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
-$212M |
| 4 |
Barclays
London,
United Kingdom
|
-$180M |
| 5 |
NMIMC
Northwestern Mutual Investment Management Company
Milwaukee,
Wisconsin
|
-$157M |
HYG Hedge Fund Activity: Q3 2016 in Review
529 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in iShares iBoxx $ High Yield Corporate Bond ETF (HYG) for Q3 2016, worth a combined $13.7B — up 4.5% from $13.1B a quarter earlier.
Buyers outnumbered sellers: 69 funds opened new HYG positions and 49 closed out — a net gain of 20 holders — while 243 added to existing stakes and 157 trimmed.
The largest buyer was Windhaven Investment Management, opening a new position worth an estimated $285M. The largest seller was Goldman Sachs, cutting an estimated $657M.
- 529 institutional investors held iShares iBoxx $ High Yield Corporate Bond ETF (HYG) as of Q3 2016, up from 518 in Q2 2016.
- Funds reported $13.7B of iShares iBoxx $ High Yield Corporate Bond ETF stock for Q3 2016, up 4.5% quarter-over-quarter.
- 69 funds opened new iShares iBoxx $ High Yield Corporate Bond ETF positions in Q3 2016 and 49 closed out, a net change of +20 holders.
- The largest iShares iBoxx $ High Yield Corporate Bond ETF buyer in Q3 2016 was Windhaven Investment Management, an estimated $285M added.
- The largest iShares iBoxx $ High Yield Corporate Bond ETF seller in Q3 2016 was Goldman Sachs, an estimated $657M sold.
Based on aggregated 13F filings for Q3 2016.