iShares iBoxx $ High Yield Corporate Bond ETF
796 hedge funds and large institutions have $20B invested in iShares iBoxx $ High Yield Corporate Bond ETF in 2019 Q4 according to their latest regulatory filings, with 189 funds opening new positions, 307 increasing their positions, 211 reducing their positions, and 47 closing their positions.
302% more first-time investments, than exits
New positions opened: 189 | Existing positions closed: 47
45% more repeat investments, than reductions
Existing positions increased: 307 | Existing positions reduced: 211
20% more funds holding
Funds holding: 665 → 796 (+131)
16% more funds holding in top 10
Funds holding in top 10: 64 → 74 (+10)
13% more capital invested
Capital invested by funds: $17.7B → $20B (+$2.25B)
3.8% more ownership
Funds ownership: 101.48% → 105.28% (+3.8%)
74% less call options, than puts
Call options by funds: $3.95B | Put options by funds: $15.1B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KSCM
King Street Capital Management
New York
|
+$653M |
| 2 |
Goldman Sachs
New York
|
+$294M |
| 3 |
RPI
Railway Pension Investments
London,
United Kingdom
|
+$261M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$236M |
| 5 |
Morgan Stanley
New York
|
+$178M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$577M |
| 2 |
Jane Street
New York
|
-$360M |
| 3 |
JP Morgan Chase
New York
|
-$331M |
| 4 |
AC
Allstate Corporation
Northbrook,
Illinois
|
-$297M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$275M |
HYG Hedge Fund Activity: Q4 2019 in Review
796 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in iShares iBoxx $ High Yield Corporate Bond ETF (HYG) for Q4 2019, worth a combined $20B — up 13% from $17.7B a quarter earlier.
Buyers outnumbered sellers: 189 funds opened new HYG positions and 47 closed out — a net gain of 142 holders — while 307 added to existing stakes and 211 trimmed.
The largest buyer was King Street Capital Management, opening a new position worth an estimated $653M. The largest seller was BlackRock, cutting an estimated $577M.
- 796 institutional investors held iShares iBoxx $ High Yield Corporate Bond ETF (HYG) as of Q4 2019, up from 665 in Q3 2019.
- Funds reported $20B of iShares iBoxx $ High Yield Corporate Bond ETF stock for Q4 2019, up 13% quarter-over-quarter.
- 189 funds opened new iShares iBoxx $ High Yield Corporate Bond ETF positions in Q4 2019 and 47 closed out, a net change of +142 holders.
- The largest iShares iBoxx $ High Yield Corporate Bond ETF buyer in Q4 2019 was King Street Capital Management, an estimated $653M added.
- The largest iShares iBoxx $ High Yield Corporate Bond ETF seller in Q4 2019 was BlackRock, an estimated $577M sold.
Based on aggregated 13F filings for Q4 2019.