iShares iBoxx $ High Yield Corporate Bond ETF
1,003 hedge funds and large institutions have $22.4B invested in iShares iBoxx $ High Yield Corporate Bond ETF in 2025 Q4 according to their latest regulatory filings, with 172 funds opening new positions, 361 increasing their positions, 320 reducing their positions, and 72 closing their positions.
139% more first-time investments, than exits
New positions opened: 172 | Existing positions closed: 72
13% more repeat investments, than reductions
Existing positions increased: 361 | Existing positions reduced: 320
10% more funds holding
Funds holding: 915 → 1,003 (+88)
9% more funds holding in top 10
Funds holding in top 10: 56 → 61 (+5)
1% less capital invested
Capital invested by funds: $22.6B → $22.4B (-$166M)
12.04% less ownership
Funds ownership: 123.55% → 111.52% (-12%)
71% less call options, than puts
Call options by funds: $12.7B | Put options by funds: $43.3B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
+$480M |
| 2 |
NMIMC
Northwestern Mutual Investment Management Company
Milwaukee,
Wisconsin
|
+$471M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$408M |
| 4 |
HSBC Holdings
London,
United Kingdom
|
+$275M |
| 5 |
BlackRock
New York
|
+$235M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$597M |
| 2 |
JP Morgan Chase
New York
|
-$471M |
| 3 |
Barclays
London,
United Kingdom
|
-$414M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
-$245M |
| 5 |
Goldman Sachs
New York
|
-$245M |
HYG Hedge Fund Activity: Q4 2025 in Review
1,003 of the 8,264 institutional investors tracked by Wall St. Rank reported a position in iShares iBoxx $ High Yield Corporate Bond ETF (HYG) for Q4 2025, worth a combined $22.4B — down 0.74% from $22.6B a quarter earlier.
Buyers outnumbered sellers: 172 funds opened new HYG positions and 72 closed out — a net gain of 100 holders — while 361 added to existing stakes and 320 trimmed.
The largest buyer was Ontario Teachers' Pension Plan Board, adding an estimated $480M. The largest seller was Bank of America, cutting an estimated $597M.
- 1,003 institutional investors held iShares iBoxx $ High Yield Corporate Bond ETF (HYG) as of Q4 2025, up from 915 in Q3 2025.
- Funds reported $22.4B of iShares iBoxx $ High Yield Corporate Bond ETF stock for Q4 2025, down 0.74% quarter-over-quarter.
- 172 funds opened new iShares iBoxx $ High Yield Corporate Bond ETF positions in Q4 2025 and 72 closed out, a net change of +100 holders.
- The largest iShares iBoxx $ High Yield Corporate Bond ETF buyer in Q4 2025 was Ontario Teachers' Pension Plan Board, an estimated $480M added.
- The largest iShares iBoxx $ High Yield Corporate Bond ETF seller in Q4 2025 was Bank of America, an estimated $597M sold.
Based on aggregated 13F filings for Q4 2025.