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PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS

161 hedge funds and large institutions have $2.42B invested in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in 2013 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 75 increasing their positions, 41 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 10

83% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 41

52% more call options, than puts

Call options by funds: $3.65M | Put options by funds: $2.4M

38% more capital invested

Capital invested by funds: $1.76B → $2.42B (+$665M)

29% more funds holding in top 10

Funds holding in top 10: 14 → 18 (+4)

14% more funds holding

Funds holding: 141 → 161 (+20)

5.04% less ownership

Funds ownership: 69.5% → 64.46% (-5%)

Holders
161
Holders Change
+20
Holders Change %
+14.18%
% of All Funds
4.67%
Holding in Top 10
18
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+28.57%
% of All Funds
0.52%
New
31
Increased
75
Reduced
41
Closed
10
Calls
$3.65M
Puts
$2.4M
Net Calls
+$1.24M
Net Calls Change
+$1.24M

Top Buyers

1
CSIA
Charles Schwab Investment Advisory
California
+$76.2M
2
Allianz Asset Management
Allianz Asset Management
Germany
+$43M
3
FSIM
F-Squared Investment Management
Massachusetts
+$26.5M
4
Morgan Stanley
Morgan Stanley
New York
+$21.4M
5
Bank of America
Bank of America
North Carolina
+$20.3M

Top Sellers

1
UCFA
United Capital Financial Advisors
Texas
-$16M
2
SONJCPFB
State of New Jersey Common Pension Fund B
New Jersey
-$10.5M
3
WIM
Windhaven Investment Management
Massachusetts
-$9.15M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$8.8M
5
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
-$7.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
WIM
1
Windhaven Investment Management
Massachusetts
$383M -$9.15M -86,275 -2%
Allianz Asset Management
2
Allianz Asset Management
Germany
$228M +$43M +405,600 +23%
RIG
3
RiverFront Investment Group
Virginia
$183M -$5.16M -48,662 -3%
Envestnet Asset Management
4
Envestnet Asset Management
Illinois
$129M -$8.8M -82,919 -6%
CSIA
5
Charles Schwab Investment Advisory
California
$115M +$76.2M +717,915 +200%
BTS
6
BB&T Securities
Virginia
$93.7M +$1.51M +14,277 +19%
Morgan Stanley
7
Morgan Stanley
New York
$92.6M +$21.4M +201,306 +30%
CC
8
Curian Capital
Colorado
$79.2M +$3.13M +29,543 +4%
Bank of America
9
Bank of America
North Carolina
$74.1M +$20.3M +191,067 +38%
PNC Financial Services Group
10
PNC Financial Services Group
Pennsylvania
$72.4M +$16M +150,901 +28%
Ameriprise
11
Ameriprise
Minnesota
$67.6M -$3.86M -36,404 -5%
WCM
12
Weatherstone Capital Management
Colorado
$65.3M +$3.87M +36,465 +6%
LPL Financial
13
LPL Financial
California
$57M -$6.74M -63,571 -11%
SAS
14
Sage Advisory Services
Texas
$54.5M +$3.69M +34,770 +7%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$47.8M +$1.2M +11,317 +3%
FSIM
16
F-Squared Investment Management
Massachusetts
$47.3M +$26.5M +249,787 +128%
U
17
UBS
Switzerland
$46.7M +$7.57M +71,310 +19%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$41.9M +$1.63M +15,319 +4%
BCI
19
Brinker Capital Investments
Pennsylvania
$31.1M +$859K +8,097 +3%
HIM
20
Hanlon Investment Management
New Jersey
$27.4M +$16.2M +152,757 +145%
LTFS
21
Ladenburg Thalmann Financial Services
Florida
$24.8M -$981K -9,250 -4%
Commonwealth Equity Services
22
Commonwealth Equity Services
Massachusetts
$24M +$3.41M +32,113 +17%
B
23
Baird
Wisconsin
$23.1M -$668K -6,300 -3%
YMRC
24
Yorktown Management & Research Company
Virginia
$21.9M – – –
AC
25
AFAM Capital
Texas
$19M -$3.76M -35,455 -17%
1
2 3 4 5

HYS Hedge Fund Activity: Q4 2013 in Review

161 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (HYS) for Q4 2013, worth a combined $2.42B — up 38% from $1.76B a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new HYS positions and 10 closed out — a net gain of 21 holders — while 75 added to existing stakes and 41 trimmed.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $76.2M. The largest seller was United Capital Financial Advisors, exiting entirely with an estimated $16M sold.

  • 161 institutional investors held PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (HYS) as of Q4 2013, up from 141 in Q3 2013.
  • Funds reported $2.42B of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund stock for Q4 2013, up 38% quarter-over-quarter.
  • 31 funds opened new PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund positions in Q4 2013 and 10 closed out, a net change of +21 holders.
  • The largest PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund buyer in Q4 2013 was Charles Schwab Investment Advisory, an estimated $76.2M added.
  • The largest PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund seller in Q4 2013 was United Capital Financial Advisors, an estimated $16M sold.

Based on aggregated 13F filings for Q4 2013.