iShares iBonds Dec 2028 Term Corporate ETF
IBDT
413 hedge funds and large institutions have $2.7B invested in iShares iBonds Dec 2028 Term Corporate ETF in 2025 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 249 increasing their positions, 56 reducing their positions, and 24 closing their positions.
345% more repeat investments, than reductions
Existing positions increased: 249 | Existing positions reduced: 56
150% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 24
21% more funds holding in top 10
Funds holding in top 10: 14 → 17 (+3)
17% more capital invested
Capital invested by funds: $2.31B → $2.7B (+$395M)
8% more funds holding
Funds holding: 382 → 413 (+31)
3.11% more ownership
Funds ownership: 73.54% → 76.66% (+3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mercer Global Advisors
Denver,
Colorado
|
+$140M |
| 2 |
HPC
HM Payson & Co
Portland,
Maine
|
+$57.2M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$20M |
| 4 |
SAM
Summit Asset Management
Memphis,
Tennessee
|
+$18.3M |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$14.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$18.5M |
| 2 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$10.2M |
| 3 |
SF
Summit Financial
Parsippany,
New Jersey
|
-$6.41M |
| 4 |
PAS
Park Avenue Securities
New York
|
-$4.04M |
| 5 |
MGIA
Matthew Goff Investment Advisor
Houston,
Texas
|
-$3.63M |
IBDT Hedge Fund Activity: Q4 2025 in Review
413 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in iShares iBonds Dec 2028 Term Corporate ETF (IBDT) for Q4 2025, worth a combined $2.7B — up 17% from $2.31B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new IBDT positions and 24 closed out — a net gain of 36 holders — while 249 added to existing stakes and 56 trimmed.
The largest buyer was Mercer Global Advisors, adding an estimated $140M. The largest seller was Royal Bank of Canada, cutting an estimated $18.5M.
- 413 institutional investors held iShares iBonds Dec 2028 Term Corporate ETF (IBDT) as of Q4 2025, up from 382 in Q3 2025.
- Funds reported $2.7B of iShares iBonds Dec 2028 Term Corporate ETF stock for Q4 2025, up 17% quarter-over-quarter.
- 60 funds opened new iShares iBonds Dec 2028 Term Corporate ETF positions in Q4 2025 and 24 closed out, a net change of +36 holders.
- The largest iShares iBonds Dec 2028 Term Corporate ETF buyer in Q4 2025 was Mercer Global Advisors, an estimated $140M added.
- The largest iShares iBonds Dec 2028 Term Corporate ETF seller in Q4 2025 was Royal Bank of Canada, an estimated $18.5M sold.
Based on aggregated 13F filings for Q4 2025.