iShares iBonds 2025 Term High Yield and Income ETF
IBHE
IBHE was delisted on the 15th of December, 2025.
141 hedge funds and large institutions have $277M invested in iShares iBonds 2025 Term High Yield and Income ETF in 2025 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 49 increasing their positions, 49 reducing their positions, and 16 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 49
3.44% less ownership
Funds ownership: 60.09% → 56.65% (-3.4%)
5% less funds holding
Funds holding: 149 → 141 (-8)
17% less capital invested
Capital invested by funds: $333M → $277M (-$55.7M)
19% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 16
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$4.83M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$2.28M |
| 3 |
LIA
LBMC Investment Advisors
Brentwood,
Tennessee
|
+$1.01M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$792K |
| 5 |
MAWAG
Mid-American Wealth Advisory Group
Kansas City,
Missouri
|
+$791K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HC
Hurley Capital
New York
|
-$5.64M |
| 2 |
Morgan Stanley
New York
|
-$5.33M |
| 3 |
MSRI
Michael S. Ryan Inc
Latham,
New York
|
-$5.07M |
| 4 |
AF
Arrow Financial
Glens Falls,
New York
|
-$4.62M |
| 5 |
CFG
Carr Financial Group
Worcester,
Massachusetts
|
-$1.99M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DAS
151
Diversify Advisory Services
Sandy,
Utah
| – | -$232K | -10,023 | Closed |
|
|
AG
152
AmeriFlex Group
Las Vegas,
Nevada
| – | -$232K | -9,976 | Closed |
|
|
AWM
153
Aprio Wealth Management
Atlanta,
Georgia
| – | -$229K | -9,858 | Closed |
|
|
GM
154
GeoWealth Management
Chicago,
Illinois
| – | -$198K | -8,526 | Closed |
|
155
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$45.7K | -1,965 | Closed |
|
|
PGAM
156
Princeton Global Asset Management
Princeton,
New Jersey
| – | -$31.2K | -1,342 | Closed |
|
|
SAM
157
Smartleaf Asset Management
Boston,
Massachusetts
| – | -$2.35K | -101 | Closed |
|
|
SWIG
158
Strategic Wealth Investment Group
Louisville,
Kentucky
| – | -$419 | -18 | Closed |
|
IBHE Hedge Fund Activity: Q3 2025 in Review
141 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in iShares iBonds 2025 Term High Yield and Income ETF (IBHE) for Q3 2025, worth a combined $277M — down 17% from $333M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of IBHE and 13 opened new positions — a net loss of 3 holders — while 49 trimmed existing stakes and 49 added.
The largest buyer was Cetera Investment Advisers, adding an estimated $4.83M. The largest seller was Hurley Capital, cutting an estimated $5.64M.
- 141 institutional investors held iShares iBonds 2025 Term High Yield and Income ETF (IBHE) as of Q3 2025, down from 149 in Q2 2025.
- Funds reported $277M of iShares iBonds 2025 Term High Yield and Income ETF stock for Q3 2025, down 17% quarter-over-quarter.
- 13 funds opened new iShares iBonds 2025 Term High Yield and Income ETF positions in Q3 2025 and 16 closed out, a net change of -3 holders.
- The largest iShares iBonds 2025 Term High Yield and Income ETF buyer in Q3 2025 was Cetera Investment Advisers, an estimated $4.83M added.
- The largest iShares iBonds 2025 Term High Yield and Income ETF seller in Q3 2025 was Hurley Capital, an estimated $5.64M sold.
Based on aggregated 13F filings for Q3 2025.