iShares iBonds 2032 Term High Yield and Income ETF
IBHL
10 hedge funds and large institutions have $5.63M invested in iShares iBonds 2032 Term High Yield and Income ETF in 2025 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 1 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
300% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 1
67% more funds holding
Funds holding: 6 → 10 (+4)
27% less capital invested
Capital invested by funds: $7.74M → $5.63M (-$2.11M)
31.22% less ownership
Funds ownership: 75% → 43.78% (-31%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIA
LBMC Investment Advisors
Brentwood,
Tennessee
|
+$2.25M |
| 2 |
SPWM
Straight Path Wealth Management
Jenison,
Michigan
|
+$807K |
| 3 |
Morgan Stanley
New York
|
+$203K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$169K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$100K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$5.52M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
-$289K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LIA
1
LBMC Investment Advisors
Brentwood,
Tennessee
| $3.09M | +$2.25M | +87,753 | +273% |
|
|
SPWM
2
Straight Path Wealth Management
Jenison,
Michigan
| $1.1M | +$807K | +31,436 | +280% |
|
|
3
BlackRock
New York
| $515K | -$5.52M | -215,000 | -91% |
|
4
Jane Street
New York
| $276K | +$59.6K | +2,322 | +28% |
|
|
5
Morgan Stanley
New York
| $255K | +$203K | +7,912 | +398% |
|
|
6
Bank of America
Charlotte,
North Carolina
| $170K | +$169K | +6,597 | New |
|
|
7
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $100K | +$100K | +3,900 | New |
|
|
CB
8
CNB Bank
Clearfield,
Pennsylvania
| $63.1K | +$62.9K | +2,453 | New |
|
|
KAS
9
Kestra Advisory Services
Austin,
Texas
| $55.4K | +$55.2K | +2,153 | New |
|
|
BWL
10
Bogart Wealth LLC
Mclean,
Virginia
| $14.9K | +$14.9K | +581 | New |
|
|
FTUS
11
Flow Traders U.S.
New York
| – | -$289K | -11,215 | Closed |
|
IBHL Hedge Fund Activity: Q4 2025 in Review
10 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in iShares iBonds 2032 Term High Yield and Income ETF (IBHL) for Q4 2025, worth a combined $5.63M — down 27% from $7.74M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new IBHL positions and 1 closed out — a net gain of 4 holders — while 4 added to existing stakes and 1 trimmed.
The largest buyer was LBMC Investment Advisors, adding an estimated $2.25M. The largest seller was BlackRock, cutting an estimated $5.52M.
- 10 institutional investors held iShares iBonds 2032 Term High Yield and Income ETF (IBHL) as of Q4 2025, up from 6 in Q3 2025.
- Funds reported $5.63M of iShares iBonds 2032 Term High Yield and Income ETF stock for Q4 2025, down 27% quarter-over-quarter.
- 5 funds opened new iShares iBonds 2032 Term High Yield and Income ETF positions in Q4 2025 and 1 closed out, a net change of +4 holders.
- The largest iShares iBonds 2032 Term High Yield and Income ETF buyer in Q4 2025 was LBMC Investment Advisors, an estimated $2.25M added.
- The largest iShares iBonds 2032 Term High Yield and Income ETF seller in Q4 2025 was BlackRock, an estimated $5.52M sold.
Based on aggregated 13F filings for Q4 2025.