iShares Convertible Bond ETF
ICVT
33 hedge funds and large institutions have $220M invested in iShares Convertible Bond ETF in 2018 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 7 reducing their positions, and 4 closing their positions.
133% more call options, than puts
Call options by funds: $14K | Put options by funds: $6K
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
86% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 7
14% more funds holding
Funds holding: 29 → 33 (+4)
10.32% less ownership
Funds ownership: 87.51% → 77.19% (-10%)
31% less capital invested
Capital invested by funds: $316M → $220M (-$96.4M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| 1 |
BCM
Bluefin Capital Management
New York
|
+$18.9M |
| 2 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$4.9M |
| 3 |
NR
Newfound Research
Wellesley Hills,
Massachusetts
|
+$1.59M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.02M |
| 5 |
Jane Street
New York
|
+$845K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPIA
26
Steward Partners Investment Advisory
New York
| $26K | – | – | – |
|
|
FRA
27
Front Row Advisors
Tiburon,
California
| $26K | +$12.1K | +213 | +85% |
|
28
Barclays
London,
United Kingdom
| $25K | – | – | – |
|
|
APA
29
American Portfolios Advisors
Holbrook,
New York
| $24.4K | – | – | – |
|
30
Citigroup
New York
| $16K | -$153K | -2,711 | -91% |
|
|
FGAM
31
Financial Gravity Asset Management
Lakeway,
Texas
| $13K | +$12.8K | +226 | New |
|
|
FGC
32
Financial Gravity Companies
Lakeway,
Texas
| $13K | +$12.8K | +226 | New |
|
33
UBS Group
Zurich,
Switzerland
| $3K | -$35.8K | -632 | -93% |
|
|
SAM
34
Stringer Asset Management
Memphis,
Tennessee
| – | -$6.98M | -126,690 | Closed |
|
35
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$1.13M | -20,565 | Closed |
|
36
Envestnet Asset Management
Chicago,
Illinois
| – | -$724K | -13,135 | Closed |
|
|
WP
37
WealthPLAN Partners
Omaha,
Nebraska
| – | -$200K | -3,629 | Closed |
|
ICVT Hedge Fund Activity: Q1 2018 in Review
33 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in iShares Convertible Bond ETF (ICVT) for Q1 2018, worth a combined $220M — down 31% from $316M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new ICVT positions and 4 closed out — a net gain of 4 holders — while 13 added to existing stakes and 7 trimmed.
The largest buyer was Bluefin Capital Management, opening a new position worth an estimated $18.9M. The largest seller was BW Gestao de Investimentos, cutting an estimated $113M.
- 33 institutional investors held iShares Convertible Bond ETF (ICVT) as of Q1 2018, up from 29 in Q4 2017.
- Funds reported $220M of iShares Convertible Bond ETF stock for Q1 2018, down 31% quarter-over-quarter.
- 8 funds opened new iShares Convertible Bond ETF positions in Q1 2018 and 4 closed out, a net change of +4 holders.
- The largest iShares Convertible Bond ETF buyer in Q1 2018 was Bluefin Capital Management, an estimated $18.9M added.
- The largest iShares Convertible Bond ETF seller in Q1 2018 was BW Gestao de Investimentos, an estimated $113M sold.
Based on aggregated 13F filings for Q1 2018.