iShares Convertible Bond ETF
ICVT
165 hedge funds and large institutions have $874M invested in iShares Convertible Bond ETF in 2021 Q1 according to their latest regulatory filings, with 39 funds opening new positions, 68 increasing their positions, 40 reducing their positions, and 19 closing their positions.
105% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 19
70% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 40
16% more capital invested
Capital invested by funds: $755M → $874M (+$119M)
13% more funds holding
Funds holding: 146 → 165 (+19)
1.61% less ownership
Funds ownership: 54.99% → 53.37% (-1.6%)
50% less funds holding in top 10
Funds holding in top 10: 8 → 4 (-4)
71% less call options, than puts
Call options by funds: $2.76M | Put options by funds: $9.42M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$102M |
| 2 |
JP Morgan Chase
New York
|
+$71.4M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$41.5M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$31.4M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$26.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FI
FormulaFolio Investments
Grand Rapids,
Michigan
|
-$117M |
| 2 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$33.7M |
| 3 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
-$33.3M |
| 4 |
SL
Systelligence LLC
Bloomington,
Minnesota
|
-$24.3M |
| 5 |
SRA
Summit Rock Advisors
New York
|
-$16.6M |
ICVT Hedge Fund Activity: Q1 2021 in Review
165 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in iShares Convertible Bond ETF (ICVT) for Q1 2021, worth a combined $874M — up 16% from $755M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new ICVT positions and 19 closed out — a net gain of 20 holders — while 68 added to existing stakes and 40 trimmed.
The largest buyer was Citigroup, adding an estimated $102M. The largest seller was FormulaFolio Investments, exiting entirely with an estimated $117M sold.
- 165 institutional investors held iShares Convertible Bond ETF (ICVT) as of Q1 2021, up from 146 in Q4 2020.
- Funds reported $874M of iShares Convertible Bond ETF stock for Q1 2021, up 16% quarter-over-quarter.
- 39 funds opened new iShares Convertible Bond ETF positions in Q1 2021 and 19 closed out, a net change of +20 holders.
- The largest iShares Convertible Bond ETF buyer in Q1 2021 was Citigroup, an estimated $102M added.
- The largest iShares Convertible Bond ETF seller in Q1 2021 was FormulaFolio Investments, an estimated $117M sold.
Based on aggregated 13F filings for Q1 2021.