iShares Convertible Bond ETF
ICVT
90 hedge funds and large institutions have $236M invested in iShares Convertible Bond ETF in 2020 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 33 increasing their positions, 25 reducing their positions, and 20 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 25
10% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 20
2.76% more ownership
Funds ownership: 55.63% → 58.39% (+2.8%)
1% less call options, than puts
Call options by funds: $11.1M | Put options by funds: $11.1M
5% less capital invested
Capital invested by funds: $248M → $236M (-$12.1M)
1% less funds holding
Funds holding: 91 → 90 (-1)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$84.4M |
| 2 |
FI
FormulaFolio Investments
Grand Rapids,
Michigan
|
+$9.99M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$9.72M |
| 4 |
SL
Systelligence LLC
Bloomington,
Minnesota
|
+$5.12M |
| 5 |
CCP
Cardan Capital Partners
Denver,
Colorado
|
+$2.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BGDI
BW Gestao de Investimentos
Sao Paulo,
Brazil
|
-$63.1M |
| 2 |
CM
Columbus Macro
New Castle,
Pennsylvania
|
-$7.49M |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$7.4M |
| 4 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$4.06M |
| 5 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
-$4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CA
101
Calton & Associates
Tampa,
Florida
| – | -$243K | -3,880 | Closed |
|
102
Creative Planning
Overland Park,
Kansas
| – | -$240K | -3,830 | Closed |
|
|
GIA
103
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
| – | -$227K | -3,616 | Closed |
|
104
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$140K | -2,238 | Closed |
|
|
ACM
105
Allred Capital Management
Dallas,
Texas
| – | -$125K | -2,000 | Closed |
|
|
GWM
106
Geneos Wealth Management
Englewood,
Colorado
| – | -$12K | -200 | Closed |
|
|
NL
107
NVWM LLC
Yardley,
Pennsylvania
| – | -$10K | -160 | Closed |
|
|
IFWM
108
Institute for Wealth Management
Denver,
Colorado
| – | -$6K | -100 | Closed |
|
|
LAS
109
Lloyd Advisory Services
Suwanee,
Georgia
| – | -$3K | -45 | Closed |
|
ICVT Hedge Fund Activity: Q1 2020 in Review
90 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in iShares Convertible Bond ETF (ICVT) for Q1 2020, worth a combined $236M — down 4.9% from $248M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new ICVT positions and 20 closed out — a net gain of 2 holders — while 33 added to existing stakes and 25 trimmed.
The largest buyer was Jane Street, adding an estimated $84.4M. The largest seller was BW Gestao de Investimentos, cutting an estimated $63.1M.
- 90 institutional investors held iShares Convertible Bond ETF (ICVT) as of Q1 2020, down from 91 in Q4 2019.
- Funds reported $236M of iShares Convertible Bond ETF stock for Q1 2020, down 4.9% quarter-over-quarter.
- 22 funds opened new iShares Convertible Bond ETF positions in Q1 2020 and 20 closed out, a net change of +2 holders.
- The largest iShares Convertible Bond ETF buyer in Q1 2020 was Jane Street, an estimated $84.4M added.
- The largest iShares Convertible Bond ETF seller in Q1 2020 was BW Gestao de Investimentos, an estimated $63.1M sold.
Based on aggregated 13F filings for Q1 2020.