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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
165
Holders Change
+19
Holders Change %
+13.01%
% of All Funds
2.9%
Holding in Top 10
4
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-50%
% of All Funds
0.07%
New
39
Increased
68
Reduced
40
Closed
19
Calls
$2.76M
Puts
$9.42M
Net Calls
-$6.66M
Net Calls Change
-$7.32M

Top Buyers

Rank Fund Capital Flow
1
Citigroup
Citigroup
New York
+$102M
2
JP Morgan Chase
JP Morgan Chase
New York
+$71.4M
3
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$41.5M
4
AllianceBernstein
AllianceBernstein
Tennessee
+$31.4M
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$26.4M

Top Sellers

Rank Fund Capital Flow
1
FI
FormulaFolio Investments
Michigan
-$117M
2
AWM
AE Wealth Management
Kansas
-$33.7M
3
SS
Simplicity Solutions
Minnesota
-$33.3M
4
SL
Systelligence LLC
Minnesota
-$24.3M
5
SRA
Summit Rock Advisors
New York
-$16.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
LFF
126
Level Four Financial
Texas
$221K – – –
HIA
127
Harbor Investment Advisory
Maryland
$216K – – –
LNC
128
Lincoln National Corp
Pennsylvania
$205K +$214K +2,091 New
IFG
129
Independent Financial Group
California
$204K +$213K +2,076 New
WS
130
Wedbush Securities
California
$202K +$211K +2,058 New
ACM
131
Anfield Capital Management
California
$199K +$207K +2,023 New
DWMG
132
DB Wealth Management Group
California
$193K +$113K +1,105 +129%
MAWCM
133
Mine & Arao Wealth Creation & Management
California
$161K +$102 +1 +0.1%
BFEC
134
Benjamin F. Edwards & Company
Missouri
$160K +$116K +1,135 +229%
BCV
135
Banque Cantonale Vaudoise
Switzerland
$158K +$165K +1,607 New
PFBT
136
Parkside Financial Bank & Trust
Missouri
$147K – – –
CQS
137
Credential Qtrade Securities
$140K +$113K +1,100 +344%
PWM
138
Prentice Wealth Management
New York
$138K +$144K +1,409 New
SFS
139
Sowell Financial Services
Arkansas
$113K -$3.59K -35 -3%
CAC
140
Certified Advisory Corp
Florida
$105K +$110K +1,072 New
CCA
141
Catalyst Capital Advisors
New York
$104K +$33.8K +330 +45%
ACM
142
Allred Capital Management
Texas
$98.2K +$102K +1,000 New
GRP
143
Global Retirement Partners
California
$84K +$72.9K +711 +487%
FFA
144
Founders Financial Alliance
North Carolina
$83K +$89.7K +875 New
DI
145
Disciplined Investments
Oklahoma
$76K +$102 +1 +0.1%
AWA
146
Artemis Wealth Advisors
New York
$71.1K +$3.59K +35 +5%
CFGS
147
Concourse Financial Group Securities
Alabama
$70K -$751K -7,326 -91%
ACA
148
Aptus Capital Advisors
Alabama
$50K – – –
Carson Wealth (CWM LLC)
149
Carson Wealth (CWM LLC)
Nebraska
$48K – – –
Rockefeller Capital Management
150
Rockefeller Capital Management
New York
$45K -$3.18K -31 -6%
4 5
6
7 8

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.