iShares Convertible Bond ETF
ICVT
221 hedge funds and large institutions have $738M invested in iShares Convertible Bond ETF in 2023 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 51 increasing their positions, 117 reducing their positions, and 120 closing their positions.
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
15.86% less ownership
Funds ownership: 75.28% → 59.42% (-16%)
31% less funds holding
Funds holding: 318 → 221 (-97)
34% less call options, than puts
Call options by funds: $63.2M | Put options by funds: $95.7M
48% less capital invested
Capital invested by funds: $1.41B → $738M (-$677M)
56% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 117
75% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 120
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$56.9M |
| 2 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
+$34.5M |
| 3 |
BAAM
Baker Avenue Asset Management
San Francisco,
California
|
+$15.2M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$12M |
| 5 |
AWM
Adams Wealth Management
Logan,
Utah
|
+$8.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$304M |
| 2 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$87.9M |
| 3 |
LPL Financial
San Diego,
California
|
-$64.4M |
| 4 |
BlackRock
New York
|
-$45.1M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$29.4M |
ICVT Hedge Fund Activity: Q1 2023 in Review
221 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in iShares Convertible Bond ETF (ICVT) for Q1 2023, worth a combined $738M — down 48% from $1.41B a quarter earlier.
Sellers outnumbered buyers: 120 funds closed out of ICVT and 30 opened new positions — a net loss of 90 holders — while 117 trimmed existing stakes and 51 added.
The largest buyer was Jane Street, adding an estimated $56.9M. The largest seller was Envestnet Asset Management, cutting an estimated $304M.
- 221 institutional investors held iShares Convertible Bond ETF (ICVT) as of Q1 2023, down from 318 in Q4 2022.
- Funds reported $738M of iShares Convertible Bond ETF stock for Q1 2023, down 48% quarter-over-quarter.
- 30 funds opened new iShares Convertible Bond ETF positions in Q1 2023 and 120 closed out, a net change of -90 holders.
- The largest iShares Convertible Bond ETF buyer in Q1 2023 was Jane Street, an estimated $56.9M added.
- The largest iShares Convertible Bond ETF seller in Q1 2023 was Envestnet Asset Management, an estimated $304M sold.
Based on aggregated 13F filings for Q1 2023.