iShares Convertible Bond ETF
ICVT
210 hedge funds and large institutions have $758M invested in iShares Convertible Bond ETF in 2023 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 82 increasing their positions, 66 reducing their positions, and 29 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 66
17% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 29
8% more capital invested
Capital invested by funds: $703M → $758M (+$54.5M)
1% more funds holding
Funds holding: 207 → 210 (+3)
1% more call options, than puts
Call options by funds: $40.7M | Put options by funds: $40.4M
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
2.97% less ownership
Funds ownership: 56.71% → 53.74% (-3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$49.6M |
| 2 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
+$46.9M |
| 3 |
PWMG
Prestige Wealth Management Group
Flemington,
New Jersey
|
+$23.9M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$15.2M |
| 5 |
Nomura Asset Management
Tokyo,
Japan
|
+$11.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$69.3M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$28.8M |
| 3 |
PPFA
Provida Pension Fund Administrator
Las Condes, Santiago,
Chile
|
-$18.9M |
| 4 |
SAM
Synergy Asset Management
Vancouver,
Washington
|
-$8.79M |
| 5 |
ANTB
AMG National Trust Bank
Greenwood Village,
Colorado
|
-$6.91M |
ICVT Hedge Fund Activity: Q3 2023 in Review
210 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in iShares Convertible Bond ETF (ICVT) for Q3 2023, worth a combined $758M — up 7.7% from $703M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new ICVT positions and 29 closed out — a net gain of 5 holders — while 82 added to existing stakes and 66 trimmed.
The largest buyer was Bank of Nova Scotia, opening a new position worth an estimated $49.6M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $69.3M sold.
- 210 institutional investors held iShares Convertible Bond ETF (ICVT) as of Q3 2023, up from 207 in Q2 2023.
- Funds reported $758M of iShares Convertible Bond ETF stock for Q3 2023, up 7.7% quarter-over-quarter.
- 34 funds opened new iShares Convertible Bond ETF positions in Q3 2023 and 29 closed out, a net change of +5 holders.
- The largest iShares Convertible Bond ETF buyer in Q3 2023 was Bank of Nova Scotia, an estimated $49.6M added.
- The largest iShares Convertible Bond ETF seller in Q3 2023 was 1832 Asset Management, an estimated $69.3M sold.
Based on aggregated 13F filings for Q3 2023.