iShares Convertible Bond ETF
ICVT
231 hedge funds and large institutions have $901M invested in iShares Convertible Bond ETF in 2023 Q4 according to their latest regulatory filings, with 46 funds opening new positions, 75 increasing their positions, 81 reducing their positions, and 21 closing their positions.
119% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 21
19% more capital invested
Capital invested by funds: $758M → $901M (+$143M)
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
10% more funds holding
Funds holding: 210 → 231 (+21)
3.1% more ownership
Funds ownership: 53.74% → 56.84% (+3.1%)
7% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 81
53% less call options, than puts
Call options by funds: $23.3M | Put options by funds: $49.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AssetMark Inc
Concord,
California
|
+$86.3M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$48.5M |
| 3 |
GT
Greenleaf Trust
Kalamazoo,
Michigan
|
+$21.9M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$21.1M |
| 5 |
CAC
Certified Advisory Corp
Altamonte Springs,
Florida
|
+$11.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$48.4M |
| 2 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
-$45.5M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$15.3M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$14.2M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$10.6M |
ICVT Hedge Fund Activity: Q4 2023 in Review
231 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in iShares Convertible Bond ETF (ICVT) for Q4 2023, worth a combined $901M — up 19% from $758M a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new ICVT positions and 21 closed out — a net gain of 25 holders — while 75 added to existing stakes and 81 trimmed.
The largest buyer was AssetMark Inc, adding an estimated $86.3M. The largest seller was Bank of Nova Scotia, exiting entirely with an estimated $48.4M sold.
- 231 institutional investors held iShares Convertible Bond ETF (ICVT) as of Q4 2023, up from 210 in Q3 2023.
- Funds reported $901M of iShares Convertible Bond ETF stock for Q4 2023, up 19% quarter-over-quarter.
- 46 funds opened new iShares Convertible Bond ETF positions in Q4 2023 and 21 closed out, a net change of +25 holders.
- The largest iShares Convertible Bond ETF buyer in Q4 2023 was AssetMark Inc, an estimated $86.3M added.
- The largest iShares Convertible Bond ETF seller in Q4 2023 was Bank of Nova Scotia, an estimated $48.4M sold.
Based on aggregated 13F filings for Q4 2023.