iShares Convertible Bond ETF
ICVT
274 hedge funds and large institutions have $1.14B invested in iShares Convertible Bond ETF in 2024 Q1 according to their latest regulatory filings, with 68 funds opening new positions, 123 increasing their positions, 65 reducing their positions, and 20 closing their positions.
240% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 20
89% more repeat investments, than reductions
Existing positions increased: 123 | Existing positions reduced: 65
27% more capital invested
Capital invested by funds: $901M → $1.14B (+$244M)
19% more funds holding
Funds holding: 231 → 274 (+43)
5.53% more ownership
Funds ownership: 56.84% → 62.38% (+5.5%)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
56% less call options, than puts
Call options by funds: $12M | Put options by funds: $26.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$57.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$24.8M |
| 3 |
BlackRock
New York
|
+$21.5M |
| 4 |
LPL Financial
San Diego,
California
|
+$18M |
| 5 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
+$17.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GM
GeoWealth Management
Chicago,
Illinois
|
-$14.1M |
| 2 |
CAC
Certified Advisory Corp
Altamonte Springs,
Florida
|
-$12M |
| 3 |
Renaissance Technologies
New York
|
-$5.99M |
| 4 |
AssetMark Inc
Concord,
California
|
-$5.77M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$4.66M |
ICVT Hedge Fund Activity: Q1 2024 in Review
274 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in iShares Convertible Bond ETF (ICVT) for Q1 2024, worth a combined $1.14B — up 27% from $901M a quarter earlier.
Buyers outnumbered sellers: 68 funds opened new ICVT positions and 20 closed out — a net gain of 48 holders — while 123 added to existing stakes and 65 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $57.1M. The largest seller was GeoWealth Management, exiting entirely with an estimated $14.1M sold.
- 274 institutional investors held iShares Convertible Bond ETF (ICVT) as of Q1 2024, up from 231 in Q4 2023.
- Funds reported $1.14B of iShares Convertible Bond ETF stock for Q1 2024, up 27% quarter-over-quarter.
- 68 funds opened new iShares Convertible Bond ETF positions in Q1 2024 and 20 closed out, a net change of +48 holders.
- The largest iShares Convertible Bond ETF buyer in Q1 2024 was Envestnet Asset Management, an estimated $57.1M added.
- The largest iShares Convertible Bond ETF seller in Q1 2024 was GeoWealth Management, an estimated $14.1M sold.
Based on aggregated 13F filings for Q1 2024.