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iShares 10+ Year Investment Grade Corporate Bond ETF

31 hedge funds and large institutions have $168M invested in iShares 10+ Year Investment Grade Corporate Bond ETF in 2013 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

3% more funds holding

Funds holding: 3031 (+1)

4.76% less ownership

Funds ownership: 67.58%62.82% (-4.8%)

16% less capital invested

Capital invested by funds: $200M → $168M (-$32.4M)

18% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 11

Holders
31
Holders Change
+1
Holders Change %
+3.33%
% of All Funds
0.9%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
9
Reduced
11
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KeyBank National Association
1
KeyBank National Association
Ohio
$50.9M -$8.04M -144,973 -14%
Bank of Montreal
2
Bank of Montreal
Ontario, Canada
$31.6M
AssetMark Inc
3
AssetMark Inc
California
$12.2M +$874K +15,758 +8%
Bank of America
4
Bank of America
North Carolina
$11.1M -$27.7M -500,155 -71%
U
5
UBS
Switzerland
$10.1M -$2.3M -41,441 -18%
Morgan Stanley
6
Morgan Stanley
New York
$9.14M -$2.94M -52,966 -24%
Susquehanna International Group
7
Susquehanna International Group
Pennsylvania
$8.82M +$8.88M +160,131 New
Commonwealth Equity Services
8
Commonwealth Equity Services
Massachusetts
$5.28M -$2.43M -43,759 -31%
Lazard Asset Management
9
Lazard Asset Management
New York
$5.08M
BFA
10
BlackRock Fund Advisors
California
$4.93M -$325K -5,863 -6%
Jane Street
11
Jane Street
New York
$4.44M +$4.48M +80,720 New
LPL Financial
12
LPL Financial
California
$3.36M -$484K -8,725 -12%
JG
13
Jefferies Group
New York
$2.7M -$2.85M -51,390 -51%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$1.42M +$518K +9,337 +57%
Wells Fargo
15
Wells Fargo
California
$1.35M -$1.27M -22,872 -48%
CIM
16
Confluence Investment Management
Missouri
$1.06M +$488K +8,794 +84%
Goldman Sachs
17
Goldman Sachs
New York
$758K +$372K +6,714 +95%
VKH
18
Virtu KCG Holdings
New York
$632K +$636K +11,476 New
PAG
19
Private Advisor Group
New Jersey
$632K +$637K +11,487 New
BFEC
20
Benjamin F. Edwards & Company
Missouri
$466K +$242K +4,370 +107%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$438K +$442K +7,974 New
LTFS
22
Ladenburg Thalmann Financial Services
Florida
$308K +$292K +5,258 +1,520%
SCM
23
Saba Capital Management
New York
$220K +$222K +3,998 New
CS
24
Credit Suisse
Switzerland
$207K -$14.9K -268 -7%
Envestnet Asset Management
25
Envestnet Asset Management
Illinois
$179K +$11.2K +202 +7%

IGLB Hedge Fund Activity: Q4 2013 in Review

31 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) for Q4 2013, worth a combined $168M — down 16% from $200M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new IGLB positions and 6 closed out — a net gain of 2 holders — while 9 added to existing stakes and 11 trimmed.

The largest buyer was Susquehanna International Group, opening a new position worth an estimated $8.88M. The largest seller was Bank of America, cutting an estimated $27.7M.

  • 31 institutional investors held iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) as of Q4 2013, up from 30 in Q3 2013.
  • Funds reported $168M of iShares 10+ Year Investment Grade Corporate Bond ETF stock for Q4 2013, down 16% quarter-over-quarter.
  • 8 funds opened new iShares 10+ Year Investment Grade Corporate Bond ETF positions in Q4 2013 and 6 closed out, a net change of +2 holders.
  • The largest iShares 10+ Year Investment Grade Corporate Bond ETF buyer in Q4 2013 was Susquehanna International Group, an estimated $8.88M added.
  • The largest iShares 10+ Year Investment Grade Corporate Bond ETF seller in Q4 2013 was Bank of America, an estimated $27.7M sold.

Based on aggregated 13F filings for Q4 2013.