State Street SPDR Bloomberg High Yield Bond ETF

JNK

Market cap $7.37B

JNK Hedge Fund Activity: Q1 2023 in Review

508 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg High Yield Bond ETF (JNK) for Q1 2023, worth a combined $7.01B — down 35% from $10.7B a quarter earlier.

Sellers outnumbered buyers: 86 funds closed out of JNK and 70 opened new positions — a net loss of 16 holders — while 202 trimmed existing stakes and 142 added.

The largest buyer was Japan Science & Technology Agency, opening a new position worth an estimated $354M. The largest seller was Clark Capital Management Group, exiting entirely with an estimated $973M sold.

• 508 institutional investors held State Street SPDR Bloomberg High Yield Bond ETF (JNK) as of Q1 2023, down from 536 in Q4 2022.
• Funds reported $7.01B of State Street SPDR Bloomberg High Yield Bond ETF stock for Q1 2023, down 35% quarter-over-quarter.
• 70 funds opened new State Street SPDR Bloomberg High Yield Bond ETF positions in Q1 2023 and 86 closed out, a net change of -16 holders.
• The largest State Street SPDR Bloomberg High Yield Bond ETF buyer in Q1 2023 was Japan Science & Technology Agency, an estimated $354M added.
• The largest State Street SPDR Bloomberg High Yield Bond ETF seller in Q1 2023 was Clark Capital Management Group, an estimated $973M sold.

Based on aggregated 13F filings for Q1 2023.