State Street SPDR Bloomberg High Yield Bond ETF
507 hedge funds and large institutions have $7.03B invested in State Street SPDR Bloomberg High Yield Bond ETF in 2023 Q1 according to their latest regulatory filings, with 70 funds opening new positions, 141 increasing their positions, 202 reducing their positions, and 86 closing their positions.
5% less funds holding
Funds holding: 535 → 507 (-28)
11% less funds holding in top 10
Funds holding in top 10: 27 → 24 (-3)
19% less first-time investments, than exits
New positions opened: 70 | Existing positions closed: 86
30% less repeat investments, than reductions
Existing positions increased: 141 | Existing positions reduced: 202
64% less capital inflows, than outflows
Capital inflows: $1.37B | Capital outflows: $3.78B
77% less call options, than puts
Call options by funds: $15.5M | Put options by funds: $68.3M
84.32% less ownership
Funds ownership: 191.78% → 107.45% (-84%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Japan Science & Technology Agency
Tokyo,
Japan
|
+$354M |
| 2 |
Morgan Stanley
New York
|
+$170M |
| 3 |
TC
Toews Corporation
Northfield,
New Jersey
|
+$158M |
| 4 |
State Street
Boston,
Massachusetts
|
+$112M |
| 5 |
Renaissance Technologies
New York
|
+$60.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
-$973M |
| 2 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
-$501M |
| 3 |
Jane Street
New York
|
-$413M |
| 4 |
Elliott Investment Management
West Palm Beach,
Florida
|
-$230M |
| 5 |
AssetMark Inc
Concord,
California
|
-$227M |
JNK Hedge Fund Activity: Q1 2023 in Review
507 of the 6,287 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 $7.03B — down 24% from $9.24B 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 141 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.
- 507 institutional investors held State Street SPDR Bloomberg High Yield Bond ETF (JNK) as of Q1 2023, down from 535 in Q4 2022.
- Funds reported $7.03B of State Street SPDR Bloomberg High Yield Bond ETF stock for Q1 2023, down 24% 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.