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iShares iBoxx $ Investment Grade Corporate Bond ETF

1,076 hedge funds and large institutions have $41.8B invested in iShares iBoxx $ Investment Grade Corporate Bond ETF in 2021 Q1 according to their latest regulatory filings, with 71 funds opening new positions, 374 increasing their positions, 487 reducing their positions, and 134 closing their positions.

New
Increased
Maintained
Reduced
Closed

5.93% more ownership

Funds ownership: 94.38%100.31% (+5.9%)

7% less funds holding

Funds holding: 1,1531,076 (-77)

20% less capital invested

Capital invested by funds: $51.9B → $41.8B (-$10.2B)

23% less repeat investments, than reductions

Existing positions increased: 374 | Existing positions reduced: 487

36% less funds holding in top 10

Funds holding in top 10: 169108 (-61)

47% less first-time investments, than exits

New positions opened: 71 | Existing positions closed: 134

65% less call options, than puts

Call options by funds: $2.78B | Put options by funds: $7.93B

Holders
1,076
Holders Change
-77
Holders Change %
-6.68%
% of All Funds
18.89%
Holding in Top 10
108
Holding in Top 10 Change
-61
Holding in Top 10 Change %
-36.09%
% of All Funds
1.9%
New
71
Increased
374
Reduced
487
Closed
134
Calls
$2.78B
Puts
$7.93B
Net Calls
-$5.15B
Net Calls Change
-$2.81B
Name Holding Trade Value Shares
Change
Change in
Stake
SOMRS
26
State of Michigan Retirement System
Michigan
$332M +$77.6M +583,400 +30%
NMIMC
27
Northwestern Mutual Investment Management Company
Wisconsin
$324M -$54.7M -411,300 -14%
UIM
28
USS Investment Management
United Kingdom
$310M
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$296M +$1.35M +10,162 +0.4%
AFIMH
30
American Family Insurance Mutual Holding
Wisconsin
$270M +$103M +775,000 +59%
AssetMark Inc
31
AssetMark Inc
California
$262M -$43.4M -325,881 -14%
AC
32
Allstate Corporation
Illinois
$241M +$122M +915,885 +97%
PP
33
Prudential plc
United Kingdom
$219M +$8.13M +61,103 +4%
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$213M -$34.9M -262,656 -14%
SFM
35
Soros Fund Management
New York
$206M
GLI
36
Guardian Life Insurance
New York
$202M
VA
37
Valmark Advisers
Ohio
$200M +$12.2M +91,973 +6%
Osaic Holdings
38
Osaic Holdings
Arizona
$189M -$116M -875,422 -38%
Mackenzie Financial
39
Mackenzie Financial
Ontario, Canada
$177M -$50.6M -380,600 -22%
Truist Financial
40
Truist Financial
North Carolina
$167M +$15.3M +114,876 +10%
Janney Montgomery Scott
41
Janney Montgomery Scott
Pennsylvania
$166M -$88.1M -662,180 -34%
PAM
42
Panagora Asset Management
Massachusetts
$148M -$3.75M -28,175 -2%
BA
43
Bridgewater Associates
Connecticut
$143M -$509K -3,824 -0.3%
Canada Pension Plan Investment Board
44
Canada Pension Plan Investment Board
Ontario, Canada
$142M -$357M -2,680,000 -71%
MOACM
45
Mutual of America Capital Management
New York
$141M +$898K +6,750 +0.6%
Citigroup
46
Citigroup
New York
$140M -$474M -3,561,232 -77%
VFA
47
Voya Financial Advisors
Connecticut
$132M +$15.9M +119,179 +13%
Citadel Advisors
48
Citadel Advisors
Florida
$132M +$132M +995,733 +5,537%
State of Wisconsin Investment Board
49
State of Wisconsin Investment Board
Wisconsin
$126M +$22.4M +168,060 +21%
PSUF
50
People's United Financial
Connecticut
$125M +$42.9M +322,238 +51%

LQD Hedge Fund Activity: Q1 2021 in Review

1,076 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) for Q1 2021, worth a combined $41.8B — down 20% from $51.9B a quarter earlier.

Sellers outnumbered buyers: 134 funds closed out of LQD and 71 opened new positions — a net loss of 63 holders — while 487 trimmed existing stakes and 374 added.

The largest buyer was Nuveen, adding an estimated $585M. The largest seller was Guggenheim Capital, cutting an estimated $1.08B.

  • 1,076 institutional investors held iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) as of Q1 2021, down from 1,153 in Q4 2020.
  • Funds reported $41.8B of iShares iBoxx $ Investment Grade Corporate Bond ETF stock for Q1 2021, down 20% quarter-over-quarter.
  • 71 funds opened new iShares iBoxx $ Investment Grade Corporate Bond ETF positions in Q1 2021 and 134 closed out, a net change of -63 holders.
  • The largest iShares iBoxx $ Investment Grade Corporate Bond ETF buyer in Q1 2021 was Nuveen, an estimated $585M added.
  • The largest iShares iBoxx $ Investment Grade Corporate Bond ETF seller in Q1 2021 was Guggenheim Capital, an estimated $1.08B sold.

Based on aggregated 13F filings for Q1 2021.