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iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD

1,049 hedge funds and large institutions have $30B invested in iShares iBoxx $ Investment Grade Corporate Bond ETF in 2024 Q1 according to their latest regulatory filings, with 99 funds opening new positions, 376 increasing their positions, 437 reducing their positions, and 133 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more call options, than puts

Call options by funds: $4.28B | Put options by funds: $4.16B

4% less funds holding

Funds holding: 1,097 → 1,049 (-48)

8% less funds holding in top 10

Funds holding in top 10: 91 → 84 (-7)

10% less capital invested

Capital invested by funds: $33.3B → $30B (-$3.29B)

11.26% less ownership

Funds ownership: 104.03% → 92.77% (-11%)

14% less repeat investments, than reductions

Existing positions increased: 376 | Existing positions reduced: 437

26% less first-time investments, than exits

New positions opened: 99 | Existing positions closed: 133

Holders
1,049
Holders Change
-48
Holders Change %
-4.38%
% of All Funds
15.11%
Holding in Top 10
84
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-7.69%
% of All Funds
1.21%
New
99
Increased
376
Reduced
437
Closed
133
Calls
$4.28B
Puts
$4.16B
Net Calls
+$118M
Net Calls Change
+$2.14B

Top Buyers

Rank Fund Capital Flow
1
Prudential Financial
Prudential Financial
New Jersey
+$722M
2
NI
NYL Investors
New York
+$551M
3
DCP
Diameter Capital Partners
New York
+$326M
4
CC
Centiva Capital
New York
+$267M
5
Citigroup
Citigroup
New York
+$122M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.64B
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$475M
3
Bank of America
Bank of America
North Carolina
-$460M
4
AAMU
APG Asset Management US
New York
-$343M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$341M
Name Holding Trade Value Shares
Change 		Change in
Stake
SOMRS
26
State of Michigan Retirement System
Michigan
$237M – – –
Members Trust
27
Members Trust
Florida
$222M -$57.8M -532,115 -21%
Mitsubishi UFJ Asset Management
28
Mitsubishi UFJ Asset Management
Japan
$214M +$14M +129,287 +7%
Schroder Investment Management Group
29
Schroder Investment Management Group
United Kingdom
$188M -$50.3M -463,039 -21%
Marshall Wace
30
Marshall Wace
United Kingdom
$181M +$95.8M +881,429 +112%
Principal Financial Group
31
Principal Financial Group
Iowa
$173M +$100M +920,299 +138%
MOACM
32
Mutual of America Capital Management
New York
$172M – – –
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$163M -$4.86M -44,730 -3%
SGDR
34
SPX Gestao de Recursos
Brazil
$152M +$101M +931,343 +202%
Citigroup
35
Citigroup
New York
$147M +$122M +1,119,857 +493%
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$146M -$5.08M -46,769 -3%
PAM
37
Panagora Asset Management
Massachusetts
$143M +$10.5M +96,850 +8%
MD
38
Money Design
Japan
$137M +$31.3M +288,093 +30%
Fidelity Investments
39
Fidelity Investments
Massachusetts
$134M -$155M -1,428,293 -54%
BP
40
BNP Paribas
France
$131M +$131M +1,203,650 New
Stifel Financial
41
Stifel Financial
Missouri
$127M -$12.6M -115,518 -9%
Man Group
42
Man Group
United Kingdom
$120M +$8.41M +77,379 +8%
SIGI
43
Susquehanna International Group (Ireland)
Ireland
$117M +$117M +1,072,498 New
BA
44
Bridgewater Associates
Connecticut
$110M +$5.78M +53,200 +6%
D.E. Shaw & Co
45
D.E. Shaw & Co
New York
$107M -$341M -3,142,001 -76%
Allspring Global Investments
46
Allspring Global Investments
North Carolina
$94.2M +$20.5M +188,528 +28%
Mackenzie Financial
47
Mackenzie Financial
Ontario, Canada
$93.1M +$2.56M +23,600 +3%
State of New Jersey Common Pension Fund D
48
State of New Jersey Common Pension Fund D
New Jersey
$87.1M +$27.2M +250,000 +45%
Mariner
49
Mariner
Kansas
$85.7M +$3.29M +30,240 +4%
HNB
50
Huntington National Bank
Ohio
$84.6M – – –
1
2
3 4 5

LQD Hedge Fund Activity: Q1 2024 in Review

1,049 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) for Q1 2024, worth a combined $30B — down 9.9% from $33.3B a quarter earlier.

Sellers outnumbered buyers: 133 funds closed out of LQD and 99 opened new positions — a net loss of 34 holders — while 437 trimmed existing stakes and 376 added.

The largest buyer was Prudential Financial, adding an estimated $722M. The largest seller was Morgan Stanley, cutting an estimated $1.64B.

  • 1,049 institutional investors held iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) as of Q1 2024, down from 1,097 in Q4 2023.
  • Funds reported $30B of iShares iBoxx $ Investment Grade Corporate Bond ETF stock for Q1 2024, down 9.9% quarter-over-quarter.
  • 99 funds opened new iShares iBoxx $ Investment Grade Corporate Bond ETF positions in Q1 2024 and 133 closed out, a net change of -34 holders.
  • The largest iShares iBoxx $ Investment Grade Corporate Bond ETF buyer in Q1 2024 was Prudential Financial, an estimated $722M added.
  • The largest iShares iBoxx $ Investment Grade Corporate Bond ETF seller in Q1 2024 was Morgan Stanley, an estimated $1.64B sold.

Based on aggregated 13F filings for Q1 2024.