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iShares iBoxx $ Investment Grade Corporate Bond ETF

650 hedge funds and large institutions have $17.8B invested in iShares iBoxx $ Investment Grade Corporate Bond ETF in 2016 Q4 according to their latest regulatory filings, with 111 funds opening new positions, 220 increasing their positions, 251 reducing their positions, and 68 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 111 | Existing positions closed: 68

5% more funds holding

Funds holding: 619650 (+31)

9% less call options, than puts

Call options by funds: $394M | Put options by funds: $434M

2.71% less ownership

Funds ownership: 70.1%67.39% (-2.7%)

3% less funds holding in top 10

Funds holding in top 10: 8784 (-3)

12% less repeat investments, than reductions

Existing positions increased: 220 | Existing positions reduced: 251

23% less capital invested

Capital invested by funds: $23.2B → $17.8B (-$5.41B)

Holders
650
Holders Change
+31
Holders Change %
+5.01%
% of All Funds
16.25%
Holding in Top 10
84
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-3.45%
% of All Funds
2.1%
New
111
Increased
220
Reduced
251
Closed
68
Calls
$394M
Puts
$434M
Net Calls
-$40.1M
Net Calls Change
+$1.02B
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$1.81B -$526M -4,427,313 -22%
Fisher Asset Management
2
Fisher Asset Management
Washington
$1.71B +$25M +210,115 +1%
NMIFOAC
3
National Mutual Insurance Federation of Agricultural Cooperatives
Japan
$920M -$46.6M -391,700 -5%
EFS
4
Edelman Financial Services
Virginia
$801M +$60.6M +509,814 +8%
Morgan Stanley
5
Morgan Stanley
New York
$651M -$178M -1,496,111 -21%
BlackRock
6
BlackRock
New York
$609M -$166K -1,400 -0%
UBS Group
7
UBS Group
Switzerland
$599M -$148M -1,241,324 -20%
Wells Fargo
8
Wells Fargo
California
$564M -$715M -6,018,215 -56%
Ameriprise
9
Ameriprise
Minnesota
$489M +$75.2M +632,555 +18%
TIAAOA
10
Teachers Insurance & Annuity Association of America
New York
$450M -$1.09B -9,173,614 -71%
BA
11
BlackRock Advisors
Delaware
$422M +$15.9M +133,735 +4%
AIMU
12
Allianz Investment Management US
Minnesota
$320M +$325M +2,732,254 New
PNC Financial Services Group
13
PNC Financial Services Group
Pennsylvania
$320M -$16.2M -136,207 -5%
AB
14
Aozora Bank
Japan
$320M -$68.8M -579,000 -18%
IA
15
IndexIQ Advisors
New York
$294M +$38.6M +324,776 +15%
Fidelity Investments
16
Fidelity Investments
Massachusetts
$256M +$31.4M +264,102 +14%
Allianz Asset Management
17
Allianz Asset Management
Germany
$235M -$30.5M -256,905 -11%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$221M -$30.5M -256,586 -12%
SIM
19
Sentry Investment Management
Wisconsin
$212M +$15.6M +131,049 +8%
VA
20
Valmark Advisers
Ohio
$186M +$6.13M +51,614 +3%
Mitsubishi UFJ Trust & Banking
21
Mitsubishi UFJ Trust & Banking
Japan
$183M +$19.3M +162,000 +12%
PAM
22
Panagora Asset Management
Massachusetts
$177M +$9.31M +78,369 +5%
PP
23
Prudential plc
United Kingdom
$164M -$166M -1,392,895 -50%
WIM
24
Windhaven Investment Management
Massachusetts
$161M +$88.1M +741,489 +117%
Manulife (Manufacturers Life Insurance)
25
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$148M -$39.6M -333,464 -21%

LQD Hedge Fund Activity: Q4 2016 in Review

650 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) for Q4 2016, worth a combined $17.8B — down 23% from $23.2B a quarter earlier.

Buyers outnumbered sellers: 111 funds opened new LQD positions and 68 closed out — a net gain of 43 holders — while 220 added to existing stakes and 251 trimmed.

The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $108M. The largest seller was Teachers Insurance & Annuity Association of America, cutting an estimated $1.09B.

  • 650 institutional investors held iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) as of Q4 2016, up from 619 in Q3 2016.
  • Funds reported $17.8B of iShares iBoxx $ Investment Grade Corporate Bond ETF stock for Q4 2016, down 23% quarter-over-quarter.
  • 111 funds opened new iShares iBoxx $ Investment Grade Corporate Bond ETF positions in Q4 2016 and 68 closed out, a net change of +43 holders.
  • The largest iShares iBoxx $ Investment Grade Corporate Bond ETF buyer in Q4 2016 was Northwestern Mutual Wealth Management, an estimated $108M added.
  • The largest iShares iBoxx $ Investment Grade Corporate Bond ETF seller in Q4 2016 was Teachers Insurance & Annuity Association of America, an estimated $1.09B sold.

Based on aggregated 13F filings for Q4 2016.