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iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD

677 hedge funds and large institutions have $26.4B invested in iShares iBoxx $ Investment Grade Corporate Bond ETF in 2017 Q3 according to their latest regulatory filings, with 65 funds opening new positions, 294 increasing their positions, 213 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 294 | Existing positions reduced: 213

27% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 51

11% more capital invested

Capital invested by funds: $23.7B → $26.4B (+$2.69B)

3.82% more ownership

Funds ownership: 66.35% → 70.16% (+3.8%)

2% more funds holding in top 10

Funds holding in top 10: 85 → 87 (+2)

1% more funds holding

Funds holding: 669 → 677 (+8)

5% less call options, than puts

Call options by funds: $1.2B | Put options by funds: $1.27B

Holders
677
Holders Change
+8
Holders Change %
+1.2%
% of All Funds
16.88%
Holding in Top 10
87
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+2.35%
% of All Funds
2.17%
New
65
Increased
294
Reduced
213
Closed
51
Calls
$1.2B
Puts
$1.27B
Net Calls
-$67.6M
Net Calls Change
-$145M

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$1.65B
2
TIAAOA
Teachers Insurance & Annuity Association of America
New York
+$462M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$339M
4
Citigroup
Citigroup
New York
+$279M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$239M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$458M
2
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
-$436M
3
BlackRock
BlackRock
New York
-$243M
4
NMIFOAC
National Mutual Insurance Federation of Agricultural Cooperatives
Japan
-$223M
5
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
-$211M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$3.54B +$1.65B +13,618,257 +87%
Fisher Asset Management
2
Fisher Asset Management
Washington
$2.67B +$124M +1,022,960 +5%
BlackRock
3
BlackRock
New York
$1.28B -$243M -2,014,957 -16%
TIAAOA
4
Teachers Insurance & Annuity Association of America
New York
$1.01B +$462M +3,823,609 +85%
EFS
5
Edelman Financial Services
Virginia
$912M +$21.5M +177,803 +2%
UBS Group
6
UBS Group
Switzerland
$871M +$145M +1,199,304 +20%
Susquehanna International Group
7
Susquehanna International Group
Pennsylvania
$640M +$339M +2,805,730 +113%
NMIFOAC
8
National Mutual Insurance Federation of Agricultural Cooperatives
Japan
$637M -$223M -1,844,400 -26%
Morgan Stanley
9
Morgan Stanley
New York
$581M -$133M -1,103,290 -19%
Wells Fargo
10
Wells Fargo
California
$540M +$56M +463,445 +12%
DILIC
11
Dai-ichi Life Insurance Company
Japan
$535M +$7.02M +58,130 +1%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$529M +$59.7M +494,248 +13%
Ameriprise
13
Ameriprise
Minnesota
$468M +$1.83M +15,159 +0.4%
Bank of Montreal
14
Bank of Montreal
Ontario, Canada
$426M +$239M +1,979,622 +129%
CI
15
Cigna Investments
Connecticut
$405M – – –
Mitsubishi UFJ Trust & Banking
16
Mitsubishi UFJ Trust & Banking
Japan
$404M +$145M +1,200,000 +56%
Citigroup
17
Citigroup
New York
$363M +$279M +2,306,371 +334%
Allianz Asset Management
18
Allianz Asset Management
Germany
$350M +$37.1M +306,894 +12%
PNC Financial Services Group
19
PNC Financial Services Group
Pennsylvania
$320M -$1.19M -9,812 -0.4%
PAM
20
Panagora Asset Management
Massachusetts
$306M +$7.06M +58,402 +2%
Envestnet Asset Management
21
Envestnet Asset Management
Illinois
$302M +$61.2M +506,444 +25%
BA
22
Bridgewater Associates
Connecticut
$294M +$116M +957,937 +65%
WIM
23
Windhaven Investment Management
Massachusetts
$293M +$40.3M +333,238 +16%
Fidelity Investments
24
Fidelity Investments
Massachusetts
$292M +$12.2M +101,013 +4%
SIM
25
Sentry Investment Management
Wisconsin
$247M +$10.5M +86,575 +4%
1
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LQD Hedge Fund Activity: Q3 2017 in Review

677 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) for Q3 2017, worth a combined $26.4B — up 11% from $23.7B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new LQD positions and 51 closed out — a net gain of 14 holders — while 294 added to existing stakes and 213 trimmed.

The largest buyer was Bank of America, adding an estimated $1.65B. The largest seller was JP Morgan Chase, cutting an estimated $458M.

  • 677 institutional investors held iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) as of Q3 2017, up from 669 in Q2 2017.
  • Funds reported $26.4B of iShares iBoxx $ Investment Grade Corporate Bond ETF stock for Q3 2017, up 11% quarter-over-quarter.
  • 65 funds opened new iShares iBoxx $ Investment Grade Corporate Bond ETF positions in Q3 2017 and 51 closed out, a net change of +14 holders.
  • The largest iShares iBoxx $ Investment Grade Corporate Bond ETF buyer in Q3 2017 was Bank of America, an estimated $1.65B added.
  • The largest iShares iBoxx $ Investment Grade Corporate Bond ETF seller in Q3 2017 was JP Morgan Chase, an estimated $458M sold.

Based on aggregated 13F filings for Q3 2017.