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iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD

749 hedge funds and large institutions have $23.7B invested in iShares iBoxx $ Investment Grade Corporate Bond ETF in 2018 Q4 according to their latest regulatory filings, with 134 funds opening new positions, 188 increasing their positions, 317 reducing their positions, and 84 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 134 | Existing positions closed: 84

17% more funds holding in top 10

Funds holding in top 10: 75 → 88 (+13)

6% more funds holding

Funds holding: 708 → 749 (+41)

0.9% less ownership

Funds ownership: 80.9% → 79.99% (-0.9%)

12% less capital invested

Capital invested by funds: $26.9B → $23.7B (-$3.19B)

41% less repeat investments, than reductions

Existing positions increased: 188 | Existing positions reduced: 317

47% less call options, than puts

Call options by funds: $885M | Put options by funds: $1.66B

Holders
749
Holders Change
+41
Holders Change %
+5.79%
% of All Funds
16.69%
Holding in Top 10
88
Holding in Top 10 Change
+13
Holding in Top 10 Change %
+17.33%
% of All Funds
1.96%
New
134
Increased
188
Reduced
317
Closed
84
Calls
$885M
Puts
$1.66B
Net Calls
-$779M
Net Calls Change
+$468M

Top Buyers

1
Financial Engines Advisors
Financial Engines Advisors
California
+$914M
2
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
+$443M
3
Ameriprise
Ameriprise
Minnesota
+$268M
4
CC
CQS Cayman
Cayman Islands
+$138M
5
SG Americas Securities
SG Americas Securities
New York
+$123M

Top Sellers

1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$825M
2
Goldman Sachs
Goldman Sachs
New York
-$719M
3
DILIC
Dai-ichi Life Insurance Company
Japan
-$432M
4
Bank of America
Bank of America
North Carolina
-$389M
5
CWM
Cornerstone Wealth Management
Missouri
-$358M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$3.63B -$389M -3,464,000 -10%
Fisher Asset Management
2
Fisher Asset Management
Washington
$2.4B -$62.6M -557,088 -3%
BlackRock
3
BlackRock
New York
$1.62B -$118M -1,052,851 -7%
Ameriprise
4
Ameriprise
Minnesota
$1.09B +$268M +2,383,853 +33%
Financial Engines Advisors
5
Financial Engines Advisors
California
$917M +$914M +8,126,605 +7,128,601%
AIMU
6
Allianz Investment Management US
Minnesota
$801M -$70.3M -625,000 -8%
UBS Group
7
UBS Group
Switzerland
$781M -$127M -1,131,556 -14%
Envestnet Asset Management
8
Envestnet Asset Management
Illinois
$737M -$825M -7,338,494 -53%
NMIFOAC
9
National Mutual Insurance Federation of Agricultural Cooperatives
Japan
$683M – – –
Canada Pension Plan Investment Board
10
Canada Pension Plan Investment Board
Ontario, Canada
$545M +$443M +3,942,000 +445%
LMGAM
11
Liberty Mutual Group Asset Management
Massachusetts
$493M -$2.68M -23,794 -0.5%
Morgan Stanley
12
Morgan Stanley
New York
$462M -$151M -1,345,471 -25%
N
13
Nuveen
North Carolina
$395M +$100M +890,985 +34%
CI
14
Cigna Investments
Connecticut
$377M – – –
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$376M -$41.2M -366,227 -10%
Goldman Sachs
16
Goldman Sachs
New York
$368M -$719M -6,395,801 -66%
Mitsubishi UFJ Trust & Banking
17
Mitsubishi UFJ Trust & Banking
Japan
$335M -$1.35M -12,000 -0.4%
Wells Fargo
18
Wells Fargo
California
$299M -$41.9M -372,463 -12%
PAM
19
Panagora Asset Management
Massachusetts
$295M +$19.2M +171,128 +7%
Wealthfront Advisers
20
Wealthfront Advisers
California
$287M +$286M +2,544,336 New
BA
21
Bridgewater Associates
Connecticut
$283M +$747K +6,647 +0.3%
PNC Financial Services Group
22
PNC Financial Services Group
Pennsylvania
$257M -$14.1M -125,374 -5%
SMFG
23
Sumitomo Mitsui Financial Group
Japan
$246M -$5.32M -47,344 -2%
VA
24
Valmark Advisers
Ohio
$233M -$13.2M -117,817 -5%
LPL Financial
25
LPL Financial
California
$216M -$28.9M -256,697 -12%
1
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LQD Hedge Fund Activity: Q4 2018 in Review

749 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) for Q4 2018, worth a combined $23.7B — down 12% from $26.9B a quarter earlier.

Buyers outnumbered sellers: 134 funds opened new LQD positions and 84 closed out — a net gain of 50 holders — while 188 added to existing stakes and 317 trimmed.

The largest buyer was Financial Engines Advisors, adding an estimated $914M. The largest seller was Envestnet Asset Management, cutting an estimated $825M.

  • 749 institutional investors held iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) as of Q4 2018, up from 708 in Q3 2018.
  • Funds reported $23.7B of iShares iBoxx $ Investment Grade Corporate Bond ETF stock for Q4 2018, down 12% quarter-over-quarter.
  • 134 funds opened new iShares iBoxx $ Investment Grade Corporate Bond ETF positions in Q4 2018 and 84 closed out, a net change of +50 holders.
  • The largest iShares iBoxx $ Investment Grade Corporate Bond ETF buyer in Q4 2018 was Financial Engines Advisors, an estimated $914M added.
  • The largest iShares iBoxx $ Investment Grade Corporate Bond ETF seller in Q4 2018 was Envestnet Asset Management, an estimated $825M sold.

Based on aggregated 13F filings for Q4 2018.