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iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD

1,028 hedge funds and large institutions have $28B invested in iShares iBoxx $ Investment Grade Corporate Bond ETF in 2025 Q1 according to their latest regulatory filings, with 83 funds opening new positions, 382 increasing their positions, 388 reducing their positions, and 109 closing their positions.

New
Increased
Maintained
Reduced
Closed

8.35% more ownership

Funds ownership: 86.11% → 94.47% (+8.4%)

6% more capital invested

Capital invested by funds: $26.4B → $28B (+$1.57B)

3% more funds holding in top 10

Funds holding in top 10: 78 → 80 (+2)

2% less repeat investments, than reductions

Existing positions increased: 382 | Existing positions reduced: 388

5% less funds holding

Funds holding: 1,078 → 1,028 (-50)

24% less first-time investments, than exits

New positions opened: 83 | Existing positions closed: 109

50% less call options, than puts

Call options by funds: $2.46B | Put options by funds: $4.97B

Holders
1,028
Holders Change
-50
Holders Change %
-4.64%
% of All Funds
13.78%
Holding in Top 10
80
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+2.56%
% of All Funds
1.07%
New
83
Increased
382
Reduced
388
Closed
109
Calls
$2.46B
Puts
$4.97B
Net Calls
-$2.51B
Net Calls Change
-$3.56B

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$813M
2
NI
NYL Investors
New York
+$685M
3
SAMU
SONA Asset Management (US)
New York
+$651M
4
Ameriprise
Ameriprise
Minnesota
+$252M
5
N
Nuveen
North Carolina
+$251M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$301M
2
Citadel Advisors
Citadel Advisors
Florida
-$294M
3
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$214M
4
Wells Fargo
Wells Fargo
California
-$194M
5
BP
BNP Paribas
France
-$155M
Name Holding Trade Value Shares
Change 		Change in
Stake
MYLI
1
Meiji Yasuda Life Insurance
Japan
$2.08B – – –
Bank of America
2
Bank of America
North Carolina
$2.01B +$164M +1,518,967 +9%
BlackRock
3
BlackRock
New York
$1.6B +$93.2M +864,925 +6%
JSTA
4
Japan Science & Technology Agency
Japan
$1.5B – – –
Financial Engines Advisors
5
Financial Engines Advisors
California
$1.16B -$6.59M -61,142 -0.6%
Wealthfront Advisers
6
Wealthfront Advisers
California
$1.06B +$158M +1,466,247 +18%
Morgan Stanley
7
Morgan Stanley
New York
$1.04B +$41.1M +381,825 +4%
AIMU
8
Allianz Investment Management US
Minnesota
$927M – – –
NI
9
NYL Investors
New York
$847M +$685M +6,356,835 +442%
Goldman Sachs
10
Goldman Sachs
New York
$844M +$813M +7,541,254 +3,361%
Ameriprise
11
Ameriprise
Minnesota
$745M +$252M +2,339,039 +52%
N
12
Nuveen
North Carolina
$703M +$251M +2,330,000 +56%
SAMU
13
SONA Asset Management (US)
New York
$657M +$651M +6,042,278 New
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$502M +$23.2M +215,175 +5%
UBS Group
15
UBS Group
Switzerland
$499M +$32.3M +299,943 +7%
Wells Fargo
16
Wells Fargo
California
$456M -$194M -1,803,952 -30%
NMIFOAC
17
National Mutual Insurance Federation of Agricultural Cooperatives
Japan
$439M – – –
NMIMC
18
Northwestern Mutual Investment Management Company
Wisconsin
$374M +$88.6M +822,533 +31%
LPL Financial
19
LPL Financial
California
$371M +$33.7M +312,516 +10%
Fidelity Investments
20
Fidelity Investments
Massachusetts
$371M +$245M +2,275,067 +201%
Fisher Asset Management
21
Fisher Asset Management
Washington
$355M -$25.9M -239,981 -7%
Northern Trust
22
Northern Trust
Illinois
$339M -$19M -176,265 -5%
Mitsubishi UFJ Asset Management
23
Mitsubishi UFJ Asset Management
Japan
$297M +$6.36M +59,020 +2%
EAIC
24
Empower Annuity Insurance Company
Connecticut
$267M – – –
SOMRS
25
State of Michigan Retirement System
Michigan
$236M – – –
1
2 3 4 5

LQD Hedge Fund Activity: Q1 2025 in Review

1,028 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) for Q1 2025, worth a combined $28B — up 6% from $26.4B a quarter earlier.

Sellers outnumbered buyers: 109 funds closed out of LQD and 83 opened new positions — a net loss of 26 holders — while 388 trimmed existing stakes and 382 added.

The largest buyer was Goldman Sachs, adding an estimated $813M. The largest seller was Jane Street, cutting an estimated $301M.

  • 1,028 institutional investors held iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) as of Q1 2025, down from 1,078 in Q4 2024.
  • Funds reported $28B of iShares iBoxx $ Investment Grade Corporate Bond ETF stock for Q1 2025, up 6% quarter-over-quarter.
  • 83 funds opened new iShares iBoxx $ Investment Grade Corporate Bond ETF positions in Q1 2025 and 109 closed out, a net change of -26 holders.
  • The largest iShares iBoxx $ Investment Grade Corporate Bond ETF buyer in Q1 2025 was Goldman Sachs, an estimated $813M added.
  • The largest iShares iBoxx $ Investment Grade Corporate Bond ETF seller in Q1 2025 was Jane Street, an estimated $301M sold.

Based on aggregated 13F filings for Q1 2025.