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iShares Broad USD Investment Grade Corporate Bond ETF
USIG

93 hedge funds and large institutions have $629M invested in iShares Broad USD Investment Grade Corporate Bond ETF in 2013 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 20 increasing their positions, 47 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 13

3% less funds holding

Funds holding: 96 → 93 (-3)

27% less capital invested

Capital invested by funds: $857M → $629M (-$228M)

40% less funds holding in top 10

Funds holding in top 10: 10 → 6 (-4)

57% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 47

Holders
93
Holders Change
-3
Holders Change %
-3.13%
% of All Funds
3.02%
Holding in Top 10
6
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-40%
% of All Funds
0.19%
New
12
Increased
20
Reduced
47
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ClearBridge Investments
ClearBridge Investments
New York
+$13.7M
2
AT
Arden Trust
Delaware
+$13.7M
3
ECM
ETrade Capital Management
Virginia
+$7.5M
4
Goldman Sachs
Goldman Sachs
New York
+$7.04M
5
BCM
Bluefin Capital Management
New York
+$3.46M

Top Sellers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
-$118M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$33.5M
3
BCI
Brinker Capital Investments
Pennsylvania
-$19.4M
4
NPC
National Planning Corporation
California
-$11.4M
5
Barclays
Barclays
United Kingdom
-$8.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fifth Third Bancorp
76
Fifth Third Bancorp
Ohio
$75K -$32.1K -600 -30%
1IC
77
1919 Investment Counsel
Maryland
$63K – – –
PAS
78
Partnervest Advisory Services
California
$59K – – –
Nomura Holdings
79
Nomura Holdings
Japan
$54K +$53.4K +1,000 New
NES
80
New England Securities
New York
$34K – – –
LNB
81
Ledyard National Bank
$27K – – –
PP
82
Palladium Partners
Virginia
$27K – – –
CAPTRUST Financial Advisors
83
CAPTRUST Financial Advisors
North Carolina
$27K +$26.7K +500 New
Janus Henderson Group
84
Janus Henderson Group
United Kingdom
$21K – – –
MAA
85
Managed Account Advisors
New Jersey
$19K +$19K +356 New
AA
86
Apriem Advisors
California
$13K – – –
OIA
87
Optimum Investment Advisors
Illinois
$11K +$10.7K +200 New
EMA
88
Efficient Market Advisors
California
$11K +$11.2K +210 New
Bank of Montreal
89
Bank of Montreal
Ontario, Canada
$10K – – –
BFEC
90
Benjamin F. Edwards & Company
Missouri
$9K -$26.7K -500 -75%
WA
91
WFG Advisors
Texas
$9K -$9.19K -172 -50%
FANJ
92
Financial Architects (New Jersey)
New Jersey
$5K +$5.45K +102 New
OFG
93
OTA Financial Group
New York
$2.49K +$2.48M +46,408 New
JG
94
Jefferies Group
New York
$2K -$2.27M -42,400 -100%
CSIA
95
Charles Schwab Investment Advisory
California
– -$118M -2,199,918 Closed
Barclays
96
Barclays
United Kingdom
– -$8.3M -154,540 Closed
BFA
97
Beaumont Financial Advisors
Massachusetts
– -$4.04M -75,214 Closed
SSG
98
Summit Securities Group
New York
– -$3.89M -72,418 Closed
YMRC
99
Yorktown Management & Research Company
Virginia
– -$398K -7,400 Closed
FAAS
100
First Allied Advisory Services
California
– -$330K -6,122 Closed
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4
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USIG Hedge Fund Activity: Q3 2013 in Review

93 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in iShares Broad USD Investment Grade Corporate Bond ETF (USIG) for Q3 2013, worth a combined $629M — down 27% from $857M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of USIG and 12 opened new positions — a net loss of 1 holder — while 47 trimmed existing stakes and 20 added.

The largest buyer was ClearBridge Investments, adding an estimated $13.7M. The largest seller was Charles Schwab Investment Advisory, exiting entirely with an estimated $118M sold.

  • 93 institutional investors held iShares Broad USD Investment Grade Corporate Bond ETF (USIG) as of Q3 2013, down from 96 in Q2 2013.
  • Funds reported $629M of iShares Broad USD Investment Grade Corporate Bond ETF stock for Q3 2013, down 27% quarter-over-quarter.
  • 12 funds opened new iShares Broad USD Investment Grade Corporate Bond ETF positions in Q3 2013 and 13 closed out, a net change of -1 holder.
  • The largest iShares Broad USD Investment Grade Corporate Bond ETF buyer in Q3 2013 was ClearBridge Investments, an estimated $13.7M added.
  • The largest iShares Broad USD Investment Grade Corporate Bond ETF seller in Q3 2013 was Charles Schwab Investment Advisory, an estimated $118M sold.

Based on aggregated 13F filings for Q3 2013.