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iShares Broad USD Investment Grade Corporate Bond ETF
USIG

96 hedge funds and large institutions have $447M invested in iShares Broad USD Investment Grade Corporate Bond ETF in 2016 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 24 increasing their positions, 36 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 10

8% more funds holding

Funds holding: 89 → 96 (+7)

13.34% less ownership

Funds ownership: 130.51% → 117.17% (-13%)

22% less capital invested

Capital invested by funds: $576M → $447M (-$129M)

33% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 36

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
96
Holders Change
+7
Holders Change %
+7.87%
% of All Funds
2.56%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
17
Increased
24
Reduced
36
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$15.7M
2
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
+$13.6M
3
WI
WBI Investments
New Jersey
+$9.53M
4
SG Americas Securities
SG Americas Securities
New York
+$9.39M
5
UBS Group
UBS Group
Switzerland
+$8.37M

Top Sellers

Rank Fund Capital Flow
1
ECM
ETrade Capital Management
Virginia
-$115M
2
BFA
BlackRock Fund Advisors
California
-$69.3M
3
Jane Street
Jane Street
New York
-$14.3M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$7.83M
5
BFA
Beaumont Financial Advisors
Massachusetts
-$3.81M
Name Holding Trade Value Shares
Change 		Change in
Stake
CFG
76
Citizens Financial Group
Rhode Island
$58K – – –
LNB
77
Ledyard National Bank
$55K -$75.2K -1,400 -58%
IPC
78
Independent Portfolio Consultants
Florida
$45K +$10.2K +190 +31%
SEI Investments
79
SEI Investments
Pennsylvania
$42K -$13.7K -254 -25%
MCM
80
MV Capital Management
Maryland
$37K – – –
NFG
81
Next Financial Group
Texas
$34K – – –
CTC
82
Central Trust Company
Missouri
$26K – – –
Creative Planning
83
Creative Planning
Kansas
$26K +$25.5K +474 New
Bank of Montreal
84
Bank of Montreal
Ontario, Canada
$25K -$5.16K -96 -17%
CHC
85
City Holding Co
West Virginia
$25K – – –
AIM
86
Anchor Investment Management
South Carolina
$24.7K +$24.1K +448 New
PG
87
Patten Group
Tennessee
$22.1K – – –
JP Morgan Chase
88
JP Morgan Chase
New York
$22K -$7.52K -140 -26%
ST
89
Smithfield Trust
Pennsylvania
$21K – – –
JFA
90
JNBA Financial Advisors
Minnesota
$21K +$20.4K +380 New
CFS
91
Commonwealth Financial Services
West Virginia
$18K – – –
WA
92
Winfield Associates
Ohio
$15K – – –
Fifth Third Bancorp
93
Fifth Third Bancorp
Ohio
$13K +$12.4K +230 New
ASN
94
Advisory Services Network
Georgia
$10K -$860 -16 -8%
IA
95
IFP Advisors
Florida
$9K -$327K -6,090 -95%
GWM
96
Geneos Wealth Management
Colorado
$3K +$3.01K +56 New
BlackRock
97
BlackRock
New York
$2K – – –
ECM
98
ETrade Capital Management
Virginia
– -$115M -2,153,172 Closed
BFA
99
Beaumont Financial Advisors
Massachusetts
– -$3.81M -71,376 Closed
BIM
100
BlackRock Investment Management
Delaware
– -$1.47M -27,478 Closed
1 2 3
4
5

USIG Hedge Fund Activity: Q1 2016 in Review

96 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in iShares Broad USD Investment Grade Corporate Bond ETF (USIG) for Q1 2016, worth a combined $447M — down 22% from $576M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new USIG positions and 10 closed out — a net gain of 7 holders — while 24 added to existing stakes and 36 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $15.7M. The largest seller was ETrade Capital Management, exiting entirely with an estimated $115M sold.

  • 96 institutional investors held iShares Broad USD Investment Grade Corporate Bond ETF (USIG) as of Q1 2016, up from 89 in Q4 2015.
  • Funds reported $447M of iShares Broad USD Investment Grade Corporate Bond ETF stock for Q1 2016, down 22% quarter-over-quarter.
  • 17 funds opened new iShares Broad USD Investment Grade Corporate Bond ETF positions in Q1 2016 and 10 closed out, a net change of +7 holders.
  • The largest iShares Broad USD Investment Grade Corporate Bond ETF buyer in Q1 2016 was Goldman Sachs, an estimated $15.7M added.
  • The largest iShares Broad USD Investment Grade Corporate Bond ETF seller in Q1 2016 was ETrade Capital Management, an estimated $115M sold.

Based on aggregated 13F filings for Q1 2016.