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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ClearBridge Investments
New York
|
+$13.7M |
| 2 |
AT
Arden Trust
Wilmington,
Delaware
|
+$13.7M |
| 3 |
ECM
ETrade Capital Management
Arlington,
Virginia
|
+$7.5M |
| 4 |
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
San Francisco,
California
|
-$118M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$33.5M |
| 3 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$19.4M |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
-$11.4M |
| 5 |
Barclays
London,
United Kingdom
|
-$8.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Creative Planning
Overland Park,
Kansas
| – | -$186K | -3,460 | Closed |
|
|
FNBT
102
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$58K | -1,088 | Closed |
|
|
FHC
103
First Heartland Consultants
Lake St. Louis,
Missouri
| – | -$27K | -508 | Closed |
|
|
CFA
104
Camarda Financial Advisors
Fleming Island,
Florida
| – | -$17K | -310 | Closed |
|
|
T
105
Thomaspartners
Boston,
Massachusetts
| – | -$15K | -270 | Closed |
|
|
TSW
106
Thompson Siegel & Walmsley
Richmond,
Virginia
| – | -$12K | -222 | Closed |
|
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.