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iShares Broad USD Investment Grade Corporate Bond ETF
USIG

85 hedge funds and large institutions have $565M invested in iShares Broad USD Investment Grade Corporate Bond ETF in 2015 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 17 increasing their positions, 40 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

11% less funds holding

Funds holding: 96 → 85 (-11)

28.63% less ownership

Funds ownership: 157.87% → 129.24% (-29%)

35% less capital invested

Capital invested by funds: $869M → $565M (-$305M)

45% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 20

58% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 40

Holders
85
Holders Change
-11
Holders Change %
-11.46%
% of All Funds
2.29%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
11
Increased
17
Reduced
40
Closed
20
Calls
$217K
Puts
–
Net Calls
+$217K
Net Calls Change
+$217K

Top Buyers

1
BCM
Bluefin Capital Management
New York
+$22.8M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$20.6M
3
BFA
BlackRock Fund Advisors
California
+$7.68M
4
VKH
Virtu KCG Holdings
New York
+$6.97M
5
JIR
James Investment Research
Ohio
+$4.16M

Top Sellers

1
BFA
Beaumont Financial Advisors
Massachusetts
-$56.3M
2
AssetMark Inc
AssetMark Inc
California
-$47.7M
3
BTS
BB&T Securities
Virginia
-$39M
4
SAS
Sage Advisory Services
Texas
-$36.2M
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$33.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
ECM
1
ETrade Capital Management
Virginia
$116M -$8.67M -156,552 -7%
BFA
2
BlackRock Fund Advisors
California
$102M +$7.68M +138,648 +8%
AssetMark Inc
3
AssetMark Inc
California
$42.7M -$47.7M -860,866 -52%
Morgan Stanley
4
Morgan Stanley
New York
$36.5M +$865K +15,608 +2%
Bank of America
5
Bank of America
North Carolina
$28.7M -$23K -416 -0.1%
BCM
6
Bluefin Capital Management
New York
$23.6M +$22.8M +411,668 +1,818%
Susquehanna International Group
7
Susquehanna International Group
Pennsylvania
$23.2M +$20.6M +371,970 +667%
KeyBank National Association
8
KeyBank National Association
Ohio
$22.8M -$253K -4,562 -1%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$20M -$18.2M -328,856 -47%
Goldman Sachs
10
Goldman Sachs
New York
$15M +$84.4K +1,524 +0.6%
Charles Schwab
11
Charles Schwab
California
$11.5M +$785K +14,162 +7%
ClearBridge Investments
12
ClearBridge Investments
New York
$11.5M -$237K -4,272 -2%
UBS Group
13
UBS Group
Switzerland
$11.4M +$3.39M +61,256 +41%
VKH
14
Virtu KCG Holdings
New York
$10.5M +$6.97M +125,792 +188%
Wells Fargo
15
Wells Fargo
California
$10.5M -$8.16M -147,354 -43%
Envestnet Asset Management
16
Envestnet Asset Management
Illinois
$6.9M -$24M -433,622 -77%
BCI
17
Brinker Capital Investments
Pennsylvania
$6.74M +$368K +6,642 +6%
LPL Financial
18
LPL Financial
California
$5.61M -$351K -6,330 -6%
CCM
19
Canal Capital Management
Virginia
$5.54M -$47.1K -850 -0.8%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$4.55M -$13.1M -235,682 -74%
SIM
21
Strategic Income Management
Washington
$4.5M +$240K +4,338 +6%
JIR
22
James Investment Research
Ohio
$4.08M +$4.16M +75,090 New
Northwestern Mutual Wealth Management
23
Northwestern Mutual Wealth Management
Wisconsin
$3.11M -$120K -2,168 -4%
BAC
24
Boys Arnold & Co
North Carolina
$3M -$266K -4,802 -8%
KC
25
Kingfisher Capital
North Carolina
$2.9M -$12.5K -226 -0.4%
1
2 3 4 5

USIG Hedge Fund Activity: Q2 2015 in Review

85 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in iShares Broad USD Investment Grade Corporate Bond ETF (USIG) for Q2 2015, worth a combined $565M — down 35% from $869M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of USIG and 11 opened new positions — a net loss of 9 holders — while 40 trimmed existing stakes and 17 added.

The largest buyer was Bluefin Capital Management, adding an estimated $22.8M. The largest seller was Beaumont Financial Advisors, exiting entirely with an estimated $56.3M sold.

  • 85 institutional investors held iShares Broad USD Investment Grade Corporate Bond ETF (USIG) as of Q2 2015, down from 96 in Q1 2015.
  • Funds reported $565M of iShares Broad USD Investment Grade Corporate Bond ETF stock for Q2 2015, down 35% quarter-over-quarter.
  • 11 funds opened new iShares Broad USD Investment Grade Corporate Bond ETF positions in Q2 2015 and 20 closed out, a net change of -9 holders.
  • The largest iShares Broad USD Investment Grade Corporate Bond ETF buyer in Q2 2015 was Bluefin Capital Management, an estimated $22.8M added.
  • The largest iShares Broad USD Investment Grade Corporate Bond ETF seller in Q2 2015 was Beaumont Financial Advisors, an estimated $56.3M sold.

Based on aggregated 13F filings for Q2 2015.