Vault-13

ISHARES TR LQD

IBOXX INV CP ETF · ETP · CUSIP 464287242 · ISIN US4642872422

1,019 institutional holders -1 vs Q1 2023
297,740,729297.7m shares reported held*
$31.7bnreported value*
89 new 376 added 368 reduced 103 sold out net sold ≈ $406.3m (-8.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($48.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $106.39. Options: 22 managers hold calls ($1.2bn notional), 23 hold puts ($3.2bn).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 995Q4 22: 1,029Q1 23: 1,020Q2 23: 1,0191,019Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022995
Q4 20221,029
Q1 20231,020
Q2 20231,019

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1k01kQ4 22: 404 bought or addedQ4 22: 534 cut or sold outQ4 22Q1 23: 444 bought or addedQ1 23: 513 cut or sold outQ1 23Q2 23: 465 bought or addedQ2 23: 471 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022404534
Q1 2023444513
Q2 2023465471

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2bn$4bn$6bn$8bnQ3 22 calls: $2.5bnQ3 22 puts: $6.0bnQ3 22P/C 2.42Q4 22 calls: $1.4bnQ4 22 puts: $2.1bnQ4 22P/C 1.47Q1 23 calls: $2.0bnQ1 23 puts: $7.0bnQ1 23P/C 3.43Q2 23 calls: $1.2bnQ2 23 puts: $3.2bnQ2 23P/C 2.65
Numbers
QuarterCallsPutsP/C
Q3 2022$2.5bn$6.0bn2.42
Q4 2022$1.4bn$2.1bn1.47
Q1 2023$2.0bn$7.0bn3.43
Q2 2023$1.2bn$3.2bn2.65

Biggest buyers

Bishop & Co Investment Management, LLC Added +5,272,227+5.3m
Members Trust Co Added +3,856,569+3.9m
VANGUARD GROUP INC New +3,750,000+3.8m
PRUDENTIAL FINANCIAL INC Added +3,304,442+3.3m
CITIGROUP INC Added +3,160,372+3.2m
Centiva Capital, LP New +3,147,400+3.1m
NYL Investors LLC Added +3,117,700+3.1m
FMR LLC Added +2,677,594+2.7m
JANE STREET GROUP, LLC Added +2,632,228+2.6m
SPX Gestao de Recursos Ltda New +1,877,341+1.9m

Biggest sellers

Nuveen Asset Management, LLC Reduced -11,586,000-11.6m
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Reduced -8,394,669-8.4m
MetLife Investment Management, LLC Reduced -8,330,090-8.3m
JPMORGAN CHASE & CO Reduced -4,605,473-4.6m
AMERIPRISE FINANCIAL INC Reduced -4,002,629-4.0m
BNP PARIBAS FINANCIAL MARKETS Reduced -2,243,667-2.2m
D. E. Shaw & Co., Inc. Reduced -1,881,764-1.9m
PRUDENTIAL PLC Reduced -1,711,330-1.7m
Wela Strategies, Inc. Reduced -1,621,820-1.6m
BlackRock Inc. Reduced -1,573,286-1.6m

Biggest calls

UBS Group AG Added $310.9m2.9m shares
MILLENNIUM MANAGEMENT LLC Added $165.6m1.5m shares
CITADEL ADVISORS LLC Reduced $161.2m1.5m shares
GOLDMAN SACHS GROUP INC Reduced $116.3m1.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $109.4m1.0m shares
CITIGROUP INC Added $86.6m801.0k shares
NOMURA HOLDINGS INC Added $56.8m525.0k shares
BlueCrest Capital Management Ltd New $32.4m300.0k shares
Centiva Capital, LP New $32.4m300.0k shares
BNP PARIBAS FINANCIAL MARKETS Reduced $27.0m2.5k shares

Biggest puts

CITIGROUP INC Reduced $687.8m6.4m shares
UBS Group AG Added $476.2m4.4m shares
CITADEL ADVISORS LLC Added $336.4m3.1m shares
GOLDMAN SACHS GROUP INC Added $304.9m2.8m shares
MILLENNIUM MANAGEMENT LLC New $282.8m2.6m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $282.3m2.6m shares
BANK OF AMERICA CORP /DE/ Added $205.5m1.9m shares
BlackRock Inc. Reduced $108.1m1.0m shares
BRIGADE CAPITAL MANAGEMENT, LP Reduced $108.1m1.0m shares
NOMURA HOLDINGS INC Reduced $84.9m785.0k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock Portfolio Management LLC 13G · institution +1.9 pts · filed 2026-10-27 8.2% +1.9 pts 22.8m≈ $2.5bn 2026-10-27

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.31% of their portfolio CHARLOTTE, NC 24,469,63324.5m $2.6bn $2.6bn 0.31% Reduced -653.1k -653,113
2 PRUDENTIAL FINANCIAL INC 2.48% of their portfolio NEWARK, NJ 15,759,93515.8m $1.7bn $1.7bn 2.48% Added +3.3m +3,304,442
3 Fisher Asset Management, LLC 0.90% of their portfolio PLANO, TX 15,121,29015.1m $1.6bn $1.6bn 0.90% Reduced -12.3k -12,275
4 BlackRock Inc. 0.05% of their portfolio New York, NY 15,101,39315.1m $1.6bn $1.6bn 0.05% Reduced -1.6m -1,573,286
5 Japan Science & Technology Agency 17.23% of their portfolio TOKYO, M0 13,806,45013.8m $1.5bn $1.5bn 17.23% Unchanged
6 Allianz Investment Management U.S. LLC 69.42% of their portfolio Minneapolis, MN 10,928,20510.9m $1.2bn $1.2bn 69.42% Unchanged
7 MORGAN STANLEY 0.11% of their portfolio NEW YORK, NY 10,704,93510.7m $1.2bn $1.2bn 0.11% Added +1.4m +1,394,329
8 Financial Engines Advisors L.L.C. 2.88% of their portfolio SANTA CLARA, CA 10,488,49510.5m $1.1bn $1.1bn 2.88% Added +219.4k +219,396
9 Meiji Yasuda Life Insurance Co 25.74% of their portfolio TOKYO, M0 9,113,0179.1m $985.5m $985.5m 25.74% Added +1.2m +1,195,000
10 NYL Investors LLC 39.52% of their portfolio NEW YORK, NY 8,125,6818.1m $878.7m $878.7m 39.52% Added +3.1m +3,117,700
11 Members Trust Co 12.18% of their portfolio TAMPA, FL 7,595,2777.6m $809.0m $809.0m 12.18% Added +3.9m +3,856,569
12 Wealthfront Advisers LLC 2.45% of their portfolio Palo Alto, CA 5,350,3455.4m $578.6m $578.6m 2.45% Added +164.8k +164,776
13 Bishop & Co Investment Management, LLC 2.21% of their portfolio Erie, PA 5,322,8675.3m $49.2k $49.2k 2.21% Added +5.3m +5,272,227
14 ASSETMARK, INC 2.04% of their portfolio CONCORD, CA 4,809,6104.8m $520.1m $520.1m 2.04% Reduced -252.2k -252,249
15 AMERIPRISE FINANCIAL INC 0.14% of their portfolio MINNEAPOLIS, MN 4,190,4064.2m $453.1m $453.1m 0.14% Reduced -4.0m -4,002,629
16 CITIGROUP INC 0.55% of their portfolio NEW YORK, NY 3,933,4453.9m $425.4m $425.4m 0.55% Added +3.2m +3,160,372
17 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 3,750,0003.8m $405.5m $405.5m 0.01% New
18 ENVESTNET ASSET MANAGEMENT INC 0.17% of their portfolio Berwyn, PA 3,501,9883.5m $378.7m $378.7m 0.17% Added +178.2k +178,188
19 GOLDMAN SACHS GROUP INC 0.10% of their portfolio NEW YORK, NY 3,489,2273.5m $377.3m $377.3m 0.10% Added +1.2m +1,161,684
20 FMR LLC 0.03% of their portfolio BOSTON, MA 3,479,0003.5m $376.2m $376.2m 0.03% Added +2.7m +2,677,594
21 National Mutual Insurance Federation of Agricultural Cooperatives 4.36% of their portfolio TOKYO, JAPAN, M0 3,422,4003.4m $370.1m $370.1m 4.36% Unchanged
22 Daiichi Life Insurance Co., Ltd. 7.64% of their portfolio TOKYO, M0 3,384,3003.4m $366.0m $366.0m 7.64% Unchanged
23 UBS Group AG 0.16% of their portfolio ZURICH, V8 3,377,6993.4m $365.3m $365.3m 0.16% Added +115.3k +115,299
24 SOROS FUND MANAGEMENT LLC 7.45% of their portfolio NEW YORK, NY 3,173,3903.2m $343.2m $343.2m 7.45% Added +750.0k +750,000
25 JANE STREET GROUP, LLC 0.47% of their portfolio NEW YORK, NY 3,173,3853.2m $343.2m $343.2m 0.47% Added +2.6m +2,632,228
26 Centiva Capital, LP 17.23% of their portfolio New York, NY 3,147,4003.1m $340.4m $340.4m 17.23% New
27 STATE OF MICHIGAN RETIREMENT SYSTEM 2.07% of their portfolio EAST LANSING, MI 3,097,4003.1m $335.0m $335.0m 2.07% Unchanged
28 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 2,978,4683.0m $322.1m $322.1m 0.09% Reduced -105.9k -105,916
29 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 2,629,9512.6m $284.4m $284.4m 0.03% Reduced -4.6m -4,605,473
30 Empower Annuity Insurance Co 100.00% of their portfolio GREENWOOD VILLAGE, CO 2,456,8502.5m $265.7m $265.7m 100.00% Unchanged
31 NORTHERN TRUST CORP 0.05% of their portfolio CHICAGO, IL 2,280,2732.3m $246.6m $246.6m 0.05% Added +494.3k +494,254
32 D. E. Shaw & Co., Inc. 0.36% of their portfolio New York, NY 2,154,4282.2m $233.0m $233.0m 0.36% Reduced -1.9m -1,881,764
33 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.13% of their portfolio Toronto, A6 2,137,8072.1m $231.2m $231.2m 0.13% Added +251.7k +251,704
34 SUMITOMO MITSUI FINANCIAL GROUP, INC. 7.00% of their portfolio TOKYO, M0 2,031,1512.0m $219.6m $219.6m 7.00% Reduced -1.5m -1,526,427
35 Elliott Investment Management L.P. 2.55% of their portfolio WEST PALM BEACH, FL 1,975,0002.0m $213.6m $213.6m 2.55% Reduced -525.0k -525,000
36 SPX Gestao de Recursos Ltda 9.66% of their portfolio RIO DE JANEIRO, D5 1,877,3411.9m $203.0m $203.0m 9.66% New
37 PNC Financial Services Group, Inc. 0.17% of their portfolio Pittsburgh, PA 1,871,2131.9m $202.4m $202.4m 0.17% Added +148.8k +148,799
38 LPL Financial LLC 0.13% of their portfolio FORT MILL, SC 1,654,2451.7m $178.9m $178.9m 0.13% Added +57.3k +57,330
39 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 1.94% of their portfolio New York, NY 1,578,1401.6m $170.7m $170.7m 1.94% Unchanged
40 PRUDENTIAL PLC 1.78% of their portfolio LONDON, X0 1,392,4011.4m $150.6m $150.6m 1.78% Reduced -1.7m -1,711,330
41 Public Sector Pension Investment Board 1.07% of their portfolio MONTREAL, A8 1,385,0001.4m $149.8m $149.8m 1.07% New
42 1832 Asset Management L.P. 0.29% of their portfolio TORONTO, A6 1,374,7731.4m $148.7m $148.7m 0.29% Reduced -18.2k -18,209
43 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 1,355,1601.4m $146.5m $146.5m 0.04% Added +80.1k +80,116
44 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 8.32% of their portfolio BETHESDA, MD 1,340,7001.3m $145.0m $145.0m 8.32% Reduced -469.7k -469,700
45 PANAGORA ASSET MANAGEMENT INC 0.84% of their portfolio BOSTON, MA 1,315,1761.3m $142.2m $142.2m 0.84% Unchanged
46 BNP PARIBAS FINANCIAL MARKETS 0.28% of their portfolio PARIS, I0 1,303,7211.3m $141.0m $141.0m 0.28% Reduced -2.2m -2,243,667
47 Provida Pension Fund Administrator 4.31% of their portfolio LAS CONDES, SANTIAGO, F3 1,130,0001.1m $122.2m $122.2m 4.31% Added +83.0k +83,000
48 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.18% of their portfolio BALA CYNWYD, PA 1,045,6161.0m $113.1m $113.1m 0.18% Added +792.4k +792,412
49 STIFEL FINANCIAL CORP 0.15% of their portfolio ST. LOUIS, MO 1,032,7741.0m $111.7m $111.7m 0.15% Added +131.3k +131,273
50 TORONTO DOMINION BANK 0.08% of their portfolio TORONTO, ONTARIO, A6 971,010971.0k $104.9m $104.9m 0.08% Added +417.0k +417,010
51 Bridgewater Associates, LP 0.65% of their portfolio Westport, CT 969,800969.8k $104.9m $104.9m 0.65% Added +1.4k +1,400
52 OSAIC HOLDINGS, INC. 0.18% of their portfolio SCOTTSDALE, AZ 943,424943.4k $102.0m $102.0m 0.18% Added +39.8k +39,822
53 DEUTSCHE BANK AG\ 0.05% of their portfolio FRANKFURT AM MAIN, 2M 906,269906.3k $98.0m $98.0m 0.05% Added +637.3k +637,349
54 BARCLAYS PLC 0.06% of their portfolio LONDON, X0 900,258900.3k $97.4m $97.4m 0.06% Added +87.1k +87,149
55 SCHRODER INVESTMENT MANAGEMENT GROUP 0.14% of their portfolio London, X0 899,239899.2k $97.2m $97.2m 0.14% Added +231.6k +231,616
56 Elo Mutual Pension Insurance Co 2.74% of their portfolio ESPOO, H9 860,000860.0k $93.0m $93.0m 2.74% Unchanged
57 MACKENZIE FINANCIAL CORP 0.14% of their portfolio TORONTO ONTARIO, A6 841,700841.7k $90.5m $90.5m 0.14% Reduced -12.2k -12,200
58 M.D. Sass, LLC 12.28% of their portfolio New York, NY 831,011831.0k $89.9m $89.9m 12.28% Added +565.0k +565,000
59 Voya Financial Advisors, Inc. 10.26% of their portfolio WINDSOR, CT 820,683820.7k $88.1m $88.1m 10.26% Added +302.0k +301,967
60 BARINGS LLC 2.92% of their portfolio CHARLOTTE, NC 799,592799.6k $86.5m $86.5m 2.92% Unchanged
61 PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio DES MOINES, IA 763,531763.5k $82.6m $82.6m 0.06% Added +655.1k +655,082
62 Mitsubishi UFJ Asset Management Co., Ltd. 0.17% of their portfolio TOKYO, M0 758,648758.6k $82.0m $82.0m 0.17% Added +78.5k +78,514
63 Mitsubishi UFJ Trust & Banking Corp 0.18% of their portfolio TOKYO, M0 725,235725.2k $78.4m $78.4m 0.18% Reduced -13.4k -13,400
64 NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio NEW YORK, NY 722,272722.3k $78.1m $78.1m 0.07% Reduced -506.3k -506,329
65 HRT FINANCIAL LP 0.73% of their portfolio NEW YORK, NY 703,136703.1k $76.0m $76.0m 0.73% New
66 COUNTRY TRUST BANK 1.84% of their portfolio Bloomington, IL 628,023628.0k $67.9m $67.9m 1.84% Unchanged
67 Money Design Co.,Ltd. 3.95% of their portfolio TOKYO, M0 616,469616.5k $66.7m $66.7m 3.95% Added +35.4k +35,404
68 HSBC HOLDINGS PLC 0.07% of their portfolio LONDON, X0 600,689600.7k $64.9m $64.9m 0.07% Added +271.3k +271,321
69 Hudson Bay Capital Management LP 0.65% of their portfolio STAMFORD, CT 600,000600.0k $64.9m $64.9m 0.65% Reduced -1.4m -1,397,000
70 Point72 Asset Management, L.P. 0.22% of their portfolio STAMFORD, CT 595,000595.0k $64.3m $64.3m 0.22% New
71 Valmark Advisers, Inc. 1.29% of their portfolio AKRON, OH 587,827587.8k $63.6m $63.6m 1.29% Added +26.7k +26,723
72 Raymond James Financial Services Advisors, Inc. 0.11% of their portfolio ST. PETERSBURG, FL 551,097551.1k $59.6m $59.6m 0.11% Added +14.1k +14,149
73 State of New Jersey Common Pension Fund D 0.20% of their portfolio TRENTON, NJ 550,000550.0k $59.5m $59.5m 0.20% Unchanged
74 Squarepoint Ops LLC 0.31% of their portfolio NEW YORK, NY 521,980522.0k $56.4m $56.4m 0.31% Added +183.9k +183,859
75 iA Global Asset Management Inc. 1.44% of their portfolio QUEBEC, A8 501,200501.2k $54.2m $54.2m 1.44% First filing
76 HUNTINGTON NATIONAL BANK 0.50% of their portfolio COLUMBUS, OH 499,106499.1k $54.0m $54.0m 0.50% Added +63.1k +63,086
77 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 490,197490.2k $53.0m $53.0m 0.07% Added +184.4k +184,390
78 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 488,957489.0k $52.9m $52.9m 0.02% Reduced -10.8k -10,813
79 TruWealth Advisors, LLC 4.38% of their portfolio Metairie, LA 471,784471.8k $51.0m $51.0m 4.38% Added +17.1k +17,056
80 NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 1.32% of their portfolio MILWAUKEE, WI 467,500467.5k $50.6m $50.6m 1.32% New
81 Nuveen Asset Management, LLC 0.02% of their portfolio CHICAGO, IL 462,157462.2k $50.0m $50.0m 0.02% Reduced -11.6m -11,586,000
82 STEVENS CAPITAL MANAGEMENT LP 9.95% of their portfolio RADNOR, PA 448,000448.0k $48.4m $48.4m 9.95% Added +374.7k +374,700
83 Balyasny Asset Management L.P. 0.13% of their portfolio Chicago, IL 430,838430.8k $46.6m $46.6m 0.13% Added +152.0k +152,043
84 Migdal Insurance & Financial Holdings Ltd. 1.08% of their portfolio Petach Tikva, L3 430,000430.0k $46.5m $46.5m 1.08% Unchanged
85 Cetera Advisor Networks LLC 0.32% of their portfolio EL SEGUNDO, CA 427,775427.8k $46.3m $46.3m 0.32% Added +69.7k +69,689
86 Wealthstar Advisors, LLC 19.17% of their portfolio Plano, TX 421,855421.9k $45.6m $45.6m 19.17% Reduced -1.0k -1,038
87 CONNING INC. 1.49% of their portfolio HARTFORD, CT 411,588411.6k $44.5m $44.5m 1.49% Added +52.5k +52,513
88 BANK OF KOREA 9.29% of their portfolio SEOUL, M5 396,053396.1k $42.8m $42.8m 9.29% Unchanged
89 CIBC Private Wealth Group LLC 0.05% of their portfolio ATLANTA, GA 380,966381.0k $41.2m $41.2m 0.05% Reduced -5.9k -5,928
90 LVZ, Inc. 5.73% of their portfolio Holland, MI 380,501380.5k $41.1m $41.1m 5.73% New
91 Rye Brook Capital LLC 24.29% of their portfolio GREENWICH, CT 376,500376.5k $40.7m $40.7m 24.29% Added +118.0k +118,000
92 MML INVESTORS SERVICES, LLC 0.22% of their portfolio SPRINGFIELD, MA 373,095373.1k $40.3m $40.3m 0.22% Added +22.6k +22,613
93 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 372,341372.3k $40.3m $40.3m 0.01% Added +18 +18
94 Berkshire Money Management, Inc. 5.75% of their portfolio DALTON, MA 368,165368.2k $39.8m $39.8m 5.75% New
95 TRUIST FINANCIAL CORP 0.07% of their portfolio CHARLOTTE, NC 366,134366.1k $39.6m $39.6m 0.07% Reduced -47.4k -47,419
96 Creative Planning 0.05% of their portfolio OVERLAND PARK, KS 365,664365.7k $39.5m $39.5m 0.05% Added +13.9k +13,881
97 GDS Wealth Management 6.28% of their portfolio FLOWER MOUND, TX 357,605357.6k $38.7m $38.7m 6.28% Added +19.8k +19,804
98 COMMONWEALTH EQUITY SERVICES, LLC 0.08% of their portfolio WALTHAM, MA 356,037356.0k $38.5m $38.5m 0.08% Added +32.8k +32,826
99 RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio ST PETERSBURG, FL 354,546354.5k $38.3m $38.3m 0.03% Reduced -8.1k -8,128
100 Pharo Management, Inc. 30.41% of their portfolio NEW YORK, NY 330,453330.5k $35.7m $35.7m 30.41% Reduced -811.0k -810,990