Vault-13

ISHARES TR HYG

IBOXX HI YD ETF · ETP · CUSIP 464288513 · ISIN US4642885135

843 institutional holders -56 vs Q4 2022
203,145,352203.1m shares reported held*
$15.4bnreported value*
83 new 278 added 345 reduced 126 sold out net sold ≈ $3.6bn (-48.0m 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 ($43.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $75.81. Options: 34 managers hold calls ($7.7bn notional), 85 hold puts ($29.3bn).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 788Q4 22: 899Q1 23: 843843Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022788
Q4 2022899
Q1 2023843

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 22: 455 bought or addedQ4 22: 364 cut or sold outQ4 22Q1 23: 361 bought or addedQ1 23: 471 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022455364
Q1 2023361471

Calls vs puts

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

CallsPuts
$0$10bn$20bn$30bnQ3 22 calls: $5.6bnQ3 22 puts: $22.6bnQ3 22P/C 4.02Q4 22 calls: $7.1bnQ4 22 puts: $18.7bnQ4 22P/C 2.65Q1 23 calls: $7.7bnQ1 23 puts: $29.3bnQ1 23P/C 3.79
Numbers
QuarterCallsPutsP/C
Q3 2022$5.6bn$22.6bn4.02
Q4 2022$7.1bn$18.7bn2.65
Q1 2023$7.7bn$29.3bn3.79

Biggest buyers

JANE STREET GROUP, LLC Added +17,159,234+17.2m
BANK OF AMERICA CORP /DE/ Added +5,927,615+5.9m
Squarepoint Ops LLC New +2,782,957+2.8m
WELLINGTON MANAGEMENT GROUP LLP Added +2,745,100+2.7m
TOEWS CORP /ADV New +2,099,400+2.1m
Varma Mutual Pension Insurance Co Added +1,850,000+1.9m
NYL Investors LLC Added +1,801,300+1.8m
MILLENNIUM MANAGEMENT LLC Added +1,515,947+1.5m
Japan Science & Technology Agency Added +1,191,228+1.2m
BARCLAYS PLC Added +830,500+830.5k

Biggest sellers

Clark Capital Management Group, Inc. Sold out -31,066,988-31.1m
Ocean Park Asset Management, LLC Sold out -8,876,200-8.9m
ASSETMARK, INC Reduced -8,214,799-8.2m
Elliott Investment Management L.P. Reduced -6,451,000-6.5m
ENVESTNET ASSET MANAGEMENT INC Reduced -5,083,485-5.1m
CITIGROUP INC Reduced -3,541,288-3.5m
GOLDMAN SACHS GROUP INC Reduced -3,493,438-3.5m
OSAIC HOLDINGS, INC. Reduced -2,044,806-2.0m
SONA ASSET MANAGEMENT (US) LLC Reduced -2,025,000-2.0m
BNP PARIBAS FINANCIAL MARKETS Reduced -1,677,716-1.7m

Biggest calls

CITADEL ADVISORS LLC Added $1.5bn19.8m shares
BARCLAYS PLC Reduced $948.2m12.6m shares
GOLDMAN SACHS GROUP INC Added $935.8m12.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $872.7m11.6m shares
BANK OF AMERICA CORP /DE/ Added $680.0m9.0m shares
BNP PARIBAS FINANCIAL MARKETS Added $655.5m86.8k shares
Laurion Capital Management LP Added $398.5m5.3m shares
WELLS FARGO & COMPANY/MN Added $324.9m4.3m shares
MILLENNIUM MANAGEMENT LLC Reduced $197.6m2.6m shares
Brevan Howard Capital Management LP Reduced $158.7m2.1m shares

Biggest puts

CITADEL ADVISORS LLC Added $4.4bn58.2m shares
GOLDMAN SACHS GROUP INC Added $3.0bn39.7m shares
BARCLAYS PLC Added $2.6bn34.3m shares
CITIGROUP INC Added $2.1bn28.1m shares
BANK OF AMERICA CORP /DE/ Added $2.1bn27.9m shares
BlackRock Inc. Added $2.0bn26.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.0bn26.5m shares
UBS Group AG Added $1.0bn13.5m shares
Laurion Capital Management LP Added $861.3m11.4m shares
Brevan Howard Capital Management LP Added $816.0m10.8m 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 -4.7 pts · filed 2026-10-27 8.5% -4.7 pts 18.4m≈ $1.5bn 2026-10-27

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.16% of their portfolio CHARLOTTE, NC 18,589,46718.6m $1.4bn $1.4bn 0.16% Added +5.9m +5,927,615
2 JANE STREET GROUP, LLC 2.31% of their portfolio NEW YORK, NY 17,782,68417.8m $1.3bn $1.3bn 2.31% Added +17.2m +17,159,234
3 BlackRock Inc. 0.03% of their portfolio New York, NY 15,550,65115.6m $1.2bn $1.2bn 0.03% Reduced -423.2k -423,189
4 Japan Science & Technology Agency 8.54% of their portfolio TOKYO, M0 10,390,62610.4m $785.0m $785.0m 8.54% Added +1.2m +1,191,228
5 MORGAN STANLEY 0.08% of their portfolio NEW YORK, NY 9,936,8049.9m $750.7m $750.7m 0.08% Added +259.1k +259,067
6 Nuveen Asset Management, LLC 0.19% of their portfolio CHICAGO, IL 6,902,9776.9m $521.5m $521.5m 0.19% Reduced -1.3m -1,298,058
7 WELLINGTON MANAGEMENT GROUP LLP 0.09% of their portfolio Boston, MA 6,200,8006.2m $468.5m $468.5m 0.09% Added +2.7m +2,745,100
8 GOLDMAN SACHS GROUP INC 0.09% of their portfolio NEW YORK, NY 4,618,2574.6m $348.9m $348.9m 0.09% Reduced -3.5m -3,493,438
9 ROYAL BANK OF CANADA 0.10% of their portfolio TORONTO, A6 4,519,6564.5m $341.5m $341.5m 0.10% Added +420.3k +420,337
10 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 3.52% of their portfolio VICTORIA, A1 4,472,3184.5m $337.9m $337.9m 3.52% Reduced -446.8k -446,800
11 NYL Investors LLC 20.35% of their portfolio NEW YORK, NY 4,413,3004.4m $333.4m $333.4m 20.35% Added +1.8m +1,801,300
12 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 3,685,9253.7m $278.5m $278.5m 0.09% Reduced -471.6k -471,608
13 STATE OF WISCONSIN INVESTMENT BOARD 0.82% of their portfolio MADISON, WI 3,621,0813.6m $273.6m $273.6m 0.82% Reduced -191.0k -190,969
14 BNP PARIBAS FINANCIAL MARKETS 0.59% of their portfolio PARIS, I0 3,609,0863.6m $272.7m $272.7m 0.59% Reduced -1.7m -1,677,716
15 PRUDENTIAL FINANCIAL INC 0.36% of their portfolio NEWARK, NJ 3,027,4123.0m $228.7m $228.7m 0.36% Added +797.1k +797,148
16 CITIGROUP INC 0.30% of their portfolio NEW YORK, NY 2,943,2162.9m $222.4m $222.4m 0.30% Reduced -3.5m -3,541,288
17 Squarepoint Ops LLC 1.49% of their portfolio NEW YORK, NY 2,782,9572.8m $210.3m $210.3m 1.49% New
18 Varma Mutual Pension Insurance Co 2.35% of their portfolio Varma, H9 2,550,0002.5m $192.7m $192.7m 2.35% Added +1.9m +1,850,000
19 BARCLAYS PLC 0.20% of their portfolio LONDON, X0 2,529,1322.5m $191.1m $191.1m 0.20% Added +830.5k +830,500
20 FMR LLC 0.01% of their portfolio BOSTON, MA 2,237,6702.2m $169.1m $169.1m 0.01% Added +221.8k +221,778
21 ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio Berwyn, PA 2,195,4172.2m $165.9m $165.9m 0.08% Reduced -5.1m -5,083,485
22 TOEWS CORP /ADV 29.03% of their portfolio NORTHFIELD, NJ 2,099,4002.1m $158.6m $158.6m 29.03% New
23 MILLENNIUM MANAGEMENT LLC 0.18% of their portfolio NEW YORK, NY 2,072,0762.1m $156.5m $156.5m 0.18% Added +1.5m +1,515,947
24 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.87% of their portfolio TORONTO, A6 2,031,2122.0m $153.5m $153.5m 0.87% Added +250.0k +250,000
25 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 1,932,2751.9m $146.0m $146.0m 0.02% Added +725.3k +725,272
26 Elo Mutual Pension Insurance Co 4.05% of their portfolio ESPOO, H9 1,689,0001.7m $127.6m $127.6m 4.05% Added +150.0k +150,000
27 ALLSTATE CORP 9.46% of their portfolio NORTHBROOK, IL 1,685,3861.7m $127.3m $127.3m 9.46% Added +93.0k +93,019
28 STIFEL FINANCIAL CORP 0.18% of their portfolio ST. LOUIS, MO 1,681,9111.7m $127.1m $127.1m 0.18% Reduced -178.4k -178,430
29 MACKENZIE FINANCIAL CORP 0.19% of their portfolio TORONTO ONTARIO, A6 1,573,5001.6m $118.9m $118.9m 0.19% Added +218.8k +218,800
30 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,569,6931.6m $118.8m $118.8m 0.04% Added +257.5k +257,539
31 Nan Shan Life Insurance Co., Ltd. 2.31% of their portfolio Taipei City, F5 1,284,6521.3m $97.1m $97.1m 2.31% Unchanged
32 State of Tennessee, Department of Treasury 0.39% of their portfolio NASHVILLE, TN 1,168,0681.2m $88.2m $88.2m 0.39% Reduced -270.8k -270,800
33 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 1,097,8271.1m $82.9m $82.9m 0.06% Added +25.7k +25,678
34 SONA ASSET MANAGEMENT (US) LLC 17.55% of their portfolio NEW YORK, NY 1,080,0001.1m $81.6m $81.6m 17.55% Reduced -2.0m -2,025,000
35 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,052,5931.1m $79.5m $79.5m 0.04% Reduced -682.6k -682,592
36 1832 Asset Management L.P. 0.15% of their portfolio TORONTO, A6 963,273963.3k $72.8m $72.8m 0.15% Reduced -239.5k -239,470
37 RENAISSANCERE HOLDINGS LTD 18.24% of their portfolio PEMBROKE, D0 929,000929.0k $70.2m $70.2m 18.24% Unchanged
38 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 905,943905.9k $68.4m $68.4m 0.01% Reduced -134.8k -134,849
39 US BANCORP \DE\ 0.10% of their portfolio MINNEAPOLIS, MN 810,031810.0k $61.2m $61.2m 0.10% Reduced -48.7k -48,665
40 State of New Jersey Common Pension Fund D 0.22% of their portfolio TRENTON, NJ 800,000800.0k $60.4m $60.4m 0.22% Reduced -650.0k -650,000
41 EHP Funds Inc. 13.01% of their portfolio TORONTO, Z4 784,300784.3k $59.3m $59.3m 13.01% Added +204.3k +204,300
42 HSBC HOLDINGS PLC 0.08% of their portfolio LONDON, X0 780,910780.9k $58.8m $58.8m 0.08% Added +427.4k +427,413
43 Industrial Alliance Investment Management Inc. 1.62% of their portfolio QUEBEC, A8 769,783769.8k $58.2m $58.2m 1.62% Added +92 +92
44 Voya Financial Advisors, Inc. 6.94% of their portfolio WINDSOR, CT 745,786745.8k $55.7m $55.7m 6.94% Added +15.7k +15,722
45 Geisinger Health 13.57% of their portfolio DANVILLE, PA 740,000740.0k $55.9m $55.9m 13.57% Unchanged
46 American Trust 3.81% of their portfolio LEXINGTON, KY 729,327729.3k $55.0m $55.0m 3.81% Reduced -236 -236
47 Allspring Global Investments Holdings, LLC 0.09% of their portfolio CHARLOTTE, NC 724,227724.2k $54.7m $54.7m 0.09% Added +704.0k +704,030
48 CI INVESTMENTS INC. 0.26% of their portfolio TORONTO, Z4 680,422680.4k $51.4m $51.4m 0.26% Reduced -791.6k -791,589
49 Elliott Investment Management L.P. 0.63% of their portfolio WEST PALM BEACH, FL 680,000680.0k $51.4m $51.4m 0.63% Reduced -6.5m -6,451,000
50 D. E. Shaw & Co., Inc. 0.08% of their portfolio New York, NY 669,634669.6k $50.6m $50.6m 0.08% Reduced -432.4k -432,366
51 ASSETMARK, INC 0.21% of their portfolio CONCORD, CA 668,110668.1k $50.5m $50.5m 0.21% Reduced -8.2m -8,214,799
52 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 646,665646.7k $48.9m $48.9m 0.02% Reduced -450.6k -450,593
53 OSAIC HOLDINGS, INC. 0.08% of their portfolio SCOTTSDALE, AZ 585,667585.7k $44.2m $44.2m 0.08% Reduced -2.0m -2,044,806
54 Allianz Asset Management GmbH 0.09% of their portfolio MUNICH, 2M 582,830582.8k $44.0m $44.0m 0.09% Added +182.6k +182,600
55 SUMITOMO MITSUI FINANCIAL GROUP, INC. 1.32% of their portfolio TOKYO, M0 554,169554.2k $41.9m $41.9m 1.32% Reduced -35.5k -35,539
56 SCHRODER INVESTMENT MANAGEMENT GROUP 0.06% of their portfolio London, X0 549,816549.8k $41.5m $41.5m 0.06% Added +5.8k +5,808
57 CONNING INC. 1.37% of their portfolio HARTFORD, CT 540,545540.5k $40.8m $40.8m 1.37% Unchanged
58 Man Group plc 0.13% of their portfolio LONDON, X0 476,647476.6k $36.0m $36.0m 0.13% New
59 NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio NEW YORK, NY 462,006462.0k $34.8m $34.8m 0.03% Reduced -376.8k -376,783
60 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 430,133430.1k $32.5m $32.5m 0.01% Reduced -142.8k -142,782
61 Optiver Holding B.V. 1.48% of their portfolio AMSTERDAM, P7 423,165423.2k $32.0m $32.0m 1.48% New
62 CBIZ Investment Advisory Services, LLC 2.79% of their portfolio INDEPENDENCE, OH 422,668422.7k $31.9m $31.9m 2.79% Added +398.0k +398,031
63 FIFTH THIRD BANCORP 0.14% of their portfolio CINCINNATI, OH 412,011412.0k $31.1m $31.1m 0.14% Reduced -23.3k -23,268
64 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.17% of their portfolio IRVING, TX 403,514403.5k $30.5m $30.5m 0.17% Reduced -7.5k -7,480
65 Invst, LLC 4.54% of their portfolio INDIANAPOLIS, IN 390,865390.9k $29.3m $29.3m 4.54% Reduced -11.6k -11,607
66 Schonfeld Strategic Advisors LLC 0.27% of their portfolio NEW YORK, NY 369,020369.0k $27.9m $27.9m 0.27% Added +245.5k +245,532
67 PRUDENTIAL PLC 0.32% of their portfolio LONDON, X0 355,425355.4k $26.9m $26.9m 0.32% Reduced -83.5k -83,494
68 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 350,449350.4k $26.5m $26.5m 0.01% Added +284.4k +284,421
69 Utah Retirement Systems 0.38% of their portfolio SALT LAKE CITY, UT 347,222347.2k $26.2m $26.2m 0.38% Unchanged
70 Cetera Advisor Networks LLC 0.19% of their portfolio EL SEGUNDO, CA 335,880335.9k $25.4m $25.4m 0.19% Reduced -432.3k -432,307
71 Wealthstar Advisors, LLC 10.59% of their portfolio Plano, TX 330,505330.5k $25.0m $25.0m 10.59% Added +5.9k +5,936
72 MEITAV INVESTMENT HOUSE LTD 0.43% of their portfolio BENE-BERAQ, L3 330,320330.3k $25.1m $25.1m 0.43% Reduced -395.8k -395,796
73 Willis Johnson & Associates, Inc. 2.79% of their portfolio Houston, TX 311,551311.6k $23.5m $23.5m 2.79% Added +11.6k +11,600
74 Summit Wealth Group, LLC 0.01% of their portfolio WHITE RIVER JUNCTION, VT 301,822301.8k $4 $4 0.01% New
75 Rafferty Asset Management, LLC 0.15% of their portfolio New York, NY 301,285301.3k $22.8m $22.8m 0.15% Added +89.3k +89,340
76 Teilinger Capital Ltd. 9.42% of their portfolio HOUSTON, TX 300,000300.0k $22.7m $22.7m 9.42% Added +170.0k +170,000
77 Allianz Investment Management U.S. LLC 1.25% of their portfolio Minneapolis, MN 300,000300.0k $22.7m $22.7m 1.25% Unchanged
78 FLOW TRADERS U.S. LLC 0.91% of their portfolio NEW YORK, NY 298,194298.2k $22.5m $22.5m 0.91% New
79 CREDIT SUISSE AG/ 0.02% of their portfolio ZURICH, V8 297,038297.0k $22.4m $22.4m 0.02% Added +184.8k +184,795
80 MACQUARIE GROUP LTD 0.03% of their portfolio Sydney, NSW 2000, C3 290,000290.0k $21.9m $21.9m 0.03% Reduced -129.0k -129,000
81 Stairway Partners, LLC 1.88% of their portfolio MINNEAPOLIS, MN 287,262287.3k $21.7m $21.7m 1.88% New
82 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 282,829282.8k $21.4m $21.4m 0.04% Reduced -83.4k -83,398
83 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 279,810279.8k $21.1m $21.1m 0.02% Reduced -3.1k -3,075
84 Insight Wealth Strategies, LLC 4.10% of their portfolio SAN RAMON, CA 276,830276.8k $20.9m $20.9m 4.10% Reduced -64.9k -64,894
85 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 272,916272.9k $20.6m $20.6m 0.02% Added +163.6k +163,640
86 Prudent Man Advisors, LLC 7.86% of their portfolio NAPERVILLE, IL 268,198268.2k $20.1m $20.1m 7.86% Added +15.6k +15,570
87 Pure Financial Advisors, LLC 0.92% of their portfolio SAN DIEGO, CA 263,147263.1k $19.9m $19.9m 0.92% Added +23.3k +23,253
88 One Capital Management, LLC 0.96% of their portfolio WESTLAKE VILLAGE, CA 259,535259.5k $19.6m $19.6m 0.96% Added +16.9k +16,871
89 Michelson Medical Research Foundation, Inc. 15.11% of their portfolio Los Angeles, CA 255,130255.1k $19.3m $19.3m 15.11% Unchanged
90 Migdal Insurance & Financial Holdings Ltd. 0.42% of their portfolio Petach Tikva, L3 251,940251.9k $19.0m $19.0m 0.42% Reduced -49.0k -49,030
91 Hackensack Meridian Health, Inc. 2.68% of their portfolio EDISON, NJ 245,000245.0k $18.5m $18.5m 2.68% Unchanged
92 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 244,200244.2k $18.4m $18.4m 0.02% New
93 WADE G W & INC 0.71% of their portfolio Wellesley, MA 243,955244.0k $18.4m $18.4m 0.71% Reduced -3.1k -3,068
94 Raymond James Financial Services Advisors, Inc. 0.03% of their portfolio ST. PETERSBURG, FL 241,778241.8k $18.3m $18.3m 0.03% Added +5.5k +5,456
95 MML INVESTORS SERVICES, LLC 0.13% of their portfolio SPRINGFIELD, MA 241,647241.6k $18.3m $18.3m 0.13% Reduced -385.6k -385,637
96 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 1.44% of their portfolio Tel Aviv, L3 238,807238.8k $17.8m $17.8m 1.44% Reduced -267.1k -267,124
97 Liberty Mutual Group Asset Management Inc. 4.08% of their portfolio Boston, MA 238,254238.3k $18.0m $18.0m 4.08% Unchanged
98 AE Wealth Management LLC 0.11% of their portfolio TOPEKA, KS 231,864231.9k $17.5m $17.5m 0.11% Reduced -115.9k -115,872
99 Twele Capital Management, Inc. 2.82% of their portfolio MINNETONKA, MN 228,562228.6k $17.3m $17.3m 2.82% Reduced -1.2k -1,205
100 CIBC Private Wealth Group LLC 0.01% of their portfolio ATLANTA, GA 222,324222.3k $9.4m $9.4m 0.01% Added +114.0k +114,005