Vault-13

ISHARES TR HYG

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

867 institutional holders +24 vs Q1 2023
221,890,235221.9m shares reported held*
$16.7bnreported value*
99 new 296 added 319 reduced 86 sold out net bought ≈ $1.3bn (+17.5m 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 ($17.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $75.20. Options: 28 managers hold calls ($4.6bn notional), 67 hold puts ($21.3bn).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 788Q4 22: 899Q1 23: 843Q2 23: 867867Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022788
Q4 2022899
Q1 2023843
Q2 2023867

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 23Q2 23: 395 bought or addedQ2 23: 405 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022455364
Q1 2023361471
Q2 2023395405

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 3.79Q2 23 calls: $4.6bnQ2 23 puts: $21.3bnQ2 23P/C 4.61
Numbers
QuarterCallsPutsP/C
Q3 2022$5.6bn$22.6bn4.02
Q4 2022$7.1bn$18.7bn2.65
Q1 2023$7.7bn$29.3bn3.79
Q2 2023$4.6bn$21.3bn4.61

Biggest buyers

Clark Capital Management Group, Inc. New +25,053,769+25.1m
ASSETMARK, INC Added +7,519,348+7.5m
Ocean Park Asset Management, LLC New +6,148,418+6.1m
GOLDMAN SACHS GROUP INC Added +5,647,504+5.6m
ENVESTNET ASSET MANAGEMENT INC Added +4,309,191+4.3m
NYL Investors LLC Added +3,367,200+3.4m
MORGAN STANLEY Added +2,973,340+3.0m
SPX Gestao de Recursos Ltda New +2,351,876+2.4m
NEUBERGER BERMAN GROUP LLC Added +1,950,389+2.0m
OSAIC HOLDINGS, INC. Added +1,764,937+1.8m

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -10,794,717-10.8m
JANE STREET GROUP, LLC Reduced -8,944,102-8.9m
Nuveen Asset Management, LLC Reduced -5,941,000-5.9m
WELLINGTON MANAGEMENT GROUP LLP Reduced -5,617,700-5.6m
Squarepoint Ops LLC Sold out -2,782,957-2.8m
BARCLAYS PLC Reduced -2,062,417-2.1m
BlackRock Inc. Reduced -1,976,463-2.0m
STATE OF WISCONSIN INVESTMENT BOARD Reduced -1,951,293-2.0m
JPMORGAN CHASE & CO Reduced -1,730,350-1.7m
BNP PARIBAS FINANCIAL MARKETS Reduced -1,382,804-1.4m

Biggest calls

CITADEL ADVISORS LLC Added $1.7bn22.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $627.1m8.4m shares
BANK OF AMERICA CORP /DE/ Reduced $568.7m7.6m shares
GOLDMAN SACHS GROUP INC Reduced $527.0m7.0m shares
BNP PARIBAS FINANCIAL MARKETS Reduced $229.0m30.5k shares
Laurion Capital Management LP Reduced $213.9m2.9m shares
CITIGROUP INC Added $136.3m1.8m shares
UBS Group AG Reduced $105.1m1.4m shares
NOMURA HOLDINGS INC Added $84.2m1.1m shares
MILLENNIUM MANAGEMENT LLC Reduced $79.2m1.1m shares

Biggest puts

GOLDMAN SACHS GROUP INC Added $3.5bn47.0m shares
CITADEL ADVISORS LLC Reduced $3.1bn41.7m shares
CITIGROUP INC Reduced $2.0bn26.3m shares
BANK OF AMERICA CORP /DE/ Reduced $1.8bn24.5m shares
Laurion Capital Management LP Added $1.6bn20.8m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.2bn16.4m shares
Waratah Capital Advisors Ltd. Added $1.1bn14.5m shares
UBS Group AG Reduced $930.6m12.4m shares
BANK OF MONTREAL /CAN/ Reduced $611.0m8.1m shares
MACKENZIE FINANCIAL CORP Reduced $538.6m7.2m 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Clark Capital Management Group, Inc. 16.80% of their portfolio PHILADELPHIA, PA 25,053,76925.1m $1.9bn $1.9bn 16.80% New
2 BlackRock Inc. 0.03% of their portfolio New York, NY 13,574,18813.6m $1.0bn $1.0bn 0.03% Reduced -2.0m -1,976,463
3 MORGAN STANLEY 0.10% of their portfolio NEW YORK, NY 12,910,14412.9m $969.2m $969.2m 0.10% Added +3.0m +2,973,340
4 Japan Science & Technology Agency 9.00% of their portfolio TOKYO, M0 10,390,62610.4m $780.0m $780.0m 9.00% Unchanged
5 GOLDMAN SACHS GROUP INC 0.20% of their portfolio NEW YORK, NY 10,265,76110.3m $770.7m $770.7m 0.20% Added +5.6m +5,647,504
6 JANE STREET GROUP, LLC 0.90% of their portfolio NEW YORK, NY 8,838,5828.8m $663.5m $663.5m 0.90% Reduced -8.9m -8,944,102
7 ASSETMARK, INC 2.41% of their portfolio CONCORD, CA 8,187,4588.2m $614.6m $614.6m 2.41% Added +7.5m +7,519,348
8 BANK OF AMERICA CORP /DE/ 0.07% of their portfolio CHARLOTTE, NC 7,794,7507.8m $585.2m $585.2m 0.07% Reduced -10.8m -10,794,717
9 NYL Investors LLC 26.27% of their portfolio NEW YORK, NY 7,780,5007.8m $584.1m $584.1m 26.27% Added +3.4m +3,367,200
10 ENVESTNET ASSET MANAGEMENT INC 0.22% of their portfolio Berwyn, PA 6,504,6086.5m $488.3m $488.3m 0.22% Added +4.3m +4,309,191
11 Ocean Park Asset Management, LLC 15.76% of their portfolio SANTA MONICA, CA 6,148,4186.1m $461.6m $461.6m 15.76% New
12 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 3.05% of their portfolio VICTORIA, A1 4,339,3184.3m $325.8m $325.8m 3.05% Reduced -133.0k -133,000
13 ROYAL BANK OF CANADA 0.09% of their portfolio TORONTO, A6 4,275,1164.3m $320.9m $320.9m 0.09% Reduced -244.5k -244,540
14 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 3,735,0333.7m $280.4m $280.4m 0.08% Added +49.1k +49,108
15 PRUDENTIAL FINANCIAL INC 0.33% of their portfolio NEWARK, NJ 3,057,0883.1m $229.5m $229.5m 0.33% Added +29.7k +29,676
16 Varma Mutual Pension Insurance Co 2.29% of their portfolio Varma, H9 2,550,0002.5m $191.4m $191.4m 2.29% Unchanged
17 TOEWS CORP /ADV 28.31% of their portfolio NORTHFIELD, NJ 2,500,7002.5m $187.7m $187.7m 28.31% Added +401.3k +401,300
18 CITIGROUP INC 0.24% of their portfolio NEW YORK, NY 2,460,4812.5m $184.7m $184.7m 0.24% Reduced -482.7k -482,735
19 NEUBERGER BERMAN GROUP LLC 0.16% of their portfolio NEW YORK, NY 2,412,3952.4m $181.0m $181.0m 0.16% Added +2.0m +1,950,389
20 SPX Gestao de Recursos Ltda 8.40% of their portfolio RIO DE JANEIRO, D5 2,351,8762.4m $176.6m $176.6m 8.40% New
21 OSAIC HOLDINGS, INC. 0.32% of their portfolio SCOTTSDALE, AZ 2,350,6042.4m $176.5m $176.5m 0.32% Added +1.8m +1,764,937
22 BNP PARIBAS FINANCIAL MARKETS 0.33% of their portfolio PARIS, I0 2,226,2822.2m $167.1m $167.1m 0.33% Reduced -1.4m -1,382,804
23 STIFEL FINANCIAL CORP 0.18% of their portfolio ST. LOUIS, MO 1,719,9361.7m $129.1m $129.1m 0.18% Added +38.0k +38,025
24 MACKENZIE FINANCIAL CORP 0.20% of their portfolio TORONTO ONTARIO, A6 1,717,8001.7m $128.1m $128.1m 0.20% Added +144.3k +144,300
25 STATE OF WISCONSIN INVESTMENT BOARD 0.35% of their portfolio MADISON, WI 1,669,7881.7m $125.4m $125.4m 0.35% Reduced -2.0m -1,951,293
26 ALLSTATE CORP 7.41% of their portfolio NORTHBROOK, IL 1,550,5041.6m $116.4m $116.4m 7.41% Reduced -134.9k -134,882
27 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.52% of their portfolio TORONTO, A6 1,531,2121.5m $114.9m $114.9m 0.52% Reduced -500.0k -500,000
28 UBS Group AG 0.05% of their portfolio ZURICH, V8 1,513,4691.5m $113.6m $113.6m 0.05% Added +460.9k +460,876
29 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,484,4771.5m $111.9m $111.9m 0.04% Reduced -85.2k -85,216
30 Voya Financial Advisors, Inc. 12.05% of their portfolio WINDSOR, CT 1,385,2651.4m $103.5m $103.5m 12.05% Added +639.5k +639,479
31 Kensington Asset Management, LLC 6.48% of their portfolio AUSTIN, TX 1,310,0001.3m $98.3m $98.3m 6.48% New
32 Nan Shan Life Insurance Co., Ltd. 2.33% of their portfolio Taipei City, F5 1,284,6521.3m $96.4m $96.4m 2.33% Unchanged
33 Geisinger Health 25.94% of their portfolio DANVILLE, PA 1,079,5431.1m $81.0m $81.0m 25.94% Added +339.5k +339,543
34 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 1,052,2851.1m $79.0m $79.0m 0.06% Reduced -45.5k -45,542
35 State of Tennessee, Department of Treasury 0.32% of their portfolio NASHVILLE, TN 1,025,6351.0m $77.0m $77.0m 0.32% Reduced -142.4k -142,433
36 Elliott Investment Management L.P. 0.91% of their portfolio WEST PALM BEACH, FL 1,020,0001.0m $76.6m $76.6m 0.91% Added +340.0k +340,000
37 Elo Mutual Pension Insurance Co 2.14% of their portfolio ESPOO, H9 970,400970.4k $72.8m $72.8m 2.14% Reduced -718.6k -718,600
38 Nuveen Asset Management, LLC 0.03% of their portfolio CHICAGO, IL 961,977962.0k $72.2m $72.2m 0.03% Reduced -5.9m -5,941,000
39 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.11% of their portfolio BALA CYNWYD, PA 950,424950.4k $71.3m $71.3m 0.11% Added +945.7k +945,749
40 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 933,483933.5k $70.1m $70.1m 0.02% Added +583.0k +583,034
41 TORONTO DOMINION BANK 0.05% of their portfolio TORONTO, ONTARIO, A6 925,888925.9k $69.5m $69.5m 0.05% Added +811.6k +811,588
42 Man Group plc 0.21% of their portfolio LONDON, X0 904,645904.6k $67.9m $67.9m 0.21% New
43 FMR LLC 0.01% of their portfolio BOSTON, MA 894,218894.2k $67.1m $67.1m 0.01% Reduced -1.3m -1,343,452
44 MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 891,675891.7k $66.9m $66.9m 0.07% Reduced -1.2m -1,180,401
45 Cetera Advisor Networks LLC 0.45% of their portfolio EL SEGUNDO, CA 854,861854.9k $64.1m $64.1m 0.45% Added +519.0k +518,981
46 1832 Asset Management L.P. 0.12% of their portfolio TORONTO, A6 843,945843.9k $63.4m $63.4m 0.12% Reduced -119.3k -119,328
47 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 817,561817.6k $61.4m $61.4m 0.01% Reduced -88.4k -88,382
48 State of New Jersey Common Pension Fund D 0.20% of their portfolio TRENTON, NJ 800,000800.0k $60.1m $60.1m 0.20% Unchanged
49 iA Global Asset Management Inc. 1.53% of their portfolio QUEBEC, A8 769,969770.0k $57.8m $57.8m 1.53% First filing
50 US BANCORP \DE\ 0.09% of their portfolio MINNEAPOLIS, MN 767,948767.9k $57.6m $57.6m 0.09% Reduced -42.1k -42,083
51 Allspring Global Investments Holdings, LLC 0.09% of their portfolio CHARLOTTE, NC 716,922716.9k $53.8m $53.8m 0.09% Reduced -7.3k -7,305
52 Jefferies Financial Group Inc. 1.13% of their portfolio NEW YORK, NY 703,650703.6k $52.8m $52.8m 1.13% Added +621.0k +621,023
53 EHP Funds Inc. 14.91% of their portfolio TORONTO, Z4 700,000700.0k $52.5m $52.5m 14.91% Reduced -84.3k -84,300
54 CI INVESTMENTS INC. 0.26% of their portfolio TORONTO, Z4 675,572675.6k $50.7m $50.7m 0.26% Reduced -4.8k -4,850
55 MML INVESTORS SERVICES, LLC 0.27% of their portfolio SPRINGFIELD, MA 662,269662.3k $49.7m $49.7m 0.27% Added +420.6k +420,622
56 Allianz Asset Management GmbH 0.10% of their portfolio MUNICH, 2M 648,270648.3k $48.7m $48.7m 0.10% Added +65.4k +65,440
57 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 608,775608.8k $45.8m $45.8m 0.02% Reduced -37.9k -37,890
58 Schonfeld Strategic Advisors LLC 0.38% of their portfolio NEW YORK, NY 583,781583.8k $43.8m $43.8m 0.38% Added +214.8k +214,761
59 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 583,100583.1k $43.8m $43.8m 0.01% Reduced -5.6m -5,617,700
60 SUMITOMO MITSUI FINANCIAL GROUP, INC. 1.34% of their portfolio TOKYO, M0 560,195560.2k $42.1m $42.1m 1.34% Added +6.0k +6,026
61 CONNING INC. 1.35% of their portfolio HARTFORD, CT 537,045537.0k $40.3m $40.3m 1.35% Reduced -3.5k -3,500
62 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.78% of their portfolio BOSTON, MA 487,557487.6k $36.6m $36.6m 0.78% Added +319.0k +318,966
63 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 466,715466.7k $35.0m $35.0m 0.02% Reduced -2.1m -2,062,417
64 Hunting Hill Global Capital, LLC 21.02% of their portfolio New York, NY 466,500466.5k $35.0m $35.0m 21.02% New
65 CBIZ Investment Advisory Services, LLC 2.76% of their portfolio INDEPENDENCE, OH 431,685431.7k $32.4m $32.4m 2.76% Added +9.0k +9,017
66 Optiver Holding B.V. 0.94% of their portfolio AMSTERDAM, P7 430,438430.4k $32.3m $32.3m 0.94% Added +7.3k +7,273
67 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 427,176427.2k $32.1m $32.1m 0.03% Reduced -353.7k -353,734
68 FIFTH THIRD BANCORP 0.13% of their portfolio CINCINNATI, OH 405,969406.0k $30.5m $30.5m 0.13% Reduced -6.0k -6,042
69 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.16% of their portfolio IRVING, TX 396,466396.5k $29.8m $29.8m 0.16% Reduced -7.0k -7,048
70 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 377,316377.3k $28.3m $28.3m 0.01% Reduced -52.8k -52,817
71 PRUDENTIAL PLC 0.33% of their portfolio LONDON, X0 367,865367.9k $27.6m $27.6m 0.33% Added +12.4k +12,440
72 RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio NEW YORK, NY 365,800365.8k $27.5m $27.5m 0.04% Added +121.6k +121,600
73 Utah Retirement Systems 0.36% of their portfolio SALT LAKE CITY, UT 347,222347.2k $26.1m $26.1m 0.36% Unchanged
74 Wealthstar Advisors, LLC 10.43% of their portfolio Plano, TX 330,641330.6k $24.8m $24.8m 10.43% Added +136 +136
75 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 308,068308.1k $23.1m $23.1m 0.01% Added +108.6k +108,630
76 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 307,524307.5k $23.1m $23.1m 0.03% Reduced -242.3k -242,292
77 Allianz Investment Management U.S. LLC 1.32% of their portfolio Minneapolis, MN 300,000300.0k $22.5m $22.5m 1.32% Unchanged
78 MACQUARIE GROUP LTD 0.02% of their portfolio Sydney, NSW 2000, C3 290,000290.0k $21.8m $21.8m 0.02% Unchanged
79 Stairway Partners, LLC 1.85% of their portfolio MINNEAPOLIS, MN 287,802287.8k $21.6m $21.6m 1.85% Added +540 +540
80 Pure Financial Advisors, LLC 0.91% of their portfolio SAN DIEGO, CA 284,992285.0k $21.4m $21.4m 0.91% Added +21.8k +21,845
81 Csenge Advisory Group 1.43% of their portfolio CLEARWATER, FL 284,759284.8k $21.4m $21.4m 1.43% Added +252.9k +252,886
82 Estate Counselors, LLC 2.69% of their portfolio Thiensville, WI 283,370283.4k $21.3m $21.3m 2.69% New
83 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 277,615277.6k $20.8m $20.8m 0.03% Reduced -392.0k -392,019
84 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 276,865276.9k $20.8m $20.8m 0.02% Added +3.9k +3,949
85 Insight Wealth Strategies, LLC 3.96% of their portfolio SAN RAMON, CA 275,369275.4k $20.7m $20.7m 3.96% Reduced -1.5k -1,461
86 AE Wealth Management LLC 0.12% of their portfolio TOPEKA, KS 275,152275.2k $20.7m $20.7m 0.12% Added +43.3k +43,288
87 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 273,391273.4k $20.5m $20.5m 0.03% Reduced -9.4k -9,438
88 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 273,098273.1k $20.5m $20.5m 0.02% Reduced -6.7k -6,712
89 Prudent Man Advisors, LLC 7.64% of their portfolio NAPERVILLE, IL 270,769270.8k $20.3m $20.3m 7.64% Added +2.6k +2,571
90 Bank Julius Baer & Co. Ltd, Zurich 0.12% of their portfolio ZURICH, V8 268,173268.2k $20.1m $20.1m 0.12% Added +108.4k +108,393
91 Michelson Medical Research Foundation, Inc. 13.63% of their portfolio Los Angeles, CA 255,130255.1k $19.2m $19.2m 13.63% Unchanged
92 Migdal Insurance & Financial Holdings Ltd. 0.44% of their portfolio Petach Tikva, L3 250,970251.0k $18.8m $18.8m 0.44% Reduced -970 -970
93 Liberty Mutual Group Asset Management Inc. 4.54% of their portfolio Boston, MA 238,254238.3k $17.9m $17.9m 4.54% Unchanged
94 Mitsubishi UFJ Trust & Banking Corp 0.04% of their portfolio TOKYO, M0 237,480237.5k $17.8m $17.8m 0.04% New
95 WADE G W & INC 0.65% of their portfolio Wellesley, MA 236,626236.6k $17.8m $17.8m 0.65% Reduced -7.3k -7,329
96 Twele Capital Management, Inc. 2.82% of their portfolio MINNETONKA, MN 232,656232.7k $17.5m $17.5m 2.82% Added +4.1k +4,094
97 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 231,277231.3k $17.3m $17.3m 0.04% Added +185.0k +185,038
98 Willis Johnson & Associates, Inc. 1.81% of their portfolio Houston, TX 226,016226.0k $17.0m $17.0m 1.81% Reduced -85.5k -85,535
99 Trust Co 2.50% of their portfolio MANHATTAN, KS 223,540223.5k $16.8m $16.8m 2.50% Added +12.2k +12,200
100 Walleye Trading LLC 0.87% of their portfolio NEW YORK, NY 223,206223.2k $16.8m $16.8m 0.87% Added +106.1k +106,103