Vault-13

ISHARES TR HYG

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

858 institutional holders -9 vs Q2 2023
243,690,820243.7m shares reported held*
$18.0bnreported value*
76 new 276 added 348 reduced 82 sold out net bought ≈ $1.6bn (+21.8m 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 ($29.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $74.00. Options: 32 managers hold calls ($6.8bn notional), 74 hold puts ($24.3bn).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 788Q4 22: 899Q1 23: 843Q2 23: 867Q3 23: 858858Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022788
Q4 2022899
Q1 2023843
Q2 2023867
Q3 2023858

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 23Q3 23: 352 bought or addedQ3 23: 430 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022455364
Q1 2023361471
Q2 2023395405
Q3 2023352430

Calls vs puts

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

CallsPuts
$0$10bn$20bn$30bnQ4 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 4.61Q3 23 calls: $6.8bnQ3 23 puts: $24.3bnQ3 23P/C 3.58
Numbers
QuarterCallsPutsP/C
Q4 2022$7.1bn$18.7bn2.65
Q1 2023$7.7bn$29.3bn3.79
Q2 2023$4.6bn$21.3bn4.61
Q3 2023$6.8bn$24.3bn3.58

Biggest buyers

GOLDMAN SACHS GROUP INC Added +20,567,760+20.6m
JANE STREET GROUP, LLC Added +6,301,662+6.3m
BARCLAYS PLC Added +4,697,224+4.7m
MORGAN STANLEY Added +1,964,338+2.0m
State of Tennessee, Department of Treasury Added +1,944,787+1.9m
OSAIC HOLDINGS, INC. Added +1,705,601+1.7m
CITADEL ADVISORS LLC New +1,044,746+1.0m
BW Gestao de Investimentos Ltda. New +1,020,000+1.0m
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Added +1,016,000+1.0m
Optiver Holding B.V. Added +795,925+795.9k

Biggest sellers

Clark Capital Management Group, Inc. Reduced -8,305,425-8.3m
TOEWS CORP /ADV Sold out -2,500,700-2.5m
SPX Gestao de Recursos Ltda Sold out -2,351,876-2.4m
PRUDENTIAL FINANCIAL INC Reduced -1,517,317-1.5m
Kensington Asset Management, LLC Sold out -1,310,000-1.3m
TORONTO DOMINION BANK Sold out -925,888-925.9k
Man Group plc Sold out -904,645-904.6k
BANK OF AMERICA CORP /DE/ Reduced -856,525-856.5k
CITIGROUP INC Reduced -831,643-831.6k
EHP Funds Inc. Reduced -640,000-640.0k

Biggest calls

CITADEL ADVISORS LLC Added $1.7bn22.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $993.0m13.5m shares
Laurion Capital Management LP Added $707.7m9.6m shares
GOLDMAN SACHS GROUP INC Added $646.7m8.8m shares
Brevan Howard Capital Management LP New $598.5m8.1m shares
BANK OF AMERICA CORP /DE/ Reduced $425.7m5.8m shares
MILLENNIUM MANAGEMENT LLC Added $409.5m5.6m shares
WELLS FARGO & COMPANY/MN Added $376.0m5.1m shares
CITIGROUP INC Added $235.9m3.2m shares
First Eagle Investment Management, LLC New $184.3m2.5m shares

Biggest puts

CITADEL ADVISORS LLC Added $3.6bn49.0m shares
GOLDMAN SACHS GROUP INC Reduced $3.1bn41.5m shares
CITIGROUP INC Added $2.8bn38.4m shares
SONA ASSET MANAGEMENT (US) LLC New $1.6bn22.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.5bn20.4m shares
BANK OF AMERICA CORP /DE/ Reduced $1.2bn15.8m shares
Brevan Howard Capital Management LP New $1.2bn15.7m shares
Laurion Capital Management LP Reduced $837.3m11.4m shares
ROYAL BANK OF CANADA New $658.4m8.9m shares
WELLS FARGO & COMPANY/MN Added $656.1m8.9m 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.58% of their portfolio NEW YORK, NY 30,833,52130.8m $2.3bn $2.3bn 0.58% Added +20.6m +20,567,760
2 Clark Capital Management Group, Inc. 12.36% of their portfolio PHILADELPHIA, PA 16,748,34416.7m $1.2bn $1.2bn 12.36% Reduced -8.3m -8,305,425
3 JANE STREET GROUP, LLC 1.74% of their portfolio NEW YORK, NY 15,140,24415.1m $1.1bn $1.1bn 1.74% Added +6.3m +6,301,662
4 MORGAN STANLEY 0.11% of their portfolio NEW YORK, NY 14,874,48214.9m $1.1bn $1.1bn 0.11% Added +2.0m +1,964,338
5 BlackRock Inc. 0.03% of their portfolio New York, NY 13,058,05813.1m $962.6m $962.6m 0.03% Reduced -516.1k -516,130
6 Japan Science & Technology Agency 8.66% of their portfolio TOKYO, M0 10,390,62610.4m $766.0m $766.0m 8.66% Unchanged
7 ASSETMARK, INC 2.30% of their portfolio CONCORD, CA 7,795,6277.8m $574.7m $574.7m 2.30% Reduced -391.8k -391,831
8 NYL Investors LLC 23.41% of their portfolio NEW YORK, NY 7,780,5007.8m $573.6m $573.6m 23.41% Unchanged
9 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 6,938,2256.9m $511.5m $511.5m 0.06% Reduced -856.5k -856,525
10 Ocean Park Asset Management, LLC 22.17% of their portfolio SANTA MONICA, CA 6,748,1046.7m $497.5m $497.5m 22.17% Added +599.7k +599,686
11 ENVESTNET ASSET MANAGEMENT INC 0.20% of their portfolio Berwyn, PA 5,913,8525.9m $436.0m $436.0m 0.20% Reduced -590.8k -590,756
12 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 3.75% of their portfolio VICTORIA, A1 5,355,3185.4m $394.8m $394.8m 3.75% Added +1.0m +1,016,000
13 BARCLAYS PLC 0.25% of their portfolio LONDON, X0 5,163,9395.2m $380.7m $380.7m 0.25% Added +4.7m +4,697,224
14 OSAIC HOLDINGS, INC. 0.44% of their portfolio SCOTTSDALE, AZ 4,056,2054.1m $299.0m $299.0m 0.44% Added +1.7m +1,705,601
15 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 3,931,2663.9m $289.8m $289.8m 0.08% Reduced -343.9k -343,850
16 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 3,629,9673.6m $267.6m $267.6m 0.08% Reduced -105.1k -105,066
17 State of Tennessee, Department of Treasury 0.88% of their portfolio NASHVILLE, TN 2,970,4223.0m $219.0m $219.0m 0.88% Added +1.9m +1,944,787
18 BNP PARIBAS FINANCIAL MARKETS 0.44% of their portfolio PARIS, I0 2,688,6082.7m $198.2m $198.2m 0.44% Added +462.3k +462,326
19 Varma Mutual Pension Insurance Co 2.27% of their portfolio Varma, H9 2,550,0002.5m $188.0m $188.0m 2.27% Unchanged
20 NEUBERGER BERMAN GROUP LLC 0.16% of their portfolio NEW YORK, NY 2,335,2152.3m $172.1m $172.1m 0.16% Reduced -77.2k -77,180
21 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.65% of their portfolio TORONTO, A6 1,931,2121.9m $142.4m $142.4m 0.65% Added +400.0k +400,000
22 STIFEL FINANCIAL CORP 0.19% of their portfolio ST. LOUIS, MO 1,802,2991.8m $132.9m $132.9m 0.19% Added +82.4k +82,363
23 STATE OF WISCONSIN INVESTMENT BOARD 0.38% of their portfolio MADISON, WI 1,663,5441.7m $122.6m $122.6m 0.38% Reduced -6.2k -6,244
24 MACKENZIE FINANCIAL CORP 0.20% of their portfolio TORONTO ONTARIO, A6 1,639,3001.6m $118.3m $118.3m 0.20% Reduced -78.5k -78,500
25 CITIGROUP INC 0.17% of their portfolio NEW YORK, NY 1,628,8381.6m $120.1m $120.1m 0.17% Reduced -831.6k -831,643
26 PRUDENTIAL FINANCIAL INC 0.18% of their portfolio NEWARK, NJ 1,539,7711.5m $113.5m $113.5m 0.18% Reduced -1.5m -1,517,317
27 ALLSTATE CORP 6.62% of their portfolio NORTHBROOK, IL 1,537,0011.5m $113.3m $113.3m 6.62% Reduced -13.5k -13,503
28 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,468,5561.5m $108.7m $108.7m 0.04% Reduced -15.9k -15,921
29 Jefferies Financial Group Inc. 2.58% of their portfolio NEW YORK, NY 1,404,0361.4m $103.5m $103.5m 2.58% Added +700.4k +700,386
30 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.15% of their portfolio BALA CYNWYD, PA 1,291,3591.3m $95.2m $95.2m 0.15% Added +340.9k +340,935
31 Nan Shan Life Insurance Co., Ltd. 2.58% of their portfolio Taipei City, F5 1,284,6521.3m $94.7m $94.7m 2.58% Unchanged
32 Schonfeld Strategic Advisors LLC 0.87% of their portfolio NEW YORK, NY 1,281,9101.3m $94.5m $94.5m 0.87% Added +698.1k +698,129
33 State of New Jersey Common Pension Fund D 0.34% of their portfolio TRENTON, NJ 1,272,7001.3m $93.8m $93.8m 0.34% Added +472.7k +472,700
34 Optiver Holding B.V. 2.58% of their portfolio AMSTERDAM, P7 1,226,3631.2m $90.4m $90.4m 2.58% Added +795.9k +795,925
35 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,169,3601.2m $86.2m $86.2m 0.04% Reduced -344.1k -344,109
36 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 1,124,7581.1m $84.7m $84.7m 0.03% Added +516.0k +515,983
37 Geisinger Health 27.41% of their portfolio DANVILLE, PA 1,097,5421.1m $80.9m $80.9m 27.41% Added +18.0k +17,999
38 CITADEL ADVISORS LLC 0.08% of their portfolio MIAMI, FL 1,044,7461.0m $77.0m $77.0m 0.08% New
39 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 1,042,8681.0m $76.9m $76.9m 0.05% Reduced -9.4k -9,417
40 BW Gestao de Investimentos Ltda. 9.28% of their portfolio SAO PAULO, D5 1,020,0001.0m $75.2m $75.2m 9.28% New
41 Elliott Investment Management L.P. 0.90% of their portfolio WEST PALM BEACH, FL 1,020,0001.0m $75.2m $75.2m 0.90% Unchanged
42 Nuveen Asset Management, LLC 0.02% of their portfolio CHICAGO, IL 948,627948.6k $69.9m $69.9m 0.02% Reduced -13.3k -13,350
43 Allspring Global Investments Holdings, LLC 0.12% of their portfolio CHARLOTTE, NC 938,339938.3k $69.2m $69.2m 0.12% Added +221.4k +221,417
44 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 933,167933.2k $68.8m $68.8m 0.02% Reduced -316 -316
45 Voya Financial Advisors, Inc. 8.44% of their portfolio WINDSOR, CT 917,824917.8k $67.8m $67.8m 8.44% Reduced -467.4k -467,441
46 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 887,191887.2k $65.4m $65.4m 0.01% Added +685.3k +685,266
47 FMR LLC 0.01% of their portfolio BOSTON, MA 849,096849.1k $62.6m $62.6m 0.01% Reduced -45.1k -45,122
48 iA Global Asset Management Inc. 1.50% of their portfolio QUEBEC, A8 769,853769.9k $56.8m $56.8m 1.50% Reduced -116 -116
49 1832 Asset Management L.P. 0.12% of their portfolio TORONTO, A6 766,693766.7k $56.5m $56.5m 0.12% Reduced -77.3k -77,252
50 SCHRODER INVESTMENT MANAGEMENT GROUP 0.08% of their portfolio London, X0 729,759729.8k $53.8m $53.8m 0.08% Added +422.2k +422,235
51 Cetera Advisor Networks LLC 0.33% of their portfolio EL SEGUNDO, CA 717,007717.0k $52.9m $52.9m 0.33% Reduced -137.9k -137,854
52 US BANCORP \DE\ 0.09% of their portfolio MINNEAPOLIS, MN 708,484708.5k $52.2m $52.2m 0.09% Reduced -59.5k -59,464
53 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 676,224676.2k $49.9m $49.9m 0.01% Reduced -141.3k -141,337
54 Allianz Asset Management GmbH 0.10% of their portfolio MUNICH, 2M 644,910644.9k $47.5m $47.5m 0.10% Reduced -3.4k -3,360
55 CI INVESTMENTS INC. 0.26% of their portfolio TORONTO, Z4 622,872622.9k $45.9m $45.9m 0.26% Reduced -52.7k -52,700
56 SUMITOMO MITSUI FINANCIAL GROUP, INC. 1.44% of their portfolio TOKYO, M0 604,506604.5k $44.6m $44.6m 1.44% Added +44.3k +44,311
57 Man Group plc 0.13% of their portfolio LONDON, X0 569,335569.3k $42.0m $42.0m 0.13% New
58 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 511,330511.3k $37.7m $37.7m 0.02% Added +203.3k +203,262
59 CAPTRUST FINANCIAL ADVISORS 0.14% of their portfolio RALEIGH, NC 506,896506.9k $37.4m $37.4m 0.14% Added +486.9k +486,950
60 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 485,843485.8k $35.8m $35.8m 0.04% Reduced -405.8k -405,832
61 Hunting Hill Global Capital, LLC 16.70% of their portfolio New York, NY 480,895480.9k $35.5m $35.5m 16.70% Added +14.4k +14,395
62 STEVENS CAPITAL MANAGEMENT LP 9.95% of their portfolio RADNOR, PA 467,400467.4k $34.5m $34.5m 9.95% Added +315.2k +315,200
63 MML INVESTORS SERVICES, LLC 0.19% of their portfolio SPRINGFIELD, MA 458,832458.8k $33.8m $33.8m 0.19% Reduced -203.4k -203,437
64 Bank Julius Baer & Co. Ltd, Zurich 0.17% of their portfolio ZURICH, V8 396,656396.7k $29.2m $29.2m 0.17% Added +128.5k +128,483
65 FIFTH THIRD BANCORP 0.13% of their portfolio CINCINNATI, OH 388,572388.6k $28.6m $28.6m 0.13% Reduced -17.4k -17,397
66 Elo Mutual Pension Insurance Co 0.84% of their portfolio ESPOO, H9 370,400370.4k $27.3m $27.3m 0.84% Reduced -600.0k -600,000
67 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 368,849368.8k $27.2m $27.2m 0.02% Added +92.0k +91,984
68 Utah Retirement Systems 0.37% of their portfolio SALT LAKE CITY, UT 347,222347.2k $25.6m $25.6m 0.37% Unchanged
69 Integrated Wealth Concepts LLC 0.43% of their portfolio WALTHAM, MA 330,031330.0k $24.3m $24.3m 0.43% Added +297.0k +297,034
70 PRUDENTIAL PLC 0.28% of their portfolio LONDON, X0 328,075328.1k $24.2m $24.2m 0.28% Reduced -39.8k -39,790
71 Wealthstar Advisors, LLC 10.49% of their portfolio Plano, TX 326,728326.7k $24.1m $24.1m 10.49% Reduced -3.9k -3,913
72 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.55% of their portfolio BOSTON, MA 310,661310.7k $22.9m $22.9m 0.55% Reduced -176.9k -176,896
73 Pure Financial Advisors, LLC 0.92% of their portfolio SAN DIEGO, CA 304,830304.8k $22.5m $22.5m 0.92% Added +19.8k +19,838
74 Aristotle Pacific Capital, LLC 13.27% of their portfolio NEWPORT BEACH, CA 304,135304.1k $22.4m $22.4m 13.27% Added +229.9k +229,860
75 Allianz Investment Management U.S. LLC 1.37% of their portfolio Minneapolis, MN 300,000300.0k $22.1m $22.1m 1.37% Unchanged
76 AE Wealth Management LLC 0.13% of their portfolio TOPEKA, KS 299,078299.1k $22.0m $22.0m 0.13% Added +23.9k +23,926
77 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 292,672292.7k $21.6m $21.6m 0.02% Reduced -134.5k -134,504
78 MACQUARIE GROUP LTD 0.03% of their portfolio Sydney, NSW 2000, C3 290,000290.0k $21.4m $21.4m 0.03% Unchanged
79 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.14% of their portfolio IRVING, TX 289,238289.2k $21.3m $21.3m 0.14% Reduced -107.2k -107,228
80 CTC LLC 0.95% of their portfolio CHICAGO, IL 286,173286.2k $21.1m $21.1m 0.95% Added +279.3k +279,287
81 Csenge Advisory Group 1.42% of their portfolio CLEARWATER, FL 282,003282.0k $20.8m $20.8m 1.42% Reduced -2.8k -2,756
82 Estate Counselors, LLC 2.74% of their portfolio Thiensville, WI 279,250279.2k $20.6m $20.6m 2.74% Reduced -4.1k -4,120
83 MESIROW FINANCIAL INVESTMENT MANAGEMENT - Fixed Income 22.90% of their portfolio CHICAGO, IL 275,000275.0k $20.3m $20.3m 22.90% New
84 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 273,867273.9k $20.2m $20.2m 0.02% Added +769 +769
85 Prudent Man Advisors, LLC 7.90% of their portfolio NAPERVILLE, IL 269,958270.0k $19.9m $19.9m 7.90% Reduced -811 -811
86 CONNING INC. 0.69% of their portfolio HARTFORD, CT 258,395258.4k $19.0m $19.0m 0.69% Reduced -278.6k -278,650
87 Michelson Medical Research Foundation, Inc. 12.70% of their portfolio Los Angeles, CA 255,130255.1k $18.8m $18.8m 12.70% Unchanged
88 MARATHON ASSET MANAGEMENT LP 9.78% of their portfolio NEW YORK, NY 250,000250.0k $18.4m $18.4m 9.78% New
89 Atria Wealth Solutions, Inc. 0.26% of their portfolio NEW YORK, NY 246,689246.7k $18.2m $18.2m 0.26% Added +31.0k +30,974
90 HUNTINGTON NATIONAL BANK 0.18% of their portfolio COLUMBUS, OH 245,405245.4k $18.1m $18.1m 0.18% Added +26.9k +26,867
91 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 244,250244.2k $18.0m $18.0m 0.01% Added +70.5k +70,550
92 Envestnet Portfolio Solutions, Inc. 0.09% of their portfolio BERWYN, PA 244,094244.1k $18.0m $18.0m 0.09% First filing
93 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 243,694243.7k $18.0m $18.0m 0.03% Reduced -29.7k -29,697
94 WADE G W & INC 0.66% of their portfolio Wellesley, MA 241,391241.4k $17.8m $17.8m 0.66% Added +4.8k +4,765
95 Stairway Partners, LLC 1.89% of their portfolio MINNEAPOLIS, MN 239,114239.1k $17.6m $17.6m 1.89% Reduced -48.7k -48,688
96 Liberty Mutual Group Asset Management Inc. 4.88% of their portfolio Boston, MA 238,254238.3k $17.6m $17.6m 4.88% Unchanged
97 Raymond James Financial Services Advisors, Inc. 0.03% of their portfolio ST. PETERSBURG, FL 235,055235.1k $17.3m $17.3m 0.03% Added +38.8k +38,792
98 Twele Capital Management, Inc. 2.94% of their portfolio MINNETONKA, MN 232,646232.6k $17.2m $17.2m 2.94% Reduced -10 -10
99 SG Americas Securities, LLC 0.23% of their portfolio NEW YORK, NY 232,464232.5k $17.1m $17.1m 0.23% New
100 Willis Johnson & Associates, Inc. 1.83% of their portfolio Houston, TX 231,592231.6k $17.1m $17.1m 1.83% Added +5.6k +5,576