Vault-13

ISHARES TR HYG

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

933 institutional holders +75 vs Q3 2023
272,663,619272.7m shares reported held*
$21.1bnreported value*
127 new 303 added 318 reduced 94 sold out net bought ≈ $1.7bn (+23.1m 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 ($14.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $77.38. Options: 36 managers hold calls ($8.5bn notional), 66 hold puts ($35.3bn).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 788Q4 22: 899Q1 23: 843Q2 23: 867Q3 23: 858Q4 23: 933933Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022788
Q4 2022899
Q1 2023843
Q2 2023867
Q3 2023858
Q4 2023933

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 23Q4 23: 430 bought or addedQ4 23: 412 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022455364
Q1 2023361471
Q2 2023395405
Q3 2023352430
Q4 2023430412

Calls vs puts

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

CallsPuts
$0$10bn$20bn$30bn$40bnQ1 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 3.58Q4 23 calls: $8.5bnQ4 23 puts: $35.3bnQ4 23P/C 4.14
Numbers
QuarterCallsPutsP/C
Q1 2023$7.7bn$29.3bn3.79
Q2 2023$4.6bn$21.3bn4.61
Q3 2023$6.8bn$24.3bn3.58
Q4 2023$8.5bn$35.3bn4.14

Biggest buyers

JPMORGAN CHASE & CO Added +12,065,475+12.1m
Clark Capital Management Group, Inc. Added +10,339,224+10.3m
MORGAN STANLEY Added +8,984,282+9.0m
CITADEL ADVISORS LLC Added +3,625,073+3.6m
BlackRock Inc. Added +3,431,621+3.4m
APG Asset Management US Inc. New +3,196,000+3.2m
Investure, LLC New +2,754,000+2.8m
D. E. Shaw & Co., Inc. New +2,424,593+2.4m
Man Group plc New +2,391,700+2.4m
BANK OF AMERICA CORP /DE/ Added +2,143,762+2.1m

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -20,058,614-20.1m
JANE STREET GROUP, LLC Reduced -7,573,848-7.6m
Ocean Park Asset Management, LLC Reduced -4,341,604-4.3m
BARCLAYS PLC Reduced -4,329,780-4.3m
Varma Mutual Pension Insurance Co Sold out -2,550,000-2.5m
State of Tennessee, Department of Treasury Reduced -1,724,933-1.7m
Schonfeld Strategic Advisors LLC Sold out -1,281,910-1.3m
Jefferies Financial Group Inc. Reduced -929,371-929.4k
FMR LLC Reduced -840,491-840.5k
Voya Financial Advisors, Inc. Reduced -734,541-734.5k

Biggest calls

CITADEL ADVISORS LLC Reduced $1.6bn20.8m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.1bn14.2m shares
BARCLAYS PLC New $723.1m9.3m shares
GOLDMAN SACHS GROUP INC Reduced $661.2m8.5m shares
BANK OF AMERICA CORP /DE/ Added $547.4m7.1m shares
MILLENNIUM MANAGEMENT LLC Added $490.5m6.3m shares
BNP PARIBAS FINANCIAL MARKETS Added $446.5m57.7k shares
UBS Group AG Added $435.6m5.6m shares
WELLS FARGO & COMPANY/MN Reduced $347.7m4.5m shares
Walleye Capital LLC Added $328.9m4.2m shares

Biggest puts

CITADEL ADVISORS LLC Added $4.0bn51.9m shares
BARCLAYS PLC New $3.1bn40.4m shares
BANK OF AMERICA CORP /DE/ Added $3.1bn40.2m shares
GOLDMAN SACHS GROUP INC Reduced $2.9bn37.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.9bn37.1m shares
WELLS FARGO & COMPANY/MN Added $2.6bn33.1m shares
CITIGROUP INC Reduced $2.5bn31.7m shares
SONA ASSET MANAGEMENT (US) LLC Added $1.9bn25.2m shares
Walleye Capital LLC Added $1.2bn15.0m shares
Laurion Capital Management LP Added $1.1bn14.2m 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Clark Capital Management Group, Inc. 17.16% of their portfolio PHILADELPHIA, PA 27,087,56827.1m $2.1bn $2.1bn 17.16% Added +10.3m +10,339,224
2 MORGAN STANLEY 0.08% of their portfolio NEW YORK, NY 23,858,76423.9m $1.8bn $1.8bn 0.08% Added +9.0m +8,984,282
3 BlackRock Inc. 0.03% of their portfolio New York, NY 16,489,67916.5m $1.3bn $1.3bn 0.03% Added +3.4m +3,431,621
4 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 12,952,66613.0m $1.0bn $1.0bn 0.05% Added +12.1m +12,065,475
5 GOLDMAN SACHS GROUP INC 0.18% of their portfolio NEW YORK, NY 10,774,90710.8m $833.9m $833.9m 0.18% Reduced -20.1m -20,058,614
6 Japan Science & Technology Agency 8.78% of their portfolio TOKYO, M0 10,390,62610.4m $804.1m $804.1m 8.78% Unchanged
7 BANK OF AMERICA CORP /DE/ 0.08% of their portfolio CHARLOTTE, NC 9,081,9879.1m $702.9m $702.9m 0.08% Added +2.1m +2,143,762
8 NYL Investors LLC 26.09% of their portfolio NEW YORK, NY 8,312,5008.3m $643.3m $643.3m 26.09% Added +532.0k +532,000
9 ASSETMARK, INC 2.13% of their portfolio CONCORD, CA 7,599,9077.6m $588.2m $588.2m 2.13% Reduced -195.7k -195,720
10 JANE STREET GROUP, LLC 0.71% of their portfolio NEW YORK, NY 7,566,3967.6m $585.6m $585.6m 0.71% Reduced -7.6m -7,573,848
11 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 4.21% of their portfolio VICTORIA, A1 6,661,6186.7m $515.5m $515.5m 4.21% Added +1.3m +1,306,300
12 ENVESTNET ASSET MANAGEMENT INC 0.19% of their portfolio Berwyn, PA 6,085,7806.1m $471.0m $471.0m 0.19% Added +171.9k +171,928
13 ROYAL BANK OF CANADA 0.10% of their portfolio TORONTO, A6 5,275,5335.3m $408.3m $408.3m 0.10% Added +1.3m +1,344,267
14 CITADEL ADVISORS LLC 0.36% of their portfolio MIAMI, FL 4,669,8194.7m $361.4m $361.4m 0.36% Added +3.6m +3,625,073
15 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 3,996,5904.0m $309.3m $309.3m 0.09% Added +366.6k +366,623
16 OSAIC HOLDINGS, INC. 0.47% of their portfolio SCOTTSDALE, AZ 3,469,8903.5m $268.6m $268.6m 0.47% Reduced -586.3k -586,315
17 STATE OF WISCONSIN INVESTMENT BOARD 0.73% of their portfolio MADISON, WI 3,324,9453.3m $257.3m $257.3m 0.73% Added +1.7m +1,661,401
18 APG Asset Management US Inc. 1.52% of their portfolio New York, NY 3,196,0003.2m $247.3m $247.3m 1.52% New
19 Investure, LLC 28.43% of their portfolio CHARLOTTESVILLE, VA 2,754,0002.8m $213.1m $213.1m 28.43% New
20 NEUBERGER BERMAN GROUP LLC 0.18% of their portfolio NEW YORK, NY 2,694,3452.7m $208.5m $208.5m 0.18% Added +359.1k +359,130
21 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.68% of their portfolio TORONTO, A6 2,494,5122.5m $193.1m $193.1m 0.68% Added +563.3k +563,300
22 D. E. Shaw & Co., Inc. 0.27% of their portfolio New York, NY 2,424,5932.4m $187.6m $187.6m 0.27% New
23 Ocean Park Asset Management, LLC 9.13% of their portfolio SANTA MONICA, CA 2,406,5002.4m $186.2m $186.2m 9.13% Reduced -4.3m -4,341,604
24 Man Group plc 0.53% of their portfolio LONDON, X0 2,391,7002.4m $185.1m $185.1m 0.53% New
25 BNP PARIBAS FINANCIAL MARKETS 0.28% of their portfolio PARIS, I0 1,985,4732.0m $153.7m $153.7m 0.28% Reduced -703.1k -703,135
26 Endurance Services Ltd 29.55% of their portfolio PURCHASE, NY 1,928,8691.9m $149.3m $149.3m 29.55% First filing
27 STIFEL FINANCIAL CORP 0.18% of their portfolio ST. LOUIS, MO 1,837,4031.8m $142.2m $142.2m 0.18% Added +35.1k +35,104
28 VICTORY CAPITAL MANAGEMENT INC 0.13% of their portfolio San Antonio, TX 1,608,3171.6m $124.5m $124.5m 0.13% New
29 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.21% of their portfolio BALA CYNWYD, PA 1,580,3621.6m $122.3m $122.3m 0.21% Added +289.0k +289,003
30 Capula Management Ltd 7.68% of their portfolio Grand Cayman, E9 1,574,0001.6m $121.8m $121.8m 7.68% Not comparable
31 MACKENZIE FINANCIAL CORP 0.18% of their portfolio TORONTO ONTARIO, A6 1,570,6491.6m $121.6m $121.6m 0.18% Reduced -68.7k -68,651
32 ALLSTATE CORP 7.97% of their portfolio NORTHBROOK, IL 1,491,8581.5m $115.5m $115.5m 7.97% Reduced -45.1k -45,143
33 iA Global Asset Management Inc. 2.62% of their portfolio QUEBEC, A8 1,467,5661.5m $113.6m $113.6m 2.62% Added +697.7k +697,713
34 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,442,4201.4m $111.5m $111.5m 0.03% Reduced -26.1k -26,136
35 HRT FINANCIAL LP 0.79% of their portfolio NEW YORK, NY 1,355,8841.4m $104.9m $104.9m 0.79% New
36 EMORY UNIVERSITY 63.13% of their portfolio ATLANTA, GA 1,319,3171.3m $102.1m $102.1m 63.13% First filing
37 Nan Shan Life Insurance Co., Ltd. 2.40% of their portfolio Taipei City, F5 1,284,6521.3m $99.4m $99.4m 2.40% Unchanged
38 State of Tennessee, Department of Treasury 0.38% of their portfolio NASHVILLE, TN 1,245,4891.2m $96.4m $96.4m 0.38% Reduced -1.7m -1,724,933
39 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 1,153,9411.2m $89.3m $89.3m 0.05% Added +111.1k +111,073
40 Squarepoint Ops LLC 0.36% of their portfolio NEW YORK, NY 1,142,5121.1m $88.4m $88.4m 0.36% New
41 Optiver Holding B.V. 2.62% of their portfolio AMSTERDAM, P7 1,132,0001.1m $87.6m $87.6m 2.62% Reduced -94.4k -94,363
42 Nuveen Asset Management, LLC 0.02% of their portfolio CHICAGO, IL 1,079,6581.1m $61.9m $61.9m 0.02% Added +131.0k +131,031
43 Geisinger Health 25.88% of their portfolio DANVILLE, PA 1,068,7141.1m $82.7m $82.7m 25.88% Reduced -28.8k -28,828
44 PRUDENTIAL FINANCIAL INC 0.12% of their portfolio NEWARK, NJ 1,056,5251.1m $81.8m $81.8m 0.12% Reduced -483.2k -483,246
45 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,025,7311.0m $79.4m $79.4m 0.03% Reduced -143.6k -143,629
46 Elliott Investment Management L.P. 0.87% of their portfolio WEST PALM BEACH, FL 1,020,0001.0m $78.9m $78.9m 0.87% Unchanged
47 Counterpoint Mutual Funds LLC 15.93% of their portfolio San Diego, CA 1,002,8301.0m $77.6m $77.6m 15.93% Added +981.1k +981,064
48 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 978,418978.4k $76.4m $76.4m 0.02% Reduced -146.3k -146,340
49 1832 Asset Management L.P. 0.14% of their portfolio TORONTO, A6 970,992971.0k $75.1m $75.1m 0.14% Added +204.3k +204,299
50 CITIGROUP INC 0.10% of their portfolio NEW YORK, NY 946,537946.5k $73.3m $73.3m 0.10% Reduced -682.3k -682,301
51 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 933,537933.5k $72.2m $72.2m 0.02% Added +370 +370
52 SCHRODER INVESTMENT MANAGEMENT GROUP 0.09% of their portfolio London, X0 916,359916.4k $70.9m $70.9m 0.09% Added +186.6k +186,600
53 Aristotle Pacific Capital, LLC 27.50% of their portfolio NEWPORT BEACH, CA 858,670858.7k $66.5m $66.5m 27.50% Added +554.5k +554,535
54 Allspring Global Investments Holdings, LLC 0.11% of their portfolio CHARLOTTE, NC 856,192856.2k $66.3m $66.3m 0.11% Reduced -82.1k -82,147
55 BARCLAYS PLC 0.03% of their portfolio LONDON, X0 834,159834.2k $64.6m $64.6m 0.03% Reduced -4.3m -4,329,780
56 US BANCORP \DE\ 0.09% of their portfolio MINNEAPOLIS, MN 776,430776.4k $60.1m $60.1m 0.09% Added +67.9k +67,946
57 TD Asset Management Inc 0.06% of their portfolio Toronto, A6 740,200740.2k $57.3m $57.3m 0.06% New
58 State of New Jersey Common Pension Fund D 0.19% of their portfolio TRENTON, NJ 722,700722.7k $55.9m $55.9m 0.19% Reduced -550.0k -550,000
59 Utah Retirement Systems 0.68% of their portfolio SALT LAKE CITY, UT 693,563693.6k $53.7m $53.7m 0.68% Added +346.3k +346,341
60 Thrivent Financial for Lutherans 0.12% of their portfolio Minneapolis, MN 690,781690.8k $53.5m $53.5m 0.12% Added +643.1k +643,086
61 Walleye Capital LLC 0.74% of their portfolio NEW YORK, NY 686,096686.1k $53.1m $53.1m 0.74% Added +557.5k +557,494
62 Allianz Asset Management GmbH 0.09% of their portfolio MUNICH, 2M 644,910644.9k $49.9m $49.9m 0.09% Unchanged
63 TOEWS CORP /ADV 11.84% of their portfolio NORTHFIELD, NJ 644,300644.3k $49.9m $49.9m 11.84% New
64 HSBC HOLDINGS PLC 0.05% of their portfolio LONDON, X0 638,578638.6k $49.5m $49.5m 0.05% Added +345.9k +345,906
65 STEVENS CAPITAL MANAGEMENT LP 12.30% of their portfolio RADNOR, PA 637,600637.6k $49.3m $49.3m 12.30% Added +170.2k +170,200
66 TORONTO DOMINION BANK 0.07% of their portfolio TORONTO, ONTARIO, A6 631,500631.5k $48.9m $48.9m 0.07% New
67 SUMITOMO MITSUI FINANCIAL GROUP, INC. 1.51% of their portfolio TOKYO, M0 615,983616.0k $47.7m $47.7m 1.51% Added +11.5k +11,477
68 Cetera Advisor Networks LLC 0.26% of their portfolio EL SEGUNDO, CA 604,692604.7k $46.8m $46.8m 0.26% Reduced -112.3k -112,315
69 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 571,957572.0k $44.3m $44.3m 0.01% Reduced -104.3k -104,267
70 MARSHALL WACE, LLP 0.08% of their portfolio LONDON, X0 541,118541.1k $41.9m $41.9m 0.08% New
71 Brevan Howard Capital Management LP 3.89% of their portfolio ST. HELIER, Y9 500,000500.0k $38.7m $38.7m 3.89% New
72 One William Street Capital Management, L.P. 79.51% of their portfolio New York, NY 500,000500.0k $38.3m $38.3m 79.51% New
73 MML INVESTORS SERVICES, LLC 0.17% of their portfolio SPRINGFIELD, MA 484,639484.6k $37.5m $37.5m 0.17% Added +25.8k +25,807
74 Hunting Hill Global Capital, LLC 28.06% of their portfolio New York, NY 480,895480.9k $37.2m $37.2m 28.06% Unchanged
75 Jefferies Financial Group Inc. 0.58% of their portfolio NEW YORK, NY 474,665474.7k $36.7m $36.7m 0.58% Reduced -929.4k -929,371
76 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 465,544465.5k $36.0m $36.0m 0.03% Reduced -20.3k -20,299
77 CI INVESTMENTS INC. 0.16% of their portfolio TORONTO, Z4 408,172408.2k $31.6m $31.6m 0.16% Reduced -214.7k -214,700
78 Bank Julius Baer & Co. Ltd, Zurich 0.13% of their portfolio ZURICH, V8 407,890407.9k $31.6m $31.6m 0.13% Added +11.2k +11,234
79 BW Gestao de Investimentos Ltda. 3.48% of their portfolio SAO PAULO, D5 395,600395.6k $30.6m $30.6m 3.48% Reduced -624.4k -624,400
80 EHP Funds Inc. 15.14% of their portfolio TORONTO, Z4 389,998390.0k $30.2m $30.2m 15.14% Added +330.0k +329,998
81 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 376,504376.5k $29.1m $29.1m 0.02% Added +102.6k +102,637
82 Apollon Wealth Management, LLC 1.01% of their portfolio MOUNT PLEASANT, SC 376,066376.1k $29.1m $29.1m 1.01% Added +368.7k +368,716
83 National Philanthropic Trust 0.72% of their portfolio Jenkintown, PA 352,128352.1k $27.3m $27.3m 0.72% First filing
84 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 333,755333.8k $25.8m $25.8m 0.02% Reduced -35.1k -35,094
85 Towercrest Capital Management 4.56% of their portfolio NEWTOWN, PA 329,369329.4k $25.5m $25.5m 4.56% Added +108.9k +108,907
86 Pure Financial Advisors, LLC 0.88% of their portfolio SAN DIEGO, CA 327,848327.8k $25.4m $25.4m 0.88% Added +23.0k +23,018
87 PRUDENTIAL PLC 0.27% of their portfolio LONDON, X0 322,505322.5k $25.0m $25.0m 0.27% Reduced -5.6k -5,570
88 Atria Wealth Solutions, Inc. 0.31% of their portfolio NEW YORK, NY 322,248322.2k $24.9m $24.9m 0.31% Added +75.6k +75,559
89 Integrated Wealth Concepts LLC 0.40% of their portfolio WALTHAM, MA 318,578318.6k $24.7m $24.7m 0.40% Reduced -11.5k -11,453
90 Cetera Investment Advisers 0.20% of their portfolio SCHAUMBURG, IL 318,575318.6k $24.7m $24.7m 0.20% Added +151.1k +151,102
91 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 317,279317.3k $24.6m $24.6m 0.01% Reduced -194.1k -194,051
92 FIFTH THIRD BANCORP 0.10% of their portfolio CINCINNATI, OH 317,203317.2k $24.5m $24.5m 0.10% Reduced -71.4k -71,369
93 Wealthstar Advisors, LLC 9.09% of their portfolio Plano, TX 316,297316.3k $24.5m $24.5m 9.09% Reduced -10.4k -10,431
94 Allianz Investment Management U.S. LLC 1.42% of their portfolio Minneapolis, MN 300,000300.0k $23.2m $23.2m 1.42% Unchanged
95 Invst, LLC 2.89% of their portfolio INDIANAPOLIS, IN 292,973293.0k $22.6m $22.6m 2.89% Added +279.1k +279,077
96 MACQUARIE GROUP LTD 0.03% of their portfolio Sydney, NSW 2000, C3 290,000290.0k $22.4m $22.4m 0.03% Unchanged
97 Rafferty Asset Management, LLC 0.09% of their portfolio New York, NY 287,350287.4k $22.2m $22.2m 0.09% Added +200.6k +200,615
98 Paloma Partners Management Co 3.50% of their portfolio GREENWICH, CT 275,207275.2k $21.3m $21.3m 3.50% New
99 Csenge Advisory Group 1.31% of their portfolio CLEARWATER, FL 270,717270.7k $21.0m $21.0m 1.31% Reduced -11.3k -11,286
100 Prudent Man Advisors, LLC 7.76% of their portfolio NAPERVILLE, IL 268,733268.7k $20.8m $20.8m 7.76% Reduced -1.2k -1,225