Vault-13

ISHARES TR HYG

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

914 institutional holders -19 vs Q4 2023
281,365,464281.4m shares reported held*
$21.8bnreported value*
82 new 336 added 331 reduced 102 sold out net bought ≈ $596.3m (+8.9m 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 ($17.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $77.43. Options: 32 managers hold calls ($9.3bn notional), 67 hold puts ($28.0bn).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 788Q4 22: 899Q1 23: 843Q2 23: 867Q3 23: 858Q4 23: 933Q1 24: 914914Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022788
Q4 2022899
Q1 2023843
Q2 2023867
Q3 2023858
Q4 2023933
Q1 2024914

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 23Q1 24: 418 bought or addedQ1 24: 433 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022455364
Q1 2023361471
Q2 2023395405
Q3 2023352430
Q4 2023430412
Q1 2024418433

Calls vs puts

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

CallsPuts
$0$10bn$20bn$30bn$40bnQ2 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 4.14Q1 24 calls: $9.3bnQ1 24 puts: $28.0bnQ1 24P/C 3.03
Numbers
QuarterCallsPutsP/C
Q2 2023$4.6bn$21.3bn4.61
Q3 2023$6.8bn$24.3bn3.58
Q4 2023$8.5bn$35.3bn4.14
Q1 2024$9.3bn$28.0bn3.03

Biggest buyers

MORGAN STANLEY Added +17,214,374+17.2m
JPMORGAN CHASE & CO Added +8,927,550+8.9m
BNP PARIBAS FINANCIAL MARKETS Added +5,160,324+5.2m
CITIGROUP INC Added +3,346,855+3.3m
JANE STREET GROUP, LLC Added +2,410,440+2.4m
BW Gestao de Investimentos Ltda. Added +1,800,000+1.8m
Global Assets Advisory, LLC Added +1,385,258+1.4m
HRT FINANCIAL LP Added +1,287,362+1.3m
APG Asset Management US Inc. Added +1,150,000+1.1m
Man Group plc Added +1,078,290+1.1m

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -7,010,676-7.0m
STATE OF WISCONSIN INVESTMENT BOARD Sold out -3,324,945-3.3m
CITADEL ADVISORS LLC Reduced -3,141,891-3.1m
Investure, LLC Sold out -2,754,000-2.8m
D. E. Shaw & Co., Inc. Reduced -2,307,193-2.3m
OSAIC HOLDINGS, INC. Reduced -2,038,642-2.0m
NEUBERGER BERMAN GROUP LLC Reduced -1,812,925-1.8m
VICTORY CAPITAL MANAGEMENT INC Sold out -1,608,317-1.6m
Optiver Holding B.V. Sold out -1,132,000-1.1m
BlackRock Inc. Reduced -978,461-978.5k

Biggest calls

GOLDMAN SACHS GROUP INC Added $1.2bn15.6m shares
CITADEL ADVISORS LLC Reduced $1.1bn14.1m shares
Laurion Capital Management LP Added $912.4m11.7m shares
BANK OF AMERICA CORP /DE/ Added $874.9m11.3m shares
BARCLAYS PLC Added $838.1m10.8m shares
Walleye Capital LLC Added $693.5m8.9m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $648.1m8.3m shares
Brevan Howard Capital Management LP Added $547.4m7.0m shares
WELLS FARGO & COMPANY/MN Added $504.3m6.5m shares
BNP PARIBAS FINANCIAL MARKETS Reduced $322.6m41.5k shares

Biggest puts

GOLDMAN SACHS GROUP INC Added $3.4bn43.7m shares
CITADEL ADVISORS LLC Reduced $3.3bn42.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.2bn28.6m shares
BANK OF AMERICA CORP /DE/ Reduced $2.1bn27.0m shares
MILLENNIUM MANAGEMENT LLC Added $1.9bn24.2m shares
Polar Asset Management Partners Inc. Added $1.4bn17.5m shares
Brevan Howard Capital Management LP Added $1.3bn17.1m shares
CITIGROUP INC Reduced $1.3bn16.9m shares
BARCLAYS PLC Reduced $1.2bn14.9m shares
Walleye Capital LLC Reduced $1.1bn13.9m 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.09% of their portfolio NEW YORK, NY 41,073,13841.1m $3.2bn $3.2bn 0.09% Added +17.2m +17,214,374
2 Clark Capital Management Group, Inc. 15.63% of their portfolio PHILADELPHIA, PA 26,946,38226.9m $2.1bn $2.1bn 15.63% Reduced -141.2k -141,186
3 JPMORGAN CHASE & CO 0.08% of their portfolio NEW YORK, NY 21,880,21621.9m $1.7bn $1.7bn 0.08% Added +8.9m +8,927,550
4 BlackRock Inc. 0.03% of their portfolio New York, NY 15,511,21815.5m $1.2bn $1.2bn 0.03% Reduced -978.5k -978,461
5 Japan Science & Technology Agency 10.03% of their portfolio TOKYO, M0 10,390,62610.4m $807.7m $807.7m 10.03% Unchanged
6 JANE STREET GROUP, LLC 1.00% of their portfolio NEW YORK, NY 9,976,83610.0m $775.5m $775.5m 1.00% Added +2.4m +2,410,440
7 BANK OF AMERICA CORP /DE/ 0.07% of their portfolio CHARLOTTE, NC 9,503,3999.5m $738.7m $738.7m 0.07% Added +421.4k +421,412
8 NYL Investors LLC 23.32% of their portfolio NEW YORK, NY 8,312,5008.3m $646.1m $646.1m 23.32% Unchanged
9 ASSETMARK, INC 1.88% of their portfolio CONCORD, CA 7,457,7927.5m $579.7m $579.7m 1.88% Reduced -142.1k -142,115
10 BNP PARIBAS FINANCIAL MARKETS 0.68% of their portfolio PARIS, I0 7,145,7977.1m $555.4m $555.4m 0.68% Added +5.2m +5,160,324
11 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 3.58% of their portfolio VICTORIA, A1 6,661,6186.7m $517.8m $517.8m 3.58% Unchanged
12 ENVESTNET ASSET MANAGEMENT INC 0.16% of their portfolio Berwyn, PA 5,546,7675.5m $431.2m $431.2m 0.16% Reduced -539.0k -539,013
13 ROYAL BANK OF CANADA 0.10% of their portfolio TORONTO, A6 5,463,8125.5m $424.7m $424.7m 0.10% Added +188.3k +188,279
14 APG Asset Management US Inc. 1.94% of their portfolio New York, NY 4,346,0004.3m $334.7m $334.7m 1.94% Added +1.1m +1,150,000
15 CITIGROUP INC 0.36% of their portfolio NEW YORK, NY 4,293,3924.3m $333.7m $333.7m 0.36% Added +3.3m +3,346,855
16 GOLDMAN SACHS GROUP INC 0.06% of their portfolio NEW YORK, NY 3,764,2313.8m $292.6m $292.6m 0.06% Reduced -7.0m -7,010,676
17 WELLS FARGO & COMPANY/MN 0.07% of their portfolio SAN FRANCISCO, CA 3,553,1743.6m $276.2m $276.2m 0.07% Reduced -443.4k -443,416
18 Man Group plc 0.73% of their portfolio LONDON, X0 3,469,9903.5m $269.7m $269.7m 0.73% Added +1.1m +1,078,290
19 HRT FINANCIAL LP 1.28% of their portfolio NEW YORK, NY 2,643,2462.6m $205.5m $205.5m 1.28% Added +1.3m +1,287,362
20 Capula Management Ltd 6.37% of their portfolio Grand Cayman, E9 2,421,1682.4m $188.2m $188.2m 6.37% Added +847.2k +847,168
21 Ocean Park Asset Management, LLC 8.62% of their portfolio SANTA MONICA, CA 2,353,4002.4m $182.9m $182.9m 8.62% Reduced -53.1k -53,100
22 BW Gestao de Investimentos Ltda. 15.35% of their portfolio SAO PAULO, D5 2,195,6002.2m $170.7m $170.7m 15.35% Added +1.8m +1,800,000
23 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.22% of their portfolio BALA CYNWYD, PA 1,933,8121.9m $150.3m $150.3m 0.22% Added +353.4k +353,450
24 STIFEL FINANCIAL CORP 0.17% of their portfolio ST. LOUIS, MO 1,873,8681.9m $145.7m $145.7m 0.17% Added +36.5k +36,465
25 UBS Group AG 0.05% of their portfolio ZURICH, V8 1,838,8791.8m $142.9m $142.9m 0.05% Added +813.1k +813,148
26 MACKENZIE FINANCIAL CORP 0.20% of their portfolio TORONTO ONTARIO, A6 1,762,5741.8m $137.0m $137.0m 0.20% Added +191.9k +191,925
27 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,649,3221.6m $128.0m $128.0m 0.04% Added +206.9k +206,902
28 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.45% of their portfolio TORONTO, A6 1,644,5121.6m $127.8m $127.8m 0.45% Reduced -850.0k -850,000
29 ALLSTATE CORP 8.73% of their portfolio NORTHBROOK, IL 1,581,5251.6m $122.9m $122.9m 8.73% Added +89.7k +89,667
30 CITADEL ADVISORS LLC 0.11% of their portfolio MIAMI, FL 1,527,9281.5m $118.8m $118.8m 0.11% Reduced -3.1m -3,141,891
31 iA Global Asset Management Inc. 2.32% of their portfolio QUEBEC, A8 1,457,0331.5m $113.3m $113.3m 2.32% Reduced -10.5k -10,533
32 OSAIC HOLDINGS, INC. 0.25% of their portfolio SCOTTSDALE, AZ 1,431,2481.4m $111.3m $111.3m 0.25% Reduced -2.0m -2,038,642
33 Global Assets Advisory, LLC 0.70% of their portfolio ORLANDO, FL 1,402,8421.4m $18.2k $18.2k 0.70% Added +1.4m +1,385,258
34 EMORY UNIVERSITY 64.90% of their portfolio ATLANTA, GA 1,339,8701.3m $104.1m $104.1m 64.90% Added +20.6k +20,553
35 Nan Shan Life Insurance Co., Ltd. 2.35% of their portfolio Taipei City, F5 1,284,6521.3m $99.9m $99.9m 2.35% Unchanged
36 State of Tennessee, Department of Treasury 0.36% of their portfolio NASHVILLE, TN 1,263,0021.3m $98.2m $98.2m 0.36% Added +17.5k +17,513
37 Endurance Services Ltd 17.26% of their portfolio PURCHASE, NY 1,148,8691.1m $89.3m $89.3m 17.26% Reduced -780.0k -780,000
38 PRUDENTIAL FINANCIAL INC 0.12% of their portfolio NEWARK, NJ 1,111,9981.1m $86.4m $86.4m 0.12% Added +55.5k +55,473
39 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 1,094,8051.1m $85.1m $85.1m 0.05% Reduced -59.1k -59,136
40 Geisinger Health 23.39% of their portfolio DANVILLE, PA 1,079,8341.1m $83.9m $83.9m 23.39% Added +11.1k +11,120
41 Nuveen Asset Management, LLC 0.02% of their portfolio CHICAGO, IL 1,076,3761.1m $83.7m $83.7m 0.02% Reduced -3.3k -3,282
42 Elliott Investment Management L.P. 0.79% of their portfolio WEST PALM BEACH, FL 1,020,0001.0m $79.3m $79.3m 0.79% Unchanged
43 Cetera Investment Advisers 0.19% of their portfolio SCHAUMBURG, IL 1,014,8211.0m $78.9m $78.9m 0.19% Added +696.2k +696,246
44 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 933,700933.7k $72.6m $72.6m 0.02% Added +163 +163
45 NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio NEW YORK, NY 881,420881.4k $68.5m $68.5m 0.06% Reduced -1.8m -1,812,925
46 1832 Asset Management L.P. 0.12% of their portfolio TORONTO, A6 863,641863.6k $67.1m $67.1m 0.12% Reduced -107.4k -107,351
47 Aristotle Pacific Capital, LLC 24.05% of their portfolio NEWPORT BEACH, CA 839,772839.8k $65.3m $65.3m 24.05% Reduced -18.9k -18,898
48 BARCLAYS PLC 0.03% of their portfolio LONDON, X0 804,333804.3k $62.5m $62.5m 0.03% Reduced -29.8k -29,826
49 TD Asset Management Inc 0.05% of their portfolio Toronto, A6 743,494743.5k $57.8m $57.8m 0.05% Added +3.3k +3,294
50 State of New Jersey Common Pension Fund D 0.17% of their portfolio TRENTON, NJ 722,700722.7k $56.2m $56.2m 0.17% Unchanged
51 US BANCORP \DE\ 0.08% of their portfolio MINNEAPOLIS, MN 703,935703.9k $54.7m $54.7m 0.08% Reduced -72.5k -72,495
52 Utah Retirement Systems 0.63% of their portfolio SALT LAKE CITY, UT 693,563693.6k $53.9m $53.9m 0.63% Unchanged
53 Allianz Asset Management GmbH 0.08% of their portfolio MUNICH, 2M 644,910644.9k $50.1m $50.1m 0.08% Unchanged
54 SUMITOMO MITSUI FINANCIAL GROUP, INC. 1.37% of their portfolio TOKYO, M0 566,233566.2k $44.0m $44.0m 1.37% Reduced -49.8k -49,750
55 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 554,120554.1k $43.1m $43.1m 0.01% Reduced -17.8k -17,837
56 One William Street Capital Management, L.P. 58.59% of their portfolio New York, NY 500,000500.0k $38.9m $38.9m 58.59% Unchanged
57 Point72 Europe (London) LLP 3.62% of their portfolio LONDON, X0 500,000500.0k $38.9m $38.9m 3.62% New
58 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 467,258467.3k $36.3m $36.3m 0.07% Reduced -223.5k -223,523
59 MML INVESTORS SERVICES, LLC 0.15% of their portfolio SPRINGFIELD, MA 454,880454.9k $35.4m $35.4m 0.15% Reduced -29.8k -29,759
60 TOEWS CORP /ADV 6.11% of their portfolio NORTHFIELD, NJ 451,700451.7k $35.1m $35.1m 6.11% Reduced -192.6k -192,600
61 CI INVESTMENTS INC. 0.14% of their portfolio TORONTO, Z4 447,622447.6k $34.8m $34.8m 0.14% Added +39.5k +39,450
62 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 415,427415.4k $32.3m $32.3m 0.02% Added +38.9k +38,923
63 Bank Julius Baer & Co. Ltd, Zurich 0.12% of their portfolio ZURICH, V8 412,767412.8k $32.2m $32.2m 0.12% Added +4.9k +4,877
64 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 392,135392.1k $30.5m $30.5m 0.01% Reduced -586.3k -586,283
65 Rafferty Asset Management, LLC 0.11% of their portfolio New York, NY 381,503381.5k $29.7m $29.7m 0.11% Added +94.2k +94,153
66 Apollon Wealth Management, LLC 0.90% of their portfolio MOUNT PLEASANT, SC 366,430366.4k $28.5m $28.5m 0.90% Reduced -9.6k -9,636
67 National Philanthropic Trust 0.62% of their portfolio Jenkintown, PA 365,507365.5k $28.4m $28.4m 0.62% Added +13.4k +13,379
68 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 355,841355.8k $27.7m $27.7m 0.02% Reduced -282.7k -282,737
69 Pure Financial Advisors, LLC 0.85% of their portfolio SAN DIEGO, CA 349,240349.2k $27.1m $27.1m 0.85% Added +21.4k +21,392
70 Towercrest Capital Management 4.50% of their portfolio NEWTOWN, PA 343,566343.6k $26.7m $26.7m 4.50% Added +14.2k +14,197
71 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 333,755333.8k $25.9m $25.9m 0.02% Unchanged
72 PRUDENTIAL PLC 0.21% of their portfolio LONDON, X0 330,855330.9k $25.7m $25.7m 0.21% Added +8.3k +8,350
73 Integrated Wealth Concepts LLC 0.37% of their portfolio WALTHAM, MA 326,072326.1k $25.3m $25.3m 0.37% Added +7.5k +7,494
74 Wealthstar Advisors, LLC 8.41% of their portfolio Plano, TX 310,913310.9k $24.2m $24.2m 8.41% Reduced -5.4k -5,384
75 FIFTH THIRD BANCORP 0.09% of their portfolio CINCINNATI, OH 303,324303.3k $23.6m $23.6m 0.09% Reduced -13.9k -13,879
76 Allianz Investment Management U.S. LLC 1.47% of their portfolio Minneapolis, MN 300,000300.0k $23.3m $23.3m 1.47% Unchanged
77 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 299,144299.1k $23.3m $23.3m 0.03% Reduced -617.2k -617,215
78 Atria Wealth Solutions, Inc. 0.26% of their portfolio NEW YORK, NY 292,267292.3k $22.7m $22.7m 0.26% Reduced -30.0k -29,981
79 Invst, LLC 2.67% of their portfolio INDIANAPOLIS, IN 291,961292.0k $22.5m $22.5m 2.67% Reduced -1.0k -1,012
80 MACQUARIE GROUP LTD 0.03% of their portfolio Sydney, NSW 2000, C3 290,000290.0k $22.5m $22.5m 0.03% Unchanged
81 Counterpoint Mutual Funds LLC 5.46% of their portfolio San Diego, CA 286,461286.5k $22.3m $22.3m 5.46% Reduced -716.4k -716,369
82 HUNTINGTON NATIONAL BANK 0.18% of their portfolio COLUMBUS, OH 280,973281.0k $21.8m $21.8m 0.18% Added +16.9k +16,949
83 Verition Fund Management LLC 0.21% of their portfolio GREENWICH, CT 276,200276.2k $21.5m $21.5m 0.21% Added +144.0k +144,000
84 Csenge Advisory Group 1.16% of their portfolio CLEARWATER, FL 266,644266.6k $20.7m $20.7m 1.16% Reduced -4.1k -4,073
85 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 265,495265.5k $20.6m $20.6m 0.01% Reduced -51.8k -51,784
86 Prudent Man Advisors, LLC 7.71% of their portfolio NAPERVILLE, IL 264,556264.6k $20.6m $20.6m 7.71% Reduced -4.2k -4,177
87 CONNING INC. 0.66% of their portfolio HARTFORD, CT 258,395258.4k $20.1m $20.1m 0.66% Unchanged
88 EHP Funds Inc. 13.60% of their portfolio TORONTO, Z4 255,426255.4k $19.9m $19.9m 13.60% Reduced -134.6k -134,572
89 Michelson Medical Research Foundation, Inc. 12.02% of their portfolio Los Angeles, CA 255,130255.1k $19.8m $19.8m 12.02% Unchanged
90 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 247,575247.6k $19.2m $19.2m 0.02% Reduced -218.0k -217,969
91 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 246,000246.0k $19.1m $19.1m 0.01% Added +11.0k +11,025
92 Twele Capital Management, Inc. 4.31% of their portfolio MINNETONKA, MN 245,088245.1k $19.1m $19.1m 4.31% Added +6.6k +6,596
93 Hunting Hill Global Capital, LLC 11.13% of their portfolio New York, NY 244,009244.0k $19.0m $19.0m 11.13% Reduced -236.9k -236,886
94 Stairway Partners, LLC 1.52% of their portfolio MINNEAPOLIS, MN 242,034242.0k $18.8m $18.8m 1.52% Added +4.4k +4,401
95 CBIZ Investment Advisory Services, LLC 1.30% of their portfolio INDEPENDENCE, OH 241,320241.3k $18.8m $18.8m 1.30% Added +12.9k +12,880
96 Squarepoint Ops LLC 0.08% of their portfolio NEW YORK, NY 239,713239.7k $18.6m $18.6m 0.08% Reduced -902.8k -902,799
97 Liberty Mutual Group Asset Management Inc. 5.28% of their portfolio Boston, MA 238,254238.3k $18.5m $18.5m 5.28% Unchanged
98 Envestnet Portfolio Solutions, Inc. 0.07% of their portfolio BERWYN, PA 237,748237.7k $18.5m $18.5m 0.07% Reduced -10.3k -10,251
99 Trust Co 2.41% of their portfolio MANHATTAN, KS 236,370236.4k $18.4m $18.4m 2.41% Added +10.4k +10,358
100 KWMG, LLC 1.98% of their portfolio OVERLAND PARK, KS 232,764232.8k $18.1m $18.1m 1.98% Added +7.3k +7,335