Vault-13

ISHARES TR HYG

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

988 institutional holders +88 vs Q3 2024
229,818,376229.8m shares reported held*
$18.1bnreported value*
97 new 359 added 315 reduced 65 sold out net sold ≈ $1.1bn (-14.0m 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 ($18.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $78.80. Options: 30 managers hold calls ($7.4bn notional), 67 hold puts ($22.7bn).

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 788Q4 22: 899Q1 23: 843Q2 23: 867Q3 23: 858Q4 23: 933Q1 24: 914Q2 24: 901Q3 24: 900Q4 24: 988988Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022788
Q4 2022899
Q1 2023843
Q2 2023867
Q3 2023858
Q4 2023933
Q1 2024914
Q2 2024901
Q3 2024900
Q4 2024988

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q1 23: 361 bought or addedQ1 23: 471 cut or sold outQ2 23: 395 bought or addedQ2 23: 405 cut or sold outQ2 23Q3 23: 352 bought or addedQ3 23: 430 cut or sold outQ4 23: 430 bought or addedQ4 23: 412 cut or sold outQ4 23Q1 24: 418 bought or addedQ1 24: 433 cut or sold outQ2 24: 411 bought or addedQ2 24: 428 cut or sold outQ2 24Q3 24: 424 bought or addedQ3 24: 402 cut or sold outQ4 24: 456 bought or addedQ4 24: 380 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023361471
Q2 2023395405
Q3 2023352430
Q4 2023430412
Q1 2024418433
Q2 2024411428
Q3 2024424402
Q4 2024456380

Calls vs puts

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

CallsPuts
$0$10bn$20bn$30bnQ1 24 calls: $9.3bnQ1 24 puts: $28.0bnQ1 24P/C 3.03Q2 24 calls: $8.2bnQ2 24 puts: $20.2bnQ2 24P/C 2.47Q3 24 calls: $7.8bnQ3 24 puts: $25.2bnQ3 24P/C 3.21Q4 24 calls: $7.4bnQ4 24 puts: $22.7bnQ4 24P/C 3.07
Numbers
QuarterCallsPutsP/C
Q1 2024$9.3bn$28.0bn3.03
Q2 2024$8.2bn$20.2bn2.47
Q3 2024$7.8bn$25.2bn3.21
Q4 2024$7.4bn$22.7bn3.07

Biggest buyers

GOLDMAN SACHS GROUP INC Added +4,428,434+4.4m
MACKENZIE FINANCIAL CORP Added +3,841,868+3.8m
BlackRock, Inc. Added +3,661,560+3.7m
UBS Group AG Added +3,354,826+3.4m
ALLIANCEBERNSTEIN L.P. New +2,000,000+2.0m
JANE STREET GROUP, LLC Added +1,713,282+1.7m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +1,552,646+1.6m
SIH Partners, LLLP New +1,373,805+1.4m
State of Tennessee, Department of Treasury Added +940,923+940.9k
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Added +831,300+831.3k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -7,761,285-7.8m
LOOMIS SAYLES & CO L P Reduced -3,697,967-3.7m
HSBC HOLDINGS PLC Reduced -3,237,663-3.2m
JPMORGAN CHASE & CO Reduced -3,014,328-3.0m
Knighthead Capital Management, LLC Sold out -3,000,000-3.0m
BNP PARIBAS Reduced -2,820,700-2.8m
CITIGROUP INC Reduced -2,720,997-2.7m
BNP PARIBAS FINANCIAL MARKETS Reduced -2,667,685-2.7m
APG Asset Management US Inc. Reduced -1,925,500-1.9m
MORGAN STANLEY Reduced -1,920,716-1.9m

Biggest calls

GOLDMAN SACHS GROUP INC Added $1.3bn16.8m shares
BANK OF AMERICA CORP /DE/ Added $1.2bn14.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.1bn13.7m shares
CITADEL ADVISORS LLC Reduced $565.2m7.2m shares
CITIGROUP INC Reduced $491.6m6.2m shares
JANE STREET GROUP, LLC Reduced $480.1m6.1m shares
Brevan Howard Capital Management LP Added $369.7m4.7m shares
MILLENNIUM MANAGEMENT LLC Reduced $328.7m4.2m shares
Ionic Capital Management LLC New $317.4m4.0m shares
BARCLAYS PLC Reduced $255.6m3.2m shares

Biggest puts

GOLDMAN SACHS GROUP INC Added $3.2bn40.1m shares
BANK OF AMERICA CORP /DE/ Reduced $2.5bn32.0m shares
BARCLAYS PLC Reduced $2.2bn27.9m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.0bn25.8m shares
CITIGROUP INC Reduced $1.7bn22.1m shares
UBS Group AG Added $1.5bn19.5m shares
CITADEL ADVISORS LLC Reduced $900.7m11.5m shares
WELLS FARGO & COMPANY/MN Reduced $708.1m9.0m shares
JANE STREET GROUP, LLC Reduced $652.3m8.3m shares
MILLENNIUM MANAGEMENT LLC Reduced $648.3m8.2m 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Clark Capital Management Group, Inc. 12.47% of their portfolio PHILADELPHIA, PA 22,673,37422.7m $1.8bn $1.8bn 12.47% Reduced -1.8m -1,817,138
2 BlackRock, Inc. 0.03% of their portfolio New York, NY 21,031,66021.0m $1.7bn $1.7bn 0.03% Added +3.7m +3,661,560
3 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 10,953,85911.0m $861.5m $861.5m 0.06% Reduced -1.9m -1,920,716
4 GOLDMAN SACHS GROUP INC 0.16% of their portfolio NEW YORK, NY 10,572,53710.6m $831.5m $831.5m 0.16% Added +4.4m +4,428,434
5 Japan Science & Technology Agency 13.99% of their portfolio TOKYO, M0 10,390,62610.4m $817.2m $817.2m 13.99% Unchanged
6 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 7,323,1147.3m $576.0m $576.0m 0.05% Reduced -7.8m -7,761,285
7 ASSETMARK, INC 1.56% of their portfolio CONCORD, CA 7,299,6737.3m $574.1m $574.1m 1.56% Added +186.8k +186,790
8 BNP PARIBAS FINANCIAL MARKETS 0.36% of their portfolio PARIS, I0 5,853,1995.9m $460.4m $460.4m 0.36% Reduced -2.7m -2,667,685
9 MACKENZIE FINANCIAL CORP 0.20% of their portfolio TORONTO ONTARIO, A6 5,596,1225.6m $438.8m $438.8m 0.20% Added +3.8m +3,841,868
10 ENVESTNET ASSET MANAGEMENT INC 0.14% of their portfolio Berwyn, PA 5,545,9385.5m $436.2m $436.2m 0.14% Reduced -94.0k -94,000
11 ROYAL BANK OF CANADA 0.09% of their portfolio TORONTO, A6 5,445,8545.4m $428.3m $428.3m 0.09% Reduced -1.1m -1,078,564
12 UBS Group AG 0.09% of their portfolio ZURICH, V8 4,973,0135.0m $391.1m $391.1m 0.09% Added +3.4m +3,354,826
13 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 2.28% of their portfolio VICTORIA, A1 4,870,1184.9m $383.0m $383.0m 2.28% Added +831.3k +831,300
14 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 4,606,3924.6m $362.3m $362.3m 0.09% Reduced -1.4m -1,422,517
15 Nuveen Asset Management, LLC 0.10% of their portfolio CHICAGO, IL 4,501,4094.5m $354.0m $354.0m 0.10% Added +2.9k +2,871
16 JANE STREET GROUP, LLC 0.53% of their portfolio NEW YORK, NY 4,189,4814.2m $329.5m $329.5m 0.53% Added +1.7m +1,713,282
17 APG Asset Management US Inc. 2.45% of their portfolio New York, NY 4,100,5004.1m $322.5m $322.5m 2.45% Reduced -1.9m -1,925,500
18 BARCLAYS PLC 0.12% of their portfolio LONDON, X0 3,026,5833.0m $238.0m $238.0m 0.12% Reduced -380.5k -380,496
19 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.45% of their portfolio TORONTO, A6 2,652,0122.7m $208.6m $208.6m 0.45% Added +57.5k +57,500
20 NYL Investors LLC 17.81% of their portfolio NEW YORK, NY 2,502,9882.5m $196.9m $196.9m 17.81% Reduced -1.3m -1,260,110
21 Ocean Park Asset Management, LLC 6.51% of their portfolio SANTA MONICA, CA 2,432,8892.4m $191.3m $191.3m 6.51% Added +389 +389
22 State of Tennessee, Department of Treasury 0.67% of their portfolio NASHVILLE, TN 2,330,9082.3m $183.3m $183.3m 0.67% Added +940.9k +940,923
23 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.25% of their portfolio BALA CYNWYD, PA 2,148,7082.1m $169.0m $169.0m 0.25% Added +1.6m +1,552,646
24 STIFEL FINANCIAL CORP 0.17% of their portfolio ST. LOUIS, MO 2,104,6682.1m $165.5m $165.5m 0.17% Added +195.7k +195,709
25 ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio NASHVILLE, TN 2,000,0002.0m $157.3m $157.3m 0.05% New
26 Jefferies Financial Group Inc. 1.75% of their portfolio NEW YORK, NY 1,999,5202.0m $157.3m $157.3m 1.75% Added +809.6k +809,643
27 Endurance Services Ltd 26.00% of their portfolio PURCHASE, NY 1,972,7192.0m $155.2m $155.2m 26.00% Unchanged
28 D. E. Shaw & Co., Inc. 0.16% of their portfolio New York, NY 1,867,0001.9m $146.8m $146.8m 0.16% Added +437.2k +437,200
29 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 1,757,4111.8m $138.2m $138.2m 0.06% Added +415.5k +415,468
30 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,657,2231.7m $130.4m $130.4m 0.03% Added +72.0k +72,044
31 HSBC HOLDINGS PLC 0.08% of their portfolio LONDON, X0 1,648,9921.6m $129.6m $129.6m 0.08% Reduced -3.2m -3,237,663
32 TD Asset Management Inc 0.11% of their portfolio Toronto, A6 1,590,0171.6m $125.1m $125.1m 0.11% Added +191.4k +191,434
33 Man Group plc 0.36% of their portfolio LONDON, X0 1,498,8581.5m $117.9m $117.9m 0.36% Reduced -824.7k -824,677
34 HRT FINANCIAL LP 0.68% of their portfolio NEW YORK, NY 1,441,3801.4m $113.4m $113.4m 0.68% Added +812.5k +812,522
35 SIH Partners, LLLP 7.57% of their portfolio Wilmington, DE 1,373,8051.4m $108.0m $108.0m 7.57% New
36 Nan Shan Life Insurance Co., Ltd. 2.43% of their portfolio Taipei City, F5 1,284,6521.3m $101.0m $101.0m 2.43% Unchanged
37 OSAIC HOLDINGS, INC. 0.22% of their portfolio SCOTTSDALE, AZ 1,238,4751.2m $97.4m $97.4m 0.22% Reduced -13.8k -13,766
38 iA Global Asset Management Inc. 1.56% of their portfolio QUEBEC, A8 1,130,0951.1m $88.9m $88.9m 1.56% Reduced -23.8k -23,806
39 NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio NEW YORK, NY 1,062,5911.1m $83.6m $83.6m 0.07% Added +147.0k +146,991
40 Cetera Investment Advisers 0.14% of their portfolio SCHAUMBURG, IL 878,342878.3k $69.1m $69.1m 0.14% Added +9.9k +9,880
41 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 877,666877.7k $69.0m $69.0m 0.03% First filing
42 US BANCORP \DE\ 0.09% of their portfolio MINNEAPOLIS, MN 865,908865.9k $68.1m $68.1m 0.09% Added +80.8k +80,831
43 Thrivent Financial for Lutherans 0.13% of their portfolio Minneapolis, MN 851,083851.1k $67.0m $67.0m 0.13% Added +1.1k +1,132
44 Aristotle Pacific Capital, LLC 20.89% of their portfolio NEWPORT BEACH, CA 847,881847.9k $66.7m $66.7m 20.89% Reduced -301.7k -301,656
45 1832 Asset Management L.P. 0.12% of their portfolio TORONTO, A6 834,372834.4k $65.6m $65.6m 0.12% Added +60.7k +60,700
46 Schonfeld Strategic Advisors LLC 0.41% of their portfolio NEW YORK, NY 818,657818.7k $64.4m $64.4m 0.41% New
47 CI INVESTMENTS INC. 0.20% of their portfolio TORONTO, Z4 685,575685.6k $53.9m $53.9m 0.20% Added +127.2k +127,217
48 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 670,644670.6k $52.7m $52.7m 0.00% Reduced -3.0m -3,014,328
49 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 624,200624.2k $49.1m $49.1m 0.01% Added +616.7k +616,700
50 National Philanthropic Trust 0.71% of their portfolio Jenkintown, PA 623,540623.5k $49.0m $49.0m 0.71% Added +104.5k +104,486
51 PRUDENTIAL FINANCIAL INC 0.07% of their portfolio NEWARK, NJ 621,835621.8k $48.9m $48.9m 0.07% Reduced -231.3k -231,349
52 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.65% of their portfolio TOKYO, M0 618,356618.4k $48.6m $48.6m 0.65% Added +4.4k +4,380
53 Pictet Asset Management Holding SA 0.05% of their portfolio CAROUGE, V8 591,400591.4k $46.5m $46.5m 0.05% Added +397.3k +397,300
54 MML INVESTORS SERVICES, LLC 0.16% of their portfolio SPRINGFIELD, MA 581,424581.4k $45.7m $45.7m 0.16% Added +46.0k +45,964
55 ALLSTATE CORP 1.31% of their portfolio NORTHBROOK, IL 564,114564.1k $44.4m $44.4m 1.31% Added +215.2k +215,168
56 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 513,329513.3k $40.4m $40.4m 0.05% New
57 Bank Julius Baer & Co. Ltd, Zurich 0.14% of their portfolio ZURICH, V8 509,942509.9k $44.3m $44.3m 0.14% Added +28.1k +28,131
58 Allianz Asset Management GmbH 0.06% of their portfolio MUNICH, 2M 492,400492.4k $38.7m $38.7m 0.06% Reduced -832.9k -832,854
59 Verition Fund Management LLC 0.19% of their portfolio GREENWICH, CT 479,370479.4k $37.7m $37.7m 0.19% Added +368.2k +368,170
60 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 446,906446.9k $35.1m $35.1m 0.03% Added +348.3k +348,310
61 Parallax Volatility Advisers, L.P. 0.75% of their portfolio San Francisco, CA 430,762430.8k $33.9m $33.9m 0.75% New
62 Focus Partners Wealth 0.04% of their portfolio ST LOUIS, MO 422,230422.2k $33.3m $33.3m 0.04% Added +415.6k +415,595
63 Weiss Asset Management LP 0.75% of their portfolio BOSTON, MA 419,510419.5k $33.0m $33.0m 0.75% Not comparable
64 Pure Financial Advisors, LLC 0.73% of their portfolio SAN DIEGO, CA 406,798406.8k $32.0m $32.0m 0.73% Added +18.4k +18,446
65 MACQUARIE GROUP LTD 0.04% of their portfolio Sydney, NSW 2000, C3 397,571397.6k $31.3m $31.3m 0.04% Added +107.6k +107,571
66 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 394,791394.8k $31.1m $31.1m 0.00% Reduced -95.3k -95,331
67 Towercrest Capital Management 4.83% of their portfolio NEWTOWN, PA 379,791379.8k $29.9m $29.9m 4.83% Added +13.5k +13,479
68 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 376,247376.2k $29.6m $29.6m 0.01% Added +20.9k +20,946
69 Marex Group Ltd 0.49% of their portfolio London, X0 366,318366.3k $28.8m $28.8m 0.49% New
70 HUNTINGTON NATIONAL BANK 0.20% of their portfolio COLUMBUS, OH 363,162363.2k $28.6m $28.6m 0.20% Added +23.7k +23,739
71 COMERICA BANK 0.11% of their portfolio DALLAS, TX 359,670359.7k $28.3m $28.3m 0.11% Added +14.1k +14,064
72 Howard Capital Management, LLC 0.42% of their portfolio Alpharetta, GA 346,740346.7k $27.3m $27.3m 0.42% Reduced -20 -20
73 Walleye Capital LLC 0.26% of their portfolio NEW YORK, NY 345,000345.0k $27.1m $27.1m 0.26% Reduced -20.0k -20,038
74 Hikari Tsushin, Inc. 1.96% of their portfolio TOKYO, M0 343,165343.2k $27.0m $27.0m 1.96% Unchanged
75 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 336,890336.9k $26.5m $26.5m 0.03% Reduced -2.7m -2,720,997
76 Graham Capital Management, L.P. 0.78% of their portfolio ROWAYTON, CT 321,633321.6k $25.3m $25.3m 0.78% Added +146.9k +146,933
77 PRUDENTIAL PLC 0.13% of their portfolio LONDON, X0 315,295315.3k $24.8m $24.8m 0.13% Reduced -220 -220
78 CBIZ Investment Advisory Services, LLC 1.22% of their portfolio INDEPENDENCE, OH 310,461310.5k $24.4m $24.4m 1.22% Added +24.9k +24,890
79 Atria Wealth Solutions, Inc. 0.27% of their portfolio NEW YORK, NY 309,832309.8k $24.4m $24.4m 0.27% Added +81.1k +81,099
80 Stairway Partners, LLC 1.53% of their portfolio MINNEAPOLIS, MN 307,948307.9k $24.2m $24.2m 1.53% Added +10.5k +10,464
81 SIMPLEX TRADING, LLC 0.68% of their portfolio CHICAGO, IL 306,276306.3k $24.1m $24.1m 0.68% New
82 Allianz Investment Management U.S. LLC 1.66% of their portfolio Minneapolis, MN 300,000300.0k $23.6m $23.6m 1.66% Unchanged
83 Counterpoint Mutual Funds LLC 2.92% of their portfolio San Diego, CA 297,013297.0k $23.4m $23.4m 2.92% Reduced -18.6k -18,605
84 Williams Jones Wealth Management, LLC. 0.27% of their portfolio NEW YORK, NY 280,400280.4k $22.1m $22.1m 0.27% Added +35.1k +35,125
85 FIFTH THIRD BANCORP 0.07% of their portfolio CINCINNATI, OH 260,043260.0k $20.5m $20.5m 0.07% Reduced -10.3k -10,339
86 BlueCrest Capital Management Ltd 1.15% of their portfolio ST HELIER, Y9 258,772258.8k $20.4m $20.4m 1.15% Added +193.0k +192,971
87 KWMG, LLC 2.09% of their portfolio OVERLAND PARK, KS 258,541258.5k $20.3m $20.3m 2.09% Added +2.4k +2,412
88 Kestra Advisory Services, LLC 0.11% of their portfolio AUSTIN, TX 250,128250.1k $19.7m $19.7m 0.11% Added +7.3k +7,305
89 Trust Co 2.23% of their portfolio MANHATTAN, KS 247,888247.9k $19.5m $19.5m 2.23% Added +3.1k +3,126
90 Prudent Man Advisors, LLC 7.07% of their portfolio NAPERVILLE, IL 247,468247.5k $19.5m $19.5m 7.07% Reduced -32.5k -32,507
91 Summit Global Investments 1.21% of their portfolio BOUNTIFUL, UT 245,883245.9k $19.3m $19.3m 1.21% Added +15.0k +14,982
92 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 245,879245.9k $19.3m $19.3m 0.03% Reduced -146.5k -146,498
93 Twele Capital Management, Inc. 4.08% of their portfolio MINNETONKA, MN 244,950244.9k $19.3m $19.3m 4.08% Added +1.4k +1,415
94 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.20% of their portfolio Madrid, U3 240,996241.0k $19.2m $19.2m 0.20% Reduced -52.8k -52,811
95 Rafferty Asset Management, LLC 0.07% of their portfolio New York, NY 233,571233.6k $18.4m $18.4m 0.07% Reduced -17.8k -17,790
96 IMC-Chicago, LLC 0.49% of their portfolio CHICAGO, IL 229,538229.5k $18.1m $18.1m 0.49% Added +200.4k +200,358
97 Deseret Mutual Benefit Administrators 8.77% of their portfolio SALT LAKE CITY, UT 226,574226.6k $17.8m $17.8m 8.77% New
98 Invst, LLC 2.16% of their portfolio INDIANAPOLIS, IN 225,652225.7k $17.7m $17.7m 2.16% Added +218.3k +218,265
99 VIEWPOINT INVESTMENT PARTNERS CORP 21.81% of their portfolio CALGARY, A0 212,700212.7k $16.7m $16.7m 21.81% Reduced -28.9k -28,900
100 Occidental Asset Management, LLC 2.58% of their portfolio Burlingame, CA 209,874209.9k $16.5m $16.5m 2.58% Added +9.5k +9,487