Vault-13

ISHARES TR HYG

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

935 institutional holders -53 vs Q4 2024
247,044,625247.0m shares reported held*
$19.5bnreported value*
64 new 362 added 337 reduced 103 sold out net bought ≈ $1.5bn (+19.3m 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 ($19.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $79.04. Options: 32 managers hold calls ($8.4bn notional), 107 hold puts ($38.6bn).

Trends to Q1 2025

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: 988Q1 25: 935935Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022788
Q4 2022899
Q1 2023843
Q2 2023867
Q3 2023858
Q4 2023933
Q1 2024914
Q2 2024901
Q3 2024900
Q4 2024988
Q1 2025935

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q2 23: 395 bought or addedQ2 23: 405 cut or sold outQ3 23: 352 bought or addedQ3 23: 430 cut or sold outQ3 23Q4 23: 430 bought or addedQ4 23: 412 cut or sold outQ1 24: 418 bought or addedQ1 24: 433 cut or sold outQ1 24Q2 24: 411 bought or addedQ2 24: 428 cut or sold outQ3 24: 424 bought or addedQ3 24: 402 cut or sold outQ3 24Q4 24: 456 bought or addedQ4 24: 380 cut or sold outQ1 25: 426 bought or addedQ1 25: 440 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023395405
Q3 2023352430
Q4 2023430412
Q1 2024418433
Q2 2024411428
Q3 2024424402
Q4 2024456380
Q1 2025426440

Calls vs puts

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

CallsPuts
$0$10bn$20bn$30bn$40bnQ2 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 3.07Q1 25 calls: $8.4bnQ1 25 puts: $38.6bnQ1 25P/C 4.60
Numbers
QuarterCallsPutsP/C
Q2 2024$8.2bn$20.2bn2.47
Q3 2024$7.8bn$25.2bn3.21
Q4 2024$7.4bn$22.7bn3.07
Q1 2025$8.4bn$38.6bn4.60

Biggest buyers

MORGAN STANLEY Added +10,824,185+10.8m
BANK OF AMERICA CORP /DE/ Added +4,546,361+4.5m
CITIGROUP INC Added +3,737,456+3.7m
WELLS FARGO & COMPANY/MN Added +2,507,129+2.5m
JANE STREET GROUP, LLC Added +2,224,728+2.2m
HSBC HOLDINGS PLC Added +2,218,873+2.2m
JPMORGAN CHASE & CO Added +2,206,165+2.2m
Clark Capital Management Group, Inc. Added +1,521,034+1.5m
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Added +1,507,000+1.5m
III Capital Management New +1,330,000+1.3m

Biggest sellers

MACKENZIE FINANCIAL CORP Reduced -3,607,058-3.6m
ALLIANCEBERNSTEIN L.P. Sold out -2,000,000-2.0m
Jefferies Financial Group Inc. Reduced -1,991,970-2.0m
SIH Partners, LLLP Sold out -1,373,805-1.4m
HRT FINANCIAL LP Reduced -1,232,203-1.2m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -1,226,994-1.2m
TD Asset Management Inc Reduced -1,122,384-1.1m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -832,831-832.8k
Schonfeld Strategic Advisors LLC Sold out -818,657-818.7k
OSAIC HOLDINGS, INC. Reduced -771,456-771.5k

Biggest calls

GOLDMAN SACHS GROUP INC Reduced $1.2bn15.4m shares
JANE STREET GROUP, LLC Added $1.2bn14.8m shares
BANK OF AMERICA CORP /DE/ Reduced $1.1bn14.1m shares
CITADEL ADVISORS LLC Added $776.9m9.8m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $764.3m9.7m shares
MILLENNIUM MANAGEMENT LLC Added $512.0m6.5m shares
BNP PARIBAS FINANCIAL MARKETS First filing $418.1m53.0k shares
Walleye Capital LLC Added $345.3m4.4m shares
BARCLAYS PLC Added $297.8m3.8m shares
NOMURA HOLDINGS INC Added $256.4m3.2m shares

Biggest puts

GOLDMAN SACHS GROUP INC Added $4.5bn57.0m shares
UBS Group AG Added $3.1bn39.9m shares
CITADEL ADVISORS LLC Added $2.8bn35.3m shares
CITIGROUP INC Added $2.7bn34.7m shares
JANE STREET GROUP, LLC Added $2.7bn33.9m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.2bn28.2m shares
BANK OF AMERICA CORP /DE/ Reduced $2.2bn28.1m shares
BARCLAYS PLC Reduced $1.9bn23.6m shares
MILLENNIUM MANAGEMENT LLC Added $1.2bn14.9m shares
WELLS FARGO & COMPANY/MN Added $1.2bn14.9m 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Clark Capital Management Group, Inc. 13.68% of their portfolio PHILADELPHIA, PA 24,194,40824.2m $1.9bn $1.9bn 13.68% Added +1.5m +1,521,034
2 MORGAN STANLEY 0.12% of their portfolio NEW YORK, NY 21,778,04421.8m $1.7bn $1.7bn 0.12% Added +10.8m +10,824,185
3 BlackRock, Inc. 0.03% of their portfolio New York, NY 20,848,56320.8m $1.6bn $1.6bn 0.03% Reduced -183.1k -183,097
4 BANK OF AMERICA CORP /DE/ 0.08% of their portfolio CHARLOTTE, NC 11,869,47511.9m $936.4m $936.4m 0.08% Added +4.5m +4,546,361
5 GOLDMAN SACHS GROUP INC 0.18% of their portfolio NEW YORK, NY 11,863,25311.9m $935.9m $935.9m 0.18% Added +1.3m +1,290,716
6 Japan Science & Technology Agency 12.61% of their portfolio TOKYO, M0 10,390,62610.4m $819.7m $819.7m 12.61% Unchanged
7 ASSETMARK, INC 1.59% of their portfolio CONCORD, CA 7,341,2707.3m $579.2m $579.2m 1.59% Added +41.6k +41,597
8 WELLS FARGO & COMPANY/MN 0.14% of their portfolio SAN FRANCISCO, CA 7,113,5217.1m $561.2m $561.2m 0.14% Added +2.5m +2,507,129
9 JANE STREET GROUP, LLC 0.91% of their portfolio NEW YORK, NY 6,414,2096.4m $506.0m $506.0m 0.91% Added +2.2m +2,224,728
10 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 3.10% of their portfolio VICTORIA, A1 6,377,1186.4m $503.1m $503.1m 3.10% Added +1.5m +1,507,000
11 ENVESTNET ASSET MANAGEMENT INC 0.14% of their portfolio Berwyn, PA 5,377,5765.4m $424.2m $424.2m 0.14% Reduced -168.4k -168,362
12 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 4,779,8844.8m $377.1m $377.1m 0.08% Reduced -666.0k -665,970
13 BNP PARIBAS FINANCIAL MARKETS 0.29% of their portfolio PARIS, I0 4,746,5144.7m $374.5m $374.5m 0.29% First filing
14 APG Asset Management US Inc. 2.82% of their portfolio New York, NY 4,685,5004.7m $368.7m $368.7m 2.82% Added +585.0k +585,000
15 UBS Group AG 0.08% of their portfolio ZURICH, V8 4,539,8504.5m $358.1m $358.1m 0.08% Reduced -433.2k -433,163
16 Nuveen, LLC 0.11% of their portfolio CHARLOTTE, NC 4,498,6054.5m $354.9m $354.9m 0.11% First filing
17 CITIGROUP INC 0.24% of their portfolio NEW YORK, NY 4,074,3464.1m $321.4m $321.4m 0.24% Added +3.7m +3,737,456
18 HSBC HOLDINGS PLC 0.20% of their portfolio LONDON, X0 3,867,8653.9m $304.7m $304.7m 0.20% Added +2.2m +2,218,873
19 BARCLAYS PLC 0.11% of their portfolio LONDON, X0 3,060,7203.1m $241.5m $241.5m 0.11% Added +34.1k +34,137
20 State of Tennessee, Department of Treasury 0.91% of their portfolio NASHVILLE, TN 3,014,8683.0m $237.8m $237.8m 0.91% Added +684.0k +683,960
21 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 2,876,8092.9m $227.0m $227.0m 0.02% Added +2.2m +2,206,165
22 NYL Investors LLC 12.67% of their portfolio NEW YORK, NY 2,502,9882.5m $197.5m $197.5m 12.67% Unchanged
23 Ocean Park Asset Management, LLC 6.56% of their portfolio SANTA MONICA, CA 2,344,5892.3m $185.0m $185.0m 6.56% Reduced -88.3k -88,300
24 STIFEL FINANCIAL CORP 0.18% of their portfolio ST. LOUIS, MO 2,146,9462.1m $169.4m $169.4m 0.18% Added +42.3k +42,278
25 MACKENZIE FINANCIAL CORP 0.22% of their portfolio TORONTO ONTARIO, A6 1,989,0642.0m $156.9m $156.9m 0.22% Reduced -3.6m -3,607,058
26 Endurance Services Ltd 28.93% of their portfolio PURCHASE, NY 1,979,0002.0m $156.1m $156.1m 28.93% Added +6.3k +6,281
27 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 1,943,1831.9m $153.3m $153.3m 0.06% Added +185.8k +185,772
28 D. E. Shaw & Co., Inc. 0.18% of their portfolio New York, NY 1,920,0001.9m $151.5m $151.5m 0.18% Added +53.0k +53,000
29 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,831,8341.8m $142.4m $142.4m 0.04% Added +174.6k +174,611
30 Man Group plc 0.40% of their portfolio LONDON, X0 1,677,1841.7m $132.3m $132.3m 0.40% Added +178.3k +178,326
31 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.25% of their portfolio TORONTO, A6 1,425,0181.4m $112.4m $112.4m 0.25% Reduced -1.2m -1,226,994
32 III Capital Management 24.77% of their portfolio BOCA RATON, FL 1,330,0001.3m $104.9m $104.9m 24.77% New
33 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.17% of their portfolio BALA CYNWYD, PA 1,315,8771.3m $103.8m $103.8m 0.17% Reduced -832.8k -832,831
34 Nan Shan Life Insurance Co., Ltd. 2.39% of their portfolio Taipei City, F5 1,284,6521.3m $101.3m $101.3m 2.39% Unchanged
35 Centiva Capital, LP 5.22% of their portfolio New York, NY 1,150,4001.2m $90.8m $90.8m 5.22% New
36 BNP PARIBAS 3.74% of their portfolio NEW YORK, NY 1,144,9641.1m $90.3m $90.3m 3.74% Added +1.1m +1,144,963
37 iA Global Asset Management Inc. 1.50% of their portfolio QUEBEC, A8 1,104,6181.1m $87.1m $87.1m 1.50% Reduced -25.5k -25,477
38 READYSTATE ASSET MANAGEMENT LP 3.90% of their portfolio CHICAGO, IL 985,104985.1k $77.7m $77.7m 3.90% New
39 PRUDENTIAL FINANCIAL INC 0.11% of their portfolio NEWARK, NJ 957,461957.5k $75.5m $75.5m 0.11% Added +335.6k +335,626
40 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 910,345910.3k $71.8m $71.8m 0.03% Added +32.7k +32,679
41 Cetera Investment Advisers 0.14% of their portfolio SCHAUMBURG, IL 903,766903.8k $71.3m $71.3m 0.14% Added +25.4k +25,424
42 US BANCORP \DE\ 0.09% of their portfolio MINNEAPOLIS, MN 899,670899.7k $71.0m $71.0m 0.09% Added +33.8k +33,762
43 Thrivent Financial for Lutherans 0.15% of their portfolio Minneapolis, MN 848,326848.3k $66.7m $66.7m 0.15% Reduced -2.8k -2,757
44 MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 835,219835.2k $65.9m $65.9m 0.06% Added +388.3k +388,313
45 CI INVESTMENTS INC. 0.25% of their portfolio TORONTO, Z4 738,989739.0k $58.3m $58.3m 0.25% Added +53.4k +53,414
46 1832 Asset Management L.P. 0.11% of their portfolio TORONTO, A6 698,272698.3k $55.1m $55.1m 0.11% Reduced -136.1k -136,100
47 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 691,450691.5k $54.5m $54.5m 0.01% Added +67.2k +67,250
48 National Philanthropic Trust 0.84% of their portfolio Jenkintown, PA 656,173656.2k $51.8m $51.8m 0.84% Added +32.6k +32,633
49 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.94% of their portfolio TOKYO, M0 652,074652.1k $51.4m $51.4m 0.94% Added +33.7k +33,718
50 VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio San Antonio, TX 640,793640.8k $50.6m $50.6m 0.05% New
51 Aristotle Pacific Capital, LLC 14.99% of their portfolio NEWPORT BEACH, CA 577,138577.1k $45.5m $45.5m 14.99% Reduced -270.7k -270,743
52 Bank Julius Baer & Co. Ltd, Zurich 0.14% of their portfolio ZURICH, V8 559,827559.8k $44.2m $44.2m 0.14% Added +49.9k +49,885
53 MML INVESTORS SERVICES, LLC 0.15% of their portfolio SPRINGFIELD, MA 556,061556.1k $43.9m $43.9m 0.15% Reduced -25.4k -25,363
54 ALLSTATE CORP 1.22% of their portfolio NORTHBROOK, IL 527,529527.5k $41.6m $41.6m 1.22% Reduced -36.6k -36,585
55 Allianz Asset Management GmbH 0.06% of their portfolio MUNICH, 2M 492,400492.4k $38.8m $38.8m 0.06% Unchanged
56 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 476,255476.3k $37.6m $37.6m 0.02% Added +100.0k +100,008
57 TD Asset Management Inc 0.03% of their portfolio Toronto, A6 467,633467.6k $36.9m $36.9m 0.03% Reduced -1.1m -1,122,384
58 OSAIC HOLDINGS, INC. 0.08% of their portfolio SCOTTSDALE, AZ 467,019467.0k $36.9m $36.9m 0.08% Reduced -771.5k -771,456
59 Counterpoint Mutual Funds LLC 5.08% of their portfolio San Diego, CA 449,563449.6k $35.5m $35.5m 5.08% Added +152.6k +152,550
60 Pure Financial Advisors, LLC 0.71% of their portfolio SAN DIEGO, CA 431,610431.6k $34.0m $34.0m 0.71% Added +24.8k +24,812
61 VIEWPOINT INVESTMENT PARTNERS CORP 18.12% of their portfolio CALGARY, A0 425,400425.4k $33.6m $33.6m 18.12% Added +212.7k +212,700
62 NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio NEW YORK, NY 398,539398.5k $31.4m $31.4m 0.03% Reduced -664.1k -664,052
63 MACQUARIE GROUP LTD 0.04% of their portfolio Sydney, NSW 2000, C3 394,216394.2k $31.1m $31.1m 0.04% Reduced -3.4k -3,355
64 HUNTINGTON NATIONAL BANK 0.22% of their portfolio COLUMBUS, OH 387,173387.2k $30.5m $30.5m 0.22% Added +24.0k +24,011
65 Howard Capital Management, LLC 0.69% of their portfolio Alpharetta, GA 347,742347.7k $27.4m $27.4m 0.69% Added +1.0k +1,002
66 CBIZ Investment Advisory Services, LLC 1.33% of their portfolio INDEPENDENCE, OH 343,853343.9k $27.1m $27.1m 1.33% Added +33.4k +33,392
67 Hikari Tsushin, Inc. 1.81% of their portfolio TOKYO, M0 343,165343.2k $27.1m $27.1m 1.81% Unchanged
68 Towercrest Capital Management 5.06% of their portfolio NEWTOWN, PA 337,529337.5k $26.6m $26.6m 5.06% Reduced -42.3k -42,262
69 Stairway Partners, LLC 1.52% of their portfolio MINNEAPOLIS, MN 311,614311.6k $24.6m $24.6m 1.52% Added +3.7k +3,666
70 PRUDENTIAL PLC 0.12% of their portfolio LONDON, X0 308,220308.2k $24.3m $24.3m 0.12% Reduced -7.1k -7,075
71 Allianz Investment Management U.S. LLC 1.29% of their portfolio Minneapolis, MN 300,000300.0k $23.4m $23.4m 1.29% Unchanged
72 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.23% of their portfolio Madrid, U3 285,968286.0k $22.6m $22.6m 0.23% Added +45.0k +44,972
73 Strong Tower Advisory Services 5.33% of their portfolio MINNEAPOLIS, MN 284,833284.8k $21.7m $21.7m 5.33% Added +161.4k +161,355
74 Williams Jones Wealth Management, LLC. 0.28% of their portfolio NEW YORK, NY 280,400280.4k $22.1m $22.1m 0.28% Unchanged
75 Focus Partners Wealth 0.06% of their portfolio ST LOUIS, MO 280,356280.4k $22.1m $22.1m 0.06% Reduced -141.9k -141,874
76 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 272,518272.5k $21.5m $21.5m 0.03% Added +26.6k +26,639
77 Prime Capital Investment Advisors, LLC 0.25% of their portfolio OVERLAND PARK, KS 266,577266.6k $21.0m $21.0m 0.25% Added +64.5k +64,534
78 KWMG, LLC 2.13% of their portfolio OVERLAND PARK, KS 264,709264.7k $20.9m $20.9m 2.13% Added +6.2k +6,168
79 Kestra Advisory Services, LLC 0.10% of their portfolio AUSTIN, TX 256,291256.3k $20.2m $20.2m 0.10% Added +6.2k +6,163
80 Trust Co 2.40% of their portfolio MANHATTAN, KS 256,170256.2k $20.2m $20.2m 2.40% Added +8.3k +8,282
81 Twele Capital Management, Inc. 4.10% of their portfolio MINNETONKA, MN 245,000245.0k $19.3m $19.3m 4.10% Added +50 +50
82 FIFTH THIRD BANCORP 0.07% of their portfolio CINCINNATI, OH 243,992244.0k $19.2m $19.2m 0.07% Reduced -16.1k -16,051
83 Invst, LLC 2.60% of their portfolio INDIANAPOLIS, IN 241,825241.8k $19.1m $19.1m 2.60% Added +16.2k +16,173
84 LOOMIS SAYLES & CO L P 0.03% of their portfolio BOSTON, MA 230,452230.5k $18.2m $18.2m 0.03% Added +24.6k +24,589
85 Summit Financial Consulting LLC 16.85% of their portfolio STERLING HEIGHTS, MI 230,171230.2k $18.2m $18.2m 16.85% First filing
86 Deseret Mutual Benefit Administrators 8.95% of their portfolio SALT LAKE CITY, UT 228,669228.7k $18.0m $18.0m 8.95% Added +2.1k +2,095
87 Rafferty Asset Management, LLC 0.07% of their portfolio New York, NY 222,291222.3k $17.5m $17.5m 0.07% Reduced -11.3k -11,280
88 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 219,256219.3k $17.3m $17.3m 0.06% Added +68.4k +68,435
89 Occidental Asset Management, LLC 2.52% of their portfolio Burlingame, CA 211,669211.7k $16.7m $16.7m 2.52% Added +1.8k +1,795
90 HRT FINANCIAL LP 0.12% of their portfolio NEW YORK, NY 209,177209.2k $16.5m $16.5m 0.12% Reduced -1.2m -1,232,203
91 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 207,500207.5k $16.4m $16.4m 0.02% New
92 Alliance Wealth Management Group 4.34% of their portfolio FLEMINGTON, NJ 204,455204.5k $16.1m $16.1m 4.34% Added +2.7k +2,713
93 Private Advisor Group, LLC 0.10% of their portfolio MORRISTOWN, NJ 203,007203.0k $16.0m $16.0m 0.10% Added +34.2k +34,232
94 Prudent Man Advisors, LLC 5.80% of their portfolio NAPERVILLE, IL 202,633202.6k $16.0m $16.0m 5.80% Reduced -44.8k -44,835
95 Voya Financial Advisors, Inc. 1.75% of their portfolio WINDSOR, CT 201,419201.4k $15.9m $15.9m 1.75% Added +9.2k +9,219
96 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 201,415201.4k $15.9m $15.9m 0.01% Reduced -7.6k -7,619
97 BlueSky Wealth Advisors, LLC 2.46% of their portfolio New Bern, NC 201,010201.0k $15.9m $15.9m 2.46% Added +4.7k +4,743
98 PRINCIPAL SECURITIES, INC. 0.34% of their portfolio DES MOINES, IA 195,586195.6k $15.4m $15.4m 0.34% Added +57 +57
99 Checchi Capital Advisers, LLC 1.09% of their portfolio BEVERLY HILLS, CA 195,346195.3k $15.4m $15.4m 1.09% Added +40.7k +40,733
100 Orion Portfolio Solutions, LLC 0.07% of their portfolio Omaha, NE 192,089192.1k $15.1m $15.1m 0.07% Added +90.2k +90,250