Vault-13

ISHARES TR HYG

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

990 institutional holders +0 vs Q1 2026
272,350,553272.4m shares reported held*
$21.8bnreported value*
88 new 422 added 307 reduced 81 sold out net sold ≈ $726.9m (-9.1m 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 ($28.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $80.11. Options: 28 managers hold calls ($13.6bn notional), 70 hold puts ($38.1bn).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 788Q4 22: 899Q1 23: 843Q2 23: 867Q3 23: 858Q4 23: 933Q1 24: 914Q2 24: 901Q3 24: 900Q4 24: 988Q1 25: 935Q2 25: 931Q3 25: 920Q4 25: 1,009Q1 26: 990Q2 26: 990990Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022788
Q4 2022899
Q1 2023843
Q2 2023867
Q3 2023858
Q4 2023933
Q1 2024914
Q2 2024901
Q3 2024900
Q4 2024988
Q1 2025935
Q2 2025931
Q3 2025920
Q4 20251,009
Q1 2026990
Q2 2026990

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 24: 424 bought or addedQ3 24: 402 cut or sold outQ4 24: 456 bought or addedQ4 24: 380 cut or sold outQ4 24Q1 25: 426 bought or addedQ1 25: 440 cut or sold outQ2 25: 410 bought or addedQ2 25: 462 cut or sold outQ2 25Q3 25: 449 bought or addedQ3 25: 389 cut or sold outQ4 25: 470 bought or addedQ4 25: 390 cut or sold outQ4 25Q1 26: 469 bought or addedQ1 26: 464 cut or sold outQ2 26: 510 bought or addedQ2 26: 388 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024424402
Q4 2024456380
Q1 2025426440
Q2 2025410462
Q3 2025449389
Q4 2025470390
Q1 2026469464
Q2 2026510388

Calls vs puts

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

CallsPuts
$0$20bn$40bn$60bnQ3 25 calls: $14.5bnQ3 25 puts: $54.3bnQ3 25P/C 3.75Q4 25 calls: $12.7bnQ4 25 puts: $43.3bnQ4 25P/C 3.40Q1 26 calls: $16.0bnQ1 26 puts: $49.3bnQ1 26P/C 3.09Q2 26 calls: $13.6bnQ2 26 puts: $38.1bnQ2 26P/C 2.81
Numbers
QuarterCallsPutsP/C
Q3 2025$14.5bn$54.3bn3.75
Q4 2025$12.7bn$43.3bn3.40
Q1 2026$16.0bn$49.3bn3.09
Q2 2026$13.6bn$38.1bn2.81

Biggest buyers

GOLDMAN SACHS GROUP INC Added +12,329,910+12.3m
CITIGROUP INC Added +3,151,448+3.2m
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC Added +3,135,000+3.1m
ONTARIO TEACHERS PENSION PLAN BOARD Added +2,380,000+2.4m
GRIMES & Co WEALTH MANAGEMENT, LLC Added +2,087,524+2.1m
Man Group plc Added +1,828,306+1.8m
Capula Management Ltd Added +1,823,884+1.8m
Howard Capital Management, LLC Added +1,813,665+1.8m
Japan Science & Technology Agency Added +1,250,000+1.2m
MILLENNIUM MANAGEMENT LLC Added +1,031,247+1.0m

Biggest sellers

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Reduced -14,605,618-14.6m
MORGAN STANLEY Reduced -6,806,981-6.8m
Brevan Howard Capital Management LP Reduced -6,170,000-6.2m
Nuveen, LLC Sold out -4,942,508-4.9m
WELLS FARGO & COMPANY/MN Reduced -4,720,321-4.7m
BARCLAYS PLC Reduced -3,784,293-3.8m
SBI Okasan Asset Management Co.Ltd. Reduced -3,628,120-3.6m
UBS Group AG Reduced -2,462,990-2.5m
TD Asset Management Inc Reduced -1,758,777-1.8m
Elo Mutual Pension Insurance Co Sold out -1,400,000-1.4m

Biggest calls

CTC LLC Reduced $5.7bn211.1k shares
CITADEL ADVISORS LLC Added $1.8bn22.7m shares
GOLDMAN SACHS GROUP INC Reduced $1.2bn14.7m shares
JANE STREET GROUP, LLC Added $1.2bn14.6m shares
BARCLAYS PLC Reduced $560.3m7.0m shares
PICTON MAHONEY ASSET MANAGEMENT Unchanged $399.9m5.0m shares
CITIGROUP INC Added $391.1m4.9m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $363.3m4.5m shares
WELLS FARGO & COMPANY/MN Reduced $352.5m4.4m shares
Leonteq Securities AG Added $303.9m3.8m shares

Biggest puts

CTC LLC Reduced $10.0bn406.7k shares
BARCLAYS PLC Added $5.0bn63.0m shares
CITADEL ADVISORS LLC Reduced $3.3bn41.7m shares
GOLDMAN SACHS GROUP INC Reduced $2.8bn34.9m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.1bn26.7m shares
JANE STREET GROUP, LLC Reduced $2.1bn26.6m shares
CITIGROUP INC Reduced $2.0bn24.7m shares
MILLENNIUM MANAGEMENT LLC Reduced $1.0bn13.0m shares
UBS Group AG Reduced $1.0bn12.6m shares
TUDOR INVESTMENT CORP ET AL Added $799.7m10.0m 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.08% of their portfolio NEW YORK, NY 19,441,06719.4m $1.6bn $1.6bn 0.08% Reduced -6.8m -6,806,981
2 Clark Capital Management Group, Inc. 8.23% of their portfolio PHILADELPHIA, PA 18,889,62918.9m $1.5bn $1.5bn 8.23% Reduced -78.5k -78,455
3 BlackRock, Inc. 0.02% of their portfolio New York, NY 17,869,12317.9m $1.4bn $1.4bn 0.02% Added +871.6k +871,578
4 BANK OF AMERICA CORP /DE/ 0.09% of their portfolio CHARLOTTE, NC 17,696,88317.7m $1.4bn $1.4bn 0.09% Reduced -1.2m -1,214,969
5 GOLDMAN SACHS GROUP INC 0.12% of their portfolio NEW YORK, NY 14,440,80114.4m $1.2bn $1.2bn 0.12% Added +12.3m +12,329,910
6 Japan Science & Technology Agency 17.61% of their portfolio TOKYO, M0 11,640,62611.6m $930.9m $930.9m 17.61% Added +1.2m +1,250,000
7 ONTARIO TEACHERS PENSION PLAN BOARD 4.55% of their portfolio Toronto, A6 8,950,0008.9m $715.7m $715.7m 4.55% Added +2.4m +2,380,000
8 CITIGROUP INC 0.31% of their portfolio NEW YORK, NY 8,217,0758.2m $657.1m $657.1m 0.31% Added +3.2m +3,151,448
9 APG Asset Management US Inc. 4.00% of their portfolio New York, NY 7,166,0247.2m $570.3m $570.3m 4.00% Added +968.8k +968,750
10 BNP PARIBAS FINANCIAL MARKETS 0.30% of their portfolio PARIS, I0 7,082,6017.1m $566.4m $566.4m 0.30% Added +583.3k +583,329
11 ASSETMARK, INC 0.95% of their portfolio CONCORD, CA 6,908,8436.9m $552.5m $552.5m 0.95% Reduced -32.8k -32,823
12 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 6,350,2166.4m $508.1m $508.1m 0.03% Added +311.5k +311,522
13 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 6,235,8406.2m $498.7m $498.7m 0.08% Added +1.0m +1,016,362
14 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 5,230,1815.2m $418.3m $418.3m 0.10% Added +272.8k +272,826
15 Caisse de depot et placement du Quebec 0.45% of their portfolio Montreal, A8 3,927,1623.9m $314.1m $314.1m 0.45% Added +725.0k +725,000
16 NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 3.52% of their portfolio MILWAUKEE, WI 3,750,0003.8m $299.9m $299.9m 3.52% Added +3.1m +3,135,000
17 UBS Group AG 0.05% of their portfolio ZURICH, V8 3,612,9613.6m $288.9m $288.9m 0.05% Reduced -2.5m -2,462,990
18 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 3,282,8763.3m $262.5m $262.5m 0.06% Added +550.0k +550,026
19 MACKENZIE FINANCIAL CORP 0.25% of their portfolio TORONTO ONTARIO, A6 3,173,7173.2m $253.8m $253.8m 0.25% Added +924.7k +924,704
20 STIFEL FINANCIAL CORP 0.19% of their portfolio ST. LOUIS, MO 2,925,2172.9m $233.9m $233.9m 0.19% Added +198.2k +198,151
21 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 2,847,8562.8m $227.7m $227.7m 0.04% Reduced -4.7m -4,720,321
22 BNP PARIBAS 5.68% of their portfolio NEW YORK, NY 2,619,8372.6m $209.5m $209.5m 5.68% Added +258.0k +258,016
23 Endurance Services Ltd 29.47% of their portfolio PURCHASE, NY 2,406,1962.4m $192.4m $192.4m 29.47% Added +42.5k +42,500
24 GRIMES & Co WEALTH MANAGEMENT, LLC 3.79% of their portfolio WESTBOROUGH, MA 2,189,1272.2m $175.1m $175.1m 3.79% Added +2.1m +2,087,524
25 Howard Capital Management, LLC 2.06% of their portfolio Alpharetta, GA 2,161,8572.2m $172.9m $172.9m 2.06% Added +1.8m +1,813,665
26 Man Group plc 0.31% of their portfolio LONDON, X0 2,111,0302.1m $168.8m $168.8m 0.31% Added +1.8m +1,828,306
27 TD Asset Management Inc 0.14% of their portfolio Toronto, A6 2,002,7402.0m $160.2m $160.2m 0.14% Reduced -1.8m -1,758,777
28 Ocean Park Asset Management, LLC 7.66% of their portfolio SANTA MONICA, CA 1,988,6912.0m $159.0m $159.0m 7.66% Reduced -701.4k -701,400
29 CITADEL ADVISORS LLC 0.09% of their portfolio MIAMI, FL 1,986,8162.0m $158.9m $158.9m 0.09% Added +813.9k +813,930
30 Capula Management Ltd 0.67% of their portfolio Grand Cayman, E9 1,913,4391.9m $153.0m $153.0m 0.67% Added +1.8m +1,823,884
31 BARCLAYS PLC 0.04% of their portfolio LONDON, X0 1,753,6171.8m $140.2m $140.2m 0.04% Reduced -3.8m -3,784,293
32 MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 1,595,3841.6m $127.6m $127.6m 0.09% Added +1.0m +1,031,247
33 Cetera Investment Advisers 0.12% of their portfolio SCHAUMBURG, IL 1,593,6701.6m $127.4m $127.4m 0.12% Added +414.5k +414,457
34 State of Tennessee, Department of Treasury 0.38% of their portfolio NASHVILLE, TN 1,585,0121.6m $126.8m $126.8m 0.38% Added +691.0k +690,975
35 Bain Capital Credit, LP 34.32% of their portfolio Boston, MA 1,578,7131.6m $126.2m $126.2m 34.32% Added +689.6k +689,636
36 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,566,6981.6m $125.0m $125.0m 0.03% Added +13.0k +13,046
37 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.18% of their portfolio TORONTO, A6 1,535,1221.5m $122.8m $122.8m 0.18% Reduced -250.0k -250,000
38 HRT FINANCIAL LP 0.29% of their portfolio NEW YORK, NY 1,521,9051.5m $121.7m $121.7m 0.29% Reduced -185.3k -185,261
39 PartnerRe Asset Management CORP 78.99% of their portfolio STAMFORD, CT 1,397,7451.4m $111.8m $111.8m 78.99% Unchanged
40 HSBC HOLDINGS PLC 0.05% of their portfolio LONDON, X0 1,287,4111.3m $103.0m $103.0m 0.05% Added +992.1k +992,072
41 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 1,149,0361.1m $91.9m $91.9m 0.03% Added +754.5k +754,518
42 TORONTO DOMINION BANK 0.15% of their portfolio TORONTO, ONTARIO, A6 1,141,1081.1m $91.3m $91.3m 0.15% Added +657.8k +657,819
43 Symetra Investment Management Co 7.93% of their portfolio Farmington, CT 1,134,9371.1m $90.8m $90.8m 7.93% Reduced -217.9k -217,888
44 NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio NEW YORK, NY 1,115,1641.1m $89.2m $89.2m 0.06% Added +730.1k +730,134
45 Liberty Mutual Group Asset Management Inc. 7.48% of their portfolio Boston, MA 1,071,2331.1m $85.7m $85.7m 7.48% Unchanged
46 Counterpoint Mutual Funds LLC 8.33% of their portfolio San Diego, CA 1,053,3471.1m $84.2m $84.2m 8.33% Added +860.9k +860,896
47 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% of their portfolio BALA CYNWYD, PA 1,050,4171.1m $84.0m $84.0m 0.07% Reduced -536.0k -536,015
48 STATE OF MICHIGAN RETIREMENT SYSTEM 0.32% of their portfolio EAST LANSING, MI 900,000900.0k $72.0m $72.0m 0.32% New
49 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 879,944879.9k $70.4m $70.4m 0.02% Added +36.9k +36,899
50 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 800,212800.2k $64.0m $64.0m 0.07% Added +610.9k +610,901
51 FMR LLC 0.00% of their portfolio BOSTON, MA 792,376792.4k $63.4m $63.4m 0.00% Added +772.6k +772,565
52 US BANCORP \DE\ 0.07% of their portfolio MINNEAPOLIS, MN 787,171787.2k $63.0m $63.0m 0.07% Added +44.6k +44,582
53 SUMITOMO MITSUI FINANCIAL GROUP, INC. 1.19% of their portfolio TOKYO, M0 780,473780.5k $62.4m $62.4m 1.19% Added +3.6k +3,643
54 SBI Okasan Asset Management Co.Ltd. 2.04% of their portfolio TOKYO, M0 777,090777.1k $62.2m $62.2m 2.04% Reduced -3.6m -3,628,120
55 National Philanthropic Trust 0.89% of their portfolio Jenkintown, PA 769,151769.2k $61.5m $61.5m 0.89% Reduced -24.0k -23,975
56 Banco BTG Pactual S.A. 8.00% of their portfolio RIO DE JANEIRO, D5 751,373751.4k $60.1m $60.1m 8.00% Added +38.4k +38,398
57 Thrivent Financial for Lutherans 0.10% of their portfolio Minneapolis, MN 709,951710.0k $56.8m $56.8m 0.10% Reduced -118.3k -118,339
58 PRUDENTIAL FINANCIAL INC 0.06% of their portfolio NEWARK, NJ 677,262677.3k $54.2m $54.2m 0.06% Reduced -170.2k -170,207
59 MML INVESTORS SERVICES, LLC 0.11% of their portfolio SPRINGFIELD, MA 670,517670.5k $53.6m $53.6m 0.11% Added +78.5k +78,525
60 SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio London, X0 657,970658.0k $52.6m $52.6m 0.04% Added +211.1k +211,127
61 Centiva Capital, LP 1.75% of their portfolio New York, NY 652,000652.0k $52.1m $52.1m 1.75% New
62 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 573,657573.7k $45.9m $45.9m 0.03% Reduced -1.1m -1,129,194
63 Pure Financial Advisors, LLC 0.57% of their portfolio SAN DIEGO, CA 560,580560.6k $44.8m $44.8m 0.57% Added +26.7k +26,712
64 iA Global Asset Management Inc. 0.52% of their portfolio QUEBEC, A8 542,084542.1k $43.4m $43.4m 0.52% Reduced -808.7k -808,736
65 ALLSTATE CORP 0.43% of their portfolio NORTHBROOK, IL 539,073539.1k $43.1m $43.1m 0.43% Reduced -1.4m -1,354,229
66 CI INVESTMENTS INC. 0.13% of their portfolio TORONTO, Z4 520,215520.2k $41.6m $41.6m 0.13% Reduced -5.1k -5,113
67 HUNTINGTON NATIONAL BANK 0.20% of their portfolio COLUMBUS, OH 508,811508.8k $40.7m $40.7m 0.20% Added +27.6k +27,638
68 CASPIAN CAPITAL LP 22.70% of their portfolio New York, NY 500,000500.0k $40.0m $40.0m 22.70% New
69 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 484,755484.8k $38.8m $38.8m 0.05% Added +80.4k +80,372
70 Towercrest Capital Management 5.37% of their portfolio NEWTOWN, PA 481,066481.1k $38.5m $38.5m 5.37% Added +18.4k +18,435
71 Graham Capital Management, L.P. 1.03% of their portfolio ROWAYTON, CT 478,500478.5k $38.3m $38.3m 1.03% Added +231.6k +231,600
72 1832 Asset Management L.P. 0.05% of their portfolio TORONTO, A6 461,181461.2k $36.9m $36.9m 0.05% Added +106.9k +106,880
73 Aristotle Pacific Capital, LLC 16.79% of their portfolio NEWPORT BEACH, CA 441,368441.4k $35.3m $35.3m 16.79% Added +197.5k +197,500
74 CBIZ Investment Advisory Services, LLC 1.28% of their portfolio INDEPENDENCE, OH 441,115441.1k $35.1m $35.1m 1.28% Unchanged
75 DV Trading LLC 2.82% of their portfolio CHICAGO, IL 426,000426.0k $34.1m $34.1m 2.82% Reduced -44.8k -44,849
76 IMC-Chicago, LLC 0.31% of their portfolio CHICAGO, IL 418,029418.0k $33.4m $33.4m 0.31% Added +13.8k +13,849
77 DRW Securities, LLC 1.98% of their portfolio CHICAGO, IL 416,427416.4k $33.3m $33.3m 1.98% Added +284.2k +284,195
78 Deseret Mutual Benefit Administrators 10.49% of their portfolio SALT LAKE CITY, UT 401,482401.5k $32.1m $32.1m 10.49% Added +6.0k +6,027
79 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 383,620383.6k $30.7m $30.7m 0.03% Added +198.3k +198,276
80 Bank Julius Baer & Co. Ltd, Zurich 0.08% of their portfolio ZURICH, V8 377,751377.8k $30.2m $30.2m 0.08% Added +106.9k +106,893
81 CAPSTONE INVESTMENT ADVISORS, LLC 0.21% of their portfolio NEW YORK, NY 372,550372.6k $29.8m $29.8m 0.21% New
82 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 370,535370.5k $29.6m $29.6m 0.01% Added +298.1k +298,090
83 Analyst IMS Investment Management Services Ltd. 0.67% of their portfolio Tel-aviv, L3 360,098360.1k $28.8m $28.8m 0.67% New
84 Stairway Partners, LLC 1.34% of their portfolio MINNEAPOLIS, MN 355,328355.3k $28.4m $28.4m 1.34% Added +29.3k +29,299
85 Hikari Tsushin, Inc. 1.82% of their portfolio TOKYO, M0 343,165343.2k $27.4m $27.4m 1.82% Unchanged
86 Williams Jones Wealth Management, LLC. 0.31% of their portfolio NEW YORK, NY 341,905341.9k $27.3m $27.3m 0.31% Added +20.1k +20,050
87 Mirae Asset Global Investments Co., Ltd. 0.05% of their portfolio SEOUL, M5 329,400329.4k $26.3m $26.3m 0.05% Added +122.9k +122,926
88 CIBC Bancorp USA Inc. 0.03% of their portfolio CHICAGO, IL 321,516321.5k $25.6m $25.6m 0.03% Added +52.4k +52,400
89 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 318,032318.0k $25.4m $25.4m 0.03% Reduced -26.8k -26,751
90 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.16% of their portfolio VICTORIA, A1 315,000315.0k $25.2m $25.2m 0.16% Reduced -14.6m -14,605,618
91 KWMG, LLC 1.82% of their portfolio OVERLAND PARK, KS 314,508314.5k $25.2m $25.2m 1.82% Added +14.2k +14,211
92 Alliance Wealth Management Group 4.88% of their portfolio FLEMINGTON, NJ 313,153313.2k $25.0m $25.0m 4.88% Added +14.9k +14,906
93 TOEWS CORP /ADV 3.60% of their portfolio NORTHFIELD, NJ 309,000309.0k $24.7m $24.7m 3.60% New
94 III Capital Management 6.30% of their portfolio BOCA RATON, FL 308,000308.0k $24.6m $24.6m 6.30% New
95 Allianz SE 0.25% of their portfolio Munich, 2M 300,000300.0k $24.0m $24.0m 0.25% Unchanged
96 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.81% of their portfolio NEW YORK, NY 298,365298.4k $23.9m $23.9m 0.81% New
97 Trust Co 2.09% of their portfolio MANHATTAN, KS 290,017290.0k $23.2m $23.2m 2.09% Added +4.4k +4,394
98 PRINCIPAL SECURITIES, INC. 0.28% of their portfolio DES MOINES, IA 287,589287.6k $23.0m $23.0m 0.28% Added +50.1k +50,097
99 Edgestream Partners, L.P. 0.67% of their portfolio Princeton, NJ 281,586281.6k $22.5m $22.5m 0.67% Added +165.2k +165,203
100 FIFTH THIRD BANCORP 0.04% of their portfolio CINCINNATI, OH 277,976278.0k $22.2m $22.2m 0.04% Reduced -28.6k -28,572