iShares iBoxx High Yield Corporate Bond

HYG • ARCA

iShares iBoxx High Yield Corporate Bond is an exchange-traded fund on ARCA. As of Q3 2025, 891 institutional investors hold shares in this ETF, with total holdings valued at $22.5B. BlackRock, Inc. is the largest holder with a position valued at $1.7B.

Overview

Overview of institutional ownership in HYG as of Q3 2025

All Institutions

Institutions: 891
Value Held: $22.5B
Shares Held: 276.5M
Avg Position: $25.2M
Median Position: $997.9K

Hedge Funds

Hedge Funds: 23
Value Held: $696.1M
Shares Held: 8.6M
Avg Position: $30.3M
Median Position: $6.1M

Biggest Investors

Institutions with the largest positions in HYG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$1.7B 0.03% of portfolio	20.5M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$1.5B 0.11% of portfolio	18.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
Clark Capital Management Group, Inc. RIA/Wealth	Brendan Michael Clark CEO	$1.4B 8.80% of portfolio	17.3M shares	Q4 2022 Held for 2y 11m	$16.0B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.4B 0.08% of portfolio	16.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
N Nuveen, LLC Institution	-	$998.1M 0.26% of portfolio	12.3M shares	Q1 2025 Held for 8 months	$377.89B
B BRITISH COLUMBIA INVESTMENT MANAGEMENT CORP RIA/Wealth	Michael Winston Bain CCO	$911.0M 5.22% of portfolio	11.2M shares	Q2 2022 Held for 3y 5m	$17.5B
J Japan Science & Technology Agency Institution	-	$843.6M 15.02% of portfolio	10.4M shares	Q4 2022 Held for 2y 11m	$5.6B
BARCLAYS PLC Institution	-	$842.8M 0.31% of portfolio	10.4M shares	≤ Q2 2013 Held for 12y 5m+	$271.65B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$612.3M 0.04% of portfolio	7.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	Hyun Michael Kim CEO	$593.7M 1.28% of portfolio	7.3M shares	Q3 2013 Held for 12y 2m	$46.5B

Net Capital Flow

Institutional buying and selling activity for HYG in Q3 2025

Net Flow: −$169.7M
Buyers: 366
Sellers: 389
Total Bought: +$3.6B
Total Sold: −$3.8B
Avg Position: $24.1M

Biggest Buyers

Institution	Net Bought	Current Position
BARCLAYS PLC Institution	+$717.6M +8.8M shares	$842.8M 10.4M shares
N Nuveen, LLC Institution	+$573.2M +7.1M shares	$998.1M 12.3M shares
BANK OF AMERICA CORP /DE/ Institution	+$516.4M +6.4M shares	$1.5B 18.5M shares
GOLDMAN SACHS GROUP INC Institution	+$282.2M +3.5M shares	$558.3M 6.9M shares
ALLSTATE CORP Institution	+$223.2M +2.7M shares	$250.3M 3.1M shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	+$152.7M +1.9M shares	$185.5M 2.3M shares
O ONTARIO TEACHERS PENSION PLAN BOARD Institution	+$113.7M +1.4M shares	$414.1M 5.1M shares
T TD ASSET MANAGEMENT INC Institution	+$110.4M +1.4M shares	$436.9M 5.4M shares
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	+$104.8M +1.3M shares	$593.7M 7.3M shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	+$100.8M +1.2M shares	$109.2M 1.3M shares

Biggest Sellers

Institution	Net Sold	Current Position
P Proficio Capital Partners LLC Family Office	−$936.6M −11.5M shares	$300.0K 3.7K shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$327.0M −4.0M shares	$489.4M 6.0M shares
JPMORGAN CHASE & CO Institution	−$218.7M −2.7M shares	$612.3M 7.5M shares
B BlackRock, Inc. Institution	−$177.3M −2.2M shares	$1.7B 20.5M shares
CITIGROUP INC Institution	−$164.2M −2.0M shares	$326.3M 4.0M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$157.2M −1.9M shares	Sold Off 0 shares
L Liberty Mutual Group Asset Management Inc. Institution	−$156.4M −1.9M shares	$82.6M 1.0M shares
MORGAN STANLEY RIA/Wealth	−$154.9M −1.9M shares	$1.4B 16.8M shares
B Brevan Howard Capital Management LP Institution	−$117.3M −1.5M shares	Sold Off 0 shares
B BRITISH COLUMBIA INVESTMENT MANAGEMENT CORP RIA/Wealth	−$106.2M −1.3M shares	$911.0M 11.2M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited HYG in Q3 2025

New Positions: 32
New Value: $126.8M
Exited Positions: 95
Exited Value: $952.8M

New Positions

Institution	Position Value
Corebridge Financial, Inc. Hedge Fund•Value	$76.5M 942.3K shares
POLEN CAPITAL MANAGEMENT LLC Long Only Manager	$16.2M 200.0K shares
Horizon Wealth Management, LLC RIA/Wealth	$9.1M 112.0K shares
Little Harbor Advisors, LLC ETF Provider	$5.6M 69.3K shares
Beta Wealth Group, Inc. RIA/Wealth	$2.6M 31.7K shares
C Capricorn Fund Managers Ltd Institution	$2.5M 31.3K shares
Quest Partners LLC Hedge Fund•Quant Macro	$2.4M 29.8K shares
Soltis Investment Advisors LLC RIA/Wealth	$1.7M 20.8K shares
P Portfolio Strategies, Inc. RIA/Wealth	$1.7M 20.6K shares
R Russell Investments Group, Ltd. RIA/Wealth	$1.6M 19.7K shares

Exited Positions

Institution	Previous Position
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$157.2M 1.9M shares
B Brevan Howard Capital Management LP Institution	$117.3M 1.5M shares
B BlueCrest Capital Management Ltd Institution	$102.8M 1.3M shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	$78.1M 967.8K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$74.2M 920.0K shares
Pictet Asset Management Holding SA Long Only Manager	$60.6M 754.8K shares
Q Quadrature Capital Ltd Institution	$39.5M 489.7K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$39.1M 484.8K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$27.4M 340.0K shares
O Optiver Holding B.V. Institution	$27.2M 337.9K shares

Options Activity

Institutions with the largest Call and Put options positions in HYG as of Q3 2025

Call Positions: 35
Call Value: $9.7B
Put Positions: 112
Put Value: $45.3B

Call Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$2.1B 260.3K contracts
GOLDMAN SACHS GROUP INC Institution	$1.9B 233.2K contracts
BANK OF AMERICA CORP /DE/ Institution	$1.2B 150.4K contracts
UBS Group AG Institution	$928.4M 114.4K contracts
Laurion Capital Management LP Hedge Fund•Multi-Strategy	$751.0M 92.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$700.2M 86.2K contracts
CITIGROUP INC Institution	$390.5M 48.1K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$387.7M 47.8K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$328.8M 40.5K contracts
Centiva Capital, LP Hedge Fund•Multi-Strategy	$282.1M 34.7K contracts

Put Positions

Institution	Position Value
GOLDMAN SACHS GROUP INC Institution	$5.8B 710.4K contracts
CITIGROUP INC Institution	$4.2B 516.8K contracts
BARCLAYS PLC Institution	$4.1B 500.1K contracts
BANK OF AMERICA CORP /DE/ Institution	$3.9B 474.4K contracts
UBS Group AG Institution	$3.2B 393.3K contracts
FARALLON CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	$3.2B 390.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.7B 334.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.6B 200.7K contracts
WELLS FARGO & COMPANY/MN Institution	$1.5B 187.4K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.5B 185.8K contracts

Most Committed Institutions

Institutions with HYG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
E Endurance Services Ltd Institution	-	26.91% $160.7M	2.0M shares	Q4 2023 Held for 1y 11m	$597.1M
L Liberty Mutual Group Asset Management Inc. Institution	-	26.27% $82.6M	1.0M shares	Q2 2025 Held for 5 months	$314.5M
Counterpoint Mutual Funds LLC ETF Provider	John Charles Koudsi Managing Partner	22.21% $281.4M	3.5M shares	Q2 2025 Held for 5 months	$1.3B
H HIGHBRIDGE CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	Jason Keith Hempel CIO	17.31% $103.5M	1.3M shares	Q3 2025 Held for 2 months	$597.8M
Summit Financial Consulting LLC RIA/Wealth	Ellen Marie Weed President	16.00% $20.1M	247.0K shares	Q1 2025 Held for 8 months	$125.3M
V VIEWPOINT INVESTMENT PARTNERS CORP Institution	-	15.49% $28.0M	346.6K shares	Q3 2023 Held for 2y 2m	$180.4M
J Japan Science & Technology Agency Institution	-	15.02% $843.6M	10.4M shares	Q4 2022 Held for 2y 11m	$5.6B
Pacific Asset Management LLC Long Only Manager	Brian Whitfield Cox Managing Partner	13.31% $27.4M	336.9K shares	Q4 2020 Held for 4y 11m	$205.4M
D Deseret Mutual Benefit Administrators Institution	-	13.12% $31.2M	384.2K shares	Q4 2024 Held for 11 months	$237.7M
B BNP PARIBAS Institution	-	11.57% $383.2M	4.7M shares	Q1 2024 Held for 1y 8m	$3.3B

Hedge Fund Spotlight

Discover hedge funds investing in HYG

GABLES CAPITAL MANAGEMENT INC.

Hedge Fund • Long/Short

Portfolio ManagerJudith Cohen Neiwirth

Portfolio Value: $233.4M
Positions: 457
Last Reported: Q3 2025

Sector Allocation

Position in iShares iBoxx High Yield Corporate Bond

Market Value: $8.1K
Shares Held: 100.0
Portfolio Weight: 0.00%
Owned Since: 2018-Q1

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$20.6M	8.84%
2 Apple AAPL	Consumer Electronics Technology	$14.7M	6.30%
3 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$13.4M	5.74%