iShares iBoxx $ Investment Grade Corporate Bond

LQD • ARCA

iShares iBoxx $ Investment Grade Corporate Bond is an exchange-traded fund on ARCA. As of Q3 2025, 1,017 institutional investors hold shares in this ETF, with total holdings valued at $29.9B. Meiji Yasuda Life Insurance Co is the largest holder with a position valued at $2.1B.

Overview

Overview of institutional ownership in LQD as of Q3 2025

All Institutions

Institutions: 1,017
Value Held: $29.9B
Shares Held: 268.7M
Avg Position: $29.4M
Median Position: $1.0M

Hedge Funds

Hedge Funds: 28
Value Held: $571.5M
Shares Held: 5.1M
Avg Position: $20.4M
Median Position: $13.3M

Biggest Investors

Institutions with the largest positions in LQD as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
M Meiji Yasuda Life Insurance Co Institution	-	$2.1B 61.28% of portfolio	19.1M shares	Q2 2020 Held for 5y 5m	$3.5B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$2.1B 0.16% of portfolio	19.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
N Nuveen, LLC Institution	-	$2.0B 0.52% of portfolio	17.7M shares	Q1 2025 Held for 8 months	$377.89B
B BlackRock, Inc. Institution	-	$1.6B 0.03% of portfolio	13.9M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
J Japan Science & Technology Agency Institution	-	$1.5B 26.21% of portfolio	13.2M shares	Q4 2022 Held for 2y 11m	$5.6B
F Financial Engines Advisors L.L.C. Institution	-	$1.2B 2.29% of portfolio	10.8M shares	Q3 2018 Held for 7y 2m	$52.4B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.1B 0.07% of portfolio	10.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
Wealthfront Advisers LLC RIA/Wealth	Andrew Samuel Rachleff CEO	$1.1B 2.65% of portfolio	10.1M shares	Q4 2018 Held for 6y 11m	$42.6B
A Allianz Investment Management U.S. LLC Institution	-	$876.4M 33.49% of portfolio	7.9M shares	Q1 2021 Held for 4y 8m	$2.6B
T TD ASSET MANAGEMENT INC Institution	-	$705.4M 0.57% of portfolio	6.3M shares	≤ Q2 2013 Held for 12y 5m+	$123.47B

Net Capital Flow

Institutional buying and selling activity for LQD in Q3 2025

Net Flow: +$217.5M
Buyers: 435
Sellers: 433
Total Bought: +$5.1B
Total Sold: −$4.9B
Avg Position: $29.1M

Biggest Buyers

Institution	Net Bought	Current Position
N Nuveen, LLC Institution	+$983.5M +8.8M shares	$2.0B 17.7M shares
T TD ASSET MANAGEMENT INC Institution	+$680.5M +6.1M shares	$705.4M 6.3M shares
R ROYAL BANK OF CANADA Institution	+$403.5M +3.6M shares	$531.7M 4.8M shares
D D. E. Shaw & Co., Inc. Institution	+$370.0M +3.3M shares	$370.0M 3.3M shares
BABSON CAPITAL MANAGEMENT LLC Insurance Manager	+$301.0M +2.7M shares	$309.0M 2.8M shares
J JANE STREET GROUP, LLC Institution	+$292.6M +2.6M shares	$298.8M 2.7M shares
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds	+$277.2M +2.5M shares	$277.2M 2.5M shares
L LEGAL & GENERAL GROUP PLC Institution	+$127.1M +1.1M shares	$128.7M 1.2M shares
BANK OF AMERICA CORP /DE/ Institution	+$98.2M +880.9K shares	$2.1B 19.0M shares
B BNP PARIBAS Institution	+$96.7M +867.4K shares	$230.1M 2.1M shares

Biggest Sellers

Institution	Net Sold	Current Position
MORGAN STANLEY RIA/Wealth	−$686.5M −6.2M shares	$1.1B 10.1M shares
SONA ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$599.5M −5.4M shares	$44.2M 396.2K shares
Gallagher Fiduciary Advisors, LLC Pension/Endowment	−$454.4M −4.1M shares	$38.6M 346.4K shares
S SUMITOMO MITSUI FINANCIAL GROUP, INC. Institution	−$406.5M −3.6M shares	$86.6M 776.9K shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	−$306.9M −2.8M shares	Sold Off 0 shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	−$267.7M −2.4M shares	$81.5M 731.2K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$188.0M −1.7M shares	$60.3M 541.0K shares
AMERIPRISE FINANCIAL INC Institution	−$140.0M −1.3M shares	$365.1M 3.3M shares
JPMORGAN CHASE & CO Institution	−$123.8M −1.1M shares	$82.7M 741.9K shares
A APG Asset Management US Inc. Pension/Endowment	−$110.0M −986.2K shares	$383.8M 3.4M shares

Entry and Exit Activity

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

New Positions: 33
New Value: $41.8M
Exited Positions: 80
Exited Value: $577.7M

New Positions

Institution	Position Value
V von Borstel & Associates, Inc. RIA/Wealth	$14.7M 132.0K shares
CAPSTONE WEALTH MANAGEMENT GROUP, LLC RIA/Wealth	$11.0M 98.5K shares
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	$4.4M 39.3K shares
C Capricorn Fund Managers Ltd Institution	$1.3M 11.4K shares
Slocum, Gordon & Co LLP RIA/Wealth	$1.2M 10.9K shares
Phil A. Younker & Associates, Ltd. RIA/Wealth	$1.0M 9.0K shares
Quest Partners LLC Hedge Fund•Quant Macro	$947.3K 8.5K shares
Maridea Wealth Management LLC RIA/Wealth	$786.8K 7.0K shares
P Pachira Investments Inc. Institution	$699.5K 6.3K shares
E Exit Wealth Advisors, LLC. RIA/Wealth	$640.6K 5.7K shares

Exited Positions

Institution	Previous Position
C CANADA PENSION PLAN INVESTMENT BOARD Institution	$306.9M 2.8M shares
Point72 Europe LLP Digital Asset Manager	$59.7M 545.0K shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	$38.5M 350.8K shares
SRS Capital Advisors, Inc. RIA/Wealth	$30.3M 276.0K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$20.2M 184.2K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$18.5M 169.0K shares
CONNING INC. Insurance Manager	$17.2M 156.7K shares
CNO Financial Group, Inc. Institution	$13.7M 125.0K shares
Signal Advisors Wealth, LLC RIA/Wealth	$9.4M 86.0K shares
S Symmetry Investments LP Institution	$8.4M 77.0K shares

Options Activity

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

Call Positions: 21
Call Value: $3.4B
Put Positions: 38
Put Value: $6.4B

Call Positions

Institution	Position Value
BANK OF AMERICA CORP /DE/ Institution	$490.5M 44.0K contracts
C Capula Management Ltd Institution	$445.9M 40.0K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$342.8M 30.8K contracts
BARCLAYS PLC Institution	$337.4M 30.3K contracts
B Brevan Howard Capital Management LP Institution	$334.4M 30.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$322.5M 28.9K contracts
J JANE STREET GROUP, LLC Institution	$316.0M 28.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$304.3M 27.3K contracts
GOLDMAN SACHS GROUP INC Institution	$213.0M 19.1K contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$133.8M 12.0K contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.3B 114.5K contracts
GOLDMAN SACHS GROUP INC Institution	$841.2M 75.5K contracts
KING STREET CAPITAL MANAGEMENT, L.P. Hedge Fund•Distressed	$724.6M 65.0K contracts
BARCLAYS PLC Institution	$383.1M 34.4K contracts
CITIGROUP INC Institution	$351.1M 31.5K contracts
BANK OF AMERICA CORP /DE/ Institution	$335.2M 30.1K contracts
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	$334.8M 30.0K contracts
B Brevan Howard Capital Management LP Institution	$334.4M 30.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$264.9M 23.8K contracts
Jain Global LLC Hedge Fund•Multi-Strategy	$245.2M 22.0K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Empower Annuity Insurance Co Pension/Endowment	Jonathan David Kreider CEO	100.00% $273.9M	2.5M shares	Q4 2022 Held for 2y 11m	$273.9M
M Meiji Yasuda Life Insurance Co Institution	-	61.28% $2.1B	19.1M shares	Q2 2020 Held for 5y 5m	$3.5B
A Allianz Investment Management U.S. LLC Institution	-	33.49% $876.4M	7.9M shares	Q1 2021 Held for 4y 8m	$2.6B
J Japan Science & Technology Agency Institution	-	26.21% $1.5B	13.2M shares	Q4 2022 Held for 2y 11m	$5.6B
Summit Financial Consulting LLC RIA/Wealth	Ellen Marie Weed President	16.03% $20.1M	180.2K shares	Q1 2025 Held for 8 months	$125.3M
D DAI ICHI LIFE INSURANCE CO., LTD. Institution	-	15.83% $16.4M	147.0K shares	Q1 2024 Held for 1y 8m	$103.6M
Spahn Wealth & Retirement LLC RIA/Wealth	Kyle Robert Spahn Managing Partner	10.74% $18.1M	162.5K shares	Q4 2024 Held for 11 months	$168.7M
NYL Investors LLC Insurance Manager	Anthony Ramsey Malloy CEO	10.06% $29.3M	262.6K shares	Q1 2018 Held for 7y 8m	$290.9M
Wela Strategies, LLC RIA/Wealth	Matthew Ross Reiner CEO	9.63% $25.4M	227.9K shares	Q1 2019 Held for 6y 8m	$263.7M
B Ball & Co Wealth Management Inc. Institution	-	9.30% $10.1M	90.6K shares	Q1 2025 Held for 8 months	$108.5M

Hedge Fund Spotlight

Discover hedge funds investing in LQD

Jain Global LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerRobert Nmn Jain

Portfolio Value: $7.1B
Positions: 839
Last Reported: Q3 2025

Sector Allocation

Position in iShares iBoxx $ Investment Grade Corporate Bond

Market Value: $31.8M
Shares Held: 285.2K
Portfolio Weight: 0.45%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 iShares Core S&P 500 ETF IVV	ETF ETF	$663.4M	9.30%
2 GLD SPDR Gold Trust GLD	Unknown Unknown	$530.3M	7.44%
3 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$371.5M	5.21%

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