Which funds own HYG
iShares IBOXX High Yield ETF in the Q2 2026 filings. 3 of the 94 managers on file reported a position, worth $190m between them. Few of the managers on file hold it, so a position here is closer to a view than to a default. The quarter went the other way: 4 managers trimmed or sold out against 1 buying.
- Managers holding
- 3
- of 94 on file
- Combined value
- $190m
- as reported
- Opened
- 0
- new this quarter
- Added to
- 1
- already held
- Trimmed or sold out
- 4
- 3 sold out entirely
Every manager on file with a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Man Group PLC Quantitative · $62.7bn book | $169m | 0.3% | 2,111,030 | +$146m+1,828,306 | Added |
| Brevan Howard Capital Management LP Macro · $13.5bn book | $20m | 0.1% | 250,000 | -$491m-6,170,000 | Trimmed |
| Discovery Capital Management LLC Macro · $2.4bn book | $1.0m | 0.0% | 12,566 | unchanged0 | Held |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Elliott Investment Management LP · Activist$398m held before
- Soros Fund Management LLC · Macro$20m held before
- Starboard Value LP · Activist$3.0m held before
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Citadel Advisors LLC · puts$3.3bn notional
- Susquehanna International Group LLP · puts$2.1bn notional
- Jane Street Group LLC · puts$2.1bn notional
- Citadel Advisors LLC · calls$1.8bn notional
- Jane Street Group LLC · calls$1.2bn notional
- Millennium Management LLC · puts$1.0bn notional
- Tudor Investment Corp · puts$800m notional
- Brevan Howard Capital Management LP · puts$400m notional
- Davidson Kempner Capital Management LP · puts$200m notional
- Verition Fund Management LLC · puts$170m notional
- Hudson Bay Capital Management LP · puts$160m notional
- Schonfeld Strategic Advisors LLC · puts$132m notional
- Balyasny Asset Management LLC · puts$128m notional
- Moore Capital Management LP · puts$56m notional
What is inside it
Knowing who bought a fund is half the question. The other half is what the fund holds, which is the manager’s actual exposure rather than the wrapper they reached for.
What HYG holdsHow much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
One email a week on what moved in the market and what it means for the people interviewing into it, with the 13F changes the quarter they are filed.
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