Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Ishares Tr (HYG)

1K + Investors. Track Smart Money conviction in HYG. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +19
Streak
2Q ▲
Buyers last Q
52%

Smart Money Signals — HYG

Based on 1045 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added HYG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,045 hedge funds hold HYG right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +8% more funds vs a year ago

fund count last 6Q
+73 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

545 buying504 selling
Last quarter: 545 funds bought or added vs 504 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-33 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 125 → 123 → 171 → 138. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

66% of holders stayed for 2+ years

■ 66% conviction (2yr+) ■ 17% medium ■ 17% new
692 out of 1,045 hedge funds have held HYG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

117 → 125 → 123 → 171 → 138 new funds/Q
New funds entering each quarter: 125 → 123 → 171 → 138. A growing number of institutions are discovering HYG each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 71% of holders stayed 2+ years

■ 71% veterans ■ 11% 1-2yr ■ 19% new
Of 1,120 current holders: 790 (71%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 66% AUM from top-100 funds

66% from top-100 AUM funds
41 of 1045 holders are among the 100 largest funds by AUM, controlling 66% of total institutional value in HYG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — HYG

In 2026 Q1, 545 hedge funds were net buyers of HYG (138 opened a new position, 407 added to an existing one), while 504 reduced or exited (385 trimmed, 119 sold completely) — a 52% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 66% of total institutional value in HYG is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +19 funds (more new holders than closures). Total institutional holders: 1045.

Hedge Fund Ownership: HYG

How many hedge funds hold HYG — quarterly history vs. share price
Quarterly hedge fund ownership of HYG vs. share price

Market Analysis: HYG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HYG

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Ishares Tr (HYG) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much HYG has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 74d ago
HYG
+0.5%
SPY
+14.1%

HYG outperformed SPY by -13.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 29d ago
HYG
+1.1%
SPY
+0.3%

Since the filing became public, HYG outperformed SPY by +0.8% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

36 top-rated funds 22 high-conviction
Consensus
6.8
/ 10
breadth
×
Elite
3.7
/ 10
conviction
Hedge Fund Positioning: HYG
1K + Investors

Track Smart Money conviction in HYG. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1035 1026 0.88%
13F Shares 906M 847M 7.07%
Total Value $72.69B $80.70B -9.92%
New Positions 136 171 -35
Increased Positions 391 368 +23
Closed Positions 127 102 +25
Reduced Positions 348 340 +8
Total Calls 35 32 9.38%
Total Puts 95 74 28.38%
PUT/CALL Ratio 2.71 2.31 Bearish

Statistics: HYG

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Institutional Holders (2026 Q1)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in HYG. Verified SEC 13F-HR filings.

QUARTER:
Top 25 HYG holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 One William Street Capital Management, L.P. 86.48% 12,815,900 $1.02B
2 PartnerRe Asset Management CORP 80.57% 1,397,745 $111.2M
3 Ionic Capital Management LLC 55.51% 9,546,400 $759.5M
4 Anchorage Capital Advisors, L.P. 52.63% 2,500,000 $198.9M
5 Fore Capital, LLC 37.94% 770,500 $61.3M
6 Endurance Services Ltd 31.67% 2,363,696 $188.1M
7 Armor Advisors, L.L.C. 29.39% 1,100,000 $87.5M
8 Isabella Capital Management LLP 28.68% 500,000 $40.3M
9 Brigade Capital Management, LP 23.70% 2,400,000 $190.9M
10 Bain Capital Credit, LP 23.35% 889,077 $70.7M
11 Flat Footed LLC 22.57% 2,610,700 $207.7M
12 Carlson Capital, L.P. 18.27% 730,000 $58.1M
13 Japan Science & Technology Agency 17.18% 10,390,626 $826.7M
14 AYAL Capital Advisors Ltd 17.18% 796,500 $63.4M
15 Summit Financial Consulting LLC 15.91% 279,386 $22.2M
16 Aristotle Pacific Capital, LLC 15.77% 243,868 $19.4M
17 Ontario Teachers Pension Plan Board 15.11% 6,570,000 $522.7M
18 Crabel Capital Management, LLC 14.98% 20,350 $1.6M
19 SBI Okasan Asset Management Co.Ltd. 14.23% 4,405,210 $347.2M
20 Isabella Capital Management LLP 13.48% 235,000 $18.9M
21 Ionic Capital Management LLC 11.90% 2,046,400 $162.8M
22 Brigade Capital Management, LP 11.85% 1,200,000 $95.5M
23 Deseret Mutual Benefit Administrators 10.72% 395,455 $31.5M
24 L1 Global Manager Pty Ltd 10.65% 200,000 $15.9M
25 Knighthead Capital Management, LLC 10.47% 2,000,000 $159.1M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Ishares Tr (HYG)

What does the Smart Money Trend signal show for HYG?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added HYG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for HYG?

Slight buying edge — 52% buying: Last quarter: 545 funds bought or added vs 504 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for HYG holders?

Elite ownership — 66% AUM from top-100 funds: 41 of 1045 holders are among the 100 largest funds by AUM, controlling 66% of total institutional value in HYG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held HYG?

66% of holders stayed for 2+ years: 692 out of 1,045 hedge funds have held HYG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Ishares Tr (HYG) following the 2026 Q1 hedge fund 13F filings?

As of today, HYG has moved +1.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of +0.8%. Since the quarter end (March 31, 2026), HYG has gained +0.5% vs +14.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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