Ishares Tr (HYG) Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Ishares Tr (HYG) following the 2026 Q2 hedge fund 13F filings?

As of today, HYG has moved -1.1% since the 2026 Q2 13F filing date (August 14, 2026), compared to -2.4% for the SPY sector ETF — an outperformance of +1.3%. Since the quarter end (June 30, 2026), HYG gained -1.9% vs +1.4% 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.

Ishares Tr (HYG)

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

Smart Money Signals — HYG

Based on 1031 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their HYG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

🏔️

At the ownership peak (99% of max)

99% of all-time peak

1,031 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 — +7% more funds vs a year ago

fund count last 6Q

+68 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟡

Slight buying edge — 54% buying

560 buying469 selling

Last quarter: 560 funds bought or added vs 469 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: 123 → 172 → 139 → 106. 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.

🔒

70% of holders stayed for 2+ years

■ 70% conviction (2yr+) ■ 16% medium ■ 14% new

720 out of 1,031 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.

📊

Peak discovery — momentum slowing

126 → 123 → 172 → 139 → 106 new funds/Q

New funds entering each quarter: 123 → 172 → 139 → 106. HYG is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🏛️

Veteran-anchored — 72% veterans vs 17% newcomers

■ 72% veterans ■ 10% 1-2yr ■ 17% new

Entry-cohort mix of 1,092 holders: 788 (72%) are 2+ year veterans, 114 entered 1–2 years ago, and 190 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 49% AUM from top-100 funds

49% from top-100 AUM funds

40 of 995 holders are among the 100 largest funds by AUM, controlling 49% 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.

3.4

out of 10

Low Exit Risk

Exit risk score 3.4/10 — 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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	987	1046	-5.64%
13F Shares	719M	908M	-20.87%
Total Value	$72.98B	$86.61B	-15.73%
New Positions	101	139	-38
Increased Positions	420	397	+23
Closed Positions	125	120	+5
Reduced Positions	340	350	-10
Total Calls	27	36	-25.0%
Total Puts	68	97	-29.9%
PUT/CALL Ratio	2.52	2.69	Bearish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

987

1046

-5.64%

13F Shares

719M

908M

-20.87%

Total Value

$72.98B

$86.61B

-15.73%

New Positions

101

139

-38

Increased Positions

420

397

+23

Closed Positions

125

120

Reduced Positions

340

350

-10

Total Calls

-25.0%

Total Puts

-29.9%

PUT/CALL Ratio

2.52

2.69

Bearish

Institutional Holders (2026 Q2)

987 + 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:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 HYG holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Ionic Capital Management LLC	81.09%	7,000,000	$559.8M
2	PartnerRe Asset Management CORP	78.99%	1,397,745	$111.8M
3	One William Street Capital Management, L.P.	49.47%	1,500,000	$120.0M
4	Bain Capital Credit, LP	34.32%	1,578,713	$126.2M
5	One William Street Capital Management, L.P.	29.68%	900,000	$72.0M
6	Endurance Services Ltd	29.47%	2,406,196	$192.4M
7	Caspian Capital LP	22.70%	500,000	$40.0M
8	Isabella Capital Management LLP	21.23%	500,000	$40.0M
9	Japan Science & Technology Agency	17.61%	11,640,626	$930.9M
10	Aristotle Pacific Capital, LLC	16.79%	441,368	$35.3M
11	Summit Financial Consulting LLC	14.78%	272,444	$21.8M
12	Flat Footed LLC	13.52%	2,210,000	$176.7M
13	L1 Global Manager Pty Ltd	12.85%	227,500	$18.2M
14	Deseret Mutual Benefit Administrators	10.49%	401,482	$32.1M
15	Leonteq Securities AG	10.44%	3,800,000	$303.9M
16	Knighthead Capital Management, LLC	10.19%	1,500,000	$120.0M
17	Crabel Capital Management, LLC	10.05%	172,101	$13.8M
18	King Street Capital Management, L.P.	10.00%	237,100	$19.0M
19	Shaolin Capital Management LLC	9.47%	2,484,800	$198.7M
20	Acasta Partners UK LLP	8.39%	198,841	$15.9M
21	Counterpoint Mutual Funds LLC	8.33%	1,053,347	$84.2M
22	Isabella Capital Management LLP	8.28%	195,000	$15.6M
23	Clark Capital Management Group, Inc.	8.23%	18,889,629	$1.51B
24	Waratah Capital Advisors Ltd.	8.18%	3,007,700	$240.5M
25	Ocean Park Asset Management, LLC	7.66%	1,988,691	$159.0M

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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their HYG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for HYG?

Slight buying edge — 54% buying: Last quarter: 560 funds bought or added vs 469 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 — 49% AUM from top-100 funds: 40 of 995 holders are among the 100 largest funds by AUM, controlling 49% 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?

70% of holders stayed for 2+ years: 720 out of 1,031 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 Q2 hedge fund 13F filings?

As of today, HYG has moved -1.1% since the 2026 Q2 13F filing date (August 14, 2026), compared to -2.4% for the SPY sector ETF — an outperformance of +1.3%. Since the quarter end (June 30, 2026), HYG has gained -1.9% vs +1.4% 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.

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Ishares Tr (HYG)

Smart Money Signals — HYG

Selling streak — 1 quarter in a row

At the ownership peak (99% of max)

Steady growth — +7% more funds vs a year ago

Slight buying edge — 54% buying

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

70% of holders stayed for 2+ years

Peak discovery — momentum slowing

Veteran-anchored — 72% veterans vs 17% newcomers

Elite ownership — 49% AUM from top-100 funds

Institutional Sentiment Summary — HYG

Hedge Fund Ownership: HYG

Market Analysis: HYG

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: HYG

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

Hedge Fund Positioning: HYG

Statistics: HYG

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Ishares Tr (HYG)

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