Onyx Bridge Rebalances ETFs
Onyx Bridge Wealth Group Actively Adjusts ETF Portfolio with Major Stake Shifts
Anonymous
Key Points
1
JPMorgan International Bond Opportunities ETF (JPIB) – Onyx Bridge Wealth Group LLC increased its stake by 495.3% to 212,625 shares, worth about $10.168 million, with the ETF accounting for roughly 1.1% of its holdings and ranking as Onyx Bridge’s 23rd biggest position.
2
Fidelity Fundamental Large Cap Core ETF (FFLC) – Onyx Bridge trimmed its stake by 17.9% to 139,309 shares, valued at about $7.144 million, after selling 30,365 shares during the quarter.
3
HYT – Onyx Bridge boosted its stake in BlackRock Corporate High Yield Fund by 148.2% to 300,920 shares, valued at roughly $2.564 million. Other notable HYT holders include Invesco Ltd. (1,334,394 shares, about $13.01 million) and Raymond James Financial (177,549 shares, about $1.731 million), with Jane Street Group LLC opening a new position.
4
SPDR Global Dow ETF (DGT) – Onyx Bridge lifted its stake by 9.1% to 47,654 shares, representing about 1.48% of the portfolio and roughly $8.08 million in value; the ETF also accounts for about 0.9% of Onyx Bridge’s total portfolio.
5
DGRO – Onyx Bridge reduced its stake in iShares Core Dividend Growth ETF by 31.8% to 27,740 shares, valued at about $1.947 million.
Onyx Bridge Wealth Group LLC made a dramatic bet on international bonds in Q1 2026, boosting its stake in JPMorgan International Bond Opportunities ETF by 495.3% to 212,625 shares worth about $10.17 million, according to Watchlist News. The Tarrytown, NY-based firm, which manages roughly $930 million across 373 positions, also piled into BlackRock's Corporate High Yield Fund by 148.2%, while trimming its core US equity holdings.
The moves signal a clear pivot. Onyx Bridge is pulling back from passive US stock funds and rotating into active international bond managers and high-yield credit — a strategy that reflects growing unease about US market concentration and sticky inflation running around 3%.
A 495% Surge Into International Bonds
The standout move was Onyx Bridge's near-fivefold increase in JPMorgan International Bond Opportunities ETF (JPIB). The firm added enough shares to push its holding to 212,625 shares, now worth roughly $10.17 million and representing about 1.1% of its total portfolio. JPIB ranks as the firm's 23rd-largest position, according to Watchlist News.
The fund recently shifted its investment universe from 40% non-US bonds to 80% non-US bonds, according to Morningstar, which awarded it a Silver Medalist rating in April 2026. Analyst Evangelia Gkeka praised the fund's "nimble investment process" and its ability to "modify exposures to limit drawdowns in periods of market stress." Co-manager Bob Michele is credited with making the decisive calls that drove the fund's outperformance.
High-Yield Hunt: HYT Trading at a Steep Discount
Onyx Bridge also boosted its stake in BlackRock Corporate High Yield Fund (HYT) by 148.2%, bringing its holding to 300,920 shares valued at about $2.56 million. HYT currently yields 11.02% based on market price and was trading at a 7.63% discount to its net asset value as of late June 2026, according to BlackRock. That discount acts as a magnet for institutional buyers looking to get high-yielding assets at a markdown.
Onyx Bridge is not alone in this trade. Invesco Ltd. holds 1,334,394 shares of HYT worth about $13.01 million, while Raymond James Financial holds 177,549 shares worth roughly $1.73 million, according to Watchlist News. Jane Street Group LLC recently opened a brand-new position in the fund — a sign that the high-yield credit space is attracting fresh institutional interest.
Trimming US Equity Exposure in Two Core Funds
While Onyx Bridge was buying international assets, it was selling at home. The firm cut its stake in Fidelity Fundamental Large Cap Core ETF (FFLC) by 17.9%, selling 30,365 shares and leaving 139,309 shares worth about $7.14 million. It also reduced its iShares Core Dividend Growth ETF (DGRO) position by 31.8%, selling 12,960 shares and leaving 27,740 shares worth roughly $1.95 million, according to Watchlist News.
Despite the cuts, analysts still like FFLC. Analyst Komal Sarwar at Seeking Alpha rates the fund a "Buy," noting its "risk-adjusted performance versus large-cap benchmarks" has been superior since its 2020 launch, even with a 0.38% expense ratio. The trims at Onyx Bridge appear driven by portfolio rebalancing rather than any loss of faith in the underlying funds.
Global Dow Stake Grows as Firm Eyes Broader Exposure
Onyx Bridge also lifted its position in SPDR Global Dow ETF (DGT) by 9.1%, adding 3,992 shares to reach 47,654 shares total. The holding is now worth roughly $8.08 million and represents about 1.48% of the firm's portfolio, making it one of Onyx Bridge's more significant bets, according to Ticker Report.
Founder and CEO Jared Cohen has described the firm's philosophy as rooted in "protection and resilience." He recently said that broadening its services — including the launch of Onyx Bridge Tax Group and Onyx Bridge Retirement Group — allows the firm to "deliver comprehensive solutions across every stage of our client's financial lives." The Q1 portfolio shifts fit that same theme: spreading risk across geographies, credit quality, and asset types rather than concentrating in any single bet.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
Publishers
17
Articles
8
Reach
25
A
AnonymousAuthor
