Alaska Permanent Fund’s iShares MSCI USA Min Vol Factor ETF USMV Stock Holding History

Alaska Permanent Fund’s Portfolio USMV Stock Details USMV Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-2,918,749	Closed	-$270M	–	414
2025 Q1	$270M	Sell	2,918,749 -1,784,013	-38%	-$164M	3.8%	8
2024 Q4	$418M	Buy	4,702,762 +4,375	+0.1%	+$401K	6.2%	3
2024 Q3	$429M	Sell	4,698,387 -79,567	-2%	-$7.01M	6.28%	3
2024 Q2	$416M	Buy	4,777,954 +830,134	+21%	+$68.4M	6.16%	3
2024 Q1	$330M	Buy	3,947,820 +167,538	+4%	+$13.5M	4.86%	5
2023 Q4	$295M	Sell	3,780,282 -350,067	-8%	-$26.1M	4.86%	4
2023 Q3	$299M	Sell	4,130,349 -591,555	-13%	-$44.1M	5.63%	4
2023 Q2	$351M	Buy	+4,721,904	New	+$345M	6.9%	1
2022 Q4	$235M	Buy	+3,257,078	New	+$232M	3.83%	10

Other funds holding USMV

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $369B AUM 28.27% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Wealth Enhancement Advisory Services Plymouth, Minnesota $59.8B AUM 29.42% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $202B AUM 37.79% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $424B AUM 22.96% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

Alaska Permanent Fund's USMV Position: Q2 2025 in Review

Alaska Permanent Fund sold out of iShares MSCI USA Min Vol Factor ETF (USMV) in Q2 2025, closing a stake of 2,918,749 shares — an estimated $270M sold.

Alaska Permanent Fund first reported a position in USMV in Q4 2022 and held it in 9 quarters. The position peaked at $429M in Q3 2024. 1,301 funds tracked by Wall St. Rank hold USMV as of Q2 2025.

Alaska Permanent Fund reported no remaining iShares MSCI USA Min Vol Factor ETF position as of Q2 2025 after selling out during the quarter.
Alaska Permanent Fund sold 2,918,749 iShares MSCI USA Min Vol Factor ETF shares in Q2 2025, an estimated $270M.
Alaska Permanent Fund first reported a position in iShares MSCI USA Min Vol Factor ETF in Q4 2022 and held it in 9 quarters.
Alaska Permanent Fund's iShares MSCI USA Min Vol Factor ETF position peaked at $429M in Q3 2024.
1,301 funds tracked by Wall St. Rank held iShares MSCI USA Min Vol Factor ETF as of Q2 2025.

Based on Alaska Permanent Fund's 13F filing for Q2 2025, filed 14 Aug 2025.