iShares CMBS ETF
CMBS
94 hedge funds and large institutions have $301M invested in iShares CMBS ETF in 2025 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 38 increasing their positions, 21 reducing their positions, and 15 closing their positions.
81% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 21
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less capital invested
Capital invested by funds: $310M → $301M (-$9.26M)
7% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 15
2% less funds holding
Funds holding: 96 → 94 (-2)
3.76% less ownership
Funds ownership: 64.54% → 60.78% (-3.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PP
Prudential plc
London, England,
United Kingdom
|
+$9.55M |
| 2 |
LPL Financial
San Diego,
California
|
+$5.81M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$5.1M |
| 4 |
UBS AM
Chicago,
Illinois
|
+$3.29M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$3.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$25.6M |
| 2 |
SL
Systelligence LLC
Bloomington,
Minnesota
|
-$16.2M |
| 3 |
Jane Street
New York
|
-$3.88M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$3.58M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$828K |
CMBS Hedge Fund Activity: Q4 2025 in Review
94 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in iShares CMBS ETF (CMBS) for Q4 2025, worth a combined $301M — down 3% from $310M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of CMBS and 14 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 38 added.
The largest buyer was Prudential plc, opening a new position worth an estimated $9.55M. The largest seller was State of New Jersey Common Pension Fund D, exiting entirely with an estimated $25.6M sold.
- 94 institutional investors held iShares CMBS ETF (CMBS) as of Q4 2025, down from 96 in Q3 2025.
- Funds reported $301M of iShares CMBS ETF stock for Q4 2025, down 3% quarter-over-quarter.
- 14 funds opened new iShares CMBS ETF positions in Q4 2025 and 15 closed out, a net change of -1 holder.
- The largest iShares CMBS ETF buyer in Q4 2025 was Prudential plc, an estimated $9.55M added.
- The largest iShares CMBS ETF seller in Q4 2025 was State of New Jersey Common Pension Fund D, an estimated $25.6M sold.
Based on aggregated 13F filings for Q4 2025.