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iShares CMBS ETF
CMBS

87 hedge funds and large institutions have $252M invested in iShares CMBS ETF in 2025 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 36 increasing their positions, 22 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 22

7% more capital invested

Capital invested by funds: $236M → $252M (+$16.3M)

2.4% more ownership

Funds ownership: 56.14% → 58.54% (+2.4%)

7% less funds holding

Funds holding: 94 → 87 (-7)

33% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 21

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $236K

Holders
87
Holders Change
-7
Holders Change %
-7.45%
% of All Funds
1.17%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
14
Increased
36
Reduced
22
Closed
21
Calls
–
Puts
$236K
Net Calls
-$236K
Net Calls Change
+$713K

Top Buyers

Rank Fund Capital Flow
1
HW
Hancock Whitney
Mississippi
+$10.5M
2
LPL Financial
LPL Financial
California
+$6.24M
3
SL
Systelligence LLC
Minnesota
+$5.88M
4
PRI
Prepared Retirement Institute
Pennsylvania
+$2.86M
5
Bank of America
Bank of America
North Carolina
+$2.67M

Top Sellers

Rank Fund Capital Flow
1
Pathstone Holdings
Pathstone Holdings
New Jersey
-$10.4M
2
Citadel Advisors
Citadel Advisors
Florida
-$8.59M
3
Morgan Stanley
Morgan Stanley
New York
-$2.31M
4
LWM
Laidlaw Wealth Management
New York
-$2.25M
5
GFM
GEN Financial Management
Minnesota
-$726K
Name Holding Trade Value Shares
Change 		Change in
Stake
Simplex Trading
76
Simplex Trading
Illinois
$13K – – –
US Bancorp
77
US Bancorp
Minnesota
$9.6K -$477 -10 -5%
JHCP
78
Jackson Hole Capital Partners
Oklahoma
$6.53K – – –
RF
79
Rossby Financial
Florida
$3.61K +$3.58K +75 New
LWANC
80
Laurel Wealth Advisors (North Carolina)
North Carolina
$3.17K – – –
Qube Research & Technologies (QRT)
81
Qube Research & Technologies (QRT)
United Kingdom
$2.21K – – –
Q1WB
82
Quest 10 Wealth Builders
Virginia
$2.02K +$620 +13 +45%
GEA
83
Glen Eagle Advisors
New Jersey
$1.54K – – –
IWM
84
IMG Wealth Management
Florida
$1.49K – – –
AAP
85
Arax Advisory Partners
Colorado
$624 +$620 +13 New
CAWM
86
Capital A Wealth Management
Pennsylvania
$384 – – –
SAS
87
Spurstone Advisory Services
Connecticut
$96 +$95 +2 New
FMP
88
Financial Management Professionals
Texas
$9 – – –
Citadel Advisors
89
Citadel Advisors
Florida
– -$8.59M -181,996 Closed
LWM
90
Laidlaw Wealth Management
New York
– -$2.25M -47,764 Closed
GFM
91
GEN Financial Management
Minnesota
– -$726K -15,385 Closed
PAS
92
PKS Advisory Services
New York
– -$520K -11,015 Closed
HPM
93
Hoxton Planning & Management
West Virginia
– -$403K -8,530 Closed
TIAA Trust, National Association
94
TIAA Trust, National Association
North Carolina
– -$400K -8,464 Closed
Schroder Investment Management Group
95
Schroder Investment Management Group
United Kingdom
– -$348K -7,374 Closed
CA
96
Crewe Advisors
Utah
– -$281K -5,955 Closed
TSS
97
Two Sigma Securities
New York
– -$257K -5,444 Closed
EW
98
Element Wealth
Mississippi
– -$73.2K -1,550 Closed
BF
99
BOK Financial
Oklahoma
– -$53.4K -1,132 Closed
MCM
100
MidAtlantic Capital Management
Virginia
– -$50.2K -1,064 Closed
1 2 3
4
5

CMBS Hedge Fund Activity: Q1 2025 in Review

87 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in iShares CMBS ETF (CMBS) for Q1 2025, worth a combined $252M — up 6.9% from $236M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of CMBS and 14 opened new positions — a net loss of 7 holders — while 22 trimmed existing stakes and 36 added.

The largest buyer was Hancock Whitney, opening a new position worth an estimated $10.5M. The largest seller was Pathstone Holdings, cutting an estimated $10.4M.

  • 87 institutional investors held iShares CMBS ETF (CMBS) as of Q1 2025, down from 94 in Q4 2024.
  • Funds reported $252M of iShares CMBS ETF stock for Q1 2025, up 6.9% quarter-over-quarter.
  • 14 funds opened new iShares CMBS ETF positions in Q1 2025 and 21 closed out, a net change of -7 holders.
  • The largest iShares CMBS ETF buyer in Q1 2025 was Hancock Whitney, an estimated $10.5M added.
  • The largest iShares CMBS ETF seller in Q1 2025 was Pathstone Holdings, an estimated $10.4M sold.

Based on aggregated 13F filings for Q1 2025.