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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HW
Hancock Whitney
Gulfport,
Mississippi
|
+$10.5M |
| 2 |
LPL Financial
San Diego,
California
|
+$6.24M |
| 3 |
SL
Systelligence LLC
Bloomington,
Minnesota
|
+$5.88M |
| 4 |
PRI
Prepared Retirement Institute
Lansdale,
Pennsylvania
|
+$2.86M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
-$10.4M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$8.59M |
| 3 |
Morgan Stanley
New York
|
-$2.31M |
| 4 |
LWM
Laidlaw Wealth Management
New York City,
New York
|
-$2.25M |
| 5 |
GFM
GEN Financial Management
Plymouth,
Minnesota
|
-$726K |
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.