iShares CMBS ETF
CMBS
93 hedge funds and large institutions have $255M invested in iShares CMBS ETF in 2025 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 26 reducing their positions, and 9 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
56% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 9
27% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 26
6% more funds holding
Funds holding: 88 → 93 (+5)
3% less capital inflows, than outflows
Capital inflows: $30.4M | Capital outflows: $31.2M
1.92% less ownership
Funds ownership: 58.54% → 56.62% (-1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prepared Retirement Institute
Lansdale,
Pennsylvania
|
+$4.64M |
| 2 |
P.J. Schmidt Investment Management (PJS)
Cedarburg,
Wisconsin
|
+$4.39M |
| 3 |
LPL Financial
San Diego,
California
|
+$2.64M |
| 4 |
Systelligence LLC
Bloomington,
Minnesota
|
+$2.06M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$2.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tortoise Investment Management
White Plains,
New York
|
-$15.2M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$3.02M |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
-$1.85M |
| 4 |
Jane Street
New York
|
-$1.7M |
| 5 |
Flow Traders U.S.
New York
|
-$1.11M |
CMBS Hedge Fund Activity: Q2 2025 in Review
93 of the 7,630 institutional investors tracked by Wall St. Rank reported a position in iShares CMBS ETF (CMBS) for Q2 2025, worth a combined $255M — up 1.2% from $252M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new CMBS positions and 9 closed out — a net gain of 5 holders — while 33 added to existing stakes and 26 trimmed.
The largest buyer was Prepared Retirement Institute, adding an estimated $4.64M. The largest seller was Tortoise Investment Management, cutting an estimated $15.2M.
- 93 institutional investors held iShares CMBS ETF (CMBS) as of Q2 2025, up from 88 in Q1 2025.
- Funds reported $255M of iShares CMBS ETF stock for Q2 2025, up 1.2% quarter-over-quarter.
- 14 funds opened new iShares CMBS ETF positions in Q2 2025 and 9 closed out, a net change of +5 holders.
- The largest iShares CMBS ETF buyer in Q2 2025 was Prepared Retirement Institute, an estimated $4.64M added.
- The largest iShares CMBS ETF seller in Q2 2025 was Tortoise Investment Management, an estimated $15.2M sold.
Based on aggregated 13F filings for Q2 2025.