iShares US Broker-Dealers & Securities Exchanges ETF
172 hedge funds and large institutions have $968M invested in iShares US Broker-Dealers & Securities Exchanges ETF in 2026 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 55 increasing their positions, 60 reducing their positions, and 36 closing their positions.
46% more call options, than puts
Call options by funds: $3.09M | Put options by funds: $2.12M
8% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 60
3.83% less ownership
Funds ownership: 66.86% → 63.04% (-3.8%)
6% less capital invested
Capital invested by funds: $1.03B → $968M (-$63.5M)
10% less funds holding
Funds holding: 191 → 172 (-19)
36% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 36
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
+$110M |
| 2 |
Two Sigma Investments
New York
|
+$29.2M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$12.3M |
| 4 |
EH
Equitable Holdings
New York
|
+$10.8M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$7.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$53.6M |
| 2 |
CWM
Chicago Wealth Management
Chicago,
Illinois
|
-$13.6M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$11.4M |
| 4 |
JF
Jump Financial
Chicago,
Illinois
|
-$8.04M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$7.93M |
IAI Hedge Fund Activity: Q1 2026 in Review
172 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in iShares US Broker-Dealers & Securities Exchanges ETF (IAI) for Q1 2026, worth a combined $968M — down 6.2% from $1.03B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of IAI and 23 opened new positions — a net loss of 13 holders — while 60 trimmed existing stakes and 55 added.
The largest buyer was Harel Insurance Investments & Financial Services, adding an estimated $110M. The largest seller was LPL Financial, cutting an estimated $53.6M.
- 172 institutional investors held iShares US Broker-Dealers & Securities Exchanges ETF (IAI) as of Q1 2026, down from 191 in Q4 2025.
- Funds reported $968M of iShares US Broker-Dealers & Securities Exchanges ETF stock for Q1 2026, down 6.2% quarter-over-quarter.
- 23 funds opened new iShares US Broker-Dealers & Securities Exchanges ETF positions in Q1 2026 and 36 closed out, a net change of -13 holders.
- The largest iShares US Broker-Dealers & Securities Exchanges ETF buyer in Q1 2026 was Harel Insurance Investments & Financial Services, an estimated $110M added.
- The largest iShares US Broker-Dealers & Securities Exchanges ETF seller in Q1 2026 was LPL Financial, an estimated $53.6M sold.
Based on aggregated 13F filings for Q1 2026.