iShares US Broker-Dealers & Securities Exchanges ETF
184 hedge funds and large institutions have $978M invested in iShares US Broker-Dealers & Securities Exchanges ETF in 2025 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 59 increasing their positions, 57 reducing their positions, and 26 closing their positions.
12% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 26
8% more capital invested
Capital invested by funds: $907M → $978M (+$71.4M)
1% more funds holding
Funds holding: 182 → 184 (+2)
4% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 57
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
3.42% less ownership
Funds ownership: 65.57% → 62.15% (-3.4%)
74% less call options, than puts
Call options by funds: $1.57M | Put options by funds: $6.11M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
+$9.9M |
| 2 |
LPL Financial
San Diego,
California
|
+$9.58M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$9.46M |
| 4 |
Two Sigma Investments
New York
|
+$8.13M |
| 5 |
PG
Prostatis Group
Hanover,
Maryland
|
+$6.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$17.9M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$15.2M |
| 3 |
PFM
Potomac Fund Management
Miami,
Florida
|
-$10.2M |
| 4 |
Morgan Stanley
New York
|
-$7.41M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$4.65M |
IAI Hedge Fund Activity: Q3 2025 in Review
184 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in iShares US Broker-Dealers & Securities Exchanges ETF (IAI) for Q3 2025, worth a combined $978M — up 7.9% from $907M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new IAI positions and 26 closed out — a net gain of 3 holders — while 59 added to existing stakes and 57 trimmed.
The largest buyer was Quadrature Capital, opening a new position worth an estimated $9.9M. The largest seller was Osaic Holdings, cutting an estimated $17.9M.
- 184 institutional investors held iShares US Broker-Dealers & Securities Exchanges ETF (IAI) as of Q3 2025, up from 182 in Q2 2025.
- Funds reported $978M of iShares US Broker-Dealers & Securities Exchanges ETF stock for Q3 2025, up 7.9% quarter-over-quarter.
- 29 funds opened new iShares US Broker-Dealers & Securities Exchanges ETF positions in Q3 2025 and 26 closed out, a net change of +3 holders.
- The largest iShares US Broker-Dealers & Securities Exchanges ETF buyer in Q3 2025 was Quadrature Capital, an estimated $9.9M added.
- The largest iShares US Broker-Dealers & Securities Exchanges ETF seller in Q3 2025 was Osaic Holdings, an estimated $17.9M sold.
Based on aggregated 13F filings for Q3 2025.