We are live on ! Find out more
IAI icon

iShares US Broker-Dealers & Securities Exchanges ETF
IAI

191 hedge funds and large institutions have $1.03B invested in iShares US Broker-Dealers & Securities Exchanges ETF in 2025 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 66 increasing their positions, 52 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 21

27% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 52

5% more capital invested

Capital invested by funds: $978M → $1.03B (+$53.4M)

4.71% more ownership

Funds ownership: 62.15% → 66.86% (+4.7%)

4% more funds holding

Funds holding: 184 → 191 (+7)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

3% less call options, than puts

Call options by funds: $2.08M | Put options by funds: $2.13M

Holders
191
Holders Change
+7
Holders Change %
+3.8%
% of All Funds
2.32%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
31
Increased
66
Reduced
52
Closed
21
Calls
$2.08M
Puts
$2.13M
Net Calls
-$54K
Net Calls Change
+$4.48M

Top Buyers

Rank Fund Capital Flow
1
HIIFS
Harel Insurance Investments & Financial Services
Israel
+$94.6M
2
AC
AlphaCore Capital
California
+$28.7M
3
Wells Fargo
Wells Fargo
California
+$10.9M
4
JF
Jump Financial
Illinois
+$7.87M
5
MML Investors Services
MML Investors Services
Massachusetts
+$5.45M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$26.6M
2
Two Sigma Investments
Two Sigma Investments
New York
-$21.8M
3
QC
Quadrature Capital
United Kingdom
-$10.1M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$6.81M
5
UBS Group
UBS Group
Switzerland
-$5.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
TSMHT
151
Thurston Springer Miller Herd & Titak
Indiana
$48.3K +$47.2K +269 New
NRG
152
Nemes Rush Group
Michigan
$46.3K +$45.3K +258 New
FFA
153
Founders Financial Alliance
North Carolina
$42.1K +$176 +1 +0.4%
CAL
154
Capital Analysts LLC
Pennsylvania
$36K +$35.6K +203 New
S
155
SignatureFD
Georgia
$36K – – –
TCOV
156
Trust Company of Vermont
Vermont
$35.9K – – –
US Bancorp
157
US Bancorp
Minnesota
$33.5K – – –
TWC
158
TD Waterhouse Canada
Ontario, Canada
$32.5K -$1.41K -8 -4%
AAP
159
Arax Advisory Partners
Colorado
$29.1K +$28.4K +162 New
Russell Investments Group
160
Russell Investments Group
United Kingdom
$26.2K +$5.79K +33 +29%
AWM
161
AE Wealth Management
Kansas
$25.3K -$2.46K -14 -9%
WWMSC
162
Wagner Wealth Management (South Carolina)
South Carolina
$25.3K – – –
HBW
163
Hazlett, Burt & Watson
West Virginia
$23K +$176 +1 +0.8%
HI
164
Harbour Investments
Wisconsin
$21K – – –
GPFA
165
Game Plan Financial Advisors
Ohio
$17.9K – – –
NFSG
166
Newbridge Financial Services Group
Florida
$17.9K – – –
PA
167
Parallel Advisors
California
$17.9K +$17.6K +100 New
AIM
168
Anchor Investment Management
South Carolina
$14.5K – – –
RFP
169
Root Financial Partners
California
$14.5K +$6.32K +36 +80%
CPG
170
Cornerstone Planning Group
New Jersey
$14.1K – – –
HWA
171
HHM Wealth Advisors
Tennessee
$13.8K – – –
HHGA
172
Halbert Hargrove Global Advisors
California
$13.3K – – –
IAIM
173
International Assets Investment Management
Florida
$10.8K +$10.5K +60 New
MLA
174
MB, Levis & Associates
Pennsylvania
$8.97K +$8.78K +50 New
DSC
175
Duncker Streett & Co
Missouri
$8.61K – – –
5 6
7
8 9

IAI Hedge Fund Activity: Q4 2025 in Review

191 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in iShares US Broker-Dealers & Securities Exchanges ETF (IAI) for Q4 2025, worth a combined $1.03B — up 5.5% from $978M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new IAI positions and 21 closed out — a net gain of 10 holders — while 66 added to existing stakes and 52 trimmed.

The largest buyer was Harel Insurance Investments & Financial Services, adding an estimated $94.6M. The largest seller was Bank of America, cutting an estimated $26.6M.

  • 191 institutional investors held iShares US Broker-Dealers & Securities Exchanges ETF (IAI) as of Q4 2025, up from 184 in Q3 2025.
  • Funds reported $1.03B of iShares US Broker-Dealers & Securities Exchanges ETF stock for Q4 2025, up 5.5% quarter-over-quarter.
  • 31 funds opened new iShares US Broker-Dealers & Securities Exchanges ETF positions in Q4 2025 and 21 closed out, a net change of +10 holders.
  • The largest iShares US Broker-Dealers & Securities Exchanges ETF buyer in Q4 2025 was Harel Insurance Investments & Financial Services, an estimated $94.6M added.
  • The largest iShares US Broker-Dealers & Securities Exchanges ETF seller in Q4 2025 was Bank of America, an estimated $26.6M sold.

Based on aggregated 13F filings for Q4 2025.