iShares US Broker-Dealers & Securities Exchanges ETF
182 hedge funds and large institutions have $907M invested in iShares US Broker-Dealers & Securities Exchanges ETF in 2025 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 51 increasing their positions, 64 reducing their positions, and 28 closing their positions.
14% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 28
11% more capital invested
Capital invested by funds: $815M → $907M (+$91.7M)
4.03% more ownership
Funds ownership: 61.54% → 65.57% (+4%)
2% more funds holding
Funds holding: 178 → 182 (+4)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
20% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 64
80% less call options, than puts
Call options by funds: $4.34M | Put options by funds: $21.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$38.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$19.8M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$17.4M |
| 4 |
PFM
Potomac Fund Management
Miami,
Florida
|
+$8.88M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$8.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AssetMark Inc
Concord,
California
|
-$83.9M |
| 2 |
AWM
Affinity Wealth Management
Wilmington,
Delaware
|
-$28.9M |
| 3 |
EE
EWG Elevate
Roseville,
California
|
-$8.32M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$7.01M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$6.37M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCM
201
Beaumont Capital Management
Boston,
Massachusetts
| – | -$573K | -4,090 | Closed |
|
|
HIM
202
Hanlon Investment Management
Egg Harbor Township,
New Jersey
| – | -$489K | -3,488 | Closed |
|
|
TSS
203
Two Sigma Securities
New York
| – | -$401K | -2,861 | Closed |
|
|
TI
204
Trexquant Investment
Stamford,
Connecticut
| – | -$343K | -2,448 | Closed |
|
|
PG
205
Prostatis Group
Hanover,
Maryland
| – | -$312K | -2,230 | Closed |
|
|
IP
206
Ignite Planners
San Clemente,
California
| – | -$311K | -2,201 | Closed |
|
|
FTUS
207
Flow Traders U.S.
New York
| – | -$271K | -1,934 | Closed |
|
|
PRS
208
Pinkerton Retirement Specialists
Coeur D Alene,
Idaho
| – | -$228K | -1,624 | Closed |
|
|
GWS
209
Glassman Wealth Services
Vienna,
Virginia
| – | -$32.9K | -235 | Closed |
|
|
CCM
210
Chilton Capital Management
Houston,
Texas
| – | -$28.7K | -205 | Closed |
|
211
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$2.66K | -19 | Closed |
|
IAI Hedge Fund Activity: Q2 2025 in Review
182 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares US Broker-Dealers & Securities Exchanges ETF (IAI) for Q2 2025, worth a combined $907M — up 11% from $815M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new IAI positions and 28 closed out — a net gain of 4 holders — while 51 added to existing stakes and 64 trimmed.
The largest buyer was LPL Financial, adding an estimated $38.8M. The largest seller was AssetMark Inc, cutting an estimated $83.9M.
- 182 institutional investors held iShares US Broker-Dealers & Securities Exchanges ETF (IAI) as of Q2 2025, up from 178 in Q1 2025.
- Funds reported $907M of iShares US Broker-Dealers & Securities Exchanges ETF stock for Q2 2025, up 11% quarter-over-quarter.
- 32 funds opened new iShares US Broker-Dealers & Securities Exchanges ETF positions in Q2 2025 and 28 closed out, a net change of +4 holders.
- The largest iShares US Broker-Dealers & Securities Exchanges ETF buyer in Q2 2025 was LPL Financial, an estimated $38.8M added.
- The largest iShares US Broker-Dealers & Securities Exchanges ETF seller in Q2 2025 was AssetMark Inc, an estimated $83.9M sold.
Based on aggregated 13F filings for Q2 2025.