iShares US Broker-Dealers & Securities Exchanges ETF
179 hedge funds and large institutions have $815M invested in iShares US Broker-Dealers & Securities Exchanges ETF in 2025 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 44 increasing their positions, 73 reducing their positions, and 38 closing their positions.
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
3% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 38
2% less funds holding
Funds holding: 183 → 179 (-4)
16.46% less ownership
Funds ownership: 78% → 61.54% (-16%)
40% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 73
42% less capital invested
Capital invested by funds: $1.4B → $815M (-$590M)
63% less call options, than puts
Call options by funds: $5.28M | Put options by funds: $14.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
+$95.2M |
| 2 |
AssetMark Inc
Concord,
California
|
+$71.4M |
| 3 |
AWM
Affinity Wealth Management
Wilmington,
Delaware
|
+$30.7M |
| 4 |
Two Sigma Investments
New York
|
+$25.2M |
| 5 |
Morgan Stanley
New York
|
+$12.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$159M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$143M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
-$115M |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$107M |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$105M |
IAI Hedge Fund Activity: Q1 2025 in Review
179 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in iShares US Broker-Dealers & Securities Exchanges ETF (IAI) for Q1 2025, worth a combined $815M — down 42% from $1.4B a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of IAI and 37 opened new positions — a net loss of 1 holder — while 73 trimmed existing stakes and 44 added.
The largest buyer was Harel Insurance Investments & Financial Services, opening a new position worth an estimated $95.2M. The largest seller was Envestnet Asset Management, cutting an estimated $159M.
- 179 institutional investors held iShares US Broker-Dealers & Securities Exchanges ETF (IAI) as of Q1 2025, down from 183 in Q4 2024.
- Funds reported $815M of iShares US Broker-Dealers & Securities Exchanges ETF stock for Q1 2025, down 42% quarter-over-quarter.
- 37 funds opened new iShares US Broker-Dealers & Securities Exchanges ETF positions in Q1 2025 and 38 closed out, a net change of -1 holder.
- The largest iShares US Broker-Dealers & Securities Exchanges ETF buyer in Q1 2025 was Harel Insurance Investments & Financial Services, an estimated $95.2M added.
- The largest iShares US Broker-Dealers & Securities Exchanges ETF seller in Q1 2025 was Envestnet Asset Management, an estimated $159M sold.
Based on aggregated 13F filings for Q1 2025.