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iShares US Insurance ETF
IAK

94 hedge funds and large institutions have $318M invested in iShares US Insurance ETF in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 30 increasing their positions, 39 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

558% more call options, than puts

Call options by funds: $283K | Put options by funds: $43K

2.6% more ownership

Funds ownership: 69.16% → 71.76% (+2.6%)

2% less funds holding

Funds holding: 96 → 94 (-2)

11% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 18

18% less capital invested

Capital invested by funds: $389M → $318M (-$70.5M)

23% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 39

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
94
Holders Change
-2
Holders Change %
-2.08%
% of All Funds
1.5%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
16
Increased
30
Reduced
39
Closed
18
Calls
$283K
Puts
$43K
Net Calls
+$240K
Net Calls Change
+$240K

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$4.57M
2
Bank of America
Bank of America
North Carolina
+$2.79M
3
Citadel Advisors
Citadel Advisors
Florida
+$2.52M
4
HighTower Advisors
HighTower Advisors
Illinois
+$2.3M
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$2.02M

Top Sellers

1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$22.2M
2
MCM
Mainstay Capital Management
Michigan
-$21.6M
3
UBS Group
UBS Group
Switzerland
-$4.16M
4
Morgan Stanley
Morgan Stanley
New York
-$3.57M
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
LG
26
Leuthold Group
Minnesota
$2.32M +$267K +2,936 +12%
FEM
27
Fulcrum Equity Management
Texas
$2.29M -$204K -2,245 -8%
HighTower Advisors
28
HighTower Advisors
Illinois
$2.17M +$2.3M +25,326 New
RA
29
RFG Advisory
Alabama
$1.93M +$107K +1,175 +5%
EH
30
Equitable Holdings
New York
$1.77M +$428K +4,718 +30%
SAM
31
SP Asset Management
California
$1.7M -$53.7K -592 -3%
FTUS
32
Flow Traders U.S.
New York
$1.69M +$1.79M +19,683 New
CCG
33
Capital CS Group
California
$1.51M -$121K -1,330 -7%
BHB
34
Bank Hapoalim BM
Israel
$1.43M -$88.1K -970 -6%
LCGC
35
Legacy Capital Group California
California
$1.39M +$1.47M +16,236 New
HBT
36
Hills Bank & Trust
Iowa
$1.38M -$43.3K -477 -3%
Janney Montgomery Scott
37
Janney Montgomery Scott
Pennsylvania
$1.28M -$28.9K -318 -2%
AI
38
Atria Investments
North Carolina
$1.26M +$147K +1,618 +12%
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$1.25M +$323K +3,559 +32%
RJA
40
Raymond James & Associates
Florida
$1.19M -$473K -5,206 -27%
Mariner
41
Mariner
Kansas
$1.02M +$3.63K +40 +0.3%
SAF
42
Smith Anglin Financial
Texas
$866K +$635 +7 +0.1%
Vontobel Holding
43
Vontobel Holding
Switzerland
$856K -$908K -10,000 -50%
TI
44
TTP Investments
California
$829K -$35.9K -396 -4%
Truist Financial
45
Truist Financial
North Carolina
$778K +$54.1K +596 +7%
CAGAS
46
Capital Advisory Group Advisory Services
Minnesota
$768K +$47K +518 +6%
RVM
47
Robinson Value Management
Texas
$662K +$701K +7,726 New
Marshall Wace
48
Marshall Wace
United Kingdom
$651K +$690K +7,600 New
EFS
49
Essex Financial Services
Connecticut
$647K -$156K -1,721 -19%
GCA
50
Genesee Capital Advisors
New York
$640K +$45.8K +505 +7%
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IAK Hedge Fund Activity: Q1 2023 in Review

94 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in iShares US Insurance ETF (IAK) for Q1 2023, worth a combined $318M — down 18% from $389M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of IAK and 16 opened new positions — a net loss of 2 holders — while 39 trimmed existing stakes and 30 added.

The largest buyer was Royal Bank of Canada, adding an estimated $4.57M. The largest seller was Bank of Montreal, cutting an estimated $22.2M.

  • 94 institutional investors held iShares US Insurance ETF (IAK) as of Q1 2023, down from 96 in Q4 2022.
  • Funds reported $318M of iShares US Insurance ETF stock for Q1 2023, down 18% quarter-over-quarter.
  • 16 funds opened new iShares US Insurance ETF positions in Q1 2023 and 18 closed out, a net change of -2 holders.
  • The largest iShares US Insurance ETF buyer in Q1 2023 was Royal Bank of Canada, an estimated $4.57M added.
  • The largest iShares US Insurance ETF seller in Q1 2023 was Bank of Montreal, an estimated $22.2M sold.

Based on aggregated 13F filings for Q1 2023.