iShares US Insurance ETF
IAK
158 hedge funds and large institutions have $463M invested in iShares US Insurance ETF in 2025 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 58 increasing their positions, 57 reducing their positions, and 32 closing their positions.
1.19% more ownership
Funds ownership: 63.94% → 65.14% (+1.2%)
2% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 57
10% less funds holding
Funds holding: 175 → 158 (-17)
12% less capital invested
Capital invested by funds: $524M → $463M (-$61.1M)
38% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 32
50% less call options, than puts
Call options by funds: $27K | Put options by funds: $54K
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$11M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$3.3M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
+$2.21M |
| 4 |
PA
PFG Advisors
Phoenix,
Arizona
|
+$1.75M |
| 5 |
HF
HRT Financial
New York
|
+$1.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$12.4M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$9.84M |
| 3 |
AWA
Adapt Wealth Advisors
Atlanta,
Georgia
|
-$8.63M |
| 4 |
CM
Castleark Management
Chicago,
Illinois
|
-$7.27M |
| 5 |
FFS
Founders Financial Securities
Towson,
Maryland
|
-$4.9M |
IAK Hedge Fund Activity: Q3 2025 in Review
158 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in iShares US Insurance ETF (IAK) for Q3 2025, worth a combined $463M — down 12% from $524M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of IAK and 20 opened new positions — a net loss of 12 holders — while 57 trimmed existing stakes and 58 added.
The largest buyer was Commonwealth Equity Services, adding an estimated $11M. The largest seller was LPL Financial, cutting an estimated $12.4M.
- 158 institutional investors held iShares US Insurance ETF (IAK) as of Q3 2025, down from 175 in Q2 2025.
- Funds reported $463M of iShares US Insurance ETF stock for Q3 2025, down 12% quarter-over-quarter.
- 20 funds opened new iShares US Insurance ETF positions in Q3 2025 and 32 closed out, a net change of -12 holders.
- The largest iShares US Insurance ETF buyer in Q3 2025 was Commonwealth Equity Services, an estimated $11M added.
- The largest iShares US Insurance ETF seller in Q3 2025 was LPL Financial, an estimated $12.4M sold.
Based on aggregated 13F filings for Q3 2025.