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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
158
Holders Change
-17
Holders Change %
-9.71%
% of All Funds
2.07%
Holding in Top 10
1
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-75%
% of All Funds
0.01%
New
20
Increased
58
Reduced
57
Closed
32
Calls
$27K
Puts
$54K
Net Calls
-$27K
Net Calls Change
-$27K

Top Buyers

Rank Fund Capital Flow
1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$11M
2
MMA
Miracle Mile Advisors
California
+$3.3M
3
MML Investors Services
MML Investors Services
Massachusetts
+$2.21M
4
PA
PFG Advisors
Arizona
+$1.75M
5
HF
HRT Financial
New York
+$1.61M

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$12.4M
2
Wells Fargo
Wells Fargo
California
-$9.84M
3
AWA
Adapt Wealth Advisors
Georgia
-$8.63M
4
CM
Castleark Management
Illinois
-$7.27M
5
FFS
Founders Financial Securities
Maryland
-$4.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
151
IFP Advisors
Florida
$4.69K +$1.7K +13 +59%
CIAS
152
Capital Investment Advisory Services
North Carolina
$4.31K +$2.49K +19 +146%
ETC
153
Exchange Traded Concepts
Oklahoma
$3.89K -$45.8K -350 -92%
AWM
154
AE Wealth Management
Kansas
$3.62K -$24.9K -190 -88%
VNA
155
Valley National Advisers
Pennsylvania
$3K +$3.79K +29 New
GA
156
Guerra Advisors
Florida
$2.55K +$2.49K +19 New
HNW
157
High Note Wealth
Minnesota
$2.08K – – –
PS
158
Principal Securities
Iowa
$1.07K – – –
AWA
159
Adapt Wealth Advisors
Georgia
– -$8.63M -64,165 Closed
CM
160
Castleark Management
Illinois
– -$7.27M -54,070 Closed
FFS
161
Founders Financial Securities
Maryland
– -$4.9M -36,444 Closed
PWM
162
Peterson Wealth Management
Nevada
– -$3.43M -25,478 Closed
GPFA
163
Game Plan Financial Advisors
Ohio
– -$2.64M -19,655 Closed
VA
164
VestGen Advisors
Illinois
– -$2.1M -15,648 Closed
Jane Street
165
Jane Street
New York
– -$2.05M -15,224 Closed
CWM
166
Chicago Wealth Management
Illinois
– -$1.93M -14,345 Closed
ES
167
Eagle Strategies
New York
– -$1.88M -13,972 Closed
LJCM
168
Lee Johnson Capital Management
Texas
– -$1.31M -9,779 Closed
FMP
169
Financial Management Professionals
Texas
– -$1.03M -7,674 Closed
BI
170
Bramshill Investments
Florida
– -$1.01M -7,500 Closed
FEM
171
Fulcrum Equity Management
Texas
– -$854K -6,351 Closed
FGA
172
Fortis Group Advisors
New Jersey
– -$760K -5,962 Closed
ECA
173
Elevate Capital Advisors
Colorado
– -$689K -5,125 Closed
FTUS
174
Flow Traders U.S.
New York
– -$671K -4,991 Closed
EA
175
Efficient Advisors
Ohio
– -$606K -4,504 Closed
4 5 6
7
8

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.