iShares US Insurance ETF
IAK
149 hedge funds and large institutions have $254M invested in iShares US Insurance ETF in 2025 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 42 increasing their positions, 64 reducing their positions, and 29 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 158 → 149 (-9)
13.76% less ownership
Funds ownership: 65.14% → 51.37% (-14%)
24% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 29
34% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 64
45% less capital invested
Capital invested by funds: $463M → $254M (-$209M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$2.13M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.82M |
| 3 |
CCS
Concentric Capital Strategies
Stamford,
Connecticut
|
+$1.78M |
| 4 |
AC
AlphaCore Capital
La Jolla,
California
|
+$1.37M |
| 5 |
WDL
Well Done LLC
Holland,
Michigan
|
+$951K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$31.4M |
| 2 |
MML Investors Services
Springfield,
Massachusetts
|
-$31M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$13.5M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$12.3M |
| 5 |
WAS
WESPAC Advisors SoCal
Pasadena,
California
|
-$12M |
IAK Hedge Fund Activity: Q4 2025 in Review
149 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in iShares US Insurance ETF (IAK) for Q4 2025, worth a combined $254M — down 45% from $463M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of IAK and 22 opened new positions — a net loss of 7 holders — while 64 trimmed existing stakes and 42 added.
The largest buyer was Jane Street, opening a new position worth an estimated $2.13M. The largest seller was Miracle Mile Advisors, cutting an estimated $31.4M.
- 149 institutional investors held iShares US Insurance ETF (IAK) as of Q4 2025, down from 158 in Q3 2025.
- Funds reported $254M of iShares US Insurance ETF stock for Q4 2025, down 45% quarter-over-quarter.
- 22 funds opened new iShares US Insurance ETF positions in Q4 2025 and 29 closed out, a net change of -7 holders.
- The largest iShares US Insurance ETF buyer in Q4 2025 was Jane Street, an estimated $2.13M added.
- The largest iShares US Insurance ETF seller in Q4 2025 was Miracle Mile Advisors, an estimated $31.4M sold.
Based on aggregated 13F filings for Q4 2025.