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iShares Russell Top 200 ETF
IWL

189 hedge funds and large institutions have $1.1B invested in iShares Russell Top 200 ETF in 2025 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 70 increasing their positions, 61 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 16

23% more funds holding in top 10

Funds holding in top 10: 13 → 16 (+3)

15% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 61

1% more funds holding

Funds holding: 187 → 189 (+2)

0.89% more ownership

Funds ownership: 69.11% → 70% (+0.89%)

4% less capital invested

Capital invested by funds: $1.14B → $1.1B (-$45.5M)

Holders
189
Holders Change
+2
Holders Change %
+1.07%
% of All Funds
2.53%
Holding in Top 10
16
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+23.08%
% of All Funds
0.21%
New
20
Increased
70
Reduced
61
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCP
Proficio Capital Partners
Massachusetts
+$24.8M
2
EH
Equitable Holdings
New York
+$20.8M
3
GKFF
George Kaiser Family Foundation
Oklahoma
+$13.2M
4
Morgan Stanley
Morgan Stanley
New York
+$12.1M
5
Lido Advisors
Lido Advisors
California
+$7.34M

Top Sellers

Rank Fund Capital Flow
1
TF
Tompkins Financial
New York
-$61.6M
2
MCWS
McKinley Carter Wealth Services
West Virginia
-$21.8M
3
GM
GeoWealth Management
Illinois
-$6.81M
4
Osaic Holdings
Osaic Holdings
Arizona
-$6.14M
5
Two Sigma Investments
Two Sigma Investments
New York
-$6.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
ABWM
126
Alpine Bank Wealth Management
Colorado
$344K +$363K +2,500 New
MFF
127
Michels Family Financial
Texas
$332K -$2.47K -17 -0.7%
TFA
128
Toth Financial Advisory
Virginia
$327K – – –
KCM
129
Kendall Capital Management
Maryland
$323K – – –
Corient Private Wealth
130
Corient Private Wealth
Florida
$313K -$20.3K -140 -6%
BFG
131
Bouchey Financial Group
New York
$310K – – –
RA
132
Resolute Advisors
California
$309K +$871 +6 +0.3%
CIA
133
Concurrent Investment Advisors
Florida
$305K +$322K +2,220 New
JWCA
134
J.W. Cole Advisors
Florida
$302K +$114K +788 +56%
NWMG
135
National Wealth Management Group
Ohio
$284K +$31.2K +215 +12%
CIAS
136
Capital Investment Advisory Services
North Carolina
$275K – – –
SPC
137
Sigma Planning Corp
Michigan
$258K +$273K +1,880 New
KJHP
138
K.J. Harrison & Partners
Ontario, Canada
$251K +$265K +1,825 New
OWA
139
Octavia Wealth Advisors
Ohio
$249K – – –
CWM
140
Cornerstone Wealth Management
Missouri
$248K -$21.2K -146 -7%
CAPTRUST Financial Advisors
141
CAPTRUST Financial Advisors
North Carolina
$247K – – –
Kovitz Investment Group Partners
142
Kovitz Investment Group Partners
Illinois
$234K +$247K +1,700 New
AR
143
Apeiron RIA
Texas
$220K +$580 +4 +0.3%
PCA
144
Prosperity Capital Advisors
Ohio
$212K +$223K +1,539 New
MGIA
145
Moneta Group Investment Advisors
Missouri
$212K +$224K +1,542 New
IRC
146
Investors Research Corp
Georgia
$204K +$80.1K +552 +59%
IA
147
IFP Advisors
Florida
$195K -$27.6K -190 -12%
SPIA
148
Steward Partners Investment Advisory
New York
$182K – – –
CWM
149
Centricity Wealth Management
Ohio
$181K – – –
Comerica Bank
150
Comerica Bank
Texas
$133K – – –
4 5
6
7 8

IWL Hedge Fund Activity: Q1 2025 in Review

189 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in iShares Russell Top 200 ETF (IWL) for Q1 2025, worth a combined $1.1B — down 4% from $1.14B a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new IWL positions and 16 closed out — a net gain of 4 holders — while 70 added to existing stakes and 61 trimmed.

The largest buyer was Proficio Capital Partners, opening a new position worth an estimated $24.8M. The largest seller was Tompkins Financial, cutting an estimated $61.6M.

  • 189 institutional investors held iShares Russell Top 200 ETF (IWL) as of Q1 2025, up from 187 in Q4 2024.
  • Funds reported $1.1B of iShares Russell Top 200 ETF stock for Q1 2025, down 4% quarter-over-quarter.
  • 20 funds opened new iShares Russell Top 200 ETF positions in Q1 2025 and 16 closed out, a net change of +4 holders.
  • The largest iShares Russell Top 200 ETF buyer in Q1 2025 was Proficio Capital Partners, an estimated $24.8M added.
  • The largest iShares Russell Top 200 ETF seller in Q1 2025 was Tompkins Financial, an estimated $61.6M sold.

Based on aggregated 13F filings for Q1 2025.