iShares Russell Top 200 ETF
200 hedge funds and large institutions have $1.23B invested in iShares Russell Top 200 ETF in 2025 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 68 increasing their positions, 69 reducing their positions, and 12 closing their positions.
100% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 12
12% more capital invested
Capital invested by funds: $1.1B → $1.23B (+$137M)
6% more funds holding
Funds holding: 189 → 200 (+11)
1.71% more ownership
Funds ownership: 70% → 71.71% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 16 → 16 (0)
1% less repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 69
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIS
Richmond Investment Services
Mequon,
Wisconsin
|
+$27.1M |
| 2 |
SFS
Searcy Financial Services
Overland Park,
Kansas
|
+$25.2M |
| 3 |
HCA
Heck Capital Advisors
Rhinelander,
Wisconsin
|
+$23.4M |
| 4 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$13.2M |
| 5 |
GKFF
George Kaiser Family Foundation
Tulsa,
Oklahoma
|
+$6.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$23.5M |
| 2 |
EH
Equitable Holdings
New York
|
-$21.1M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$14.9M |
| 4 |
DL
DOHJ LLC
Seattle,
Washington
|
-$13.6M |
| 5 |
ECA
Elevation Capital Advisory
Bend,
Oregon
|
-$8.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACA
201
Aptus Capital Advisors
Fairhope,
Alabama
| $1.99K | – | – | – |
|
|
PCP
202
Proficio Capital Partners
Newton,
Massachusetts
| – | -$23.5M | -170,695 | Closed |
|
|
ECA
203
Elevation Capital Advisory
Bend,
Oregon
| – | -$8.1M | -58,979 | Closed |
|
204
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$5.5M | -40,000 | Closed |
|
|
TCM
205
TABR Capital Management
Orange,
California
| – | -$5.38M | -39,164 | Closed |
|
|
CLGM
206
Capitolis Liquid Global Markets
New York
| – | -$4.23M | -30,800 | Closed |
|
|
QCG
207
Quadrant Capital Group
Cincinnati,
Ohio
| – | -$508K | -3,700 | Closed |
|
208
Renaissance Technologies
New York
| – | -$481K | -3,500 | Closed |
|
209
Jane Street
New York
| – | -$470K | -3,422 | Closed |
|
|
HF
210
HRT Financial
New York
| – | -$403K | -2,940 | Closed |
|
|
NWMG
211
National Wealth Management Group
Cincinnati,
Ohio
| – | -$284K | -2,065 | Closed |
|
|
SPC
212
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$258K | -1,880 | Closed |
|
|
KJHP
213
K.J. Harrison & Partners
Toronto,
Ontario, Canada
| – | -$251K | -1,825 | Closed |
|
IWL Hedge Fund Activity: Q2 2025 in Review
200 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares Russell Top 200 ETF (IWL) for Q2 2025, worth a combined $1.23B — up 12% from $1.1B a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new IWL positions and 12 closed out — a net gain of 12 holders — while 68 added to existing stakes and 69 trimmed.
The largest buyer was Richmond Investment Services, adding an estimated $27.1M. The largest seller was Proficio Capital Partners, exiting entirely with an estimated $23.5M sold.
- 200 institutional investors held iShares Russell Top 200 ETF (IWL) as of Q2 2025, up from 189 in Q1 2025.
- Funds reported $1.23B of iShares Russell Top 200 ETF stock for Q2 2025, up 12% quarter-over-quarter.
- 24 funds opened new iShares Russell Top 200 ETF positions in Q2 2025 and 12 closed out, a net change of +12 holders.
- The largest iShares Russell Top 200 ETF buyer in Q2 2025 was Richmond Investment Services, an estimated $27.1M added.
- The largest iShares Russell Top 200 ETF seller in Q2 2025 was Proficio Capital Partners, an estimated $23.5M sold.
Based on aggregated 13F filings for Q2 2025.