iShares Russell 2000 ETF
IWM
2,429 hedge funds and large institutions have $65.9B invested in iShares Russell 2000 ETF in 2025 Q3 according to their latest regulatory filings, with 222 funds opening new positions, 799 increasing their positions, 964 reducing their positions, and 114 closing their positions.
95% more first-time investments, than exits
New positions opened: 222 | Existing positions closed: 114
6% more funds holding in top 10
Funds holding in top 10: 152 → 161 (+9)
3% more funds holding
Funds holding: 2,362 → 2,429 (+67)
4% more capital invested
Capital invested by funds: $63.4B → $65.9B (+$2.51B)
4.12% less ownership
Funds ownership: 98.99% → 94.87% (-4.1%)
17% less repeat investments, than reductions
Existing positions increased: 799 | Existing positions reduced: 964
59% less call options, than puts
Call options by funds: $51.4B | Put options by funds: $126B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$451M |
| 2 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$328M |
| 3 |
Citigroup
New York
|
+$312M |
| 4 |
VMPIC
Varma Mutual Pension Insurance Co
Helsinki,
Finland
|
+$302M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$221M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$1.57B |
| 2 |
Holocene Advisors
New York
|
-$1.23B |
| 3 |
Jones Financial Companies
Des Peres,
Missouri
|
-$871M |
| 4 |
Morgan Stanley
New York
|
-$622M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$563M |
IWM Hedge Fund Activity: Q3 2025 in Review
2,429 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in iShares Russell 2000 ETF (IWM) for Q3 2025, worth a combined $65.9B — up 4% from $63.4B a quarter earlier.
Buyers outnumbered sellers: 222 funds opened new IWM positions and 114 closed out — a net gain of 108 holders — while 799 added to existing stakes and 964 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $451M. The largest seller was Goldman Sachs, cutting an estimated $1.57B.
- 2,429 institutional investors held iShares Russell 2000 ETF (IWM) as of Q3 2025, up from 2,362 in Q2 2025.
- Funds reported $65.9B of iShares Russell 2000 ETF stock for Q3 2025, up 4% quarter-over-quarter.
- 222 funds opened new iShares Russell 2000 ETF positions in Q3 2025 and 114 closed out, a net change of +108 holders.
- The largest iShares Russell 2000 ETF buyer in Q3 2025 was Royal Bank of Canada, an estimated $451M added.
- The largest iShares Russell 2000 ETF seller in Q3 2025 was Goldman Sachs, an estimated $1.57B sold.
Based on aggregated 13F filings for Q3 2025.