iShares US Financial Services ETF
209 hedge funds and large institutions have $645M invested in iShares US Financial Services ETF in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 48 increasing their positions, 91 reducing their positions, and 30 closing their positions.
3.08% less ownership
Funds ownership: 167.04% → 163.96% (-3.1%)
7% less capital invested
Capital invested by funds: $694M → $645M (-$49.2M)
10% less funds holding
Funds holding: 232 → 209 (-23)
47% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 91
53% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 30
57% less funds holding in top 10
Funds holding in top 10: 7 → 3 (-4)
59% less call options, than puts
Call options by funds: $574K | Put options by funds: $1.39M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
+$8.18M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$7.98M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$3.66M |
| 4 |
Millennium Management
New York
|
+$2.17M |
| 5 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$1.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
-$19.9M |
| 2 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$12.5M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$10.5M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$10.4M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$7.44M |
IYG Hedge Fund Activity: Q1 2023 in Review
209 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q1 2023, worth a combined $645M — down 7.1% from $694M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of IYG and 14 opened new positions — a net loss of 16 holders — while 91 trimmed existing stakes and 48 added.
The largest buyer was BNP Paribas Financial Markets, opening a new position worth an estimated $8.18M. The largest seller was Cresset Asset Management, cutting an estimated $19.9M.
- 209 institutional investors held iShares US Financial Services ETF (IYG) as of Q1 2023, down from 232 in Q4 2022.
- Funds reported $645M of iShares US Financial Services ETF stock for Q1 2023, down 7.1% quarter-over-quarter.
- 14 funds opened new iShares US Financial Services ETF positions in Q1 2023 and 30 closed out, a net change of -16 holders.
- The largest iShares US Financial Services ETF buyer in Q1 2023 was BNP Paribas Financial Markets, an estimated $8.18M added.
- The largest iShares US Financial Services ETF seller in Q1 2023 was Cresset Asset Management, an estimated $19.9M sold.
Based on aggregated 13F filings for Q1 2023.