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iShares US Financial Services ETF
IYG

196 hedge funds and large institutions have $706M invested in iShares US Financial Services ETF in 2023 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 35 increasing their positions, 75 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more call options, than puts

Call options by funds: $727K | Put options by funds: $572K

10.68% more ownership

Funds ownership: 176.68% → 187.36% (+11%)

4% more capital invested

Capital invested by funds: $682M → $706M (+$24.4M)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

3% less funds holding

Funds holding: 202 → 196 (-6)

22% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 18

53% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 75

Holders
196
Holders Change
-6
Holders Change %
-2.97%
% of All Funds
3.11%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
14
Increased
35
Reduced
75
Closed
18
Calls
$727K
Puts
$572K
Net Calls
+$155K
Net Calls Change
-$430K

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$38.7M
2
Goldman Sachs
Goldman Sachs
New York
+$32.7M
3
CWM
Circle Wealth Management
New Jersey
+$15.9M
4
Millennium Management
Millennium Management
New York
+$3.06M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.49M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$23.8M
2
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$7.9M
3
RIG
RiverFront Investment Group
Virginia
-$6.32M
4
Morgan Stanley
Morgan Stanley
New York
-$4.55M
5
Citadel Advisors
Citadel Advisors
Florida
-$4.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
GM
51
GeoWealth Management
Illinois
$1.36M -$26.9K -498 -2%
PP
52
Patten & Patten
Tennessee
$1.31M – – –
SFA
53
Source Financial Advisors
New York
$1.28M -$113K -2,094 -8%
CAN
54
Cetera Advisor Networks
California
$1.27M -$53.1K -981 -4%
Comerica Bank
55
Comerica Bank
Texas
$1.26M +$1.32M +24,366 New
SI
56
Stephens Inc
Arkansas
$1.19M -$1.62K -30 -0.1%
IWM
57
IHT Wealth Management
Illinois
$1.19M -$12.2K -225 -1%
Creative Planning
58
Creative Planning
Kansas
$1.18M -$14.9K -276 -1%
Koshinski Asset Management
59
Koshinski Asset Management
Illinois
$1.15M +$4.71K +87 +0.4%
Cambridge Investment Research Advisors
60
Cambridge Investment Research Advisors
Iowa
$1.14M -$165K -3,045 -12%
CIBC World Market
61
CIBC World Market
Ontario, Canada
$1M -$499K -9,222 -32%
ASN
62
Advisory Services Network
Georgia
$969K -$14.3K -264 -1%
FFN
63
Focus Financial Network
Minnesota
$933K -$54K -999 -5%
CCA
64
Cottonwood Capital Advisors
Utah
$928K -$53.5K -990 -5%
CCA
65
Cobblestone Capital Advisors
New York
$923K -$40.6K -750 -4%
Fidelity Investments
66
Fidelity Investments
Massachusetts
$793K +$164K +3,027 +25%
Prudential Financial
67
Prudential Financial
New Jersey
$753K +$113K +2,088 +17%
Thrivent Financial for Lutherans
68
Thrivent Financial for Lutherans
Minnesota
$752K -$25.2K -465 -3%
LGWM
69
Litman Gregory Wealth Management
California
$741K – – –
Carson Wealth (CWM LLC)
70
Carson Wealth (CWM LLC)
Nebraska
$736K -$41.2K -762 -5%
GPA
71
Garrison Point Advisors
California
$729K -$5.68K -105 -0.7%
National Bank of Canada
72
National Bank of Canada
Quebec, Canada
$713K -$79K -1,461 -9%
SFG
73
Summit Financial Group
West Virginia
$687K – – –
MML Investors Services
74
MML Investors Services
Massachusetts
$670K +$1.78K +33 +0.3%
BHB
75
Bank Hapoalim BM
Israel
$667K -$45.1K -834 -6%
1 2
3
4 5

IYG Hedge Fund Activity: Q3 2023 in Review

196 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q3 2023, worth a combined $706M — up 3.6% from $682M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of IYG and 14 opened new positions — a net loss of 4 holders — while 75 trimmed existing stakes and 35 added.

The largest buyer was Envestnet Asset Management, adding an estimated $38.7M. The largest seller was Bank of America, cutting an estimated $23.8M.

  • 196 institutional investors held iShares US Financial Services ETF (IYG) as of Q3 2023, down from 202 in Q2 2023.
  • Funds reported $706M of iShares US Financial Services ETF stock for Q3 2023, up 3.6% quarter-over-quarter.
  • 14 funds opened new iShares US Financial Services ETF positions in Q3 2023 and 18 closed out, a net change of -4 holders.
  • The largest iShares US Financial Services ETF buyer in Q3 2023 was Envestnet Asset Management, an estimated $38.7M added.
  • The largest iShares US Financial Services ETF seller in Q3 2023 was Bank of America, an estimated $23.8M sold.

Based on aggregated 13F filings for Q3 2023.