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iShares US Financial Services ETF
IYG

249 hedge funds and large institutions have $1.12B invested in iShares US Financial Services ETF in 2025 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 83 increasing their positions, 79 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more call options, than puts

Call options by funds: $5.36M | Put options by funds: $4.29M

6% more capital invested

Capital invested by funds: $1.05B → $1.12B (+$68.3M)

5% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 79

0.26% less ownership

Funds ownership: 62.21% → 61.94% (-0.26%)

8% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 24

2% less funds holding

Funds holding: 253 → 249 (-4)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
249
Holders Change
-4
Holders Change %
-1.58%
% of All Funds
3.28%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.05%
New
22
Increased
83
Reduced
79
Closed
24
Calls
$5.36M
Puts
$4.29M
Net Calls
+$1.07M
Net Calls Change
+$10K

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$8.58M
2
PCH
PGIM Custom Harvest
New Jersey
+$7.18M
3
Two Sigma Investments
Two Sigma Investments
New York
+$4.28M
4
KA
Kozak & Associates
Colorado
+$3.96M
5
FIA
Foundations Investment Advisors
Arizona
+$1.63M

Top Sellers

Rank Fund Capital Flow
1
RIG
RiverFront Investment Group
Virginia
-$16.5M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$10.4M
3
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$7.86M
4
Raymond James Financial
Raymond James Financial
Florida
-$5.17M
5
UBS Group
UBS Group
Switzerland
-$3.83M
Name Holding Trade Value Shares
Change 		Change in
Stake
DADC
126
D.A. Davidson & Co
Montana
$353K – – –
SPIA
127
Steward Partners Investment Advisory
New York
$343K +$98.6K +1,243 +45%
CB
128
Commerce Bank
Missouri
$338K – – –
CRC
129
Curi RMB Capital
Illinois
$337K +$91.1K +1,148 +41%
CF
130
Centaurus Financial
California
$337K +$4.68K +59 +2%
HSA
131
HBK Sorce Advisory
Pennsylvania
$328K -$8.72K -110 -3%
SFM
132
Signet Financial Management
New Jersey
$326K +$11.4K +144 +4%
OFS
133
Orrstown Financial Services
Pennsylvania
$315K +$292K +3,683 New
P
134
&Partners
Tennessee
$315K -$397 -5 -0.1%
MFG
135
Magnus Financial Group
New York
$313K +$49.5K +624 +21%
CPIG
136
Chicago Partners Investment Group
Illinois
$309K +$159 +2 +0.1%
PCIA
137
Prime Capital Investment Advisors
Kansas
$300K -$24K -302 -8%
VA
138
Valmark Advisers
Ohio
$297K +$15.5K +195 +6%
LSA
139
Lion Street Advisors
Texas
$290K – – –
AIM
140
Athena Investment Management
California
$286K – – –
ICP
141
Interchange Capital Partners
Pennsylvania
$282K -$10.2K -129 -4%
VFA
142
Valeo Financial Advisors
Indiana
$280K +$260K +3,273 New
Lido Advisors
143
Lido Advisors
California
$275K – – –
ADL
144
Asset Dedication LLC
California
$275K – – –
SM
145
Sensible Money
Arizona
$275K – – –
WFL
146
Wealth Forward LLC
North Dakota
$271K – – –
SFC
147
Swisher Financial Concepts
Ohio
$265K – – –
WA
148
Waverly Advisors
Alabama
$264K +$245K +3,085 New
UBP
149
Union Bancaire Privee
Switzerland
$254K – – –
BDF
150
Black Diamond Financial
Maryland
$251K – – –
4 5
6
7 8

IYG Hedge Fund Activity: Q2 2025 in Review

249 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q2 2025, worth a combined $1.12B — up 6.5% from $1.05B a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of IYG and 22 opened new positions — a net loss of 2 holders — while 79 trimmed existing stakes and 83 added.

The largest buyer was Morgan Stanley, adding an estimated $8.58M. The largest seller was RiverFront Investment Group, cutting an estimated $16.5M.

  • 249 institutional investors held iShares US Financial Services ETF (IYG) as of Q2 2025, down from 253 in Q1 2025.
  • Funds reported $1.12B of iShares US Financial Services ETF stock for Q2 2025, up 6.5% quarter-over-quarter.
  • 22 funds opened new iShares US Financial Services ETF positions in Q2 2025 and 24 closed out, a net change of -2 holders.
  • The largest iShares US Financial Services ETF buyer in Q2 2025 was Morgan Stanley, an estimated $8.58M added.
  • The largest iShares US Financial Services ETF seller in Q2 2025 was RiverFront Investment Group, an estimated $16.5M sold.

Based on aggregated 13F filings for Q2 2025.