We are live on ! Find out more
IYG icon

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
WTA
176
Washington Trust Advisors
Massachusetts
$9.9K – – –
IRC
177
Investors Research Corp
Georgia
$9.74K – – –
GJIA
178
Glass Jacobson Investment Advisors
Maryland
$9.28K – – –
FRA
179
Front Row Advisors
California
$7.78K – – –
AWM
180
Abound Wealth Management
Tennessee
$7.73K -$4.54K -84 -36%
AIC
181
Archer Investment Corporation
Indiana
$7.73K – – –
IA
182
IFP Advisors
Florida
$7.73K – – –
MFT
183
Moisand Fitzgerald Tamayo
Florida
$7.58K – – –
SL
184
Salomon & Ludwin
Virginia
$7.58K +$7.95K +147 New
TWM
185
Tradition Wealth Management
Minnesota
$7K – – –
HCM
186
Hollencrest Capital Management
California
$6.5K – – –
GIA
187
Goodwin Investment Advisory
Georgia
$6.5K – – –
CFGS
188
Concourse Financial Group Securities
Alabama
$6.38K – – –
DAC
189
Dividend Assets Capital
South Carolina
$6K -$8.28K -153 -56%
HBW
190
Hazlett, Burt & Watson
West Virginia
$6K – – –
CT
191
Colonial Trust
South Carolina
$5.6K – – –
AWM
192
Avior Wealth Management
Nebraska
$5.1K – – –
VWM
193
Venturi Wealth Management
Texas
$3.4K – – –
NMG
194
New Millennium Group
Utah
$3.09K – – –
EDRH
195
Edmond de Rothschild Holding
Switzerland
$2.47K +$2.6K +48 New
LWANC
196
Laurel Wealth Advisors (North Carolina)
North Carolina
$1.55K – – –
KFI
197
Key Financial Inc
Pennsylvania
$928 – – –
BNP Paribas Financial Markets
198
BNP Paribas Financial Markets
France
– -$7.9M -150,000 Closed
KWA
199
Kingswood Wealth Advisors
California
– -$1.06M -74,088 Closed
Jane Street
200
Jane Street
New York
– -$1.85M -35,196 Closed
5 6 7
8
9

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.