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iShares US Financial Services ETF
IYG

202 hedge funds and large institutions have $682M invested in iShares US Financial Services ETF in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 63 increasing their positions, 63 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

82% more call options, than puts

Call options by funds: $1.3M | Put options by funds: $711K

12.72% more ownership

Funds ownership: 163.96% → 176.68% (+13%)

6% more capital invested

Capital invested by funds: $645M → $682M (+$36.8M)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 63

3% less funds holding

Funds holding: 209 → 202 (-7)

23% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 22

Holders
202
Holders Change
-7
Holders Change %
-3.35%
% of All Funds
3.17%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
17
Increased
63
Reduced
63
Closed
22
Calls
$1.3M
Puts
$711K
Net Calls
+$585K
Net Calls Change
+$1.4M

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$21.9M
2
RIG
RiverFront Investment Group
Virginia
+$16.8M
3
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
+$8.84M
4
BWFA
Baltimore-Washington Financial Advisors
Maryland
+$6.2M
5
Citadel Advisors
Citadel Advisors
Florida
+$5.31M

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$8.32M
2
VFM
Valley Financial Management
New York
-$5.64M
3
Morgan Stanley
Morgan Stanley
New York
-$5.26M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.72M
5
TRCT
Tower Research Capital (TRC)
New York
-$4.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
RIG
1
RiverFront Investment Group
Virginia
$73.3M +$16.8M +331,071 +25%
Bank of America
2
Bank of America
North Carolina
$71M +$21.9M +432,837 +47%
Goldman Sachs
3
Goldman Sachs
New York
$61.5M -$8.32M -164,217 -12%
Morgan Stanley
4
Morgan Stanley
New York
$58.9M -$5.26M -103,743 -8%
Envestnet Asset Management
5
Envestnet Asset Management
Illinois
$40M -$843K -16,629 -2%
RJA
6
Raymond James & Associates
Florida
$30.6M +$2.33M +45,912 +9%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$28.4M +$1.67M +32,898 +7%
Wells Fargo
8
Wells Fargo
California
$20.9M +$145K +2,859 +0.7%
LPL Financial
9
LPL Financial
California
$17M +$96.9K +1,911 +0.6%
BWFA
10
Baltimore-Washington Financial Advisors
Maryland
$17M +$6.2M +122,313 +61%
Janney Montgomery Scott
11
Janney Montgomery Scott
Pennsylvania
$15M +$1.1M +21,717 +8%
UBS Group
12
UBS Group
Switzerland
$14.9M -$1.29M -25,452 -8%
KA
13
Kozak & Associates
Colorado
$10.6M +$239K +4,722 +2%
Bank of Montreal
14
Bank of Montreal
Ontario, Canada
$9.5M -$129K -2,547 -1%
Truist Financial
15
Truist Financial
North Carolina
$9.45M +$736K +14,517 +9%
CAPTRUST Financial Advisors
16
CAPTRUST Financial Advisors
North Carolina
$9.44M +$8.84M +174,438 +3,596%
FWCM
17
Ferguson Wellman Capital Management
Oregon
$9.38M -$190K -3,750 -2%
JP Morgan Chase
18
JP Morgan Chase
New York
$8.09M +$889K +17,550 +13%
BNP Paribas Financial Markets
19
BNP Paribas Financial Markets
France
$7.9M – – –
AFG
20
Arkansas Financial Group
Arkansas
$7.61M +$357K +7,044 +5%
PAG
21
Private Advisor Group
New Jersey
$6.82M -$63.7K -1,257 -1%
SA
22
SAM Advisors
California
$6.56M +$414K +8,169 +7%
HCP
23
Holt Capital Partners
Texas
$6.46M +$171K +3,375 +3%
Citadel Advisors
24
Citadel Advisors
Florida
$6.28M +$5.31M +104,733 +725%
Northwestern Mutual Wealth Management
25
Northwestern Mutual Wealth Management
Wisconsin
$6.26M +$58.5K +1,155 +1%
1
2 3 4 5

IYG Hedge Fund Activity: Q2 2023 in Review

202 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q2 2023, worth a combined $682M — up 5.7% from $645M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of IYG and 17 opened new positions — a net loss of 5 holders — while 63 trimmed existing stakes and 63 added.

The largest buyer was Bank of America, adding an estimated $21.9M. The largest seller was Goldman Sachs, cutting an estimated $8.32M.

  • 202 institutional investors held iShares US Financial Services ETF (IYG) as of Q2 2023, down from 209 in Q1 2023.
  • Funds reported $682M of iShares US Financial Services ETF stock for Q2 2023, up 5.7% quarter-over-quarter.
  • 17 funds opened new iShares US Financial Services ETF positions in Q2 2023 and 22 closed out, a net change of -5 holders.
  • The largest iShares US Financial Services ETF buyer in Q2 2023 was Bank of America, an estimated $21.9M added.
  • The largest iShares US Financial Services ETF seller in Q2 2023 was Goldman Sachs, an estimated $8.32M sold.

Based on aggregated 13F filings for Q2 2023.