iShares US Financial Services ETF
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$38.7M |
| 2 |
Goldman Sachs
New York
|
+$32.7M |
| 3 |
CWM
Circle Wealth Management
Summit,
New Jersey
|
+$15.9M |
| 4 |
Millennium Management
New York
|
+$3.06M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$23.8M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$7.9M |
| 3 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$6.32M |
| 4 |
Morgan Stanley
New York
|
-$4.55M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$4.07M |
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.