iShares US Financial Services ETF
226 hedge funds and large institutions have $842M invested in iShares US Financial Services ETF in 2024 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 46 increasing their positions, 104 reducing their positions, and 19 closing their positions.
42% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 19
13% more call options, than puts
Call options by funds: $709K | Put options by funds: $630K
12% more capital invested
Capital invested by funds: $750M → $842M (+$92.3M)
3% more funds holding
Funds holding: 219 → 226 (+7)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
56% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 104
121.62% less ownership
Funds ownership: 182.6% → 60.98% (-122%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
+$9.32M |
| 2 |
Rockefeller Capital Management
New York
|
+$7.04M |
| 3 |
LPL Financial
San Diego,
California
|
+$2.9M |
| 4 |
Jane Street
New York
|
+$2.23M |
| 5 |
EH
Equitable Holdings
New York
|
+$1.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$6.9M |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
-$6.75M |
| 3 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$6.03M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$4.48M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$3.78M |
IYG Hedge Fund Activity: Q1 2024 in Review
226 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q1 2024, worth a combined $842M — up 12% from $750M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new IYG positions and 19 closed out — a net gain of 8 holders — while 46 added to existing stakes and 104 trimmed.
The largest buyer was BNP Paribas Financial Markets, opening a new position worth an estimated $9.32M. The largest seller was Envestnet Asset Management, cutting an estimated $6.9M.
- 226 institutional investors held iShares US Financial Services ETF (IYG) as of Q1 2024, up from 219 in Q4 2023.
- Funds reported $842M of iShares US Financial Services ETF stock for Q1 2024, up 12% quarter-over-quarter.
- 27 funds opened new iShares US Financial Services ETF positions in Q1 2024 and 19 closed out, a net change of +8 holders.
- The largest iShares US Financial Services ETF buyer in Q1 2024 was BNP Paribas Financial Markets, an estimated $9.32M added.
- The largest iShares US Financial Services ETF seller in Q1 2024 was Envestnet Asset Management, an estimated $6.9M sold.
Based on aggregated 13F filings for Q1 2024.