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iShares MSCI USA Momentum Factor ETF
MTUM

955 hedge funds and large institutions have $16.9B invested in iShares MSCI USA Momentum Factor ETF in 2025 Q2 according to their latest regulatory filings, with 136 funds opening new positions, 354 increasing their positions, 331 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

178% more first-time investments, than exits

New positions opened: 136 | Existing positions closed: 49

29% more capital invested

Capital invested by funds: $13.1B → $16.9B (+$3.77B)

24% more funds holding in top 10

Funds holding in top 10: 42 → 52 (+10)

9% more funds holding

Funds holding: 880 → 955 (+75)

7% more repeat investments, than reductions

Existing positions increased: 354 | Existing positions reduced: 331

0.61% more ownership

Funds ownership: 94.83% → 95.44% (+0.61%)

79% less call options, than puts

Call options by funds: $57.3M | Put options by funds: $270M

Holders
955
Holders Change
+75
Holders Change %
+8.52%
% of All Funds
12.57%
Holding in Top 10
52
Holding in Top 10 Change
+10
Holding in Top 10 Change %
+23.81%
% of All Funds
0.68%
New
136
Increased
354
Reduced
331
Closed
49
Calls
$57.3M
Puts
$270M
Net Calls
-$212M
Net Calls Change
-$417M

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$239M
2
CM
Churchill Management
California
+$200M
3
OWM
Orgel Wealth Management
Wisconsin
+$144M
4
PAS
Park Avenue Securities
New York
+$99.8M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$84.8M

Top Sellers

Rank Fund Capital Flow
1
Citigroup
Citigroup
New York
-$97.1M
2
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$93.2M
3
BlackRock
BlackRock
New York
-$24.8M
4
SOMRS
State of Michigan Retirement System
Michigan
-$19.4M
5
Franklin Resources
Franklin Resources
California
-$17.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
HI
951
Horizon Investments
North Carolina
$721 +$654 +3 New
RF
952
Robinswood Financial
Washington
$720 – – –
DWM
953
Dogwood Wealth Management
Kansas
$709 +$654 +3 New
NWM
954
Nova Wealth Management
Florida
$481 +$436 +2 New
NSG
955
Nalls Sherbakoff Group
Tennessee
$254 -$2.84K -13 -93%
PFG
956
Premier Financial Group
California
$248 +$218 +1 New
DF
957
Dunhill Financial
United Kingdom
$31 – – –
CAM
958
Creekmur Asset Management
Illinois
$4 – – –
OCBCO
959
Oversea-Chinese Banking Corp (OCBC)
Singapore
– -$11.5M -56,981 Closed
DWM
960
Dynasty Wealth Management
Florida
– -$11.3M -56,095 Closed
Citadel Advisors
961
Citadel Advisors
Florida
– -$10.5M -48,243 Closed
Jane Street
962
Jane Street
New York
– -$8.08M -37,030 Closed
FAM
963
Forte Asset Management
New York
– -$7.33M -36,276 Closed
WAS
964
Wealth Advisory Solutions
Indiana
– -$5.27M -26,081 Closed
ARC
965
Advisor Resource Council
Texas
– -$3.08M -15,770 Closed
TL
966
Tradewinds LLC
North Carolina
– -$3.18M -15,715 Closed
GS
967
GTS Securities
New York
– -$2.7M -13,376 Closed
EF
968
Empowered Funds
Pennsylvania
– -$2.49M -12,307 Closed
LJAC
969
L.J. Altfest & Co
New York
– -$2.13M -10,521 Closed
YIH
970
Y-Intercept (HK)
Hong Kong
– -$2.09M -10,339 Closed
SAM
971
Synergy Asset Management
Washington
– -$1.99M -9,865 Closed
CIAS
972
CBIZ Investment Advisory Services
Ohio
– -$1.45M -7,194 Closed
PDL
973
Portfolio Design Labs
California
– -$1.44M -7,110 Closed
Walleye Trading
974
Walleye Trading
New York
– -$1.37M -6,300 Closed
SG Americas Securities
975
SG Americas Securities
New York
– -$1.21M -6,000 Closed
37 38
39
40 41

MTUM Hedge Fund Activity: Q2 2025 in Review

955 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Momentum Factor ETF (MTUM) for Q2 2025, worth a combined $16.9B — up 29% from $13.1B a quarter earlier.

Buyers outnumbered sellers: 136 funds opened new MTUM positions and 49 closed out — a net gain of 87 holders — while 354 added to existing stakes and 331 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $239M. The largest seller was Citigroup, cutting an estimated $97.1M.

  • 955 institutional investors held iShares MSCI USA Momentum Factor ETF (MTUM) as of Q2 2025, up from 880 in Q1 2025.
  • Funds reported $16.9B of iShares MSCI USA Momentum Factor ETF stock for Q2 2025, up 29% quarter-over-quarter.
  • 136 funds opened new iShares MSCI USA Momentum Factor ETF positions in Q2 2025 and 49 closed out, a net change of +87 holders.
  • The largest iShares MSCI USA Momentum Factor ETF buyer in Q2 2025 was Envestnet Asset Management, an estimated $239M added.
  • The largest iShares MSCI USA Momentum Factor ETF seller in Q2 2025 was Citigroup, an estimated $97.1M sold.

Based on aggregated 13F filings for Q2 2025.