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iShares MSCI USA Momentum Factor ETF
MTUM

981 hedge funds and large institutions have $16.8B invested in iShares MSCI USA Momentum Factor ETF in 2025 Q3 according to their latest regulatory filings, with 106 funds opening new positions, 404 increasing their positions, 317 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 106 | Existing positions closed: 62

27% more repeat investments, than reductions

Existing positions increased: 404 | Existing positions reduced: 317

3% more funds holding

Funds holding: 955 → 981 (+26)

1% less capital invested

Capital invested by funds: $16.9B → $16.8B (-$103M)

6% less funds holding in top 10

Funds holding in top 10: 52 → 49 (-3)

8.97% less ownership

Funds ownership: 95.44% → 86.47% (-9%)

73% less call options, than puts

Call options by funds: $122M | Put options by funds: $456M

Holders
981
Holders Change
+26
Holders Change %
+2.72%
% of All Funds
12.88%
Holding in Top 10
49
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-5.77%
% of All Funds
0.64%
New
106
Increased
404
Reduced
317
Closed
62
Calls
$122M
Puts
$456M
Net Calls
-$335M
Net Calls Change
-$123M

Top Buyers

1
Focus Partners Wealth
Focus Partners Wealth
Massachusetts
+$220M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$203M
3
Morgan Stanley
Morgan Stanley
New York
+$181M
4
LPL Financial
LPL Financial
California
+$82.6M
5
Goldman Sachs
Goldman Sachs
New York
+$82.4M

Top Sellers

1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.58B
2
AssetMark Inc
AssetMark Inc
California
-$95.6M
3
CCMG
Clark Capital Management Group
Pennsylvania
-$70.2M
4
Two Sigma Investments
Two Sigma Investments
New York
-$54.8M
5
Citigroup
Citigroup
New York
-$38.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
FW
976
Fairway Wealth
Ohio
$1.03K +$980 +4 New
OC
977
Oakworth Capital
Alabama
$1.03K +$980 +4 New
DWM
978
Dogwood Wealth Management
Kansas
$769 – – –
RF
979
Robinswood Financial
Washington
$769 – – –
EWP
980
Elevation Wealth Partners
California
$515 +$490 +2 New
NSG
981
Nalls Sherbakoff Group
Tennessee
$271 – – –
PAM
982
Palisade Asset Management
Minnesota
$257 +$245 +1 New
PFG
983
Premier Financial Group
California
$255 – – –
CAM
984
Creekmur Asset Management
Illinois
$4 – – –
Two Sigma Investments
985
Two Sigma Investments
New York
– -$54.8M -227,959 Closed
MCM
986
Moore Capital Management
New York
– -$12.7M -53,000 Closed
D.E. Shaw & Co
987
D.E. Shaw & Co
New York
– -$10.4M -43,344 Closed
Renaissance Technologies
988
Renaissance Technologies
New York
– -$5.91M -24,600 Closed
BFG
989
Buttonwood Financial Group
Missouri
– -$5.73M -24,003 Closed
QC
990
Quadrature Capital
United Kingdom
– -$5.77M -23,991 Closed
KWM
991
KFG Wealth Management
Indiana
– -$5.62M -23,374 Closed
SWM
992
Stark Wealth Management
Pennsylvania
– -$2.09M -9,096 Closed
CWA
993
Centennial Wealth Advisory
Michigan
– -$2M -8,458 Closed
SWGC
994
Summit Wealth Group (Colorado)
Colorado
– -$1.76M -7,309 Closed
OAS
995
Optivise Advisory Services
Tennessee
– -$1.57M -6,536 Closed
SXL
996
Summit X LLC
Missouri
– -$1.46M -6,074 Closed
AAP
997
Arax Advisory Partners
Colorado
– -$1.37M -5,706 Closed
WAM
998
Worth Asset Management
Texas
– -$1.2M -4,995 Closed
Asset Management One
999
Asset Management One
Japan
– -$1.1M -4,581 Closed
Belvedere Trading
1000
Belvedere Trading
Illinois
– -$1.03M -4,210 Closed
38 39
40
41 42

MTUM Hedge Fund Activity: Q3 2025 in Review

981 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Momentum Factor ETF (MTUM) for Q3 2025, worth a combined $16.8B — down 0.61% from $16.9B a quarter earlier.

Buyers outnumbered sellers: 106 funds opened new MTUM positions and 62 closed out — a net gain of 44 holders — while 404 added to existing stakes and 317 trimmed.

The largest buyer was Focus Partners Wealth, adding an estimated $220M. The largest seller was Envestnet Asset Management, cutting an estimated $1.58B.

  • 981 institutional investors held iShares MSCI USA Momentum Factor ETF (MTUM) as of Q3 2025, up from 955 in Q2 2025.
  • Funds reported $16.8B of iShares MSCI USA Momentum Factor ETF stock for Q3 2025, down 0.61% quarter-over-quarter.
  • 106 funds opened new iShares MSCI USA Momentum Factor ETF positions in Q3 2025 and 62 closed out, a net change of +44 holders.
  • The largest iShares MSCI USA Momentum Factor ETF buyer in Q3 2025 was Focus Partners Wealth, an estimated $220M added.
  • The largest iShares MSCI USA Momentum Factor ETF seller in Q3 2025 was Envestnet Asset Management, an estimated $1.58B sold.

Based on aggregated 13F filings for Q3 2025.