iShares MSCI USA Momentum Factor ETF
MTUM
619 hedge funds and large institutions have $7.17B invested in iShares MSCI USA Momentum Factor ETF in 2023 Q3 according to their latest regulatory filings, with 53 funds opening new positions, 138 increasing their positions, 309 reducing their positions, and 72 closing their positions.
3.45% more ownership
Funds ownership: 83.74% → 87.19% (+3.4%)
4% less funds holding
Funds holding: 647 → 619 (-28)
4% less funds holding in top 10
Funds holding in top 10: 45 → 43 (-2)
6% less capital invested
Capital invested by funds: $7.66B → $7.17B (-$488M)
26% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 72
31% less call options, than puts
Call options by funds: $3.93M | Put options by funds: $5.68M
55% less repeat investments, than reductions
Existing positions increased: 138 | Existing positions reduced: 309
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$132M |
| 2 |
Mercer Global Advisors
Denver,
Colorado
|
+$45.9M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$40M |
| 4 |
AAS
Ameritas Advisory Services
Lincoln,
Nebraska
|
+$26.9M |
| 5 |
I
INVST
Indianapolis,
Indiana
|
+$25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$77.5M |
| 2 |
OFG
Oxford Financial Group
Carmel,
Indiana
|
-$60.9M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$51.6M |
| 4 |
GC
GFG Capital
Miami,
Florida
|
-$50.5M |
| 5 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
-$48.1M |
MTUM Hedge Fund Activity: Q3 2023 in Review
619 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Momentum Factor ETF (MTUM) for Q3 2023, worth a combined $7.17B — down 6.4% from $7.66B a quarter earlier.
Sellers outnumbered buyers: 72 funds closed out of MTUM and 53 opened new positions — a net loss of 19 holders — while 309 trimmed existing stakes and 138 added.
The largest buyer was Wealth Enhancement Advisory Services, adding an estimated $132M. The largest seller was Bank of America, cutting an estimated $77.5M.
- 619 institutional investors held iShares MSCI USA Momentum Factor ETF (MTUM) as of Q3 2023, down from 647 in Q2 2023.
- Funds reported $7.17B of iShares MSCI USA Momentum Factor ETF stock for Q3 2023, down 6.4% quarter-over-quarter.
- 53 funds opened new iShares MSCI USA Momentum Factor ETF positions in Q3 2023 and 72 closed out, a net change of -19 holders.
- The largest iShares MSCI USA Momentum Factor ETF buyer in Q3 2023 was Wealth Enhancement Advisory Services, an estimated $132M added.
- The largest iShares MSCI USA Momentum Factor ETF seller in Q3 2023 was Bank of America, an estimated $77.5M sold.
Based on aggregated 13F filings for Q3 2023.