iShares MSCI USA Momentum Factor ETF
MTUM
1,053 hedge funds and large institutions have $18.1B invested in iShares MSCI USA Momentum Factor ETF in 2025 Q4 according to their latest regulatory filings, with 170 funds opening new positions, 483 increasing their positions, 257 reducing their positions, and 79 closing their positions.
115% more first-time investments, than exits
New positions opened: 170 | Existing positions closed: 79
88% more repeat investments, than reductions
Existing positions increased: 483 | Existing positions reduced: 257
8% more capital invested
Capital invested by funds: $16.8B → $18.1B (+$1.36B)
7% more funds holding
Funds holding: 984 → 1,053 (+69)
2% more funds holding in top 10
Funds holding in top 10: 49 → 50 (+1)
1.92% more ownership
Funds ownership: 86.48% → 88.41% (+1.9%)
67% less call options, than puts
Call options by funds: $33.3M | Put options by funds: $100M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$424M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$174M |
| 3 |
LPL Financial
San Diego,
California
|
+$164M |
| 4 |
BlackRock
New York
|
+$84.6M |
| 5 |
JP Morgan Chase
New York
|
+$70.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$231M |
| 2 |
Morgan Stanley
New York
|
-$102M |
| 3 |
Goldman Sachs
New York
|
-$92.7M |
| 4 |
SIA
Strategic Investment Advisors
Farmington Hills,
Michigan
|
-$27.6M |
| 5 |
AI
AdvisorShares Investments
Bethesda,
Maryland
|
-$26.4M |
MTUM Hedge Fund Activity: Q4 2025 in Review
1,053 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Momentum Factor ETF (MTUM) for Q4 2025, worth a combined $18.1B — up 8.1% from $16.8B a quarter earlier.
Buyers outnumbered sellers: 170 funds opened new MTUM positions and 79 closed out — a net gain of 91 holders — while 483 added to existing stakes and 257 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $424M. The largest seller was Focus Partners Wealth, cutting an estimated $231M.
- 1,053 institutional investors held iShares MSCI USA Momentum Factor ETF (MTUM) as of Q4 2025, up from 984 in Q3 2025.
- Funds reported $18.1B of iShares MSCI USA Momentum Factor ETF stock for Q4 2025, up 8.1% quarter-over-quarter.
- 170 funds opened new iShares MSCI USA Momentum Factor ETF positions in Q4 2025 and 79 closed out, a net change of +91 holders.
- The largest iShares MSCI USA Momentum Factor ETF buyer in Q4 2025 was Envestnet Asset Management, an estimated $424M added.
- The largest iShares MSCI USA Momentum Factor ETF seller in Q4 2025 was Focus Partners Wealth, an estimated $231M sold.
Based on aggregated 13F filings for Q4 2025.