iShares Large Cap Max Buffer Sep ETF
SMAX
32 hedge funds and large institutions have $79.2M invested in iShares Large Cap Max Buffer Sep ETF in 2025 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 11 increasing their positions, 2 reducing their positions, and 7 closing their positions.
450% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 2
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
40% more capital invested
Capital invested by funds: $56.8M → $79.2M (+$22.4M)
23% more funds holding
Funds holding: 26 → 32 (+6)
3.26% less ownership
Funds ownership: 70.65% → 67.4% (-3.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JLBC
J.L. Bainbridge & Co
Sarasota,
Florida
|
+$12.8M |
| 2 |
BW
BIP Wealth
Atlanta,
Georgia
|
+$4.44M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$2.55M |
| 4 |
FA
FC Advisory
West Chester,
Pennsylvania
|
+$1.48M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SB
Strategic Blueprint
Atlanta,
Georgia
|
-$2.57M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$930K |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$671K |
| 4 |
SCA
Snowden Capital Advisors
New York
|
-$307K |
| 5 |
SAW
Signal Advisors Wealth
Detroit,
Michigan
|
-$264K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWM
26
Spire Wealth Management
Mclean,
Virginia
| $194K | +$194K | +7,196 | New |
|
|
AWM
27
AE Wealth Management
Topeka,
Kansas
| $123K | -$58.6K | -2,173 | -32% |
|
28
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $24.3K | +$24.3K | +900 | New |
|
|
ECA
29
Elevated Capital Advisors
Sandy,
Utah
| $17.5K | +$17.5K | +648 | New |
|
30
National Bank of Canada
Montreal,
Quebec, Canada
| $11.5K | – | – | – |
|
|
IA
31
IFP Advisors
Tampa,
Florida
| $1.38K | – | – | – |
|
|
KFG
32
Kingdom Financial Group
Peoria,
Arizona
| $23 | +$27 | +1 | New |
|
|
SB
33
Strategic Blueprint
Atlanta,
Georgia
| – | -$2.57M | -95,847 | Closed |
|
|
34
Citadel Advisors
Miami,
Florida
| – | -$930K | -34,722 | Closed |
|
|
OMC
35
Old Mission Capital
Chicago,
Illinois
| – | -$671K | -25,066 | Closed |
|
|
SCA
36
Snowden Capital Advisors
New York
| – | -$307K | -11,466 | Closed |
|
|
SAW
37
Signal Advisors Wealth
Detroit,
Michigan
| – | -$264K | -9,853 | Closed |
|
|
ASN
38
Advisory Services Network
Atlanta,
Georgia
| – | -$36.2K | -1,350 | Closed |
|
39
UBS Group
Zurich,
Switzerland
| – | -$2.62K | -98 | Closed |
|
SMAX Hedge Fund Activity: Q4 2025 in Review
32 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in iShares Large Cap Max Buffer Sep ETF (SMAX) for Q4 2025, worth a combined $79.2M — up 40% from $56.8M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new SMAX positions and 7 closed out — a net gain of 6 holders — while 11 added to existing stakes and 2 trimmed.
The largest buyer was J.L. Bainbridge & Co, adding an estimated $12.8M. The largest seller was Strategic Blueprint, exiting entirely with an estimated $2.57M sold.
- 32 institutional investors held iShares Large Cap Max Buffer Sep ETF (SMAX) as of Q4 2025, up from 26 in Q3 2025.
- Funds reported $79.2M of iShares Large Cap Max Buffer Sep ETF stock for Q4 2025, up 40% quarter-over-quarter.
- 13 funds opened new iShares Large Cap Max Buffer Sep ETF positions in Q4 2025 and 7 closed out, a net change of +6 holders.
- The largest iShares Large Cap Max Buffer Sep ETF buyer in Q4 2025 was J.L. Bainbridge & Co, an estimated $12.8M added.
- The largest iShares Large Cap Max Buffer Sep ETF seller in Q4 2025 was Strategic Blueprint, an estimated $2.57M sold.
Based on aggregated 13F filings for Q4 2025.