iShares Large Cap Max Buffer Sep ETF
SMAX
34 hedge funds and large institutions have $62M invested in iShares Large Cap Max Buffer Sep ETF in 2026 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 4 increasing their positions, 12 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
6% more funds holding
Funds holding: 32 → 34 (+2)
9.59% less ownership
Funds ownership: 67.4% → 57.8% (-9.6%)
22% less capital invested
Capital invested by funds: $79.2M → $62M (-$17.2M)
67% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 12
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$816K |
| 2 |
CCFM
Clear Creek Financial Management
Silverdale,
Washington
|
+$415K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$387K |
| 4 |
FFA
Farther Finance Advisors
San Francisco,
California
|
+$202K |
| 5 |
DWM
Diversify Wealth Management
Sandy,
Utah
|
+$197K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JLBC
J.L. Bainbridge & Co
Sarasota,
Florida
|
-$11.7M |
| 2 |
BW
BIP Wealth
Atlanta,
Georgia
|
-$2.92M |
| 3 |
Goldman Sachs
New York
|
-$1.41M |
| 4 |
CFC
Client First Capital
San Diego,
California
|
-$1.14M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$607K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DWM
26
Diversify Wealth Management
Sandy,
Utah
| $200K | +$197K | +7,294 | New |
|
|
SWM
27
Spire Wealth Management
Mclean,
Virginia
| $193K | +$54 | +2 | +0% |
|
|
AWM
28
AE Wealth Management
Topeka,
Kansas
| $109K | -$13K | -482 | -11% |
|
|
ASN
29
Advisory Services Network
Atlanta,
Georgia
| $26.8K | +$27K | +1,000 | New |
|
|
ECA
30
Elevated Capital Advisors
Sandy,
Utah
| $4.67K | -$12.8K | -474 | -73% |
|
31
UBS Group
Zurich,
Switzerland
| $4.61K | +$4.65K | +172 | New |
|
|
IA
32
IFP Advisors
Tampa,
Florida
| $1.37K | – | – | – |
|
|
KFG
33
Kingdom Financial Group
Peoria,
Arizona
| $23 | – | – | – |
|
|
LAS
34
Lloyd Advisory Services
Suwanee,
Georgia
| $23 | +$27 | +1 | New |
|
|
35
Goldman Sachs
New York
| – | -$1.41M | -52,436 | Closed |
|
|
KIM
36
Kestra Investment Management
Austin,
Texas
| – | -$389K | -14,445 | Closed |
|
37
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$211K | -7,810 | Closed |
|
38
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$24.3K | -900 | Closed |
|
39
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$11.5K | -425 | Closed |
|
SMAX Hedge Fund Activity: Q1 2026 in Review
34 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in iShares Large Cap Max Buffer Sep ETF (SMAX) for Q1 2026, worth a combined $62M — down 22% from $79.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SMAX positions and 5 closed out — a net gain of 2 holders — while 4 added to existing stakes and 12 trimmed.
The largest buyer was Old Mission Capital, opening a new position worth an estimated $816K. The largest seller was J.L. Bainbridge & Co, cutting an estimated $11.7M.
- 34 institutional investors held iShares Large Cap Max Buffer Sep ETF (SMAX) as of Q1 2026, up from 32 in Q4 2025.
- Funds reported $62M of iShares Large Cap Max Buffer Sep ETF stock for Q1 2026, down 22% quarter-over-quarter.
- 7 funds opened new iShares Large Cap Max Buffer Sep ETF positions in Q1 2026 and 5 closed out, a net change of +2 holders.
- The largest iShares Large Cap Max Buffer Sep ETF buyer in Q1 2026 was Old Mission Capital, an estimated $816K added.
- The largest iShares Large Cap Max Buffer Sep ETF seller in Q1 2026 was J.L. Bainbridge & Co, an estimated $11.7M sold.
Based on aggregated 13F filings for Q1 2026.