iShares Large Cap Max Buffer Sep ETF

SMAX

Market cap $88.5M

SMAX Hedge Fund Activity: Q1 2026 in Review

34 of the 8,134 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.