iShares Large Cap Max Buffer Sep ETF
SMAX
37 hedge funds and large institutions have $52M invested in iShares Large Cap Max Buffer Sep ETF in 2026 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 3 increasing their positions, 11 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
9% more funds holding
Funds holding: 34 → 37 (+3)
0.87% less ownership
Funds ownership: 57.8% → 56.93% (-0.87%)
16% less capital invested
Capital invested by funds: $62M → $52M (-$9.99M)
73% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.13M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$439K |
| 3 |
KIM
Kestra Investment Management
Austin,
Texas
|
+$407K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$248K |
| 5 |
KPWS
Kestra Private Wealth Services
Austin,
Texas
|
+$248K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JLBC
J.L. Bainbridge & Co
Sarasota,
Florida
|
-$12.4M |
| 2 |
BW
BIP Wealth
Atlanta,
Georgia
|
-$1.52M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$541K |
| 4 |
BSCCG
Blue Sky Capital Consultants Group
Poway,
California
|
-$321K |
| 5 |
CFC
Client First Capital
San Diego,
California
|
-$39.2K |
SMAX Hedge Fund Activity: Q2 2026 in Review
37 of the 8,317 institutional investors tracked by Wall St. Rank reported a position in iShares Large Cap Max Buffer Sep ETF (SMAX) for Q2 2026, worth a combined $52M — down 16% from $62M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SMAX positions and 4 closed out — a net gain of 3 holders — while 3 added to existing stakes and 11 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $1.13M. The largest seller was J.L. Bainbridge & Co, cutting an estimated $12.4M.
- 37 institutional investors held iShares Large Cap Max Buffer Sep ETF (SMAX) as of Q2 2026, up from 34 in Q1 2026.
- Funds reported $52M of iShares Large Cap Max Buffer Sep ETF stock for Q2 2026, down 16% quarter-over-quarter.
- 7 funds opened new iShares Large Cap Max Buffer Sep ETF positions in Q2 2026 and 4 closed out, a net change of +3 holders.
- The largest iShares Large Cap Max Buffer Sep ETF buyer in Q2 2026 was Susquehanna International Group, an estimated $1.13M added.
- The largest iShares Large Cap Max Buffer Sep ETF seller in Q2 2026 was J.L. Bainbridge & Co, an estimated $12.4M sold.
Based on aggregated 13F filings for Q2 2026.