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iShares MSCI India Small-Cap ETF
SMIN

136 hedge funds and large institutions have $509M invested in iShares MSCI India Small-Cap ETF in 2025 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 41 increasing their positions, 44 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

269% more call options, than puts

Call options by funds: $1.96M | Put options by funds: $531K

7% less repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 44

3.55% less ownership

Funds ownership: 68.53% → 64.98% (-3.6%)

11% less funds holding

Funds holding: 153 → 136 (-17)

13% less capital invested

Capital invested by funds: $584M → $509M (-$75.2M)

37% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 41

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

Holders
136
Holders Change
-17
Holders Change %
-11.11%
% of All Funds
1.82%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
26
Increased
41
Reduced
44
Closed
41
Calls
$1.96M
Puts
$531K
Net Calls
+$1.43M
Net Calls Change
+$2.07M

Top Buyers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
+$48.6M
2
Goldman Sachs
Goldman Sachs
New York
+$19.2M
3
Morgan Stanley
Morgan Stanley
New York
+$15.2M
4
DCM
Driehaus Capital Management
Illinois
+$14.8M
5
Millennium Management
Millennium Management
New York
+$5.67M

Top Sellers

Rank Fund Capital Flow
1
Jennison Associates
Jennison Associates
New York
-$51.1M
2
FP
FFG Partners
Florida
-$13.1M
3
Jane Street
Jane Street
New York
-$11.6M
4
AWM
Adams Wealth Management
Utah
-$9.24M
5
CI
CacheTech Inc
Utah
-$9.24M
Name Holding Trade Value Shares
Change 		Change in
Stake
QCM
151
Quantinno Capital Management
New York
– -$960K -12,555 Closed
SW
152
SteelPeak Wealth
California
– -$944K -12,353 Closed
CWMGP
153
Capstone Wealth Management Group (Pennsylvania)
Pennsylvania
– -$885K -11,576 Closed
PW
154
Potentia Wealth
California
– -$615K -8,043 Closed
ASN
155
Advisory Services Network
Georgia
– -$546K -7,138 Closed
IAA
156
Ironsides Asset Advisors
North Carolina
– -$506K -6,623 Closed
OC
157
Optima Capital
Oregon
– -$389K -5,084 Closed
PFS
158
Prospera Financial Services
Texas
– -$388K -5,073 Closed
CIBC World Market
159
CIBC World Market
Ontario, Canada
– -$374K -4,893 Closed
DS
160
DRW Securities
Illinois
– -$339K -4,432 Closed
NFG
161
Nations Financial Group
Iowa
– -$260K -3,400 Closed
TSS
162
Two Sigma Securities
New York
– -$251K -3,278 Closed
Wealth Enhancement Advisory Services
163
Wealth Enhancement Advisory Services
Minnesota
– -$249K -3,256 Closed
BJL
164
Brighton Jones LLC
Washington
– -$245K -3,201 Closed
BFM
165
Boothbay Fund Management
New York
– -$229K -3,000 Closed
IWC
166
Integrated Wealth Concepts
Massachusetts
– -$212K -2,775 Closed
NFSG
167
Newbridge Financial Services Group
Florida
– -$47.3K -619 Closed
MM
168
Main Management
California
– -$24K -308 Closed
AAP
169
Arax Advisory Partners
Colorado
– -$3.82K -50 Closed
BCWM
170
Bartlett & Co Wealth Management
Ohio
– -$3.82K -50 Closed
HR
171
Howe & Rusling
New York
– -$3.82K -50 Closed
SMA
172
Sage Mountain Advisors
Georgia
– -$3.82K -50 Closed
SS
173
Sunbelt Securities
Texas
– -$2.57K -34 Closed
EWM
174
Evermay Wealth Management
Virginia
– -$791 -10 Closed
CA
175
Continuum Advisory
Idaho
– -$688 -9 Closed
4 5 6
7
8

SMIN Hedge Fund Activity: Q1 2025 in Review

136 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI India Small-Cap ETF (SMIN) for Q1 2025, worth a combined $509M — down 13% from $584M a quarter earlier.

Sellers outnumbered buyers: 41 funds closed out of SMIN and 26 opened new positions — a net loss of 15 holders — while 44 trimmed existing stakes and 41 added.

The largest buyer was AllianceBernstein, adding an estimated $48.6M. The largest seller was Jennison Associates, exiting entirely with an estimated $51.1M sold.

  • 136 institutional investors held iShares MSCI India Small-Cap ETF (SMIN) as of Q1 2025, down from 153 in Q4 2024.
  • Funds reported $509M of iShares MSCI India Small-Cap ETF stock for Q1 2025, down 13% quarter-over-quarter.
  • 26 funds opened new iShares MSCI India Small-Cap ETF positions in Q1 2025 and 41 closed out, a net change of -15 holders.
  • The largest iShares MSCI India Small-Cap ETF buyer in Q1 2025 was AllianceBernstein, an estimated $48.6M added.
  • The largest iShares MSCI India Small-Cap ETF seller in Q1 2025 was Jennison Associates, an estimated $51.1M sold.

Based on aggregated 13F filings for Q1 2025.