iShares MSCI India Small-Cap ETF
SMIN
143 hedge funds and large institutions have $529M invested in iShares MSCI India Small-Cap ETF in 2025 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 51 increasing their positions, 44 reducing their positions, and 14 closing their positions.
225% more call options, than puts
Call options by funds: $2.23M | Put options by funds: $687K
50% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 14
16% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 44
4% more funds holding
Funds holding: 137 → 143 (+6)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8.76% less ownership
Funds ownership: 64.98% → 56.22% (-8.8%)
34% less capital inflows, than outflows
Capital inflows: $76.9M | Capital outflows: $117M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$17.9M |
| 2 |
Goldman Sachs
New York
|
+$13.4M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$7.25M |
| 4 |
Ardsley Advisory Partners
Stamford,
Connecticut
|
+$4.32M |
| 5 |
Causeway Capital Management
Los Angeles,
California
|
+$3.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$24.5M |
| 2 |
Morgan Stanley
New York
|
-$19.2M |
| 3 |
Driehaus Capital Management
Chicago,
Illinois
|
-$14.8M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$12.2M |
| 5 |
BlackRock
New York
|
-$11.2M |
SMIN Hedge Fund Activity: Q2 2025 in Review
143 of the 7,630 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI India Small-Cap ETF (SMIN) for Q2 2025, worth a combined $529M — up 4% from $509M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new SMIN positions and 14 closed out — a net gain of 7 holders — while 51 added to existing stakes and 44 trimmed.
The largest buyer was Hillsdale Investment Management, adding an estimated $17.9M. The largest seller was Jane Street, cutting an estimated $24.5M.
- 143 institutional investors held iShares MSCI India Small-Cap ETF (SMIN) as of Q2 2025, up from 137 in Q1 2025.
- Funds reported $529M of iShares MSCI India Small-Cap ETF stock for Q2 2025, up 4% quarter-over-quarter.
- 21 funds opened new iShares MSCI India Small-Cap ETF positions in Q2 2025 and 14 closed out, a net change of +7 holders.
- The largest iShares MSCI India Small-Cap ETF buyer in Q2 2025 was Hillsdale Investment Management, an estimated $17.9M added.
- The largest iShares MSCI India Small-Cap ETF seller in Q2 2025 was Jane Street, an estimated $24.5M sold.
Based on aggregated 13F filings for Q2 2025.