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iShares US Small Cap Equity Factor ETF
SMLF

193 hedge funds and large institutions have $1.44B invested in iShares US Small Cap Equity Factor ETF in 2025 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 75 increasing their positions, 55 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 19

36% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 55

20% more capital invested

Capital invested by funds: $1.2B → $1.44B (+$244M)

6% more funds holding

Funds holding: 182 → 193 (+11)

0.71% more ownership

Funds ownership: 82.65% → 83.36% (+0.71%)

12% less funds holding in top 10

Funds holding in top 10: 17 → 15 (-2)

Holders
193
Holders Change
+11
Holders Change %
+6.04%
% of All Funds
2.59%
Holding in Top 10
15
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-11.76%
% of All Funds
0.2%
New
31
Increased
75
Reduced
55
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$250M
2
Ameriprise
Ameriprise
Minnesota
+$26.5M
3
FIA
Foundations Investment Advisors
Arizona
+$17.2M
4
Wells Fargo
Wells Fargo
California
+$17.2M
5
FIBT
First International Bank & Trust
North Dakota
+$12.9M

Top Sellers

1
SA
Sanctuary Advisors
Indiana
-$11.9M
2
GM
GeoWealth Management
Illinois
-$9.83M
3
LWMI
Landmark Wealth Management (Illinois)
Illinois
-$7.61M
4
Mercer Global Advisors
Mercer Global Advisors
Colorado
-$4.35M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$3.55M
Name Holding Trade Value Shares
Change 		Change in
Stake
GAM
51
GEM Asset Management
Michigan
$4.18M -$258K -3,836 -5%
SPIA
52
Steward Partners Investment Advisory
New York
$4.14M +$6.66K +99 +0.1%
AWS
53
Aspen Wealth Strategies
Colorado
$4.05M +$4.39M +65,200 New
Northwestern Mutual Wealth Management
54
Northwestern Mutual Wealth Management
Wisconsin
$3.95M +$2.25M +33,383 +110%
CAM
55
Cozad Asset Management
Illinois
$3.82M +$200K +2,979 +5%
PFM
56
Phillips Financial Management
Indiana
$3.7M -$371K -5,513 -8%
BWCS
57
Beirne Wealth Consulting Services
Connecticut
$3.66M -$307K -4,557 -7%
VCWM
58
Vista Cima Wealth Management
Arizona
$3.57M +$193K +2,870 +5%
WFA
59
Wade Financial Advisory
California
$3.55M -$78.1K -1,161 -2%
AF
60
Apollon Financial
South Carolina
$3.51M -$64.2K -954 -2%
DADC
61
D.A. Davidson & Co
Montana
$3.4M +$419K +6,237 +13%
MWM
62
Modern Wealth Management
Kansas
$3.38M +$3.66M +54,449 New
EH
63
Equitable Holdings
New York
$3.12M -$117K -1,734 -3%
Morgan Stanley
64
Morgan Stanley
New York
$2.45M -$48.4K -719 -2%
PPWP
65
Premier Path Wealth Partners
New Jersey
$2.26M +$51.2K +761 +2%
PFBT
66
Parkside Financial Bank & Trust
Missouri
$2.25M +$5.85K +87 +0.2%
TFS
67
Thoroughbred Financial Services
Tennessee
$2.11M +$2.06M +30,671 +939%
KAS
68
Kestra Advisory Services
Texas
$2.09M +$806K +11,988 +55%
LWA
69
LifeGoal Wealth Advisors
New York
$1.95M -$500K -7,438 -19%
MA
70
Montag & Associates
Georgia
$1.83M – – –
SEIA
71
Signature Estate & Investment Advisors
California
$1.82M -$244K -3,621 -11%
BWM
72
BKM Wealth Management
Wisconsin
$1.76M -$90.9K -1,352 -5%
Wealth Enhancement Advisory Services
73
Wealth Enhancement Advisory Services
Minnesota
$1.69M +$1.04M +15,393 +130%
LWMI
74
Landmark Wealth Management (Illinois)
Illinois
$1.63M -$7.61M -113,154 -81%
PWM
75
Perigon Wealth Management
California
$1.56M +$361K +5,369 +27%
1 2
3
4 5

SMLF Hedge Fund Activity: Q1 2025 in Review

193 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in iShares US Small Cap Equity Factor ETF (SMLF) for Q1 2025, worth a combined $1.44B — up 20% from $1.2B a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new SMLF positions and 19 closed out — a net gain of 12 holders — while 75 added to existing stakes and 55 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $250M. The largest seller was Sanctuary Advisors, exiting entirely with an estimated $11.9M sold.

  • 193 institutional investors held iShares US Small Cap Equity Factor ETF (SMLF) as of Q1 2025, up from 182 in Q4 2024.
  • Funds reported $1.44B of iShares US Small Cap Equity Factor ETF stock for Q1 2025, up 20% quarter-over-quarter.
  • 31 funds opened new iShares US Small Cap Equity Factor ETF positions in Q1 2025 and 19 closed out, a net change of +12 holders.
  • The largest iShares US Small Cap Equity Factor ETF buyer in Q1 2025 was Fidelity Investments, an estimated $250M added.
  • The largest iShares US Small Cap Equity Factor ETF seller in Q1 2025 was Sanctuary Advisors, an estimated $11.9M sold.

Based on aggregated 13F filings for Q1 2025.