iShares Russell 2500 ETF
SMMD
221 hedge funds and large institutions have $1.89B invested in iShares Russell 2500 ETF in 2025 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 99 increasing their positions, 50 reducing their positions, and 8 closing their positions.
375% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 8
100% more funds holding in top 10
Funds holding in top 10: 4 → 8 (+4)
98% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 50
40% more capital invested
Capital invested by funds: $1.35B → $1.89B (+$540M)
15% more funds holding
Funds holding: 192 → 221 (+29)
3.92% more ownership
Funds ownership: 78.56% → 82.48% (+3.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$173M |
| 2 |
William Blair & Company
Chicago,
Illinois
|
+$21.8M |
| 3 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$19.6M |
| 4 |
BIM
Bridges Investment Management
Omaha,
Nebraska
|
+$13.7M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$12.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$18.6M |
| 2 |
SW
Simplicity Wealth
Summit,
New Jersey
|
-$12.5M |
| 3 |
CCM
Coldstream Capital Management
Bellevue,
Washington
|
-$5.05M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$4.37M |
| 5 |
BC
Brio Consultants
San Francisco,
California
|
-$2.45M |
SMMD Hedge Fund Activity: Q4 2025 in Review
221 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in iShares Russell 2500 ETF (SMMD) for Q4 2025, worth a combined $1.89B — up 40% from $1.35B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new SMMD positions and 8 closed out — a net gain of 30 holders — while 99 added to existing stakes and 50 trimmed.
The largest buyer was Bank of America, adding an estimated $173M. The largest seller was Kovitz Investment Group Partners, exiting entirely with an estimated $18.6M sold.
- 221 institutional investors held iShares Russell 2500 ETF (SMMD) as of Q4 2025, up from 192 in Q3 2025.
- Funds reported $1.89B of iShares Russell 2500 ETF stock for Q4 2025, up 40% quarter-over-quarter.
- 38 funds opened new iShares Russell 2500 ETF positions in Q4 2025 and 8 closed out, a net change of +30 holders.
- The largest iShares Russell 2500 ETF buyer in Q4 2025 was Bank of America, an estimated $173M added.
- The largest iShares Russell 2500 ETF seller in Q4 2025 was Kovitz Investment Group Partners, an estimated $18.6M sold.
Based on aggregated 13F filings for Q4 2025.