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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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
221
Holders Change
+29
Holders Change %
+15.1%
% of All Funds
2.69%
Holding in Top 10
8
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+100%
% of All Funds
0.1%
New
38
Increased
99
Reduced
50
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$173M
2
William Blair & Company
William Blair & Company
Illinois
+$21.8M
3
Focus Partners Wealth
Focus Partners Wealth
Massachusetts
+$19.6M
4
BIM
Bridges Investment Management
Nebraska
+$13.7M
5
Raymond James Financial
Raymond James Financial
Florida
+$12.3M

Top Sellers

Rank Fund Capital Flow
1
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
-$18.6M
2
SW
Simplicity Wealth
New Jersey
-$12.5M
3
CCM
Coldstream Capital Management
Washington
-$5.05M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$4.37M
5
BC
Brio Consultants
California
-$2.45M
Name Holding Trade Value Shares
Change 		Change in
Stake
Corient Private Wealth
76
Corient Private Wealth
Florida
$2.3M +$2.31M +31,038 New
CA
77
Centerpoint Advisors
Massachusetts
$2.3M – – –
Citigroup
78
Citigroup
New York
$2.17M +$445K +5,976 +26%
Northwestern Mutual Wealth Management
79
Northwestern Mutual Wealth Management
Wisconsin
$2.07M +$147K +1,976 +8%
CFO
80
Callan Family Office
Pennsylvania
$1.98M +$1.97M +26,466 New
VOYA Investment Management
81
VOYA Investment Management
Georgia
$1.94M +$1.93M +25,866 New
CAPTRUST Financial Advisors
82
CAPTRUST Financial Advisors
North Carolina
$1.72M +$713K +9,574 +72%
QCG
83
Quadrant Capital Group
Ohio
$1.71M – – –
Northern Trust
84
Northern Trust
Illinois
$1.71M -$68.3K -917 -4%
KFC
85
Klingenstein Fields & Co
New York
$1.7M – – –
Fuller & Thaler Asset Management
86
Fuller & Thaler Asset Management
California
$1.62M +$1.13M +15,152 +235%
QCM
87
Quantinno Capital Management
New York
$1.6M +$1.35M +18,087 +549%
KAS
88
Kestra Advisory Services
Texas
$1.48M +$54.6K +733 +4%
HAG
89
HF Advisory Group
Maryland
$1.47M +$19.5K +262 +1%
Wells Fargo
90
Wells Fargo
California
$1.44M +$305K +4,094 +27%
Goldman Sachs
91
Goldman Sachs
New York
$1.44M +$993K +13,332 +227%
PAG
92
Private Advisor Group
New Jersey
$1.37M +$352K +4,726 +35%
SAM
93
Silvercrest Asset Management
New York
$1.34M +$1.33M +17,900 New
CFG
94
Cornerstone Financial Group
Nebraska
$1.34M +$22.5K +302 +2%
HNB
95
Huntington National Bank
Ohio
$1.32M – – –
UIA
96
Ulland Investment Advisors
Minnesota
$1.3M -$55.1K -740 -4%
RFC
97
Regions Financial Corp
Alabama
$1.26M +$1.26M +16,864 New
Cetera Investment Advisers
98
Cetera Investment Advisers
Illinois
$1.24M -$320K -4,302 -21%
W
99
WorthPointe
California
$1.23M +$1.22M +16,361 New
WT
100
Whittier Trust
California
$1.21M +$267K +3,589 +30%
2 3
4
5 6

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.