iShares Russell 2500 ETF
SMMD
222 hedge funds and large institutions have $1.8B invested in iShares Russell 2500 ETF in 2025 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 100 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)
100% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 50
33% more capital invested
Capital invested by funds: $1.35B → $1.8B (+$451M)
15% more funds holding
Funds holding: 193 → 222 (+29)
3.84% more ownership
Funds ownership: 78.7% → 82.53% (+3.8%)
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
222 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in iShares Russell 2500 ETF (SMMD) for Q4 2025, worth a combined $1.8B — up 33% 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 100 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.
- 222 institutional investors held iShares Russell 2500 ETF (SMMD) as of Q4 2025, up from 193 in Q3 2025.
- Funds reported $1.8B of iShares Russell 2500 ETF stock for Q4 2025, up 33% 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.