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TOPT

iShares Top 20 U.S. Stocks ETF
TOPT

47 hedge funds and large institutions have $61.2M invested in iShares Top 20 U.S. Stocks ETF in 2025 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 18 increasing their positions, 6 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

533% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 3

200% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 6

129% more call options, than puts

Call options by funds: $2.34M | Put options by funds: $1.02M

52% more funds holding

Funds holding: 31 → 47 (+16)

49% more capital invested

Capital invested by funds: $41.1M → $61.2M (+$20.1M)

1.18% more ownership

Funds ownership: 24.29% → 25.46% (+1.2%)

Holders
47
Holders Change
+16
Holders Change %
+51.61%
% of All Funds
0.62%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
18
Reduced
6
Closed
3
Calls
$2.34M
Puts
$1.02M
Net Calls
+$1.32M
Net Calls Change
+$209K

Top Buyers

Rank Fund Capital Flow
1
HighTower Advisors
HighTower Advisors
Illinois
+$8.41M
2
Goldman Sachs
Goldman Sachs
New York
+$3.01M
3
Citadel Advisors
Citadel Advisors
Florida
+$2.37M
4
LPL Financial
LPL Financial
California
+$2.05M
5
TRCT
Tower Research Capital (TRC)
New York
+$1.78M

Top Sellers

Rank Fund Capital Flow
1
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$8.67M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.43M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.43M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$481K
5
OC
Oppenheimer & Co
New York
-$449K
Name Holding Trade Value Shares
Change 		Change in
Stake
GS
26
GTS Securities
New York
$268K +$244K +9,827 New
IAS
27
Insigneo Advisory Services
Florida
$261K +$238K +9,561 New
KWS
28
Keystone Wealth Services
California
$259K -$367K -14,738 -61%
Barclays
29
Barclays
United Kingdom
$245K – – –
MA
30
Mutual Advisors
Nebraska
$241K +$212K +8,540 New
NFG
31
Norris Financial Group
South Carolina
$240K +$218K +8,781 New
Osaic Holdings
32
Osaic Holdings
Arizona
$238K +$217K +8,717 New
IWP
33
Insight Wealth Partners
Texas
$235K – – –
SW
34
SkyOak Wealth
Michigan
$235K – – –
FPAS
35
Focus Partners Advisor Solutions
Missouri
$204K +$186K +7,466 New
NFSG
36
Newbridge Financial Services Group
Florida
$154K +$80.2K +3,225 +134%
PTC
37
Private Trust Company
Ohio
$124K +$56.7K +2,280 +100%
Morgan Stanley
38
Morgan Stanley
New York
$36.6K +$19.6K +789 +143%
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$19.5K +$2.36K +95 +15%
NA
40
NewEdge Advisors
Louisiana
$12.7K +$11.6K +465 New
Simplex Trading
41
Simplex Trading
Illinois
$6K -$147K -5,896 -96%
Bank of America
42
Bank of America
North Carolina
$5.59K +$5.1K +205 New
Wells Fargo
43
Wells Fargo
California
$4.8K +$4.38K +176 New
CWP
44
Concord Wealth Partners
Virginia
$4.78K – – –
PS
45
Principal Securities
Iowa
$1.53K +$1.39K +56 New
AIC
46
Archer Investment Corporation
Indiana
$1.42K +$1.04K +42 +420%
GRP
47
Global Retirement Partners
California
$546 +$498 +20 New
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
– -$2.43M -102,000 Closed
Envestnet Asset Management
49
Envestnet Asset Management
Illinois
– -$481K -20,191 Closed
Janney Montgomery Scott
50
Janney Montgomery Scott
Pennsylvania
– -$446K -18,740 Closed
1
2

TOPT Hedge Fund Activity: Q2 2025 in Review

47 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in iShares Top 20 U.S. Stocks ETF (TOPT) for Q2 2025, worth a combined $61.2M — up 49% from $41.1M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new TOPT positions and 3 closed out — a net gain of 16 holders — while 18 added to existing stakes and 6 trimmed.

The largest buyer was HighTower Advisors, opening a new position worth an estimated $8.41M. The largest seller was Cetera Investment Advisers, cutting an estimated $8.67M.

  • 47 institutional investors held iShares Top 20 U.S. Stocks ETF (TOPT) as of Q2 2025, up from 31 in Q1 2025.
  • Funds reported $61.2M of iShares Top 20 U.S. Stocks ETF stock for Q2 2025, up 49% quarter-over-quarter.
  • 19 funds opened new iShares Top 20 U.S. Stocks ETF positions in Q2 2025 and 3 closed out, a net change of +16 holders.
  • The largest iShares Top 20 U.S. Stocks ETF buyer in Q2 2025 was HighTower Advisors, an estimated $8.41M added.
  • The largest iShares Top 20 U.S. Stocks ETF seller in Q2 2025 was Cetera Investment Advisers, an estimated $8.67M sold.

Based on aggregated 13F filings for Q2 2025.