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.
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)
1.29% more ownership
Funds ownership: 24.29% → 25.58% (+1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$8.41M |
| 2 |
Goldman Sachs
New York
|
+$3.01M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$2.37M |
| 4 |
LPL Financial
San Diego,
California
|
+$2.05M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$8.67M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.43M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.43M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$481K |
| 5 |
OC
Oppenheimer & Co
New York
|
-$449K |
TOPT Hedge Fund Activity: Q2 2025 in Review
47 of the 7,614 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.