iShares Top 20 U.S. Stocks ETF
TOPT
64 hedge funds and large institutions have $111M invested in iShares Top 20 U.S. Stocks ETF in 2025 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 25 increasing their positions, 13 reducing their positions, and 4 closing their positions.
425% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 4
215% more call options, than puts
Call options by funds: $2.07M | Put options by funds: $658K
92% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 13
82% more capital invested
Capital invested by funds: $61.2M → $111M (+$50.2M)
36% more funds holding
Funds holding: 47 → 64 (+17)
8.46% more ownership
Funds ownership: 25.58% → 34.04% (+8.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAG
Goodman Advisory Group
Needham,
Massachusetts
|
+$12.3M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$7.31M |
| 3 |
LPL Financial
San Diego,
California
|
+$6.02M |
| 4 |
KIM
Kestra Investment Management
Austin,
Texas
|
+$2.43M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$2.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$5.34M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$1.89M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.78M |
| 4 |
Jane Street
New York
|
-$1.11M |
| 5 |
BlackRock
New York
|
-$977K |
TOPT Hedge Fund Activity: Q3 2025 in Review
64 of the 7,642 institutional investors tracked by Wall St. Rank reported a position in iShares Top 20 U.S. Stocks ETF (TOPT) for Q3 2025, worth a combined $111M — up 82% from $61.2M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new TOPT positions and 4 closed out — a net gain of 17 holders — while 25 added to existing stakes and 13 trimmed.
The largest buyer was Goodman Advisory Group, opening a new position worth an estimated $12.3M. The largest seller was HighTower Advisors, cutting an estimated $5.34M.
- 64 institutional investors held iShares Top 20 U.S. Stocks ETF (TOPT) as of Q3 2025, up from 47 in Q2 2025.
- Funds reported $111M of iShares Top 20 U.S. Stocks ETF stock for Q3 2025, up 82% quarter-over-quarter.
- 21 funds opened new iShares Top 20 U.S. Stocks ETF positions in Q3 2025 and 4 closed out, a net change of +17 holders.
- The largest iShares Top 20 U.S. Stocks ETF buyer in Q3 2025 was Goodman Advisory Group, an estimated $12.3M added.
- The largest iShares Top 20 U.S. Stocks ETF seller in Q3 2025 was HighTower Advisors, an estimated $5.34M sold.
Based on aggregated 13F filings for Q3 2025.