iShares Top 20 U.S. Stocks ETF
TOPT
85 hedge funds and large institutions have $162M invested in iShares Top 20 U.S. Stocks ETF in 2026 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 32 increasing their positions, 24 reducing their positions, and 14 closing their positions.
57% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 14
33% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 24
24% more call options, than puts
Call options by funds: $575K | Put options by funds: $464K
21% more capital invested
Capital invested by funds: $134M → $162M (+$27.8M)
9% more funds holding
Funds holding: 78 → 85 (+7)
3.73% more ownership
Funds ownership: 29.43% → 33.17% (+3.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$20.8M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$13.1M |
| 3 |
LPL Financial
San Diego,
California
|
+$10.7M |
| 4 |
IFG
Independent Financial Group
San Diego,
California
|
+$6.74M |
| 5 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$2.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$8.47M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$4.42M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$2.74M |
| 4 |
KIM
Kestra Investment Management
Austin,
Texas
|
-$2.63M |
| 5 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
-$2.25M |
TOPT Hedge Fund Activity: Q1 2026 in Review
85 of the 8,191 institutional investors tracked by Wall St. Rank reported a position in iShares Top 20 U.S. Stocks ETF (TOPT) for Q1 2026, worth a combined $162M — up 21% from $134M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new TOPT positions and 14 closed out — a net gain of 8 holders — while 32 added to existing stakes and 24 trimmed.
The largest buyer was Victory Capital Management, opening a new position worth an estimated $20.8M. The largest seller was NewEdge Advisors, cutting an estimated $8.47M.
- 85 institutional investors held iShares Top 20 U.S. Stocks ETF (TOPT) as of Q1 2026, up from 78 in Q4 2025.
- Funds reported $162M of iShares Top 20 U.S. Stocks ETF stock for Q1 2026, up 21% quarter-over-quarter.
- 22 funds opened new iShares Top 20 U.S. Stocks ETF positions in Q1 2026 and 14 closed out, a net change of +8 holders.
- The largest iShares Top 20 U.S. Stocks ETF buyer in Q1 2026 was Victory Capital Management, an estimated $20.8M added.
- The largest iShares Top 20 U.S. Stocks ETF seller in Q1 2026 was NewEdge Advisors, an estimated $8.47M sold.
Based on aggregated 13F filings for Q1 2026.