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TOPT

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
85
Holders Change
+7
Holders Change %
+8.97%
% of All Funds
1.05%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
22
Increased
32
Reduced
24
Closed
14
Calls
$575K
Puts
$464K
Net Calls
+$111K
Net Calls Change
-$1.51M

Top Buyers

1
Victory Capital Management
Victory Capital Management
Texas
+$20.8M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$13.1M
3
LPL Financial
LPL Financial
California
+$10.7M
4
IFG
Independent Financial Group
California
+$6.74M
5
IWM
IHT Wealth Management
Illinois
+$2.97M

Top Sellers

1
NA
NewEdge Advisors
Louisiana
-$8.47M
2
HighTower Advisors
HighTower Advisors
Illinois
-$4.42M
3
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$2.74M
4
KIM
Kestra Investment Management
Texas
-$2.63M
5
GWM
Geneos Wealth Management
Colorado
-$2.25M
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
1
LPL Financial
California
$29.8M +$10.7M +354,133 +51%
Victory Capital Management
2
Victory Capital Management
Texas
$19.7M +$20.8M +689,021 New
Envestnet Asset Management
3
Envestnet Asset Management
Illinois
$19.4M +$13.1M +435,234 +180%
Raymond James Financial
4
Raymond James Financial
Florida
$12.2M +$1.9M +62,974 +17%
BlackRock
5
BlackRock
New York
$12M -$413K -13,706 -3%
GAG
6
Goodman Advisory Group
Massachusetts
$11M -$215K -7,121 -2%
IFG
7
Independent Financial Group
California
$8.44M +$6.74M +223,712 +315%
Cetera Investment Advisers
8
Cetera Investment Advisers
Illinois
$3.64M +$986K +32,734 +35%
HI
9
Horizon Investments
North Carolina
$3.59M +$1.9M +63,000 +101%
CCFM
10
Clear Creek Financial Management
Washington
$2.97M -$107K -3,566 -3%
IWM
11
IHT Wealth Management
Illinois
$2.82M +$2.97M +98,686 New
Osaic Holdings
12
Osaic Holdings
Arizona
$2.76M +$1.01M +33,375 +53%
FFS
13
Founders Financial Securities
Maryland
$1.88M +$56.9K +1,890 +3%
Goldman Sachs
14
Goldman Sachs
New York
$1.7M -$1.6M -53,193 -47%
OC
15
Oppenheimer & Co
New York
$1.63M -$238K -7,908 -12%
KAS
16
Kestra Advisory Services
Texas
$1.58M -$1.96K -65 -0.1%
AFP
17
ATX Financial Planning
Texas
$1.57M +$195K +6,485 +13%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$1.52M +$1.6M +53,157 New
RAG
19
RIA Advisory Group
Iowa
$1.31M -$54.8K -1,818 -4%
PFS
20
Prospera Financial Services
Texas
$1.22M +$10.3K +342 +0.8%
Commonwealth Equity Services
21
Commonwealth Equity Services
Massachusetts
$1.14M -$279K -9,253 -19%
KWS
22
Keystone Wealth Services
California
$1.1M -$156K -5,164 -12%
HighTower Advisors
23
HighTower Advisors
Illinois
$1.06M -$4.42M -146,691 -80%
CWP
24
Core Wealth Partners
California
$1.01M – – –
OCA
25
OpenArc Corporate Advisory
Georgia
$990K +$1.04M +34,584 New
1
2 3 4

TOPT Hedge Fund Activity: Q1 2026 in Review

85 of the 8,125 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.