iShares MSCI USA Min Vol Factor ETF
USMV
328 hedge funds and large institutions have $6.68B invested in iShares MSCI USA Min Vol Factor ETF in 2016 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 91 increasing their positions, 150 reducing their positions, and 35 closing their positions.
57% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 35
41% more call options, than puts
Call options by funds: $10.2M | Put options by funds: $7.21M
5% more funds holding
Funds holding: 313 → 328 (+15)
3.08% less ownership
Funds ownership: 57.25% → 54.17% (-3.1%)
11% less funds holding in top 10
Funds holding in top 10: 73 → 65 (-8)
19% less capital invested
Capital invested by funds: $8.26B → $6.68B (-$1.59B)
39% less repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 150
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$73.2M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$64.2M |
| 3 |
CPO
Cerity Partners OCIO
New York
|
+$29.7M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
+$18.7M |
| 5 |
BIM
BlackRock Investment Management
Wilmington,
Delaware
|
+$17.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$334M |
| 2 |
SAS
Sage Advisory Services
Austin,
Texas
|
-$202M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$168M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$164M |
| 5 |
Morgan Stanley
New York
|
-$93.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FCIM
351
Fairview Capital Investment Management
Greenbrae,
California
| – | -$237K | -5,225 | Closed |
|
|
PJSIMP
352
P.J. Schmidt Investment Management (PJS)
Cedarburg,
Wisconsin
| – | -$223K | -4,912 | Closed |
|
|
WKWM
353
Walter & Keenan Wealth Management
Souh Bend,
Indiana
| – | -$217K | -4,770 | Closed |
|
|
LNWWM
354
Laird Norton Wetherby Wealth Management
San Francisco,
California
| – | -$214K | -4,700 | Closed |
|
|
DP
355
Dearborn Partners
Chicago,
Illinois
| – | -$210K | -4,615 | Closed |
|
356
CIBC World Market
Toronto,
Ontario, Canada
| – | -$204K | -4,485 | Closed |
|
|
PFBT
357
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | -$151K | -3,328 | Closed |
|
|
BWA
358
Burt Wealth Advisors
North Bethesda,
Maryland
| – | -$81K | -1,792 | Closed |
|
359
ClearBridge Investments
New York
| – | -$53K | -1,174 | Closed |
|
|
FPFS
360
First Personal Financial Services
Charlotte,
North Carolina
| – | -$36K | -800 | Closed |
|
|
OC
361
Oakworth Capital
Birmingham,
Alabama
| – | -$5K | -110 | Closed |
|
|
IA
362
IndexIQ Advisors
New York
| – | -$4K | -90 | Closed |
|
USMV Hedge Fund Activity: Q4 2016 in Review
328 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Min Vol Factor ETF (USMV) for Q4 2016, worth a combined $6.68B — down 19% from $8.26B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new USMV positions and 35 closed out — a net gain of 20 holders — while 91 added to existing stakes and 150 trimmed.
The largest buyer was Citigroup, adding an estimated $73.2M. The largest seller was Bank of America, cutting an estimated $334M.
- 328 institutional investors held iShares MSCI USA Min Vol Factor ETF (USMV) as of Q4 2016, up from 313 in Q3 2016.
- Funds reported $6.68B of iShares MSCI USA Min Vol Factor ETF stock for Q4 2016, down 19% quarter-over-quarter.
- 55 funds opened new iShares MSCI USA Min Vol Factor ETF positions in Q4 2016 and 35 closed out, a net change of +20 holders.
- The largest iShares MSCI USA Min Vol Factor ETF buyer in Q4 2016 was Citigroup, an estimated $73.2M added.
- The largest iShares MSCI USA Min Vol Factor ETF seller in Q4 2016 was Bank of America, an estimated $334M sold.
Based on aggregated 13F filings for Q4 2016.