iShares MSCI USA Min Vol Factor ETF
USMV
1,371 hedge funds and large institutions have $16.5B invested in iShares MSCI USA Min Vol Factor ETF in 2026 Q2 according to their latest regulatory filings, with 122 funds opening new positions, 418 increasing their positions, 569 reducing their positions, and 93 closing their positions.
31% more first-time investments, than exits
New positions opened: 122 | Existing positions closed: 93
3% more capital invested
Capital invested by funds: $16B → $16.5B (+$508M)
0.68% more ownership
Funds ownership: 70.99% → 71.67% (+0.68%)
1% more funds holding
Funds holding: 1,364 → 1,371 (+7)
12% less funds holding in top 10
Funds holding in top 10: 65 → 57 (-8)
27% less repeat investments, than reductions
Existing positions increased: 418 | Existing positions reduced: 569
53% less call options, than puts
Call options by funds: $926K | Put options by funds: $1.96M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$159M |
| 2 |
Morgan Stanley
New York
|
+$122M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$63.4M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$37.4M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$37.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$81.9M |
| 2 |
RWM
Ritholtz Wealth Management
New York
|
-$75.5M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$53.1M |
| 4 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$40.9M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$40.7M |
USMV Hedge Fund Activity: Q2 2026 in Review
1,371 of the 8,274 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Min Vol Factor ETF (USMV) for Q2 2026, worth a combined $16.5B — up 3.2% from $16B a quarter earlier.
Buyers outnumbered sellers: 122 funds opened new USMV positions and 93 closed out — a net gain of 29 holders — while 418 added to existing stakes and 569 trimmed.
The largest buyer was LPL Financial, adding an estimated $159M. The largest seller was Two Sigma Investments, cutting an estimated $81.9M.
- 1,371 institutional investors held iShares MSCI USA Min Vol Factor ETF (USMV) as of Q2 2026, up from 1,364 in Q1 2026.
- Funds reported $16.5B of iShares MSCI USA Min Vol Factor ETF stock for Q2 2026, up 3.2% quarter-over-quarter.
- 122 funds opened new iShares MSCI USA Min Vol Factor ETF positions in Q2 2026 and 93 closed out, a net change of +29 holders.
- The largest iShares MSCI USA Min Vol Factor ETF buyer in Q2 2026 was LPL Financial, an estimated $159M added.
- The largest iShares MSCI USA Min Vol Factor ETF seller in Q2 2026 was Two Sigma Investments, an estimated $81.9M sold.
Based on aggregated 13F filings for Q2 2026.