iShares MSCI USA Min Vol Factor ETF
USMV
1,304 hedge funds and large institutions have $17.1B invested in iShares MSCI USA Min Vol Factor ETF in 2025 Q3 according to their latest regulatory filings, with 94 funds opening new positions, 408 increasing their positions, 552 reducing their positions, and 69 closing their positions.
36% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 69
1.03% more ownership
Funds ownership: 71.15% → 72.18% (+1%)
1% more capital invested
Capital invested by funds: $17B → $17.1B (+$143M)
0% more funds holding
Funds holding: 1,300 → 1,304 (+4)
9% less funds holding in top 10
Funds holding in top 10: 81 → 74 (-7)
26% less repeat investments, than reductions
Existing positions increased: 408 | Existing positions reduced: 552
67% less call options, than puts
Call options by funds: $2.97M | Put options by funds: $9.06M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$210M |
| 2 |
JCM
Junto Capital Management
New York
|
+$83.8M |
| 3 |
Two Sigma Investments
New York
|
+$52.9M |
| 4 |
Barclays
London,
United Kingdom
|
+$33M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$32.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$122M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$86.6M |
| 3 |
Bank of New York Mellon
New York
|
-$64.4M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$36.7M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$31.9M |
USMV Hedge Fund Activity: Q3 2025 in Review
1,304 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Min Vol Factor ETF (USMV) for Q3 2025, worth a combined $17.1B — up 0.84% from $17B a quarter earlier.
Buyers outnumbered sellers: 94 funds opened new USMV positions and 69 closed out — a net gain of 25 holders — while 408 added to existing stakes and 552 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $210M. The largest seller was Caisse de Depot et Placement du Quebec (CDPQ), exiting entirely with an estimated $122M sold.
- 1,304 institutional investors held iShares MSCI USA Min Vol Factor ETF (USMV) as of Q3 2025, up from 1,300 in Q2 2025.
- Funds reported $17.1B of iShares MSCI USA Min Vol Factor ETF stock for Q3 2025, up 0.84% quarter-over-quarter.
- 94 funds opened new iShares MSCI USA Min Vol Factor ETF positions in Q3 2025 and 69 closed out, a net change of +25 holders.
- The largest iShares MSCI USA Min Vol Factor ETF buyer in Q3 2025 was Morgan Stanley, an estimated $210M added.
- The largest iShares MSCI USA Min Vol Factor ETF seller in Q3 2025 was Caisse de Depot et Placement du Quebec (CDPQ), an estimated $122M sold.
Based on aggregated 13F filings for Q3 2025.