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iShares MSCI USA Min Vol Factor ETF
USMV

1,369 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, 568 reducing their positions, and 93 closing their positions.

New
Increased
Maintained
Reduced
Closed

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 (+$483M)

0.57% more ownership

Funds ownership: 70.99% → 71.56% (+0.57%)

0% more funds holding

Funds holding: 1,364 → 1,369 (+5)

12% less funds holding in top 10

Funds holding in top 10: 65 → 57 (-8)

26% less repeat investments, than reductions

Existing positions increased: 418 | Existing positions reduced: 568

53% less call options, than puts

Call options by funds: $926K | Put options by funds: $1.96M

Holders
1,369
Holders Change
+5
Holders Change %
+0.37%
% of All Funds
16.57%
Holding in Top 10
57
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-12.31%
% of All Funds
0.69%
New
122
Increased
418
Reduced
568
Closed
93
Calls
$926K
Puts
$1.96M
Net Calls
-$1.03M
Net Calls Change
-$263K

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$159M
2
Morgan Stanley
Morgan Stanley
New York
+$122M
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$63.4M
4
Marshall Wace
Marshall Wace
United Kingdom
+$37.4M
5
Raymond James Financial
Raymond James Financial
Florida
+$37.2M

Top Sellers

Rank Fund Capital Flow
1
Two Sigma Investments
Two Sigma Investments
New York
-$81.9M
2
RWM
Ritholtz Wealth Management
New York
-$75.5M
3
Ameriprise
Ameriprise
Minnesota
-$53.1M
4
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
-$40.9M
5
Bank of America
Bank of America
North Carolina
-$40.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
1IA
1351
1620 Investment Advisors
Massachusetts
$2.89K – – –
AIS
1352
Advocate Investing Services
Maryland
$2.31K +$2.28K +24 New
MFS
1353
Montgomery Financial Services
Maryland
$2.31K +$2.28K +24 New
FIM
1354
FWL Investment Management
Texas
$2.16K – – –
MCA
1355
McGuire Capital Advisors
Oklahoma
$2.03K – – –
NA
1356
Networth Advisors
Pennsylvania
$1.65K +$380 +4 +31%
PAI
1357
Pittenger & Anderson Inc
Nebraska
$1.64K – – –
LCM
1358
Logan Capital Management
Pennsylvania
$1.64K +$1.61K +17 New
QC
1359
Quent Capital
New York
$1.61K -$854 -9 -35%
RF
1360
Robinswood Financial
Washington
$1.54K – – –
MI
1361
Markowski Investments
Florida
$1.45K +$1.42K +15 New
DWM
1362
Darwin Wealth Management
Florida
$1.14K -$3.23K -34 -76%
NEWAS
1363
N.E.W. Advisory Services
Wisconsin
$1.06K – – –
HCA
1364
Harbor Capital Advisors
Illinois
$1K -$15.2M -159,802 -100%
AP
1365
Atwood & Palmer
Missouri
$965 +$949 +10 New
PB
1366
Prosperity Bancshares
Texas
$965 +$949 +10 New
CCMI
1367
Creative Capital Management Investments
California
$579 – – –
HPC
1368
HM Payson & Co
Maine
$483 – – –
SAS
1369
Spurstone Advisory Services
Connecticut
$388 +$380 +4 New
RIAS
1370
Rachor Investment Advisory Services
Michigan
$292 – – –
TWM
1371
Timmons Wealth Management
Massachusetts
$34 – – –
Caisse de Depot et Placement du Quebec (CDPQ)
1372
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
– -$40.9M -441,070 Closed
PCM
1373
Penserra Capital Management
California
– -$20.9M -225,590 Closed
TRCT
1374
Tower Research Capital (TRC)
New York
– -$13M -140,619 Closed
BWP
1375
BlueStem Wealth Partners
Minnesota
– -$12.3M -132,339 Closed
53 54
55
56 57

USMV Hedge Fund Activity: Q2 2026 in Review

1,369 of the 8,263 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% 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 568 trimmed.

The largest buyer was LPL Financial, adding an estimated $159M. The largest seller was Two Sigma Investments, cutting an estimated $81.9M.

  • 1,369 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% 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.