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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
JE
126
JMAC Enterprises
Pennsylvania
$11.9M +$1.16M +12,266 +11%
CIA
127
Concurrent Investment Advisors
Florida
$11.8M +$3.32M +34,954 +40%
LAS
128
Legacy Advisory Services
Pennsylvania
$11.8M +$1.1M +11,569 +10%
AQR Capital Management
129
AQR Capital Management
Connecticut
$11.7M +$652K +6,869 +6%
MOS
130
MGO One Seven
Ohio
$11.4M +$922K +9,712 +9%
DWM
131
Diversify Wealth Management
Utah
$11.3M +$170K +1,790 +2%
DAS
132
Diversify Advisory Services
Utah
$11.3M +$11M +115,466 New
SR
133
Syntax Research
Florida
$10.9M +$7.87M +82,934 +273%
GKWIM
134
Gerber Kawasaki Wealth & Investment Management
California
$10.9M -$130K -1,369 -1%
RIM
135
Rakuten Investment Management
Japan
$10.9M -$8.82M -92,887 -45%
AA
136
Ancora Advisors
Ohio
$10.7M +$52.2K +550 +0.5%
MCC
137
Money Concepts Capital
Florida
$10.7M -$1.71M -17,979 -14%
ECM
138
Evergreen Capital Management
Washington
$10.7M +$854 +9 +0%
CP
139
Capital Planning
Washington
$10.4M -$625K -6,586 -6%
BRG
140
Bay Rivers Group
Virginia
$10.4M +$177K +1,863 +2%
GWAG
141
Garrett Wealth Advisory Group
Texas
$10.4M -$182K -1,914 -2%
CC
142
Courier Capital
New York
$10.3M +$319K +3,357 +3%
BA
143
Bellwether Advisors
Nebraska
$10.2M +$221K +2,326 +2%
PS
144
Principal Securities
Iowa
$10.2M +$204K +2,145 +2%
AC
145
Apella Capital
Connecticut
$10.2M -$558K -5,876 -5%
JWCA
146
J.W. Cole Advisors
Florida
$10.1M +$139K +1,468 +1%
FPW
147
Flagship Private Wealth
Massachusetts
$10M +$30.3K +319 +0.3%
AAP
148
Arax Advisory Partners
Colorado
$9.9M +$5.5M +57,946 +130%
SC
149
Savant Capital
Illinois
$9.77M +$887K +9,349 +10%
CAM
150
Cresset Asset Management
Illinois
$9.76M -$515K -5,422 -5%
4 5
6
7 8

USMV Hedge Fund Activity: Q2 2026 in Review

1,369 of the 8,264 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.