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iShares MSCI USA Min Vol Factor ETF

291 hedge funds and large institutions have $8B invested in iShares MSCI USA Min Vol Factor ETF in 2016 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 161 increasing their positions, 72 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

149% more call options, than puts

Call options by funds: $5.54M | Put options by funds: $2.23M

125% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 16

124% more repeat investments, than reductions

Existing positions increased: 161 | Existing positions reduced: 72

21% more capital invested

Capital invested by funds: $6.63B → $8B (+$1.37B)

13% more funds holding in top 10

Funds holding in top 10: 6270 (+8)

5% more funds holding

Funds holding: 276291 (+15)

4.39% less ownership

Funds ownership: 60.25%55.87% (-4.4%)

Holders
291
Holders Change
+15
Holders Change %
+5.43%
% of All Funds
7.76%
Holding in Top 10
70
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+12.9%
% of All Funds
1.87%
New
36
Increased
161
Reduced
72
Closed
16
Calls
$5.54M
Puts
$2.23M
Net Calls
+$3.31M
Net Calls Change
+$1.85M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$1.26B +$314M +7,058,803 +35%
Wells Fargo
2
Wells Fargo
California
$572M +$41.3M +930,523 +8%
Morgan Stanley
3
Morgan Stanley
New York
$558M +$106M +2,396,494 +25%
UBS Group
4
UBS Group
Switzerland
$379M +$22.4M +504,103 +7%
Manulife (Manufacturers Life Insurance)
5
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$283M +$19.2M +433,038 +8%
NLI
6
Nippon Life Insurance
Japan
$248M +$211M +4,750,000 +758%
Ameriprise
7
Ameriprise
Minnesota
$245M +$33.9M +763,042 +17%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$228M +$10.2M +229,427 +5%
SAS
9
Sage Advisory Services
Texas
$206M -$4.28M -96,353 -2%
Fidelity Investments
10
Fidelity Investments
Massachusetts
$176M +$149M +3,344,049 +719%
State Street
11
State Street
Massachusetts
$166M -$5.24M -117,992 -3%
RJFSA
12
Raymond James Financial Services Advisors
Florida
$166M +$43.1M +970,021 +37%
Envestnet Asset Management
13
Envestnet Asset Management
Illinois
$164M +$19.1M +430,822 +14%
PNC Financial Services Group
14
PNC Financial Services Group
Pennsylvania
$116M +$48.1M +1,082,786 +76%
US Bancorp
15
US Bancorp
Minnesota
$113M +$31.1M +699,505 +40%
Commonwealth Equity Services
16
Commonwealth Equity Services
Massachusetts
$109M +$25.3M +570,319 +32%
CSIA
17
Charles Schwab Investment Advisory
California
$108M +$59.8M +1,345,997 +137%
Citigroup
18
Citigroup
New York
$107M +$96.2M +2,166,999 +1,362%
SEI Investments
19
SEI Investments
Pennsylvania
$83.1M +$11.6M +262,131 +17%
CFA
20
Carroll Financial Associates
North Carolina
$78M -$5.79M -130,311 -7%
FA
21
FDx Advisors
Illinois
$76.8M -$628K -14,138 -0.8%
Northwestern Mutual Wealth Management
22
Northwestern Mutual Wealth Management
Wisconsin
$64.5M +$10.3M +232,054 +20%
Mariner
23
Mariner
Kansas
$62M +$8.61M +193,913 +17%
AWA
24
ARS Wealth Advisors
Florida
$60.3M -$2.73M -61,576 -5%
AIM
25
Astor Investment Management
Illinois
$60M +$5.38M +121,142 +10%

USMV Hedge Fund Activity: Q2 2016 in Review

291 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Min Vol Factor ETF (USMV) for Q2 2016, worth a combined $8B — up 21% from $6.63B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new USMV positions and 16 closed out — a net gain of 20 holders — while 161 added to existing stakes and 72 trimmed.

The largest buyer was Bank of America, adding an estimated $314M. The largest seller was LPL Financial, cutting an estimated $414M.

  • 291 institutional investors held iShares MSCI USA Min Vol Factor ETF (USMV) as of Q2 2016, up from 276 in Q1 2016.
  • Funds reported $8B of iShares MSCI USA Min Vol Factor ETF stock for Q2 2016, up 21% quarter-over-quarter.
  • 36 funds opened new iShares MSCI USA Min Vol Factor ETF positions in Q2 2016 and 16 closed out, a net change of +20 holders.
  • The largest iShares MSCI USA Min Vol Factor ETF buyer in Q2 2016 was Bank of America, an estimated $314M added.
  • The largest iShares MSCI USA Min Vol Factor ETF seller in Q2 2016 was LPL Financial, an estimated $414M sold.

Based on aggregated 13F filings for Q2 2016.