iShares MSCI USA Min Vol Factor ETF
USMV
766 hedge funds and large institutions have $23B invested in iShares MSCI USA Min Vol Factor ETF in 2019 Q3 according to their latest regulatory filings, with 116 funds opening new positions, 419 increasing their positions, 142 reducing their positions, and 36 closing their positions.
222% more first-time investments, than exits
New positions opened: 116 | Existing positions closed: 36
195% more repeat investments, than reductions
Existing positions increased: 419 | Existing positions reduced: 142
60% more call options, than puts
Call options by funds: $7.64M | Put options by funds: $4.76M
25% more capital invested
Capital invested by funds: $18.4B → $23B (+$4.53B)
21% more funds holding in top 10
Funds holding in top 10: 173 → 209 (+36)
11% more funds holding
Funds holding: 691 → 766 (+75)
1.22% more ownership
Funds ownership: 64.65% → 65.87% (+1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$390M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$357M |
| 3 |
BlackRock
New York
|
+$308M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$266M |
| 5 |
KeyBank National Association
Cleveland,
Ohio
|
+$246M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCC
Dow Chemical Company
Midland,
Michigan
|
-$127M |
| 2 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$71.8M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$37.5M |
| 4 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
-$27.5M |
| 5 |
RPGK
Retirement Planning Group (Kansas)
Leawood,
Kansas
|
-$26.6M |
USMV Hedge Fund Activity: Q3 2019 in Review
766 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Min Vol Factor ETF (USMV) for Q3 2019, worth a combined $23B — up 25% from $18.4B a quarter earlier.
Buyers outnumbered sellers: 116 funds opened new USMV positions and 36 closed out — a net gain of 80 holders — while 419 added to existing stakes and 142 trimmed.
The largest buyer was LPL Financial, adding an estimated $390M. The largest seller was Dow Chemical Company, cutting an estimated $127M.
- 766 institutional investors held iShares MSCI USA Min Vol Factor ETF (USMV) as of Q3 2019, up from 691 in Q2 2019.
- Funds reported $23B of iShares MSCI USA Min Vol Factor ETF stock for Q3 2019, up 25% quarter-over-quarter.
- 116 funds opened new iShares MSCI USA Min Vol Factor ETF positions in Q3 2019 and 36 closed out, a net change of +80 holders.
- The largest iShares MSCI USA Min Vol Factor ETF buyer in Q3 2019 was LPL Financial, an estimated $390M added.
- The largest iShares MSCI USA Min Vol Factor ETF seller in Q3 2019 was Dow Chemical Company, an estimated $127M sold.
Based on aggregated 13F filings for Q3 2019.