iShares MSCI USA Min Vol Factor ETF
USMV
878 hedge funds and large institutions have $20.6B invested in iShares MSCI USA Min Vol Factor ETF in 2020 Q1 according to their latest regulatory filings, with 85 funds opening new positions, 379 increasing their positions, 331 reducing their positions, and 118 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 379 | Existing positions reduced: 331
0.98% more ownership
Funds ownership: 65.59% → 66.57% (+0.98%)
5% less funds holding
Funds holding: 924 → 878 (-46)
6% less funds holding in top 10
Funds holding in top 10: 251 → 237 (-14)
16% less capital invested
Capital invested by funds: $24.5B → $20.6B (-$3.91B)
28% less first-time investments, than exits
New positions opened: 85 | Existing positions closed: 118
84% less call options, than puts
Call options by funds: $15.3M | Put options by funds: $97.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$183M |
| 2 |
M&T Bank
Buffalo,
New York
|
+$176M |
| 3 |
Morgan Stanley
New York
|
+$151M |
| 4 |
NLI
Nippon Life Insurance
Tokyo,
Japan
|
+$121M |
| 5 |
Two Sigma Advisers
New York
|
+$81.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$106M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$103M |
| 3 |
HI
Horizon Investments
Charlotte,
North Carolina
|
-$88.8M |
| 4 |
SCA
Stuart Chaussee & Associates
Palos Verdes Estates,
California
|
-$83M |
| 5 |
PI
PFS Investments
Duluth,
Georgia
|
-$74M |
USMV Hedge Fund Activity: Q1 2020 in Review
878 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Min Vol Factor ETF (USMV) for Q1 2020, worth a combined $20.6B — down 16% from $24.5B a quarter earlier.
Sellers outnumbered buyers: 118 funds closed out of USMV and 85 opened new positions — a net loss of 33 holders — while 331 trimmed existing stakes and 379 added.
The largest buyer was Envestnet Asset Management, adding an estimated $183M. The largest seller was Fidelity Investments, cutting an estimated $106M.
- 878 institutional investors held iShares MSCI USA Min Vol Factor ETF (USMV) as of Q1 2020, down from 924 in Q4 2019.
- Funds reported $20.6B of iShares MSCI USA Min Vol Factor ETF stock for Q1 2020, down 16% quarter-over-quarter.
- 85 funds opened new iShares MSCI USA Min Vol Factor ETF positions in Q1 2020 and 118 closed out, a net change of -33 holders.
- The largest iShares MSCI USA Min Vol Factor ETF buyer in Q1 2020 was Envestnet Asset Management, an estimated $183M added.
- The largest iShares MSCI USA Min Vol Factor ETF seller in Q1 2020 was Fidelity Investments, an estimated $106M sold.
Based on aggregated 13F filings for Q1 2020.