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iShares MSCI USA Min Vol Factor ETF

880 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, 333 reducing their positions, and 118 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 379 | Existing positions reduced: 333

1.71% more ownership

Funds ownership: 65.62%67.33% (+1.7%)

5% less funds holding

Funds holding: 924880 (-44)

6% less funds holding in top 10

Funds holding in top 10: 251237 (-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

Holders
880
Holders Change
-44
Holders Change %
-4.76%
% of All Funds
19.39%
Holding in Top 10
237
Holding in Top 10 Change
-14
Holding in Top 10 Change %
-5.58%
% of All Funds
5.22%
New
85
Increased
379
Reduced
333
Closed
118
Calls
$15.3M
Puts
$97.3M
Net Calls
-$82M
Net Calls Change
-$94.7M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$2.13B +$46M +725,504 +2%
RJA
2
Raymond James & Associates
Florida
$1.22B +$6.63M +104,574 +0.5%
Wells Fargo
3
Wells Fargo
California
$975M -$25.8M -406,980 -2%
Morgan Stanley
4
Morgan Stanley
New York
$963M +$151M +2,374,301 +15%
LPL Financial
5
LPL Financial
California
$896M +$11M +173,412 +1%
Envestnet Asset Management
6
Envestnet Asset Management
Illinois
$843M +$183M +2,890,388 +23%
BlackRock
7
BlackRock
New York
$772M -$10.2M -160,586 -1%
Ameriprise
8
Ameriprise
Minnesota
$640M -$11.5M -181,245 -2%
RJFSA
9
Raymond James Financial Services Advisors
Florida
$581M +$38.8M +611,502 +6%
UBS Group
10
UBS Group
Switzerland
$520M -$9.48M -149,406 -2%
NLI
11
Nippon Life Insurance
Japan
$393M +$121M +1,899,548 +35%
Northwestern Mutual Wealth Management
12
Northwestern Mutual Wealth Management
Wisconsin
$393M +$27.5M +433,226 +6%
Osaic Holdings
13
Osaic Holdings
Arizona
$331M +$661M +10,422,213 New
Commonwealth Equity Services
14
Commonwealth Equity Services
Massachusetts
$323M +$34.4M +542,438 +10%
PNC Financial Services Group
15
PNC Financial Services Group
Pennsylvania
$318M +$12.3M +193,129 +3%
KeyBank National Association
16
KeyBank National Association
Ohio
$316M +$60.7M +956,204 +20%
Manulife (Manufacturers Life Insurance)
17
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$239M -$103M -1,630,221 -27%
BCM
18
Brookstone Capital Management
Illinois
$229M -$23.2M -365,199 -8%
S
19
SignatureFD
Georgia
$223M +$15M +235,990 +6%
US Bancorp
20
US Bancorp
Minnesota
$209M -$4.59M -72,300 -2%
Fidelity Investments
21
Fidelity Investments
Massachusetts
$186M -$106M -1,677,049 -33%
Mariner
22
Mariner
Kansas
$169M -$5.7M -89,811 -3%
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$154M +$4.54M +71,584 +3%
M&T Bank
24
M&T Bank
New York
$150M +$176M +2,771,652 New
Carson Wealth (CWM LLC)
25
Carson Wealth (CWM LLC)
Nebraska
$135M

USMV Hedge Fund Activity: Q1 2020 in Review

880 of the 4,539 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 333 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.

  • 880 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.