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iShares MSCI USA Min Vol Factor ETF

1,145 hedge funds and large institutions have $22.1B invested in iShares MSCI USA Min Vol Factor ETF in 2023 Q3 according to their latest regulatory filings, with 82 funds opening new positions, 303 increasing their positions, 586 reducing their positions, and 69 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more call options, than puts

Call options by funds: $1.46M | Put options by funds: $767K

19% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 69

4.19% more ownership

Funds ownership: 75.41%79.59% (+4.2%)

1% more capital invested

Capital invested by funds: $22B → $22.1B (+$118M)

0% less funds holding

Funds holding: 1,1471,145 (-2)

9% less funds holding in top 10

Funds holding in top 10: 128117 (-11)

48% less repeat investments, than reductions

Existing positions increased: 303 | Existing positions reduced: 586

Holders
1,145
Holders Change
-2
Holders Change %
-0.17%
% of All Funds
18.17%
Holding in Top 10
117
Holding in Top 10 Change
-11
Holding in Top 10 Change %
-8.59%
% of All Funds
1.86%
New
82
Increased
303
Reduced
586
Closed
69
Calls
$1.46M
Puts
$767K
Net Calls
+$697K
Net Calls Change
-$239K
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$2.89B -$91.6M -1,228,836 -3%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$1.93B +$675M +9,059,409 +52%
Envestnet Asset Management
3
Envestnet Asset Management
Illinois
$1.65B -$333M -4,461,395 -16%
RJA
4
Raymond James & Associates
Florida
$1.16B +$3.61M +48,389 +0.3%
Morgan Stanley
5
Morgan Stanley
New York
$1.08B -$150M -2,013,679 -12%
BlackRock
6
BlackRock
New York
$692M -$45.4M -608,469 -6%
LPL Financial
7
LPL Financial
California
$549M -$41.6M -557,935 -7%
Mercer Global Advisors
8
Mercer Global Advisors
Colorado
$519M +$74.6M +1,000,764 +16%
CAPTRUST Financial Advisors
9
CAPTRUST Financial Advisors
North Carolina
$392M +$4.84M +64,876 +1%
PNC Financial Services Group
10
PNC Financial Services Group
Pennsylvania
$384M +$139M +1,867,739 +54%
Osaic Holdings
11
Osaic Holdings
Arizona
$374M +$151M +2,023,343 +64%
RJFSA
12
Raymond James Financial Services Advisors
Florida
$348M +$9.47M +126,963 +3%
Wells Fargo
13
Wells Fargo
California
$324M -$11M -147,863 -3%
Ameriprise
14
Ameriprise
Minnesota
$312M -$42.3M -567,889 -12%
UBS Group
15
UBS Group
Switzerland
$311M -$12.8M -171,627 -4%
APF
16
Alaska Permanent Fund
Alaska
$299M -$44.1M -591,555 -13%
CCA
17
Catalyst Capital Advisors
New York
$259M +$267M +3,582,132 New
MRC
18
Millburn Ridgefield Corp
New York
$259M +$267M +3,582,132 New
Envestnet Portfolio Solutions
19
Envestnet Portfolio Solutions
Illinois
$247M +$254M +3,412,032 New
Northwestern Mutual Wealth Management
20
Northwestern Mutual Wealth Management
Wisconsin
$222M +$14.1M +188,910 +7%
Carson Wealth (CWM LLC)
21
Carson Wealth (CWM LLC)
Nebraska
$215M -$49.8M -667,824 -18%
JP Morgan Chase
22
JP Morgan Chase
New York
$211M -$18.6M -248,874 -8%
SEI Investments
23
SEI Investments
Pennsylvania
$206M -$393K -5,275 -0.2%
Commonwealth Equity Services
24
Commonwealth Equity Services
Massachusetts
$201M -$19.7M -264,805 -9%
Wealth Enhancement Advisory Services
25
Wealth Enhancement Advisory Services
Minnesota
$178M +$164M +2,193,948 +838%

USMV Hedge Fund Activity: Q3 2023 in Review

1,145 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Min Vol Factor ETF (USMV) for Q3 2023, worth a combined $22.1B — up 0.54% from $22B a quarter earlier.

Buyers outnumbered sellers: 82 funds opened new USMV positions and 69 closed out — a net gain of 13 holders — while 303 added to existing stakes and 586 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $675M. The largest seller was Envestnet Asset Management, cutting an estimated $333M.

  • 1,145 institutional investors held iShares MSCI USA Min Vol Factor ETF (USMV) as of Q3 2023, down from 1,147 in Q2 2023.
  • Funds reported $22.1B of iShares MSCI USA Min Vol Factor ETF stock for Q3 2023, up 0.54% quarter-over-quarter.
  • 82 funds opened new iShares MSCI USA Min Vol Factor ETF positions in Q3 2023 and 69 closed out, a net change of +13 holders.
  • The largest iShares MSCI USA Min Vol Factor ETF buyer in Q3 2023 was Fidelity Investments, an estimated $675M added.
  • The largest iShares MSCI USA Min Vol Factor ETF seller in Q3 2023 was Envestnet Asset Management, an estimated $333M sold.

Based on aggregated 13F filings for Q3 2023.