iShares MSCI USA Min Vol Factor ETF
USMV
1,226 hedge funds and large institutions have $20.9B invested in iShares MSCI USA Min Vol Factor ETF in 2023 Q4 according to their latest regulatory filings, with 172 funds opening new positions, 263 increasing their positions, 649 reducing their positions, and 70 closing their positions.
153% more call options, than puts
Call options by funds: $1.01M | Put options by funds: $398K
146% more first-time investments, than exits
New positions opened: 172 | Existing positions closed: 70
7% more funds holding
Funds holding: 1,146 → 1,226 (+80)
1.15% less ownership
Funds ownership: 79.37% → 78.22% (-1.1%)
5% less capital invested
Capital invested by funds: $22B → $20.9B (-$1.16B)
9% less funds holding in top 10
Funds holding in top 10: 117 → 107 (-10)
59% less repeat investments, than reductions
Existing positions increased: 263 | Existing positions reduced: 649
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$283M |
| 2 |
Morgan Stanley
New York
|
+$216M |
| 3 |
JP Morgan Chase
New York
|
+$135M |
| 4 |
Mercer Global Advisors
Denver,
Colorado
|
+$60.9M |
| 5 |
VI
Vestcor Inc
Fredericton,
New Brunswick, Canada
|
+$55.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$541M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$449M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$422M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$242M |
| 5 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$233M |
USMV Hedge Fund Activity: Q4 2023 in Review
1,226 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Min Vol Factor ETF (USMV) for Q4 2023, worth a combined $20.9B — down 5.3% from $22B a quarter earlier.
Buyers outnumbered sellers: 172 funds opened new USMV positions and 70 closed out — a net gain of 102 holders — while 263 added to existing stakes and 649 trimmed.
The largest buyer was PNC Financial Services Group, adding an estimated $283M. The largest seller was Envestnet Asset Management, cutting an estimated $541M.
- 1,226 institutional investors held iShares MSCI USA Min Vol Factor ETF (USMV) as of Q4 2023, up from 1,146 in Q3 2023.
- Funds reported $20.9B of iShares MSCI USA Min Vol Factor ETF stock for Q4 2023, down 5.3% quarter-over-quarter.
- 172 funds opened new iShares MSCI USA Min Vol Factor ETF positions in Q4 2023 and 70 closed out, a net change of +102 holders.
- The largest iShares MSCI USA Min Vol Factor ETF buyer in Q4 2023 was PNC Financial Services Group, an estimated $283M added.
- The largest iShares MSCI USA Min Vol Factor ETF seller in Q4 2023 was Envestnet Asset Management, an estimated $541M sold.
Based on aggregated 13F filings for Q4 2023.