iShares MSCI USA Min Vol Factor ETF
USMV
1,376 hedge funds and large institutions have $16.8B invested in iShares MSCI USA Min Vol Factor ETF in 2025 Q4 according to their latest regulatory filings, with 176 funds opening new positions, 426 increasing their positions, 540 reducing their positions, and 82 closing their positions.
115% more first-time investments, than exits
New positions opened: 176 | Existing positions closed: 82
5% more funds holding
Funds holding: 1,305 → 1,376 (+71)
1.79% more ownership
Funds ownership: 72.19% → 73.98% (+1.8%)
2% less capital invested
Capital invested by funds: $17.1B → $16.8B (-$281M)
3% less funds holding in top 10
Funds holding in top 10: 74 → 72 (-2)
21% less repeat investments, than reductions
Existing positions increased: 426 | Existing positions reduced: 540
58% less call options, than puts
Call options by funds: $2.65M | Put options by funds: $6.37M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$190M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$74.7M |
| 3 |
Morgan Stanley
New York
|
+$43.9M |
| 4 |
VI
Vestcor Inc
Fredericton,
New Brunswick, Canada
|
+$32.3M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$24.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCM
Junto Capital Management
New York
|
-$85.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$72.6M |
| 3 |
BlackRock
New York
|
-$52M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$42.4M |
| 5 |
DWM
Dynasty Wealth Management
St. Petersburg,
Florida
|
-$34.7M |
USMV Hedge Fund Activity: Q4 2025 in Review
1,376 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Min Vol Factor ETF (USMV) for Q4 2025, worth a combined $16.8B — down 1.6% from $17.1B a quarter earlier.
Buyers outnumbered sellers: 176 funds opened new USMV positions and 82 closed out — a net gain of 94 holders — while 426 added to existing stakes and 540 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $190M. The largest seller was Junto Capital Management, exiting entirely with an estimated $85.1M sold.
- 1,376 institutional investors held iShares MSCI USA Min Vol Factor ETF (USMV) as of Q4 2025, up from 1,305 in Q3 2025.
- Funds reported $16.8B of iShares MSCI USA Min Vol Factor ETF stock for Q4 2025, down 1.6% quarter-over-quarter.
- 176 funds opened new iShares MSCI USA Min Vol Factor ETF positions in Q4 2025 and 82 closed out, a net change of +94 holders.
- The largest iShares MSCI USA Min Vol Factor ETF buyer in Q4 2025 was Fidelity Investments, an estimated $190M added.
- The largest iShares MSCI USA Min Vol Factor ETF seller in Q4 2025 was Junto Capital Management, an estimated $85.1M sold.
Based on aggregated 13F filings for Q4 2025.