iShares MSCI USA Min Vol Factor ETF
USMV
1,364 hedge funds and large institutions have $16B invested in iShares MSCI USA Min Vol Factor ETF in 2026 Q1 according to their latest regulatory filings, with 106 funds opening new positions, 415 increasing their positions, 576 reducing their positions, and 93 closing their positions.
14% more first-time investments, than exits
New positions opened: 106 | Existing positions closed: 93
1% less funds holding
Funds holding: 1,375 → 1,364 (-11)
5% less capital invested
Capital invested by funds: $16.9B → $16B (-$817M)
3.02% less ownership
Funds ownership: 74.01% → 70.99% (-3%)
10% less funds holding in top 10
Funds holding in top 10: 72 → 65 (-7)
28% less repeat investments, than reductions
Existing positions increased: 415 | Existing positions reduced: 576
47% less call options, than puts
Call options by funds: $872K | Put options by funds: $1.64M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$298M |
| 2 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$106M |
| 3 |
RWM
Ritholtz Wealth Management
New York
|
+$76M |
| 4 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
+$54.1M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$47.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$248M |
| 2 |
Morgan Stanley
New York
|
-$236M |
| 3 |
JP Morgan Chase
New York
|
-$159M |
| 4 |
Two Sigma Investments
New York
|
-$118M |
| 5 |
BlackRock
New York
|
-$89.5M |
USMV Hedge Fund Activity: Q1 2026 in Review
1,364 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Min Vol Factor ETF (USMV) for Q1 2026, worth a combined $16B — down 4.8% from $16.9B a quarter earlier.
Buyers outnumbered sellers: 106 funds opened new USMV positions and 93 closed out — a net gain of 13 holders — while 415 added to existing stakes and 576 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $298M. The largest seller was Wealth Enhancement Advisory Services, cutting an estimated $248M.
- 1,364 institutional investors held iShares MSCI USA Min Vol Factor ETF (USMV) as of Q1 2026, down from 1,375 in Q4 2025.
- Funds reported $16B of iShares MSCI USA Min Vol Factor ETF stock for Q1 2026, down 4.8% quarter-over-quarter.
- 106 funds opened new iShares MSCI USA Min Vol Factor ETF positions in Q1 2026 and 93 closed out, a net change of +13 holders.
- The largest iShares MSCI USA Min Vol Factor ETF buyer in Q1 2026 was Fidelity Investments, an estimated $298M added.
- The largest iShares MSCI USA Min Vol Factor ETF seller in Q1 2026 was Wealth Enhancement Advisory Services, an estimated $248M sold.
Based on aggregated 13F filings for Q1 2026.