iShares MSCI USA Min Vol Factor ETF
USMV
1,380 hedge funds and large institutions have $16.5B invested in iShares MSCI USA Min Vol Factor ETF in 2026 Q2 according to their latest regulatory filings, with 122 funds opening new positions, 422 increasing their positions, 572 reducing their positions, and 94 closing their positions.
30% more first-time investments, than exits
New positions opened: 122 | Existing positions closed: 94
3% more capital invested
Capital invested by funds: $16B → $16.5B (+$495M)
1% more funds holding
Funds holding: 1,370 → 1,380 (+10)
0.62% more ownership
Funds ownership: 70.99% → 71.61% (+0.62%)
12% less funds holding in top 10
Funds holding in top 10: 65 → 57 (-8)
26% less repeat investments, than reductions
Existing positions increased: 422 | Existing positions reduced: 572
53% less call options, than puts
Call options by funds: $926K | Put options by funds: $1.96M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$159M |
| 2 |
Morgan Stanley
New York
|
+$122M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$63.4M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$37.4M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$37.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$81.9M |
| 2 |
RWM
Ritholtz Wealth Management
New York
|
-$75.5M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$53.1M |
| 4 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$40.9M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$40.7M |
USMV Hedge Fund Activity: Q2 2026 in Review
1,380 of the 8,345 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Min Vol Factor ETF (USMV) for Q2 2026, worth a combined $16.5B — up 3.1% from $16B a quarter earlier.
Buyers outnumbered sellers: 122 funds opened new USMV positions and 94 closed out — a net gain of 28 holders — while 422 added to existing stakes and 572 trimmed.
The largest buyer was LPL Financial, adding an estimated $159M. The largest seller was Two Sigma Investments, cutting an estimated $81.9M.
- 1,380 institutional investors held iShares MSCI USA Min Vol Factor ETF (USMV) as of Q2 2026, up from 1,370 in Q1 2026.
- Funds reported $16.5B of iShares MSCI USA Min Vol Factor ETF stock for Q2 2026, up 3.1% quarter-over-quarter.
- 122 funds opened new iShares MSCI USA Min Vol Factor ETF positions in Q2 2026 and 94 closed out, a net change of +28 holders.
- The largest iShares MSCI USA Min Vol Factor ETF buyer in Q2 2026 was LPL Financial, an estimated $159M added.
- The largest iShares MSCI USA Min Vol Factor ETF seller in Q2 2026 was Two Sigma Investments, an estimated $81.9M sold.
Based on aggregated 13F filings for Q2 2026.