USMV β€” ISHARES MSCI USA MIN VOL FACTOR ETF

Ownership history in Bellwether Advisors, LLC  Β·  21 quarters on record

This page tracks every 13F SEC filing in which Bellwether Advisors, LLC reported a position in ISHARES MSCI USA MIN VOL FACTOR ETF (USMV). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
4.95% (2020 Q4)
πŸ“Š Avg. % of fund
2.55%
πŸ“… First filed
2020 Q4
πŸ“… Last filed
2025 Q4
⏱ Quarters held
21

Position Intelligence

Bellwether Advisors, LLC Γ— USMV AI Analytics

πŸ“‰ Bellwether Advisors, LLC underperformed the S&P 500 by –9.3% annually on this USMV position. Timing score: 30% (6/20 decisions correct). Average cost basis: $62.78. Maximum drawdown during holding period: –17.4%.

πŸ“ˆ Position Alpha vs SPY
-9.3%
annualised excess return

❌ Significantly underperformed the S&P 500 by 9.3% ann.
11 quarters analyzed

⏱️ Timing Score
30%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
6 of 20 add/trim decisions correct

πŸ’° Entry Quality
$62.78
+49.4% vs current ($93.77)

Best entry: $62.32 (2020 Q4)  Β·  Worst: $94.36 (2025 Q3)

πŸ›‘οΈ Drawdown Resilience
–17.4%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
33%
buy-side decisions

7 adds Β· 14 trims. Bought during 2 of 6 down-price quarters. πŸ“‰ Predominantly trimming β€” distribution phase.

πŸ“‘ Position Trajectory
↓ Shrinking
last 4–5 quarters trend

πŸ“‰ Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 1.57% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    USMV price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 ADDED 104,166 +848 +0.8% 1.57% $9.8M $93.77
2025 Q3 ADDED 103,318 +395 +0.4% 1.63% $9.8M $94.36
2025 Q2 REDUCED 102,923 -275 -0.3% 1.65% $9.7M $92.74
2025 Q1 ADDED 103,198 +444 +0.4% 2.02% $9.7M $92.21
2024 Q4 REDUCED 102,754 -503 -0.5% 1.63% $9.1M $87.11
2024 Q3 ADDED 103,257 +237 +0.2% 1.81% $9.4M $89.17
2024 Q2 ADDED 103,020 +540 +0.5% 1.81% $8.6M $81.63
2024 Q1 REDUCED 102,480 -109 -0.1% 1.88% $8.6M $80.97
2023 Q4 REDUCED 102,589 -66 -0.1% 1.97% $8.0M $75.26
2023 Q3 REDUCED 102,655 -3,126 -3.0% 2.02% $7.4M $69.43
11 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history
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