ISHARES TR (DMAX): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

ISHARES TR (DMAX)

27 + Investors. Track Smart Money conviction in DMAX. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — DMAX

Based on 27 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 3Q

For 1 consecutive quarter, more hedge funds added DMAX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

27 hedge funds hold DMAX right now — the highest count in 1.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🟡

Slight buying edge — 56% buying

15 buying12 selling

Last quarter: 15 funds bought or added vs 12 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter

Funds opening a new DMAX position: 13 → 3 → 10. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔄

Mostly new holders — 78% entered in last year

■ 0% conviction (2yr+) ■ 22% medium ■ 78% new

Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

⚠️

Saturation — most institutions already know this story

13 → 3 → 10 new funds/Q

New funds entering each quarter: 13 → 3 → 10. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.

🌱

Early stage — 100% of holders entered in last year

■ 0% veterans ■ 0% 1-2yr ■ 100% new

Of 27 current holders: 27 (100%) entered in the past year, only 0 (0%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

📋

Smaller funds dominant — 10% AUM from top-100

10% from top-100 AUM funds

3 of 27 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

6.6

out of 10

Moderate Exit Risk

Exit risk score 6.6/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	27	24	12.5%
13F Shares	2M	2M	12.35%
Total Value	$64M	$53M	19.34%
New Positions	10	3	+7
Increased Positions	5	2	+3
Closed Positions	7	3	+4
Reduced Positions	5	11	-6
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

12.5%

13F Shares

12.35%

Total Value

$64M

$53M

19.34%

New Positions

Increased Positions

Closed Positions

Reduced Positions

-6

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

27 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DMAX. Verified SEC 13F-HR filings.

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 18 institutional holders of DMAX — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Crown Wealth Group, LLC	3.89%	498,567	$13.2M
2	J. L. Bainbridge & Co., Inc.	1.61%	682,097	$18.1M
3	FC Advisory LLC	1.19%	152,995	$4.1M
4	ATX Financial Planning, LLC	0.88%	43,520	$1.2M
5	BIP Wealth, LLC	0.82%	760,919	$20.2M
6	Blue Sky Capital Consultants Group, Inc.	0.64%	50,447	$1.3M
7	Encompass More Asset Management	0.14%	32,206	$856K
8	Smith & Howard Wealth Management, LLC	0.13%	23,422	$622K
9	Amplius Wealth Advisors, LLC	0.07%	29,647	$788K
10	Strategic Blueprint, LLC	0.03%	17,908	$476K
11	ARS Investment Partners, LLC	0.01%	9,990	$265K
12	Patriot Financial Group Insurance Agency, LLC	0.01%	7,706	$205K
13	Prosperity Consulting Group, LLC	0.01%	7,827	$208K
14	ENVESTNET ASSET MANAGEMENT INC	0.00%	89,705	$2.4M
15	Farther Finance Advisors, LLC	0.00%	2,345	$62K
16	COMMONWEALTH EQUITY SERVICES, LLC	0.00%	13,533	$360K
17	IFP Advisors, Inc	0.00%	80	$2K
18	UBS Group AG	0.00%	475	$13K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — ISHARES TR (DMAX)

What does the Smart Money Trend signal show for DMAX?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added DMAX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for DMAX?

Slight buying edge — 56% buying: Last quarter: 15 funds bought or added vs 12 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for DMAX holders?

Smaller funds dominant — 10% AUM from top-100: 3 of 27 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held DMAX?

Mostly new holders — 78% entered in last year: Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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ISHARES TR (DMAX)

Smart Money Signals — DMAX

Buying streak — 1 quarter in a row

At the ownership peak (100% of max)

Slight buying edge — 56% buying

More new buyers each quarter (+7 vs last Q)

Mostly new holders — 78% entered in last year

Saturation — most institutions already know this story

Early stage — 100% of holders entered in last year

Smaller funds dominant — 10% AUM from top-100

Hedge Fund Ownership: DMAX

Market Analysis: DMAX

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: DMAX

Hedge Fund Positioning: DMAX

Statistics: DMAX

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — ISHARES TR (DMAX)

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