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

ISHARES TR (SMMD)

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

Smart Money Signals — SMMD

Based on 206 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added SMMD 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

206 hedge funds hold SMMD right now — the highest count in 3.0 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.

📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q

+22 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟢

More buyers than sellers — 70% buying

127 buying55 selling

Last quarter: 127 funds were net buyers (36 opened a brand new position + 91 added to an existing one). Only 55 were sellers (47 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+24 vs last Q)

new funds entering per quarter

Funds opening a new SMMD position: 15 → 26 → 12 → 36. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

48% of holders stayed for 2+ years

■ 48% conviction (2yr+) ■ 29% medium ■ 23% new

98 out of 206 hedge funds have held SMMD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

📈

Growing discovery — still being found

34 → 15 → 26 → 12 → 36 new funds/Q

New funds entering each quarter: 15 → 26 → 12 → 36. A growing number of institutions are discovering SMMD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Deep conviction — 46% of holders stayed 2+ years

■ 46% veterans ■ 18% 1-2yr ■ 35% new

Of 206 current holders: 95 (46%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

✅

Strong quality — 22% AUM from major funds

22% from top-100 AUM funds

17 of 206 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.7

out of 10

Low Exit Risk

Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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	206	178	15.73%
13F Shares	23M	14M	63.97%
Total Value	$1.83B	$1.05B	74.47%
New Positions	36	12	+24
Increased Positions	91	80	+11
Closed Positions	8	17	-9
Reduced Positions	47	53	-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

206

178

15.73%

13F Shares

23M

14M

63.97%

Total Value

$1.83B

$1.05B

74.47%

New Positions

+24

Increased Positions

+11

Closed Positions

-9

Reduced Positions

-6

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

206 + investors

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

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 25 institutional holders of SMMD — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Diesslin Group, Inc.	10.01%	291,193	$22.2M
2	Kendall Capital Management	5.55%	354,936	$27.1M
3	Heritage Family Offices, LLP	5.16%	152,444	$11.6M
4	QP WEALTH MANAGEMENT, LLC	4.49%	34,313	$2.6M
5	Benchmark Financial Wealth Advisors, LLC	1.86%	87,975	$6.7M
6	Andina Capital Management, LLC	1.69%	25,020	$1.9M
7	CMH Wealth Management LLC	1.64%	125,051	$9.5M
8	CENTRAL TRUST Co	1.43%	949,678	$72.5M
9	Ulland Investment Advisors, LLC	1.13%	17,259	$1K
10	James J. Burns & Company, LLC	0.76%	73,776	$5.6M
11	Thayer Financial, L.L.C.	0.71%	9,059	$692K
12	FORT WASHINGTON INVESTMENT ADVISORS INC /OH/	0.64%	1,504,650	$114.9M
13	Berger Financial Group, Inc	0.61%	143,458	$11.0M
14	HF Advisory Group, LLC	0.50%	19,297	$1.5M
15	CWA Asset Management Group, LLC	0.49%	187,140	$14.3M
16	Fairman Group, LLC	0.47%	7,258	$554K
17	FIFTH THIRD BANCORP	0.43%	3,058,941	$233.6M
18	Wealthcare Advisory Partners LLC	0.40%	271,761	$20.7M
19	Value Investment Professionals, LLC	0.39%	3,750	$348K
20	SigFig Wealth Management, LLC	0.35%	157,244	$12.0M
21	Wealthspire Advisors, LLC	0.32%	540,334	$41.3M
22	L.K. Benson & Company, P.C.	0.28%	11,147	$851K
23	USAdvisors Wealth Management, LLC	0.28%	11,450	—
24	Mayfair Advisory Group, LLC	0.20%	7,611	$581K
25	World Investment Advisors	0.20%	163,073	$12.5M

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 (SMMD)

What does the Smart Money Trend signal show for SMMD?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added SMMD 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 SMMD?

More buyers than sellers — 70% buying: Last quarter: 127 funds were net buyers (36 opened a brand new position + 91 added to an existing one). Only 55 were sellers (47 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for SMMD holders?

Strong quality — 22% AUM from major funds: 17 of 206 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held SMMD?

48% of holders stayed for 2+ years: 98 out of 206 hedge funds have held SMMD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

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 (SMMD)

Smart Money Signals — SMMD

Buying streak — 1 quarter in a row

At the ownership peak (100% of max)

Steady growth — +12% more funds vs a year ago

More buyers than sellers — 70% buying

More new buyers each quarter (+24 vs last Q)

48% of holders stayed for 2+ years

Growing discovery — still being found

Deep conviction — 46% of holders stayed 2+ years

Strong quality — 22% AUM from major funds

Hedge Fund Ownership: SMMD

Market Analysis: SMMD

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: SMMD

Hedge Fund Positioning: SMMD

Statistics: SMMD

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — ISHARES TR (SMMD)

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