iShares Russell Top 200
IWL • ARCA
iShares Russell Top 200 is an exchange-traded fund on ARCA. As of Q3 2025, 202 institutional investors hold shares in this ETF, with total holdings valued at $1.3B. MORGAN STANLEY is the largest holder with a position valued at $113.5M.
Overview
Overview of institutional ownership in IWL as of Q3 2025
All Institutions
- Institutions
- 202
- Value Held
- $1.3B
- Shares Held
- 7.9M
- Avg Position
- $6.5M
- Median Position
- $685.0K
Hedge Funds
- Hedge Funds
- 4
- Value Held
- $65.4M
- Shares Held
- 393.8K
- Avg Position
- $16.4M
- Median Position
- $12.5M
Biggest Investors
Institutions with the largest positions in IWL as of Q3 2025
| Institution | Position Value |
|---|---|
 MORGAN STANLEY RIA/Wealth | $113.5M 0.01% of portfolio |
 BANK OF AMERICA CORP /DE/ Institution | $103.4M 0.01% of portfolio |
T TOMPKINS FINANCIAL CORP Institution | $91.8M 7.68% of portfolio |
 Gilbert & Cook, Inc. RIA/Wealth | $85.6M 11.00% of portfolio |
 Richmond Investment Services, LLC RIA/Wealth | $64.1M 11.97% of portfolio |
 AMERIPRISE FINANCIAL INC Institution | $59.5M 0.01% of portfolio |
 Lido Advisors, LLC RIA/Wealth | $55.3M 0.23% of portfolio |
L LPL Financial LLC Institution | $43.4M 0.01% of portfolio |
 FreeGulliver LLC Hedge Fund•Multi-Strategy | $40.1M 18.08% of portfolio |
H Heck Capital Advisors, LLC RIA/Wealth | $33.9M 2.70% of portfolio |
Net Capital Flow
Institutional buying and selling activity for IWL in Q3 2025
- Traded
- −$1.9M
- Buyers
- 88
- Sellers
- 83
- Total Bought
- +$51.4M
- Total Sold
- −$53.3M
- Avg Position
- $6.1M
Biggest Buyers
| Institution | Net Bought |
|---|---|
 GOLDMAN SACHS GROUP INC Institution | +$6.2M +37.6K shares |
R ROYAL BANK OF CANADA Institution | +$3.9M +23.5K shares |
Lido Advisors, LLC RIA/Wealth | +$3.9M +23.3K shares |
 Stratos Wealth Partners, LTD. RIA/Wealth | +$3.8M +23.1K shares |
 MANCHESTER FINANCIAL INC RIA/Wealth | +$3.5M +21.2K shares |
 UBS Group AG Institution | +$3.1M +18.7K shares |
 Buckingham Strategic Partners RIA/Wealth | +$2.7M +16.0K shares |
W WIN ADVISORS, INC RIA/Wealth | +$1.9M +11.4K shares |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | +$1.7M +10.5K shares |
P PATTEN & PATTEN INC/TN Institution | +$1.6M +9.9K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 McKinley Carter Wealth Services, Inc. RIA/Wealth | −$11.9M −71.5K shares |
 ING INVESTMENT MANAGEMENT LLC Insurance Manager | −$5.5M −33.1K shares |
 TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | −$4.1M −24.7K shares |
Gilbert & Cook, Inc. RIA/Wealth | −$2.6M −15.9K shares |
 Armis Advisers, LLC RIA/Wealth | −$2.1M −13.6K shares |
G GTS SECURITIES LLC Institution | −$1.8M −10.9K shares |
 Optivise Advisory Services LLC RIA/Wealth | −$1.7M −11.2K shares |
 JPMORGAN CHASE & CO Institution | −$1.6M −9.7K shares |
 KM Capital Management Ltd. RIA/Wealth | −$1.6M −9.6K shares |
 Miracle Mile Advisors, LLC RIA/Wealth | −$1.5M −9.1K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited IWL in Q3 2025
- New Positions
- 14
- New Value
- $5.9M
- Exited Positions
- 14
- Exited Value
- $7.9M
New Positions
| Institution | Position Value |
|---|---|
P PATTEN & PATTEN INC/TN Institution | $1.6M 9.9K shares |
 Procyon Private Wealth Partners, LLC RIA/Wealth | $1.2M 7.2K shares |
 Summit Financial, LLC RIA/Wealth | $934.1K 5.6K shares |
 Diversified Trust Co RIA/Wealth | $474.9K 2.9K shares |
S Secure Asset Management, LLC RIA/Wealth | $368.6K 2.2K shares |
 NWF Advisory Services Inc. RIA/Wealth | $301.5K 1.8K shares |
 IFG Advisory, LLC RIA/Wealth | $260.3K 1.6K shares |
C CLS Investments, LLC Institution | $213.9K 1.3K shares |
 Orca Investment Management, LLC RIA/Wealth | $206.7K 1.2K shares |
I Iowa State Bank Institution | $203.0K 1.2K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
Armis Advisers, LLC RIA/Wealth | $2.1M 13.6K shares |
Optivise Advisory Services LLC RIA/Wealth | $1.7M 11.2K shares |
 Hershey Financial Advisers, LLC RIA/Wealth | $1.2M 7.8K shares |
 Marshall Wace LLP Institution | $1.1M 7.0K shares |
P | $866.5K 5.7K shares |
 Kovitz Investment Group Partners, LLC RIA/Wealth | $260.3K 1.7K shares |
 Tradewinds, LLC. RIA/Wealth | $250.7K 1.6K shares |
 VICTORY FINANCIAL GROUP, LLC RIA/Wealth | $221.4K 1.4K shares |
A Atlas Private Wealth Advisors RIA/Wealth | $214.4K 1.4K shares |
 CHILTON CAPITAL MANAGEMENT LLC RIA/Wealth | $39.7K 259.0 shares |
Options Activity
Institutions with the largest Call and Put options positions in IWL as of Q3 2025
- Call Positions
- 0
- Call Value
- -
- Put Positions
- 0
- Put Value
- -
Call Positions
| Institution | Position Value |
|---|---|
| No call positions found | |
Put Positions
| Institution | Position Value |
|---|---|
| No put positions found | |
Most Committed Institutions
Institutions with IWL as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
FreeGulliver LLC Hedge Fund•Multi-Strategy | 18.08% $40.1M |
Richmond Investment Services, LLC RIA/Wealth | 11.97% $64.1M |
 Reliant Wealth Planning RIA/Wealth | 11.82% $33.5M |
S SEARCY FINANCIAL SERVICES INC /ADV RIA/Wealth | 11.27% $29.6M |
Gilbert & Cook, Inc. RIA/Wealth | 11.00% $85.6M |
T TOMPKINS FINANCIAL CORP Institution | 7.68% $91.8M |
KM Capital Management Ltd. RIA/Wealth | 7.20% $15.0M |
 WFA Asset Management Corp RIA/Wealth | 6.87% $12.6M |
 ARCADIA INVESTMENT ADVISORS LLC RIA/Wealth | 5.91% $12.2M |
MANCHESTER FINANCIAL INC RIA/Wealth | 3.90% $19.3M |
Hedge Fund Spotlight
Discover hedge funds investing in IWL
FreeGulliver LLC
Hedge Fund • Multi-Strategy
Portfolio ManagerFrank Friedler
- Portfolio Value
- $221.6M
- Positions
- 94
- Last Reported
- Q3 2025
Sector Allocation
Position in iShares Russell Top 200
- Market Value
- $40.1M
- Shares Held
- 241.3K
- Portfolio Weight
- 18.08%
- Owned Since
- 2023-Q4
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Banks - Diversified Financial Services | $51.1M | 23.05% | |
ETF ETF | $40.1M | 18.08% | |
ETF ETF | $12.9M | 5.83% |
