In our recent analysis at Holdings Channel, we examined the latest 13F filings from December 31, 2024, and discovered that 13 hedge funds held the iShares Trust – iShares Russell 2000 ETF (Symbol: IWM). When several hedge fund managers are in agreement, it often prompts a closer inspection of their positions.
Understanding 13F Filings
It is essential to note that 13F filings provide a limited perspective. These reports reveal only the long positions of funds with the SEC, leaving out any short positions. For instance, a fund might short a stock while also holding a long position, which can create a misleading impression of their overall stance. The bearish side of their strategy remains concealed.
Changes in Positions for IWM
Despite this limitation, reviewing groups of 13F filings can offer valuable insights—especially when a comparison is made over different time frames. Below is the data on changes in IWM positions among the latest 13F filers:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000’s) |
|---|---|---|---|
| Breed s Hill Capital LLC | Existing | –46 | –$10 |
| Vise Technologies Inc. | Existing | +1,668 | +$369 |
| Pettinga Financial Advisors LLC | Existing | +150 | +$33 |
| Retirement Planning Group LLC | Existing | –437 | –$96 |
| AAF Wealth Management LLC | Existing | –16 | –$3 |
| Pinnacle Wealth Management LLC | Existing | –932 | –$202 |
| Navalign LLC | Existing | –91 | –$20 |
| Northwest Bank & Trust Co | Existing | UNCH | +$5 |
| Breakthru Advisory Services LLC | NEW | +15,644 | +$3,457 |
| Mittelman Wealth Management | NEW | +4,755 | +$1,051 |
| Sunbelt Securities Inc. | Existing | –2,508 | –$556 |
| GTS Securities LLC | Existing | +259,649 | +$57,345 |
| Alpine Global Management LLC | Existing | +32,648 | +$7,215 |
| Aggregate Change: | +310,484 | +$68,588 | |
Current Trends Among Hedge Funds
Out of the funds listed, four increased their existing IWM positions from September 30 to December 31, 2024. Meanwhile, six funds reduced their stakes, and two initiated new positions. Notably, BCK Capital Management LP exited its holding in IWM common stock by December 31, 2024.
Overall Hedge Fund Activity
We also examined the aggregate IWM share count across all funds that held it as of December 31, 2024, out of a total of 7,731 funds analyzed. When comparing the total share count to the previous quarter, hedge funds added 810,957 shares, raising the total from 299,471,948 to 300,282,905—a modest increase of approximately 0.27%. The three largest funds holding IWM as of December 31, 2024, are worth noting.
We will continue to monitor the latest 13F filings and report on interesting trends based on the aggregate information across various funds. While individual filings can sometimes be misleading due to the nature of long-only disclosures, a broader view across groups of funds over different periods often reveals significant insights, providing stock ideas worthy of deeper investigation, such as the iShares Trust – iShares Russell 2000 ETF (Symbol: IWM).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
