Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

ISHARES TOP 20 U.S. STOCKS ETF (TOPT)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +16
Streak
6Q ▲
Buyers last Q
73%

Smart Money Signals — TOPT

Based on 75 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 6 quarters in a row

last 6Q
For 6 consecutive quarters, more hedge funds added TOPT 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
75 hedge funds hold TOPT 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.
🚀

Fast accumulation — +369% more funds vs a year ago

fund count last 6Q
+59 new funds entered over the past year (+369% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 73% buying

53 buying20 selling
Last quarter: 53 funds were net buyers (22 opened a brand new position + 31 added to an existing one). Only 20 were sellers (14 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~22 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 15 → 16 → 22 → 22. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 60% entered in last year

■ 8% conviction (2yr+) ■ 32% medium ■ 60% new
Only 6 funds (8%) 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.
📈

Growing discovery — still being found

16 → 15 → 16 → 22 → 22 new funds/Q
New funds entering each quarter: 15 → 16 → 22 → 22. A growing number of institutions are discovering TOPT each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱

Early stage — 91% of holders entered in last year

■ 9% veterans ■ 0% 1-2yr ■ 91% new
Of 77 current holders: 70 (91%) entered in the past year, only 7 (9%) 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.
✅

Strong quality — 23% AUM from major funds

23% from top-100 AUM funds
10 of 75 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
6.5
out of 10
Moderate Exit Risk
Exit risk score 6.5/10 — 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.

Institutional Sentiment Summary — TOPT

In 2025 Q4, 53 hedge funds were net buyers of TOPT (22 opened a new position, 31 added to an existing one), while 20 reduced or exited (14 trimmed, 6 sold completely) — a 73% buyer ratio, indicating clear institutional accumulation. This marks 6 consecutive quarters of net institutional buying — a persistent conviction signal. 23% of total institutional value in TOPT is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +16 funds (more new holders than closures). Total institutional holders: 75.

Hedge Fund Ownership: TOPT

How many hedge funds hold TOPT — quarterly history vs. share price
Quarterly hedge fund ownership of TOPT vs. share price

Market Analysis: TOPT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TOPT

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

14 top-rated funds 0 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
0.8
/ 10
conviction
Hedge Fund Positioning: TOPT
2026 Q1 Stats Unlock in 2 days 77 + Investors

Track Smart Money conviction in TOPT. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 77 61 26.23%
13F Shares 5M 4M 29.04%
Total Value $144M $111M 30.25%
New Positions 23 22 +1
Increased Positions 31 23 +8
Closed Positions 6 5 +1
Reduced Positions 17 17 -
Total Calls 2 1 100.0%
Total Puts 1 1 -
PUT/CALL Ratio 0.5 1.0 Bullish

Statistics: TOPT

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

77 + investors

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

QUARTER:
Top 25 institutional holders of TOPT — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Goodman Advisory Group, LLC 2.85% 383,273 $11.0M
2 ATX Financial Planning, LLC 1.20% 54,965 $1.6M
3 Core Wealth Partners LLC 0.47% 35,199 $1.0M
4 RIA Advisory Group LLC 0.31% 45,762 $1.3M
5 Guardian Capital, LLC 0.25% 9,100 $260K
6 Keystone Wealth Services, LLC 0.23% 38,371 $1.1M
7 INDEPENDENT FINANCIAL GROUP, LLC 0.23% 270,106 $7.7M
8 Clear Creek Financial Management, LLC 0.23% 103,920 $3.0M
9 Tranquilli Financial Advisor LLC 0.20% 11,739 $336K
10 FOUNDERS FINANCIAL SECURITIES LLC 0.11% 62,850 $1.9M
11 Insight Wealth Partners, LLC 0.11% 27,469 $786K
12 Realta Investment Advisors 0.10% 10,305 $295K
13 Strategic Financial Concepts, LLC 0.09% 12,290 $352K
14 IHT Wealth Management, LLC 0.07% 98,686 $2.8M
15 Legacy Financial Group LLC 0.07% 18,136 $519K
16 SkyOak Wealth, LLC 0.05% 9,435 $270K
17 Horizon Investments, LLC 0.04% 125,576 $3.6M
18 LAUREL OAK WEALTH MANAGEMENT, LLC 0.04% 7,384 $211K
19 J.W. COLE ADVISORS, INC. 0.03% 31,242 $894K
20 NFSG Corp 0.03% 5,625 $161K
21 WealthPlan Investment Management, LLC 0.02% 12,611 $361K
22 OPPENHEIMER & CO INC 0.02% 57,116 $1.6M
23 Prospera Financial Services Inc 0.02% 42,676 $1.2M
24 CreativeOne Wealth, LLC 0.02% 27,221 $779K
25 PRIVATE TRUST CO NA 0.02% 6,901 $198K
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 TOP 20 U.S. STOCKS ETF (TOPT)

What does the Smart Money Trend signal show for TOPT?

Buying streak — 6 quarters in a row: For 6 consecutive quarters, more hedge funds added TOPT 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 TOPT?

More buyers than sellers — 73% buying: Last quarter: 53 funds were net buyers (22 opened a brand new position + 31 added to an existing one). Only 20 were sellers (14 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for TOPT holders?

Strong quality — 23% AUM from major funds: 10 of 75 holders rank in the top 100 by AUM, accounting for 23% 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 TOPT?

Mostly new holders — 60% entered in last year: Only 6 funds (8%) 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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.