IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF · Financial Services · Asset Management
Momentum inputs (comparable managers):
holder breadth -11.1% ·
share flow -0.5% ·
net new positions -12.5%
— formula
Broad distribution — falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 47 | +2 | 2.76M | $483.55M | +6 | −4 |
| Q1 2026 | 46 | +1 | 2.91M | $478.45M | +3 | −2 |
| Q4 2025 | 45 | 0 | 3.14M | $563.61M | +1 | −1 |
| Q3 2025 | 8 | -1 | 1.34M | $237.64M | — | −1 |
| Q2 2025 | 7 | +1 | 924.15K | $156.31M | +1 | — |
| Q1 2025 | 4 | 0 | 957.40K | $134.14M | — | — |
| Q4 2024 | 4 | 0 | 796.10K | $114.72M | +1 | −1 |
| Q3 2024 | 4 | -1 | 862.61K | $110.90M | — | −1 |
| Q2 2024 | 5 | — | 867.00K | $101.38M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Fisher Asset Management ✦ | 657.52K | -3.9% | $116.30M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 2 | Morgan Stanley ✦ | 419.38K | — | $74.18M | 0.0% | n/c | 1 | SEC ↗ |
| 3 | Morgan Stanley ✦ | 419.38K | — | $74.18M | 0.0% | n/c | 1 | SEC ↗ |
| 4 | Morgan Stanley ✦ | 419.38K | — | $74.18M | 0.0% | n/c | 1 | SEC ↗ |
| 5 | Morgan Stanley ✦ | 419.38K | — | $74.18M | 0.0% | n/c | 1 | SEC ↗ |
| 6 | Two Sigma Investments ✦ | 249.10K | +23.1% | $44.06M | 0.1% | ▲ Add | 6 | SEC ↗ |
| 7 | JPMorgan Chase ✦ | 6.47K | — | $1.14M | 0.0% | n/c | 1 | SEC ↗ |
| 8 | JPMorgan Chase ✦ | 6.47K | — | $1.14M | 0.0% | n/c | 1 | SEC ↗ |
| 9 | JPMorgan Chase ✦ | 6.47K | — | $1.14M | 0.0% | n/c | 1 | SEC ↗ |
| 10 | JPMorgan Chase ✦ | 6.47K | — | $1.14M | 0.0% | n/c | 1 | SEC ↗ |
| 11 | JPMorgan Chase ✦ | 6.47K | — | $1.14M | 0.0% | n/c | 1 | SEC ↗ |
| 12 | JPMorgan Chase ✦ | 6.47K | — | $1.14M | 0.0% | n/c | 1 | SEC ↗ |
| 13 | D. E. Shaw & Co. ✦ | 3.63K | -9.9% | $641,898 | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 14 | Fidelity (FMR) ✦ | 3.63K | -8.5% | $641,605 | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 15 | Fidelity (FMR) ✦ | 3.63K | -8.5% | $641,605 | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 16 | Renaissance Technologies ✦ | 3.40K | +30.8% | $601,392 | 0.0% | ▲ Add | 2 | SEC ↗ |
| 17 | BlackRock ✦ (passive) | 414 | 0.0% | $73,228 | 0.0% | Held | 2 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Citadel Advisors | $4.51M | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 170 holders, 5.89M shares, $654.10M reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.