IDEF
iShares Defense Industrials Act · Financial Services · Asset Management
Momentum inputs (comparable managers):
holder breadth +20.0% ·
share flow -0.4% ·
net new positions +16.7%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 33 | +5 | 94.59M | $3.00B | +6 | −1 |
| Q1 2026 | 29 | +23 | 80.76M | $2.64B | +24 | −1 |
| Q4 2025 | 6 | +1 | 490.27K | $15.10M | +1 | — |
| Q3 2025 | 2 | +1 | 443.23K | $14.09M | +1 | — |
| Q2 2025 | 1 | — | 400.00K | $11.30M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | BlackRock ✦ (passive) | 400.00K | 0.0% | $12.32M | 0.0% | Held | 3 | SEC ↗ |
| 2 | Citadel Advisors ✦ | 37.68K | -12.8% | $1.16M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 3 | LPL Financial LLC | 23.67K | — | $729,187 | 0.0% | n/c | 1 | SEC ↗ |
| 4 | Jane Street Group, Llc | 12.82K | — | $395,125 | 0.0% | n/c | 1 | SEC ↗ |
| 5 | Susquehanna International Group, Llp | 12.50K | — | $385,113 | 0.0% | n/c | 1 | SEC ↗ |
| 6 | Morgan Stanley ✦ | 3.60K | New | $111,005 | 0.0% | New | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Morgan Stanley | $111,005 | 0.0% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 218 holders, 100.21M shares, $3.25B 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.