IAI · iShares U.S. Broker-Dealers & Securities Exchanges ETF · Holdings ETF

$179.64 +0.53 (+0.30%) At close · Oct 22

Volume · Oct 22 64.54K Avg daily vol (3M) 81.32K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 35

Total Value: $54,241,595

Total Shares: 307,960

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 35 13F filers · Δ vs Jun 30, 2026

Top Holder

24.5%

+12.5 pts

Top 5

74.9%

+34.3 pts

Top 10

88.5%

+30.4 pts

HHI

1,383

Broadly held+912

Who Holds IAI

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 191 filers, like-for-like change -16.5%; actively managed books -18.2%; index-like books +6.1%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	21.0%	107	-3.7%	17	9
Exempt adviser	0.6%	2	+79.0%	1	0
Adviser	14.3%	5	-15.7%	1	0
Bank	11.3%	12	-6.9%	1	1
Insurer	0.4%	1	0.0%	0	0
Broker-dealer	2.5%	2	-14.8%	0	0
Holding company	13.4%	6	+10.0%	0	0
Non-US	0.0%	0	—	0	0
Unknown	36.6%	56	-31.4%	10	4

Style	Share	Filers	Change	New	Exited
Index-like	8.9%	5	+6.1%	0	0
Systematic-like	6.3%	5	-2.3%	1	1
Concentrated	8.6%	42	+15.6%	4	2
Diversified active	76.2%	139	-21.5%	25	11
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	62.4%	119	-3.1%	14	9
Medium turnover	27.5%	43	-39.5%	11	3
High turnover	8.4%	14	+5.6%	3	2
Unknown	1.7%	15	+5.3%	2	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	2.6%	15	+53.3%	2	1
Medium horizon	4.6%	26	+23.7%	4	3
Long horizon	78.6%	136	-23.5%	19	10
Unknown	14.2%	14	+30.1%	5	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	12.0%	63	+14.7%	6	6
$1B to $10B	12.2%	58	+28.5%	14	3
$10B to $100B	30.3%	43	-38.1%	9	2
$100B or more	45.5%	27	-9.7%	1	3
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	15.1%	98	-2.8%	15	7
Pooled investment vehicles	5.8%	4	-4.8%	1	0
Registered funds and BDCs	0.0%	1	-99.8%	1	1
Insurance companies	0.0%	1	0.0%	0	0
Other investment advisers	0.1%	2	-29.6%	0	1
Diversified	0.0%	1	0.0%	0	0
Pension and profit sharing plans	0.0%	0	—	0	0
Corporations	0.0%	0	—	0	0
Governments and sovereign funds	0.0%	0	—	0	0
Charitable organizations	0.0%	0	—	0	0
Unknown	79.0%	84	-19.3%	13	5

Private funds	Share	Filers	Change	New	Exited
Hedge funds	6.5%	11	-1.9%	4	1
Private equity funds	0.4%	7	-25.9%	1	0
Venture capital funds	0.5%	2	+7.8%	0	0
Real estate funds	0.0%	2	-35.8%	0	1
Securitized asset funds	0.0%	1	0.0%	0	0
Other private funds	0.5%	3	-47.2%	1	1
Mixed private funds	0.4%	1	+0.8%	0	0
Private funds, type not stated	2.2%	1	-7.2%	0	1
No private funds	11.0%	81	+2.8%	12	5
Unknown	78.5%	82	-19.7%	12	5

Location	Share	Filers	Change	New	Exited
United States	74.6%	175	-3.5%	24	14
Outside the US	25.4%	16	-40.8%	6	0

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 5 holders with no observed 2026-03-31 13F and 2 holders with no observed 2026-06-30 13F.

Conviction and Crowding

191 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

169

88.5% of filers hold it in their top 10

Mar 31, 2026: 152

Holders above 5%

median weight 0.006%

Mar 31, 2026: 0

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

57.8%

of 13F shares, Herfindahl 0.047

Active holders

-18.2%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 14.1 quarters

Under 1 year 26.4% 1 to 3 years 26.3% 3 years or more 47.3% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Quarterly Activity

vs Jun 30, 2026

New

Increased

Decreased

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -158

Institutional value: -93.7%

Shares held: -93.8%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Small COTTONWOOD CAPITAL ADVISORS, LLC	+2,174	25,688
Small HERITAGE OAK WEALTH ADVISORS LLC	+711	16,284
Small RHODES INVESTMENT ADVISORS INC /ADV	+378	6,713
Large Concurrent Investment Advisors, LLC	+164	3,086
Micro Schuylkill Financial LLC	+149	5,128

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Small Cadent Capital Advisors, LLC	−14,884	22,975
Small Well Done, LLC	−3,507	49,353
Mid Atria Investments, Inc	−1,519	4,009
Small WESPAC Advisors SoCal, LLC	−1,100	57,067
Mid Signal Advisors Wealth, LLC	−840	2,797

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Mid INDEPENDENT FINANCIAL GROUP, LLC	1,392	$245,186
Mid Strategic Blueprint, LLC	1,202	$211,720
Small PROATHLETE WEALTH MANAGEMENT LLC	140	$24,659
Mid Root Financial Partners, LLC	88	$15,500

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Small Apeiron RIA LLC	1,322	$231,786
Mid AXXCESS WEALTH MANAGEMENT, LLC	1,242	$217,759
Small FNY Investment Advisers, LLC	1,000	$175,330
Micro THURSTON, SPRINGER, MILLER, HERD & TITAK, INC.	269	$47,163
Mid Blue Trust, Inc.	100	$17,533

Filter: New 4 Increased 10 Reduced 11 Sold out 8 Unchanged 9

Holder type: Registered adviser 27 Unknown 8

Showing 35 of 35

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

MinichMacGregor Wealth Management, LLC IAI

$13,286,768

24.50%

75,433

WESPAC Advisors SoCal, LLC IAI

$10,051,781

18.53%

57,067

Well Done, LLC IAI

$8,693,037

16.03%

49,353

COTTONWOOD CAPITAL ADVISORS, LLC IAI

$4,524,684

8.34%

25,688

Cadent Capital Advisors, LLC IAI

$4,046,816

7.46%

22,975

HERITAGE OAK WEALTH ADVISORS LLC IAI

$2,868,263

5.29%

16,284

Robinson Value Management, Ltd. IAI

$1,350,289

2.49%

7,666

RHODES INVESTMENT ADVISORS INC /ADV IAI

$1,182,427

2.18%

6,713

Genesee Capital Advisors, LLC IAI

$1,011,043

1.86%

5,740

Global Financial Private Client, LLC IAI

$985,327

1.82%

5,594

Schuylkill Financial LLC IAI

$903,245

1.67%

5,128

ASSETMARK, INC IAI

$757,049

1.40%

4,298

Atria Investments, Inc IAI

$706,145

1.30%

4,009

Fifth Third Securities, Inc. IAI

$664,928

1.23%

3,775

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fifth Third Bank, National Association	3,775	$664,928	100.0%	Defined

Concurrent Investment Advisors, LLC IAI

$543,568

1.00%

3,086

Signal Advisors Wealth, LLC IAI

$492,663

0.91%

2,797

DAVENPORT & Co LLC IAI

$446,338

0.82%

2,534

SeaCrest Wealth Management, LLC IAI

$394,905

0.73%

2,242

CX Institutional IAI

$300,142

0.55%

1,704

INDEPENDENT FINANCIAL GROUP, LLC IAI

$245,186

0.45%

1,392

Strategic Blueprint, LLC IAI

$211,720

0.39%

1,202

EASTERN BANK IAI

$155,003

0.29%

880

Farther Finance Advisors, LLC IAI

$104,098

0.19%

591

IFP Advisors, Inc IAI

$94,763

0.17%

538

PRIVATE TRUST CO NA IAI

$41,745

0.08%

237

TRUST CO OF VERMONT IAI

$35,228

0.06%

200

NFSG Corp IAI

$31,705

0.06%

180

TD Waterhouse Canada Inc. IAI

$26,421

0.05%

150

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TORONTO DOMINION BANK	150	$26,421	100.0%	Defined

Wagner Wealth Management, LLC IAI

$24,835

0.05%

141

PROATHLETE WEALTH MANAGEMENT LLC IAI

$24,659

0.05%

140

Root Financial Partners, LLC IAI

$15,500

0.03%

Downshift Financial, LLC IAI

$12,858

0.02%

Central Pacific Bank - Trust Division IAI

$5,284

0.01%

GILPIN WEALTH MANAGEMENT, LLC IAI

$3,170

0.01%

Polaris Financial Partners IAI

0.00%