SMMD · iShares Russell 2500 ETF · Holdings ETF

$86.13 +0.32 (+0.37%) At close · Oct 21

Volume · Oct 21 468.75K Avg daily vol (3M) 355.58K

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: 45

Total Value: $19,062,659

Total Shares: 1,791,902

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 45 13F filers · Δ vs Jun 30, 2026

Top Holder

45.8%

+30.1 pts

Top 5

82.9%

+32.3 pts

Top 10

96.7%

+20.5 pts

HHI

2,555

Highly concentrated+1,832

Who Holds SMMD

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: 260 filers, like-for-like change +17.9%; actively managed books +17.0%; index-like books +128.9%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	29.9%	162	+17.3%	23	2
Exempt adviser	0.0%	1	new	1	0
Adviser	2.1%	5	+34.0%	0	0
Bank	29.5%	19	+11.7%	1	1
Broker-dealer	0.9%	1	+30.9%	0	0
Holding company	8.9%	8	+140.8%	1	0
Unknown	28.8%	64	+6.6%	11	7

Style	Share	Filers	Change	New	Exited
Index-like	1.6%	8	+128.9%	1	0
Systematic-like	0.0%	2	+0.5%	1	0
Concentrated	10.6%	65	+32.3%	11	2
Diversified active	87.8%	185	+15.4%	24	8
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	72.8%	192	+15.1%	19	5
Medium turnover	9.8%	43	+69.8%	10	2
High turnover	0.2%	4	-49.9%	2	3
Unknown	17.1%	21	+12.2%	6	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	17.2%	20	+11.7%	7	1
Medium horizon	7.8%	50	+15.2%	8	1
Long horizon	73.4%	182	+17.3%	18	8
Unknown	1.7%	8	+1360.4%	4	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	7.9%	85	+5.4%	18	4
$1B to $10B	16.3%	81	+24.7%	12	4
$10B to $100B	47.1%	66	+11.1%	5	0
$100B or more	28.6%	28	+31.3%	2	2
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	25.0%	134	+10.0%	19	2
Pooled investment vehicles	0.0%	1	-29.5%	0	0
Registered funds and BDCs	0.6%	3	+169.9%	1	0
Pension and profit sharing plans	0.8%	5	-2.2%	0	0
Insurance companies	0.1%	1	+88.6%	0	0
Charitable organizations	0.1%	1	-4.2%	0	0
Governments and sovereign funds	0.5%	1	-3.6%	0	0
Banks and thrifts	0.1%	2	+232.2%	0	0
Other investment advisers	0.2%	4	+10.9%	1	0
Other	0.0%	1	0.0%	0	0
Diversified	2.5%	9	+193.0%	2	0
Corporations	0.0%	0	—	0	0
Unknown	70.1%	98	+18.2%	14	8

Private funds	Share	Filers	Change	New	Exited
Hedge funds	1.4%	7	+18.2%	2	0
Private equity funds	2.6%	9	+23.1%	0	0
Venture capital funds	0.0%	0	—	0	0
Real estate funds	4.4%	4	-4.8%	0	0
Securitized asset funds	0.0%	1	0.0%	0	0
Other private funds	4.2%	14	+29.5%	2	0
Mixed private funds	1.1%	1	+20.5%	0	0
Private funds, type not stated	0.0%	2	-5.9%	0	1
No private funds	16.3%	125	+20.8%	20	1
Unknown	70.1%	97	+18.2%	13	8

Location	Share	Filers	Change	New	Exited
United States	89.8%	253	+16.3%	36	9
Outside the US	10.2%	7	+34.7%	1	1

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 3 holders with no observed 2026-03-31 13F and 3 holders with no observed 2026-06-30 13F.

Conviction and Crowding

260 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

15.8% of filers hold it in their top 10

Mar 31, 2026: 0

Holders above 5%

median weight 0.274%

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

56.7%

of 13F shares, Herfindahl 0.051

Active holders

+17.0%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 9.0 quarters

Under 1 year 36.5% 1 to 3 years 23.9% 3 years or more 39.7% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $1,293,998 (1 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: -216

Institutional value: -88.3%

Shares held: -94.5%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Small ARCADIA INVESTMENT ADVISORS LLC	+77,662	86,718
Large Concurrent Investment Advisors, LLC	+31,145	118,184
Mid CWA Asset Management Group, LLC	+28,363	233,445
Mid SigFig Wealth Management, LLC	+22,242	199,162
Small Diesslin Group, Inc.	+15,538	366,538

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Large CONGRESS ASSET MANAGEMENT CO	−83,644	50,072
Small Legacy Advisory Services, LLC	−4,189	3,664
Mid Diversify Advisory Services, LLC	−3,188	6,751
Mid DIVERSIFY WEALTH MANAGEMENT, LLC	−3,188	6,751
Mid Retirement Planning Group, LLC	−873	44,520

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Small ATTICUS WEALTH MANAGEMENT, LLC	7,500	$641,400
Small PREVAIL INNOVATIVE WEALTH ADVISORS, LLC	5,562	$475,662
Mid Wedmont Private Capital	8,028	$0
Small Trust Co	1,494	$0

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Mid Atria Investments, Inc	3,703	$0
Large FORT WASHINGTON INVESTMENT ADVISORS INC /OH/	1,504,650	$0
Small Cornerstone Planning Group LLC	461	$0

Filter: New 4 Increased 19 Reduced 13 Sold out 3 Unchanged 8

Holder type: Registered adviser 30 Unknown 15

Showing 45 of 45

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Benchmark Financial Wealth Advisors, LLC SMMD

$8,729,454

45.79%

102,075

QP WEALTH MANAGEMENT, LLC SMMD

$2,893,227

15.18%

33,831

PINNACLE ASSOCIATES LTD SMMD

$1,794,893

9.42%

20,988

QUADRANT CAPITAL GROUP LLC SMMD

$1,733,233

9.09%

20,267

Mayfair Advisory Group, LLC SMMD

$653,629

3.43%

7,643

ATTICUS WEALTH MANAGEMENT, LLC SMMD

$641,400

3.36%

7,500

DIVERSIFY WEALTH MANAGEMENT, LLC SMMD

$577,345

3.03%

6,751

Diversify Advisory Services, LLC SMMD

$577,345

3.03%

6,751

PREVAIL INNOVATIVE WEALTH ADVISORS, LLC SMMD

$475,662

2.50%

5,562

TRED AVON FAMILY WEALTH, LLC SMMD

$364,742

1.91%

4,265

Legacy Advisory Services, LLC SMMD

$313,345

1.64%

3,664

Van Cleef Asset Management,Inc SMMD

$290,853

1.53%

3,401

PRIVATE TRUST CO NA SMMD

$17,531

0.09%

205

ARCADIA INVESTMENT ADVISORS LLC SMMD

—

86,718

Vann Equity Management LLC SMMD

—

7,104

First Heartland Consultants, Inc. SMMD

—

3,504

Bill Few Associates, Inc. SMMD

—

8,413

Blue Trust, Inc. SMMD

—

10,550

FIRST CITIZENS BANK & TRUST CO SMMD

—

3,019

BOYUM WEALTH ARCHITECTS LLC SMMD

—

14,709

Ulrich Consultants & Investment Group, LLC SMMD

—

201,207

Advisory Solutions Group, LLC SMMD

—

25,778

Ulland Investment Advisors, LLC SMMD

—

16,674

CWA Asset Management Group, LLC SMMD

—

233,445

TD Waterhouse Canada Inc. SMMD

—

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

Manager	Shares	Value (USD)	% of position	Discretion
TORONTO DOMINION BANK	20	$0	—	Defined

Retirement Planning Group, LLC SMMD

—

44,520

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC SMMD

—

4,103

Single Point Partners, LLC SMMD

—

32,770

IFP Advisors, Inc SMMD

—

Trust Co SMMD

—

1,494

SigFig Wealth Management, LLC SMMD

—

199,162

Farther Finance Advisors, LLC SMMD

—

12,597

Wedmont Private Capital SMMD

—

8,028

TRUE Private Wealth Advisors SMMD

—

4,327

Optivise Advisory Services LLC SMMD

—

2,506

CX Institutional SMMD

—

70,626

ABSOLUTE CAPITAL MANAGEMENT, LLC SMMD

—

5,476

HF Advisory Group, LLC SMMD

—

19,102

Align Financial, LLC SMMD

—

6,897

Concurrent Investment Advisors, LLC SMMD

—

118,184

Diesslin Group, Inc. SMMD

—

366,538

MATHER GROUP, LLC. SMMD

—

4,067

FINANCIAL MANAGEMENT NETWORK INC SMMD

—

4,684

MassMutual Private Wealth & Trust, FSB SMMD

—

2,655

CONGRESS ASSET MANAGEMENT CO SMMD

—

50,072