iShares Core Dividend Growth

DGRO • ARCA

iShares Core Dividend Growth is an exchange-traded fund on ARCA. As of Q3 2025, 1,150 institutional investors hold shares in this ETF, with total holdings valued at $19.0B. MORGAN STANLEY is the largest holder with a position valued at $1.3B.

Overview

Overview of institutional ownership in DGRO as of Q3 2025

All Institutions

Institutions: 1,150
Value Held: $19.0B
Shares Held: 279.1M
Avg Position: $16.5M
Median Position: $980.0K

Hedge Funds

Hedge Funds: 16
Value Held: $48.0M
Shares Held: 705.1K
Avg Position: $3.0M
Median Position: $671.5K

Biggest Investors

Institutions with the largest positions in DGRO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.3B 0.08% of portfolio	19.0M shares	Q3 2014 Held for 11y 2m	$1.65T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$1.3B 0.10% of portfolio	18.7M shares	Q2 2014 Held for 11y 5m	$1.33T
L LPL Financial LLC Institution	-	$1.2B 0.36% of portfolio	18.2M shares	Q3 2014 Held for 11y 2m	$340.07B
Wealthfront Advisers LLC RIA/Wealth	Andrew Samuel Rachleff CEO	$905.7M 2.13% of portfolio	13.3M shares	Q4 2022 Held for 2y 11m	$42.6B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$718.9M 0.21% of portfolio	10.6M shares	Q3 2018 Held for 7y 2m	$341.99B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$712.6M 0.23% of portfolio	10.5M shares	Q4 2024 Held for 11 months	$310.43B
J JONES FINANCIAL COMPANIES LLLP Institution	-	$583.1M 0.40% of portfolio	8.6M shares	Q3 2020 Held for 5y 2m	$146.70B
Capital Investment Advisors, LLC RIA/Wealth	Connor Douglas Miller CIO	$553.1M 9.11% of portfolio	8.1M shares	Q2 2018 Held for 7y 5m	$6.1B
PNC FINANCIAL SERVICES GROUP, INC. Institution	William S. Demchak CEO	$517.3M 0.31% of portfolio	7.6M shares	Q1 2016 Held for 9y 8m	$164.83B
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	Wayne Michael Bloom CEO	$514.4M 0.72% of portfolio	7.6M shares	Q4 2017 Held for 7y 11m	$71.1B

Net Capital Flow

Institutional buying and selling activity for DGRO in Q3 2025

Traded: +$203.3M
Buyers: 585
Sellers: 442
Total Bought: +$1.1B
Total Sold: −$893.2M
Avg Position: $15.7M

Biggest Buyers

Institution	Net Bought	Current Position
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	+$221.9M +3.3M shares	$221.9M 3.3M shares
C CI Private Wealth, LLC RIA/Wealth	+$101.7M +1.5M shares	$104.2M 1.5M shares
J JONES FINANCIAL COMPANIES LLLP Institution	+$82.1M +1.2M shares	$583.1M 8.6M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$65.9M +968.2K shares	$65.9M 968.2K shares
Beacon Pointe Advisors, LLC RIA/Wealth	+$59.3M +870.3K shares	$62.0M 911.4K shares
HighTower Advisors, LLC RIA/Wealth	+$45.9M +673.7K shares	$337.8M 5.0M shares
L LPL Financial LLC Institution	+$38.1M +560.0K shares	$1.2B 18.2M shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$31.2M +457.6K shares	$712.6M 10.5M shares
GOLDMAN SACHS GROUP INC Institution	+$26.7M +392.1K shares	$340.7M 5.0M shares
Cetera Investment Advisers RIA/Wealth	+$22.1M +324.5K shares	$175.9M 2.6M shares

Biggest Sellers

Institution	Net Sold	Current Position
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$202.6M −3.0M shares	$718.9M 10.6M shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$175.2M −2.7M shares	Sold Off 0 shares
MML INVESTORS SERVICES, LLC RIA/Wealth	−$53.9M −791.1K shares	$254.9M 3.7M shares
B BlackRock, Inc. Institution	−$49.2M −722.0K shares	$138.3M 2.0M shares
AMERIPRISE FINANCIAL INC Institution	−$42.1M −618.8K shares	$496.1M 7.3M shares
Vestmark Advisory Solutions, Inc. Fund of Funds	−$33.6M −493.9K shares	$33.5M 491.6K shares
Bank of New York Mellon Corp Institution	−$24.2M −356.0K shares	$50.6M 743.2K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	−$24.1M −353.8K shares	$514.4M 7.6M shares
JPMORGAN CHASE & CO Institution	−$14.3M −210.7K shares	$226.0M 3.3M shares
A Atlas Private Wealth Advisors RIA/Wealth	−$12.5M −183.9K shares	$10.5M 153.9K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited DGRO in Q3 2025

New Positions: 43
New Value: $309.0M
Exited Positions: 58
Exited Value: $204.8M

New Positions

Institution	Position Value
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	$221.9M 3.3M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	$65.9M 968.2K shares
Summit Financial, LLC RIA/Wealth	$10.5M 154.1K shares
V Vise Technologies, Inc. Institution	$1.5M 22.4K shares
Resonant Capital Advisors, LLC RIA/Wealth	$943.5K 13.9K shares
T Triad Wealth Partners, LLC RIA/Wealth	$910.6K 13.4K shares
Investment Research Partners LLC Hedge Fund•Multi-Strategy	$629.0K 9.2K shares
Bravias Capital Group, LLC RIA/Wealth	$469.8K 6.9K shares
Sepio Capital, LLC RIA/Wealth	$465.1K 6.8K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$442.5K 6.5K shares

Exited Positions

Institution	Previous Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	$175.2M 2.7M shares
S Stephens Consulting, LLC RIA/Wealth	$6.0M 94.4K shares
A ASB Consultores, LLC RIA/Wealth	$4.6M 71.2K shares
Financial Advocates Investment Management RIA/Wealth	$4.1M 63.7K shares
Tradewinds, LLC. RIA/Wealth	$1.7M 26.3K shares
Eqis Capital Management, Inc. RIA/Wealth	$1.7M 25.9K shares
P Providence First Trust Co Institution	$935.5K 14.6K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$757.6K 11.8K shares
MIDLAND WEALTH ADVISORS LLC RIA/Wealth	$665.6K 10.4K shares
Diametric Capital, LP Hedge Fund•Long/Short	$579.6K 9.1K shares

Options Activity

Institutions with the largest Call and Put options positions in DGRO as of Q3 2025

Call Positions: 5
Call Value: $106.5M
Put Positions: 2
Put Value: $1.6M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$88.9M 13.1K contracts
S SIG BROKERAGE, LP Institution	$15.6M 2.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.0M 297.0 contracts
J JANE STREET GROUP, LLC Institution	- - contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.1M 162.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$544.6K 80.0 contracts

Most Committed Institutions

Institutions with DGRO as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Sailer Financial LLC RIA/Wealth	Jeremy Patrick Hutzel President	19.19% $77.9M	1.1M shares	Q4 2019 Held for 5y 11m	$405.8M
Altus Wealth Management, LLC RIA/Wealth	Andrew Martin Hermes President	13.11% $29.6M	434.9K shares	Q3 2023 Held for 2y 2m	$225.8M
A Alliance Wealth Advisors, LLC RIA/Wealth	Patrick Neal Clark Managing Partner	12.69% $25.2M	370.2K shares	Q4 2020 Held for 4y 11m	$198.6M
Gratus Wealth Advisors, LLC RIA/Wealth	Cline Edward Reasor Owner	11.83% $84.1M	1.2M shares	Q4 2023 Held for 1y 11m	$710.3M
Meridian Financial Partners LLC RIA/Wealth	Joseph Francis Strancar President	10.71% $25.8M	376.0K shares	Q1 2021 Held for 4y 8m	$240.6M
Objectivity Squared, LLC Private Equity	-	10.64% $17.8M	262.0K shares	Q4 2023 Held for 1y 11m	$167.6M
LifeGoal Wealth Advisors Fund of Funds	James Alan Lenahan CEO	10.12% $11.2M	165.0K shares	Q4 2024 Held for 11 months	$111.0M
S Silver Coast Investments LLC Institution	-	10.04% $29.2M	429.2K shares	Q4 2023 Held for 1y 11m	$291.1M
Kerntke Otto McGlone Wealth Management Group RIA/Wealth	Scott Richard Brown Managing Partner	9.86% $13.0M	191.6K shares	Q4 2019 Held for 5y 11m	$132.3M
Summit Investment Advisory Services, LLC RIA/Wealth	Sean Patrick Mcdermott CEO	9.60% $24.1M	354.3K shares	Q4 2022 Held for 2y 11m	$251.2M

Hedge Fund Spotlight

Discover hedge funds investing in DGRO

Fermata Advisors, LLC

Hedge Fund • Sector

Portfolio ManagerNelson Moonhun Seo

Portfolio Value: $371.6M
Positions: 207
Last Reported: Q3 2025

Sector Allocation

Position in iShares Core Dividend Growth

Market Value: $3.5M
Shares Held: 51.0K
Portfolio Weight: 0.93%
Owned Since: 2021-Q1

Top Holding	Sector	Market Value	Weight
1 Apple AAPL	Consumer Electronics Technology	$13.6M	3.67%
2 JPMorgan Equity Premium Income JEPI	ETF ETF	$13.1M	3.53%
3 Dimensional International Core Equity Market DFAI	ETF ETF	$12.7M	3.43%