iShares iBonds Dec 2028 Term Corporate

IBDT • ARCA

iShares iBonds Dec 2028 Term Corporate is an exchange-traded fund on ARCA. As of Q3 2025, 376 institutional investors hold shares in this ETF, with total holdings valued at $2.3B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $207.9M.

Overview

Overview of institutional ownership in IBDT as of Q3 2025

All Institutions

Institutions: 376
Value Held: $2.3B
Shares Held: 88.8M
Avg Position: $6.0M
Median Position: $1.2M

Hedge Funds

Hedge Funds: 3
Value Held: $5.7M
Shares Held: 224.7K
Avg Position: $1.9M
Median Position: $1.7M

Biggest Investors

Institutions with the largest positions in IBDT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$207.9M 0.02% of portfolio	8.1M shares	Q1 2019 Held for 6y 8m	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$111.6M 0.01% of portfolio	4.4M shares	Q1 2019 Held for 6y 8m	$1.65T
Capital Investment Advisors, LLC RIA/Wealth	Connor Douglas Miller CIO	$87.2M 1.44% of portfolio	3.4M shares	Q4 2019 Held for 5y 11m	$6.1B
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	Charles David Welling CEO	$84.6M 0.14% of portfolio	3.3M shares	Q2 2023 Held for 2y 5m	$59.9B
C CAPITAL ADVISORS INC/OK Institution	-	$82.0M 1.37% of portfolio	3.2M shares	Q2 2022 Held for 3y 5m	$6.0B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$68.0M 0.02% of portfolio	2.7M shares	Q4 2024 Held for 11 months	$310.43B
Vishria Bird Financial Group, LLC RIA/Wealth	Susan Fisher Todd CCO	$66.5M 13.31% of portfolio	2.6M shares	Q3 2025 Held for 2 months	$499.3M
Lido Advisors, LLC RIA/Wealth	Jason Jay Ozur CEO	$61.4M 0.25% of portfolio	2.4M shares	Q2 2023 Held for 2y 5m	$24.2B
UBS Group AG Institution	Sergio P. Ermotti CEO	$57.4M 0.01% of portfolio	2.3M shares	Q4 2018 Held for 6y 11m	$511.54B
R ROYAL BANK OF CANADA Institution	-	$50.7M 0.01% of portfolio	2.0M shares	Q4 2018 Held for 6y 11m	$542.04B

Net Capital Flow

Institutional buying and selling activity for IBDT in Q3 2025

Traded: +$199.4M
Buyers: 265
Sellers: 77
Total Bought: +$297.6M
Total Sold: −$98.2M
Avg Position: $5.7M

Biggest Buyers

Institution	Net Bought	Current Position
Vishria Bird Financial Group, LLC RIA/Wealth	+$66.5M +2.6M shares	$66.5M 2.6M shares
Summit Financial, LLC RIA/Wealth	+$19.9M +779.8K shares	$19.9M 779.8K shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	+$17.6M +690.2K shares	$84.6M 3.3M shares
CONFLUENCE INVESTMENT MANAGEMENT LLC Long Only Manager	+$10.2M +399.6K shares	$10.2M 399.6K shares
NOVEM GROUP RIA/Wealth	+$9.2M +360.8K shares	$9.2M 360.8K shares
BANK OF AMERICA CORP /DE/ Institution	+$8.4M +329.2K shares	$207.9M 8.1M shares
MORGAN STANLEY RIA/Wealth	+$8.3M +325.2K shares	$111.6M 4.4M shares
Lido Advisors, LLC RIA/Wealth	+$7.5M +293.7K shares	$61.4M 2.4M shares
PARK AVENUE SECURITIES LLC RIA/Wealth	+$6.7M +260.7K shares	$6.7M 260.7K shares
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	+$6.0M +235.2K shares	$18.9M 740.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$53.7M −2.1M shares	$5.6M 220.6K shares
AMERIPRISE FINANCIAL INC Institution	−$9.4M −368.3K shares	$31.1M 1.2M shares
PFG Private Wealth Management, LLC RIA/Wealth	−$7.6M −298.7K shares	Sold Off 0 shares
F FLOW TRADERS U.S. LLC Institution	−$4.5M −177.7K shares	Sold Off 0 shares
Houlihan Financial Resource Group, Ltd. RIA/Wealth	−$2.7M −107.7K shares	$2.5M 97.1K shares
I INSTRUMENTAL WEALTH, LLC RIA/Wealth	−$2.0M −78.9K shares	Sold Off 0 shares
WOODMONT INVESTMENT COUNSEL LLC RIA/Wealth	−$1.9M −73.7K shares	$41.5M 1.6M shares
S STAR Financial Bank Institution	−$1.8M −70.5K shares	$1.5M 57.9K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$1.5M −57.4K shares	$2.9M 114.2K shares
K Kesler, Norman & Wride, LLC RIA/Wealth	−$1.4M −57.3K shares	$1.7M 67.1K shares

Entry and Exit Activity

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

New Positions: 33
New Value: $118.9M
Exited Positions: 19
Exited Value: $17.9M

New Positions

Institution	Position Value
Vishria Bird Financial Group, LLC RIA/Wealth	$66.5M 2.6M shares
Summit Financial, LLC RIA/Wealth	$19.9M 779.8K shares
NOVEM GROUP RIA/Wealth	$9.2M 360.8K shares
PARK AVENUE SECURITIES LLC RIA/Wealth	$6.7M 260.7K shares
Miracle Mile Advisors, LLC RIA/Wealth	$5.3M 206.8K shares
IFG Advisory, LLC RIA/Wealth	$1.5M 59.4K shares
B Beaumont Financial Advisors, LLC Institution	$1.4M 55.7K shares
ONE + ONE WEALTH MANAGEMENT, LLC RIA/Wealth	$1.4M 55.6K shares
F Freestone Capital Holdings, LLC RIA/Wealth	$1.1M 43.8K shares
HORAN Wealth, LLC RIA/Wealth	$960.8K 37.7K shares

Exited Positions

Institution	Previous Position
PFG Private Wealth Management, LLC RIA/Wealth	$7.6M 298.7K shares
F FLOW TRADERS U.S. LLC Institution	$4.5M 177.7K shares
I INSTRUMENTAL WEALTH, LLC RIA/Wealth	$2.0M 78.9K shares
Sigma Planning Corp RIA/Wealth	$1.2M 48.6K shares
O OLD MISSION CAPITAL LLC Institution	$750.4K 29.5K shares
Comprehensive Portfolio Management, LLC RIA/Wealth	$451.2K 17.8K shares
R RFP Financial Group LLC Institution	$373.5K 14.7K shares
M Montis Financial, LLC RIA/Wealth	$245.0K 9.6K shares
Ashton Thomas Private Wealth, LLC RIA/Wealth	$213.9K 8.4K shares
GOLDMAN SACHS GROUP INC Institution	$205.7K 8.1K shares

Options Activity

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

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Vishria Bird Financial Group, LLC RIA/Wealth	Susan Fisher Todd CCO	13.31% $66.5M	2.6M shares	Q3 2025 Held for 2 months	$499.3M
Gratus Wealth Advisors, LLC RIA/Wealth	Cline Edward Reasor Owner	4.55% $32.3M	1.3M shares	Q4 2023 Held for 1y 11m	$710.3M
E EIGHT 31 FINANCIAL LLC RIA/Wealth	Dane Edward Crunk Managing Partner	4.30% $7.6M	299.2K shares	Q1 2025 Held for 8 months	$177.4M
Peloton Wealth Strategists RIA/Wealth	Matthew Kamp Bradley President	4.05% $9.3M	365.0K shares	Q3 2019 Held for 6y 2m	$230.0M
Windsor Capital Management, LLC RIA/Wealth	Donald Edward Peppler CCO	3.41% $12.3M	483.3K shares	Q3 2023 Held for 2y 2m	$362.2M
ARCADIA INVESTMENT ADVISORS LLC RIA/Wealth	Kammy Malek Moalemzadeh Managing Partner	3.21% $6.6M	258.9K shares	Q3 2021 Held for 4y 2m	$205.9M
HENGEHOLD CAPITAL MANAGEMENT LLC RIA/Wealth	Jake Elliott Butcher President	2.96% $34.7M	1.4M shares	Q4 2023 Held for 1y 11m	$1.2B
VIRGINIA WEALTH MANAGEMENT GROUP, INC. RIA/Wealth	Scott Richard Saal President	2.86% $5.0M	194.3K shares	Q4 2023 Held for 1y 11m	$173.6M
I InvesTrust Institution	-	2.83% $7.7M	302.5K shares	Q4 2024 Held for 11 months	$273.1M
WOODMONT INVESTMENT COUNSEL LLC RIA/Wealth	Nicole Catherine Hughes COO	2.75% $41.5M	1.6M shares	Q2 2022 Held for 3y 5m	$1.5B

Hedge Fund Spotlight

Discover hedge funds investing in IBDT

Fortis Capital Management LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerMichael Robert Boroughs

Portfolio Value: $710.3M
Positions: 176
Last Reported: Q3 2025

Sector Allocation

Position in iShares iBonds Dec 2028 Term Corporate

Market Value: $1.7M
Shares Held: 67.6K
Portfolio Weight: 0.24%
Owned Since: 2023-Q3

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$161.5M	22.74%
2 SCHX Schwab U.S. Large-Cap ETF SCHX	ETF ETF	$33.3M	4.69%
3 Nvidia NVDA	Semiconductors Technology	$25.5M	3.59%

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