iShares iBonds 2025 Term High Yield and Income

IBHE • BATS

iShares iBonds 2025 Term High Yield and Income is an exchange-traded fund on BATS. As of Q3 2025, 140 institutional investors hold shares in this ETF, with total holdings valued at $254.9M. LPL Financial LLC is the largest holder with a position valued at $30.0M.

Overview

Overview of institutional ownership in IBHE as of Q3 2025

All Institutions

Institutions: 140
Value Held: $254.9M
Shares Held: 11.0M
Avg Position: $1.8M
Median Position: $435.8K

Hedge Funds

Hedge Funds: 1
Value Held: $2.3M
Shares Held: 98.4K
Avg Position: $2.3M
Median Position: $2.3M

Biggest Investors

Institutions with the largest positions in IBHE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
L LPL Financial LLC Institution	-	$30.0M 0.01% of portfolio	1.3M shares	Q1 2021 Held for 4y 8m	$340.07B
R Resources Investment Advisors, Inc. Pension/Endowment	Vincent Lee Morris President	$20.3M 0.21% of portfolio	875.1K shares	Q2 2024 Held for 1y 5m	$9.6B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$18.4M 0.00% of portfolio	793.4K shares	Q2 2022 Held for 3y 5m	$1.65T
ARROW FINANCIAL CORP Institution	David S. DeMarco CEO	$15.5M 1.59% of portfolio	669.5K shares	Q4 2023 Held for 1y 11m	$978.0M
Mid-American Wealth Advisory Group, Inc. RIA/Wealth	Mark Stephen Falter President	$14.7M 6.98% of portfolio	632.4K shares	Q3 2023 Held for 2y 2m	$210.2M
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$12.1M 0.00% of portfolio	521.4K shares	Q4 2024 Held for 11 months	$310.43B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$10.5M 0.00% of portfolio	453.1K shares	Q1 2021 Held for 4y 8m	$488.50B
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$9.6M 0.01% of portfolio	415.1K shares	Q4 2023 Held for 1y 11m	$85.4B
S Scissortail Wealth Management, LLC RIA/Wealth	Richard L. Howard Founder	$9.0M 1.96% of portfolio	387.6K shares	Q4 2022 Held for 2y 11m	$458.4M
Keeler THomas Management LLC RIA/Wealth	Cary Wasden Managing Partner	$8.3M 3.59% of portfolio	355.9K shares	Q1 2025 Held for 8 months	$229.9M

Net Capital Flow

Institutional buying and selling activity for IBHE in Q3 2025

Traded: −$26.7M
Buyers: 63
Sellers: 65
Total Bought: +$16.2M
Total Sold: −$42.9M
Avg Position: $1.6M

Biggest Buyers

Institution	Net Bought	Current Position
Cetera Investment Advisers RIA/Wealth	+$4.8M +208.2K shares	$9.6M 415.1K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$2.3M +98.4K shares	$2.3M 98.4K shares
LBMC INVESTMENT ADVISORS, LLC RIA/Wealth	+$1.0M +43.5K shares	$6.9M 296.0K shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	+$792.9K +34.1K shares	$2.6M 113.5K shares
Mid-American Wealth Advisory Group, Inc. RIA/Wealth	+$792.3K +34.1K shares	$14.7M 632.4K shares
Foundations Investment Advisors, LLC RIA/Wealth	+$728.8K +31.4K shares	$728.8K 31.4K shares
Hurley Capital, LLC RIA/Wealth	+$544.1K +-243.1K shares	$544.1K 23.4K shares
Csenge Advisory Group RIA/Wealth	+$469.1K +20.2K shares	$740.1K 31.9K shares
PHILLIPS FINANCIAL MANAGEMENT, LLC RIA/Wealth	+$464.4K +20.0K shares	$1.5M 65.4K shares
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	+$386.4K +16.6K shares	$386.4K 16.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
MORGAN STANLEY RIA/Wealth	−$5.3M −230.0K shares	$18.4M 793.4K shares
Michael S. Ryan, Inc. RIA/Wealth	−$5.1M −218.0K shares	Sold Off 0 shares
ARROW FINANCIAL CORP Institution	−$4.6M −199.1K shares	$15.5M 669.5K shares
C Carr Financial Group Corp Institution	−$2.0M −85.8K shares	$1.6M 67.9K shares
E EIGHT 31 FINANCIAL LLC RIA/Wealth	−$1.8M −77.9K shares	Sold Off 0 shares
J JANE STREET GROUP, LLC Institution	−$1.7M −73.6K shares	$1.8M 75.8K shares
AE Wealth Management LLC RIA/Wealth	−$1.7M −71.6K shares	$353.3K 15.2K shares
L LPL Financial LLC Institution	−$1.6M −68.8K shares	$30.0M 1.3M shares
Private Advisor Group, LLC RIA/Wealth	−$1.5M −64.8K shares	$1.3M 56.9K shares
Ironwood Wealth Management, llc RIA/Wealth	−$1.5M −64.3K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 9
New Value: $2.0M
Exited Positions: 18
Exited Value: $13.8M

New Positions

Institution	Position Value
Foundations Investment Advisors, LLC RIA/Wealth	$728.8K 31.4K shares
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	$386.4K 16.6K shares
H Helen Stephens Group, LLC Institution	$343.5K 14.8K shares
Belpointe Asset Management LLC RIA/Wealth	$274.0K 11.8K shares
C Cyr Financial Inc. RIA/Wealth	$200.6K 8.6K shares
N NBT BANK N A /NY Institution	$36.9K 1.6K shares
CX Institutional RIA/Wealth	$23.2K 998.0 shares
HM PAYSON & CO RIA/Wealth	$10.0K 431.0 shares
Hartland & Co., LLC RIA/Wealth	$3.4K 148.0 shares

Exited Positions

Institution	Previous Position
Michael S. Ryan, Inc. RIA/Wealth	$5.1M 218.0K shares
E EIGHT 31 FINANCIAL LLC RIA/Wealth	$1.8M 77.9K shares
Ironwood Wealth Management, llc RIA/Wealth	$1.5M 64.3K shares
Summit Investment Advisory Services, LLC RIA/Wealth	$1.3M 54.4K shares
WRAPMANAGER INC RIA/Wealth	$1.1M 48.9K shares
Integrated Advisors Network LLC RIA/Wealth	$603.0K 25.9K shares
L Laurel Wealth Advisors LLC RIA/Wealth	$540.8K 23.3K shares
C CLS Investments, LLC Institution	$296.0K 12.7K shares
W WILEY BROS.-AINTREE CAPITAL, LLC Institution	$284.0K 12.2K shares
F FLOW TRADERS U.S. LLC Institution	$279.4K 12.0K shares

Options Activity

Institutions with the largest Call and Put options positions in IBHE 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 IBHE as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Mid-American Wealth Advisory Group, Inc. RIA/Wealth	Mark Stephen Falter President	6.98% $14.7M	632.4K shares	Q3 2023 Held for 2y 2m	$210.2M
Keeler THomas Management LLC RIA/Wealth	Cary Wasden Managing Partner	3.59% $8.3M	355.9K shares	Q1 2025 Held for 8 months	$229.9M
S Scissortail Wealth Management, LLC RIA/Wealth	Richard L. Howard Founder	1.96% $9.0M	387.6K shares	Q4 2022 Held for 2y 11m	$458.4M
ARROW FINANCIAL CORP Institution	David S. DeMarco CEO	1.59% $15.5M	669.5K shares	Q4 2023 Held for 1y 11m	$978.0M
COWA, LLC RIA/Wealth	James E Diacon CCO	1.04% $3.0M	127.2K shares	Q1 2024 Held for 1y 8m	$284.4M
Delta Wealth Advisors LLC RIA/Wealth	Dino N Efthimiou Managing Partner	0.90% $1.1M	49.3K shares	Q1 2024 Held for 1y 8m	$127.8M
Endowment Wealth Management, Inc. RIA/Wealth	Prateek Nmn Mehrotra President	0.69% $1.5M	65.7K shares	Q4 2024 Held for 11 months	$220.3M
C Cottage Street Advisors LLC Institution	-	0.64% $1.5M	65.0K shares	Q3 2024 Held for 1y 2m	$235.5M
1 10Elms LLP RIA/Wealth	Ryan William Kruger Managing Partner	0.63% $611.1K	26.3K shares	Q4 2024 Held for 11 months	$96.9M
L Landing Point Financial Group, LLC RIA/Wealth	Joey Lee Flinner CEO	0.55% $1.1M	45.3K shares	Q4 2024 Held for 11 months	$191.8M

Hedge Fund Spotlight

Discover hedge funds investing in IBHE

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in iShares iBonds 2025 Term High Yield and Income

Market Value: $2.3M
Shares Held: 98.4K
Portfolio Weight: 0.00%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%