iShares iBonds Dec 2028 Term Muni Bond

IBMQ • BATS

iShares iBonds Dec 2028 Term Muni Bond is an exchange-traded fund on BATS. As of Q3 2025, 159 institutional investors hold shares in this ETF, with total holdings valued at $427.5M. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $54.2M.

Overview

Overview of institutional ownership in IBMQ as of Q3 2025

All Institutions

Institutions: 159
Value Held: $427.5M
Shares Held: 16.7M
Avg Position: $2.7M
Median Position: $611.6K

Hedge Funds

Hedge Funds: 2
Value Held: $1.6M
Shares Held: 62.4K
Avg Position: $799.5K
Median Position: $799.5K

Biggest Investors

Institutions with the largest positions in IBMQ 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	$54.2M 0.00% of portfolio	2.1M shares	Q4 2019 Held for 5y 11m	$1.33T
Vishria Bird Financial Group, LLC RIA/Wealth	Susan Fisher Todd CCO	$29.3M 5.88% of portfolio	1.1M shares	Q2 2025 Held for 5 months	$499.3M
Hartland & Co., LLC RIA/Wealth	Bradley David Knapp CEO	$23.4M 0.34% of portfolio	913.0K shares	Q2 2024 Held for 1y 5m	$6.8B
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	Charles David Welling CEO	$23.1M 0.04% of portfolio	900.3K shares	Q2 2022 Held for 3y 5m	$59.9B
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	Gunjan Kedia CEO	$19.3M 0.02% of portfolio	752.8K shares	Q2 2020 Held for 5y 5m	$84.3B
HighTower Advisors, LLC RIA/Wealth	Robert David Oros CEO	$17.0M 0.02% of portfolio	663.3K shares	Q4 2020 Held for 4y 11m	$87.7B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$13.7M 0.00% of portfolio	534.0K shares	Q2 2019 Held for 6y 5m	$488.50B
Goss Wealth Management LLC RIA/Wealth	Alexander Thomas Goss CEO	$11.6M 0.05% of portfolio	453.0K shares	Q4 2024 Held for 11 months	$21.8B
LBMC INVESTMENT ADVISORS, LLC RIA/Wealth	Gregory Michael Herman President	$11.2M 0.72% of portfolio	438.5K shares	Q1 2024 Held for 1y 8m	$1.6B
HENGEHOLD CAPITAL MANAGEMENT LLC RIA/Wealth	Jake Elliott Butcher President	$10.1M 0.86% of portfolio	393.2K shares	Q4 2022 Held for 2y 11m	$1.2B

Net Capital Flow

Institutional buying and selling activity for IBMQ in Q3 2025

Traded: +$36.6M
Buyers: 94
Sellers: 42
Total Bought: +$67.2M
Total Sold: −$30.7M
Avg Position: $2.5M

Biggest Buyers

Institution	Net Bought	Current Position
Vishria Bird Financial Group, LLC RIA/Wealth	+$28.9M +1.1M shares	$29.3M 1.1M shares
MORGAN STANLEY RIA/Wealth	+$4.6M +178.8K shares	$9.5M 371.7K shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	+$2.7M +104.6K shares	$7.4M 289.8K shares
Beacon Pointe Advisors, LLC RIA/Wealth	+$2.6M +101.0K shares	$3.2M 124.4K shares
WELLS FARGO & COMPANY/MN Institution	+$2.0M +79.6K shares	$13.7M 534.0K shares
Stratos Wealth Advisors, LLC RIA/Wealth	+$1.8M +69.2K shares	$4.3M 167.0K shares
LBMC INVESTMENT ADVISORS, LLC RIA/Wealth	+$1.6M +62.8K shares	$11.2M 438.5K shares
LEAVELL INVESTMENT MANAGEMENT, INC. RIA/Wealth	+$1.3M +49.4K shares	$2.6M 99.8K shares
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC RIA/Wealth	+$1.2M +48.0K shares	$5.9M 229.1K shares
Summit Financial, LLC RIA/Wealth	+$1.2M +46.5K shares	$1.2M 46.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$18.2M −708.0K shares	$3.4M 133.0K shares
J JANE STREET GROUP, LLC Institution	−$3.0M −117.6K shares	Sold Off 0 shares
JPMORGAN CHASE & CO Institution	−$2.1M −81.9K shares	Sold Off 0 shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$1.8M −72.1K shares	$4.3M 167.7K shares
Envision Financial Planning, LLC RIA/Wealth	−$1.0M −40.8K shares	$1.1M 43.7K shares
AMERIPRISE FINANCIAL INC Institution	−$452.9K −17.7K shares	$2.4M 95.5K shares
WRAPMANAGER INC RIA/Wealth	−$353.3K −13.9K shares	Sold Off 0 shares
C CI Private Wealth, LLC RIA/Wealth	−$296.2K −11.7K shares	Sold Off 0 shares
PFG Private Wealth Management, LLC RIA/Wealth	−$296.0K −11.6K shares	Sold Off 0 shares
P PARTNERS WEALTH MANAGEMENT, LLC Institution	−$293.0K −11.6K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 15
New Value: $6.7M
Exited Positions: 9
Exited Value: $7.1M

New Positions

Institution	Position Value
Summit Financial, LLC RIA/Wealth	$1.2M 46.5K shares
Quantinno Capital Management LP Hedge Fund•Market Neutral	$1.0M 40.0K shares
H Helen Stephens Group, LLC Institution	$895.6K 34.9K shares
Curbstone Financial Management Corp RIA/Wealth	$480.8K 18.8K shares
Creative Planning RIA/Wealth	$452.2K 17.6K shares
SONATA CAPITAL GROUP INC RIA/Wealth	$410.9K 16.0K shares
Wealthcare Advisory Partners LLC RIA/Wealth	$373.3K 14.6K shares
F Financial Engines Advisors L.L.C. Institution	$358.1K 14.0K shares
F Freestone Capital Holdings, LLC RIA/Wealth	$294.7K 11.5K shares
W Wick Capital Partners, LLC RIA/Wealth	$269.8K 10.5K shares

Exited Positions

Institution	Previous Position
J JANE STREET GROUP, LLC Institution	$3.0M 117.6K shares
JPMORGAN CHASE & CO Institution	$2.1M 81.9K shares
WRAPMANAGER INC RIA/Wealth	$353.3K 13.9K shares
C CI Private Wealth, LLC RIA/Wealth	$296.2K 11.7K shares
PFG Private Wealth Management, LLC RIA/Wealth	$296.0K 11.6K shares
P PARTNERS WEALTH MANAGEMENT, LLC Institution	$293.0K 11.6K shares
Rehmann Capital Advisory Group RIA/Wealth	$281.2K 11.1K shares
Precision Wealth Strategies, LLC RIA/Wealth	$264.1K 10.4K shares
O OneAscent Financial Services LLC RIA/Wealth	$230.4K 9.1K shares

Options Activity

Institutions with the largest Call and Put options positions in IBMQ 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 IBMQ 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	5.88% $29.3M	1.1M shares	Q2 2025 Held for 5 months	$499.3M
Praetorian Wealth Management, Inc. RIA/Wealth	Richard Alan Hewitt President	1.28% $6.2M	241.9K shares	Q4 2020 Held for 4y 11m	$485.7M
Covington Investment Advisors Inc. RIA/Wealth	Patrick R. Wallace President	1.07% $8.0M	312.7K shares	Q4 2024 Held for 11 months	$746.9M
HENGEHOLD CAPITAL MANAGEMENT LLC RIA/Wealth	Jake Elliott Butcher President	0.86% $10.1M	393.2K shares	Q4 2022 Held for 2y 11m	$1.2B
LBMC INVESTMENT ADVISORS, LLC RIA/Wealth	Gregory Michael Herman President	0.72% $11.2M	438.5K shares	Q1 2024 Held for 1y 8m	$1.6B
Heartwood Wealth Advisors LLC RIA/Wealth	Stephen Timothy Clarke Managing Partner	0.64% $6.6M	258.9K shares	Q4 2022 Held for 2y 11m	$1.0B
Cypress Point Wealth Management, LLC RIA/Wealth	Ai Vee Nmn Mcaninch President	0.62% $3.1M	119.5K shares	Q4 2023 Held for 1y 11m	$494.2M
Granite Harbor Advisors, Inc. RIA/Wealth	Timothy Brian Smith CEO	0.59% $1.4M	54.6K shares	Q3 2024 Held for 1y 2m	$237.9M
H Hills Bank & Trust Co Institution	-	0.58% $9.9M	384.6K shares	Q3 2023 Held for 2y 2m	$1.7B
Kathmere Capital Management, LLC RIA/Wealth	Michael P Mcdermott President	0.56% $7.9M	309.3K shares	Q3 2023 Held for 2y 2m	$1.4B

Hedge Fund Spotlight

Discover hedge funds investing in IBMQ

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 Dec 2028 Term Muni Bond

Market Value: $572.2K
Shares Held: 22.3K
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%