iShares U.S. Oil & Gas Exploration & Production ETF

IEO • BATS

iShares U.S. Oil & Gas Exploration & Production ETF is an exchange-traded fund on BATS. As of Q3 2025, 148 institutional investors hold shares in this ETF, with total holdings valued at $178.2M. MORGAN STANLEY is the largest holder with a position valued at $31.7M.

Overview

Overview of institutional ownership in IEO as of Q3 2025

All Institutions

Institutions: 148
Value Held: $178.2M
Shares Held: 1.9M
Avg Position: $1.2M
Median Position: $207.2K

Hedge Funds

Hedge Funds: 3
Value Held: $10.3M
Shares Held: 111.1K
Avg Position: $3.4M
Median Position: $2.6M

Biggest Investors

Institutions with the largest positions in IEO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$31.7M 0.00% of portfolio	342.1K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$13.6M 0.00% of portfolio	146.6K shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$10.4M 0.00% of portfolio	112.1K shares	≤ Q2 2013 Held for 12y 5m+	$488.50B
L LPL Financial LLC Institution	-	$9.3M 0.00% of portfolio	100.9K shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$5.9M 0.01% of portfolio	63.7K shares	Q1 2025 Held for 8 months	$62.0B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$5.2M 0.00% of portfolio	55.7K shares	Q4 2018 Held for 6y 11m	$341.99B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$5.0M 0.00% of portfolio	54.2K shares	≤ Q2 2013 Held for 12y 5m+	$433.11B
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	Wayne Michael Bloom CEO	$4.7M 0.01% of portfolio	51.0K shares	Q4 2017 Held for 7y 11m	$71.1B
MML INVESTORS SERVICES, LLC RIA/Wealth	Vaughn Charles Bowman CEO	$4.6M 0.01% of portfolio	49.4K shares	Q4 2021 Held for 3y 11m	$36.7B
R ROYAL BANK OF CANADA Institution	-	$4.4M 0.00% of portfolio	47.6K shares	≤ Q2 2013 Held for 12y 5m+	$542.04B

Net Capital Flow

Institutional buying and selling activity for IEO in Q3 2025

Traded: −$4.0M
Buyers: 52
Sellers: 72
Total Bought: +$14.5M
Total Sold: −$18.5M
Avg Position: $1.1M

Biggest Buyers

Institution	Net Bought	Current Position
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$5.9M +63.7K shares	$5.9M 63.7K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$2.1M +22.3K shares	$3.5M 37.6K shares
WELLS FARGO & COMPANY/MN Institution	+$1.3M +14.1K shares	$10.4M 112.1K shares
Rockefeller Capital Management L.P. Long Only Manager	+$784.7K +8.5K shares	$784.7K 8.5K shares
Tradewinds, LLC. RIA/Wealth	+$506.1K +5.5K shares	$506.1K 5.5K shares
BANK OF AMERICA CORP /DE/ Institution	+$473.5K +5.1K shares	$13.6M 146.6K shares
Arete Wealth Advisors, LLC RIA/Wealth	+$364.6K +3.9K shares	$1.7M 18.1K shares
S SIMPLEX TRADING, LLC Institution	+$361.5K +3.9K shares	$373.1K 4.0K shares
Investors Research Corp RIA/Wealth	+$315.7K +3.4K shares	$2.7M 29.1K shares
PFG Advisors RIA/Wealth	+$244.9K +2.6K shares	$244.9K 2.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
B BNP PARIBAS ARBITRAGE, SA Institution	−$4.4M −50.0K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$2.3M −24.5K shares	$2.6M 27.8K shares
UBS Group AG Institution	−$1.9M −20.3K shares	$3.7M 40.0K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$1.3M −14.3K shares	$5.2M 55.7K shares
MORGAN STANLEY RIA/Wealth	−$1.3M −13.9K shares	$31.7M 342.1K shares
T Tower Research Capital LLC Institution	−$748.6K −8.1K shares	$757.2K 8.2K shares
M MANUFACTURERES LIFE INSURANCE CO Institution	−$647.9K −7.0K shares	$1.6M 17.3K shares
Sunbelt Securities, Inc. RIA/Wealth	−$597.1K −6.4K shares	$171.5K 1.9K shares
J JANE STREET GROUP, LLC Institution	−$564.3K −6.4K shares	Sold Off 0 shares
Mutual Advisors, LLC RIA/Wealth	−$457.4K −5.0K shares	$3.1M 33.6K shares

Entry and Exit Activity

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

New Positions: 4
New Value: $144.0K
Exited Positions: 18
Exited Value: $6.2M

New Positions

Institution	Position Value
O one8zero8, LLC Institution	$132.1K 1.4K shares
Roxbury Financial LLC RIA/Wealth	$9.3K 101.0 shares
Morse Asset Management, Inc RIA/Wealth	$2.0K 22.0 shares
Sontag Advisory, LLC RIA/Wealth	$467.0 5.0 shares

Exited Positions

Institution	Previous Position
B BNP PARIBAS ARBITRAGE, SA Institution	$4.4M 50.0K shares
J JANE STREET GROUP, LLC Institution	$564.3K 6.4K shares
Marshall Wace LLP Institution	$413.1K 4.7K shares
Vanguard Capital Wealth Advisors RIA/Wealth	$258.2K 2.9K shares
Prospera Financial Services RIA/Wealth	$237.4K 2.7K shares
FRANKLIN RESOURCES INC Institution	$110.8K 1.3K shares
GeoWealth Management, LLC RIA/Wealth	$61.6K 695.0 shares
Capital Analysts, Inc. RIA/Wealth	$37.4K 422.0 shares
Ameritas Advisory Services, LLC RIA/Wealth	$24.6K 278.0 shares
B BOKF, NA Institution	$23.3K 263.0 shares

Options Activity

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

Call Positions: 4
Call Value: $2.2M
Put Positions: 2
Put Value: $444.5K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.5M 158.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$722.3K 78.0 contracts
National Asset Management, Inc. RIA/Wealth	$46.3K 500.0 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$444.5K 48.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Stegent Equity Advisors, Inc. RIA/Wealth	Loyd James Stegent President	2.75% $3.4M	36.2K shares	Q2 2024 Held for 1y 5m	$122.2M
C COTTONWOOD CAPITAL ADVISORS, LLC RIA/Wealth	Matthew Donald Pappas Managing Partner	1.40% $1.9M	20.8K shares	Q4 2021 Held for 3y 11m	$137.3M
Audent Global Asset Management, LLC Hedge Fund•Multi-Strategy	John Matthew Hughes COO	1.31% $1.8M	19.5K shares	Q4 2021 Held for 3y 11m	$137.5M
Independent Family Office, LLC Family Office	William Michael Reickert Managing Partner	0.50% $1.2M	12.8K shares	Q4 2020 Held for 4y 11m	$236.3M
Investors Research Corp RIA/Wealth	David Max Ragland President	0.50% $2.7M	29.1K shares	Q1 2022 Held for 3y 8m	$540.7M
Wealth Management Partners, LLC RIA/Wealth	Morgan Troy Brown Founder	0.47% $1.5M	15.9K shares	Q3 2022 Held for 3y 2m	$314.3M
A AMICA MUTUAL INSURANCE CO Institution	-	0.37% $4.0M	42.8K shares	Q3 2023 Held for 2y 2m	$1.1B
M MARTIN & CO INC /TN/ RIA/Wealth	Michael Wright Holt CEO	0.36% $2.0M	21.7K shares	≤ Q2 2013 Held for 12y 5m+	$561.9M
Endowment Wealth Management, Inc. RIA/Wealth	Prateek Nmn Mehrotra President	0.32% $703.9K	7.6K shares	Q4 2021 Held for 3y 11m	$220.3M
A Amica Retiree Medical Trust Institution	-	0.29% $203.3K	2.2K shares	Q3 2024 Held for 1y 2m	$71.1M

Hedge Fund Spotlight

Discover hedge funds investing in IEO

TWO SIGMA INVESTMENTS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $62.0B
Positions: 3,252
Last Reported: Q3 2025

Sector Allocation

Position in iShares U.S. Oil & Gas Exploration & Production ETF

Market Value: $5.9M
Shares Held: 63.7K
Portfolio Weight: 0.01%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$680.4M	1.10%
2 Financial Select Sector SPDR Fund XLF	ETF ETF	$582.6M	0.94%
3 Consumer Staples Select Sector SPDR Fund XLP	ETF ETF	$489.6M	0.79%