iShares S&P Mid-Cap 400 Value ETF

IJJ • ARCA

iShares S&P Mid-Cap 400 Value ETF is an exchange-traded fund on ARCA. As of Q3 2025, 792 institutional investors hold shares in this ETF, with total holdings valued at $5.6B. MORGAN STANLEY is the largest holder with a position valued at $522.5M.

Overview

Overview of institutional ownership in IJJ as of Q3 2025

All Institutions

Institutions: 792
Value Held: $5.6B
Shares Held: 43.3M
Avg Position: $7.1M
Median Position: $530.1K

Hedge Funds

Hedge Funds: 7
Value Held: $9.5M
Shares Held: 73.5K
Avg Position: $1.4M
Median Position: $982.2K

Biggest Investors

Institutions with the largest positions in IJJ as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$522.5M 0.03% of portfolio	4.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$472.2M 0.10% of portfolio	3.6M shares	≤ Q2 2013 Held for 12y 5m+	$488.50B
FMR LLC Institution	-	$460.0M 0.02% of portfolio	3.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$307.4M 0.02% of portfolio	2.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
UBS Group AG Institution	Sergio P. Ermotti CEO	$279.5M 0.05% of portfolio	2.2M shares	Q4 2014 Held for 10y 11m	$511.54B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$255.4M 0.07% of portfolio	2.0M shares	≤ Q2 2013 Held for 12y 5m+	$341.99B
PNC FINANCIAL SERVICES GROUP, INC. Institution	William S. Demchak CEO	$171.0M 0.10% of portfolio	1.3M shares	≤ Q2 2013 Held for 12y 5m+	$164.83B
D DAVIDSON D A & CO Institution	-	$130.8M 0.84% of portfolio	1.0M shares	≤ Q2 2013 Held for 12y 5m+	$15.6B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$112.5M 0.04% of portfolio	867.2K shares	Q4 2024 Held for 11 months	$310.43B
CULLEN/FROST BANKERS, INC. Institution	Phillip D. Green CEO	$108.3M 1.26% of portfolio	834.9K shares	Q1 2015 Held for 10y 8m	$8.6B

Net Capital Flow

Institutional buying and selling activity for IJJ in Q3 2025

Traded: −$25.1M
Buyers: 268
Sellers: 308
Total Bought: +$212.3M
Total Sold: −$237.3M
Avg Position: $6.7M

Biggest Buyers

Institution	Net Bought	Current Position
Balance Wealth, LLC RIA/Wealth	+$32.6M +251.2K shares	$32.6M 251.2K shares
Pensionmark Financial Group, LLC Pension/Endowment	+$27.3M +210.4K shares	$27.9M 215.0K shares
Vestmark Advisory Solutions, Inc. Fund of Funds	+$17.1M +131.6K shares	$17.1M 131.6K shares
UBS Group AG Institution	+$14.3M +110.6K shares	$279.5M 2.2M shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$10.4M +80.2K shares	$255.4M 2.0M shares
Leeward Investments, LLC - MA Long Only Manager	+$7.0M +54.2K shares	$7.0M 54.2K shares
D DAVIDSON D A & CO Institution	+$6.9M +53.3K shares	$130.8M 1.0M shares
Equitable Holdings, Inc. Institution	+$6.4M +49.2K shares	$10.1M 78.1K shares
Cordatus Wealth Management LLC RIA/Wealth	+$5.6M +43.4K shares	$5.6M 43.4K shares
Summit Financial, LLC RIA/Wealth	+$5.3M +41.1K shares	$6.3M 48.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
MIDLAND WEALTH ADVISORS LLC RIA/Wealth	−$34.2M −263.5K shares	$43.6M 335.7K shares
MORGAN STANLEY RIA/Wealth	−$32.3M −248.7K shares	$522.5M 4.0M shares
L Laurel Wealth Advisors LLC RIA/Wealth	−$22.2M −179.7K shares	Sold Off 0 shares
Willis Johnson & Associates, Inc. RIA/Wealth	−$17.3M −133.0K shares	$43.7M 337.1K shares
Evensky & Katz LLC RIA/Wealth	−$13.9M −107.1K shares	$44.9M 345.9K shares
GOLDMAN SACHS GROUP INC Institution	−$9.1M −70.4K shares	$3.8M 29.4K shares
Bank of New York Mellon Corp Institution	−$7.7M −59.1K shares	$54.6M 420.9K shares
WELLS FARGO & COMPANY/MN Institution	−$7.3M −56.1K shares	$472.2M 3.6M shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	−$6.0M −45.9K shares	$34.0M 262.5K shares
NORTHERN TRUST CORP Institution	−$5.8M −44.5K shares	$87.6M 675.6K shares

Entry and Exit Activity

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

New Positions: 22
New Value: $47.7M
Exited Positions: 43
Exited Value: $40.4M

New Positions

Institution	Position Value
Balance Wealth, LLC RIA/Wealth	$32.6M 251.2K shares
Leeward Investments, LLC - MA Long Only Manager	$7.0M 54.2K shares
Ramiah Investment Group RIA/Wealth	$3.5M 26.8K shares
Berman McAleer LLC RIA/Wealth	$1.7M 13.0K shares
V Vise Technologies, Inc. Institution	$451.1K 3.5K shares
Steel Peak Wealth Management LLC RIA/Wealth	$416.5K 3.2K shares
C Clarity Financial LLC Institution	$398.9K 3.1K shares
BBR PARTNERS, LLC Family Office	$259.4K 2.0K shares
VestGen Advisors, LLC RIA/Wealth	$257.0K 2.0K shares
E Elm Partners Management LLC Institution	$212.1K 1.6K shares

Exited Positions

Institution	Previous Position
L Laurel Wealth Advisors LLC RIA/Wealth	$22.2M 179.7K shares
P Patriot Financial Group Insurance Agency, LLC Institution	$4.8M 39.2K shares
J JANE STREET GROUP, LLC Institution	$2.4M 19.0K shares
MONEY CONCEPTS CAPITAL CORP RIA/Wealth	$1.6M 12.6K shares
Financial Advocates Investment Management RIA/Wealth	$1.2M 10.0K shares
Sather Financial Group Inc RIA/Wealth	$1.1M 9.2K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$963.9K 7.8K shares
New Age Alpha Advisors, LLC Hedge Fund•Multi-Strategy	$832.9K 6.7K shares
VALLEY FORGE INVESTMENT CONSULTANTS INC ADV RIA/Wealth	$685.5K 5.5K shares
SRS Capital Advisors, Inc. RIA/Wealth	$664.8K 5.3K shares

Options Activity

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

Call Positions: 2
Call Value: $609.7K
Put Positions: 1
Put Value: $350.2K

Call Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$609.7K 47.0 contracts
Oribel Capital Management, LP Hedge Fund•Long/Short	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$350.2K 27.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Balance Wealth, LLC RIA/Wealth	Robert Jerry Gavlak CEO	8.12% $32.6M	251.2K shares	Q3 2025 Held for 2 months	$401.2M
Sterling Financial Planning, Inc. RIA/Wealth	Nicholas Anthony Nicolette President	6.05% $19.2M	147.9K shares	Q4 2020 Held for 4y 11m	$316.8M
C Corundum Trust Company, INC Institution	-	4.31% $1.7M	13.2K shares	Q2 2024 Held for 1y 5m	$39.6M
Foundation Wealth Management, LLC RIA/Wealth	Daniel Joseph Ladd CIO	4.25% $6.4M	49.1K shares	Q4 2022 Held for 2y 11m	$149.7M
SJA Financial Advisory, LLC RIA/Wealth	Matthew Paul Goihl CEO	3.87% $5.7M	44.3K shares	Q4 2017 Held for 7y 11m	$148.3M
Omega Financial Group, LLC RIA/Wealth	Dylan Blu Minor CIO	3.81% $11.3M	87.4K shares	Q4 2018 Held for 6y 11m	$297.3M
Ramiah Investment Group RIA/Wealth	Ramu Ramiah President	3.44% $3.5M	26.8K shares	Q3 2025 Held for 2 months	$101.1M
F First Citizens Financial Corp Institution	-	3.29% $6.7M	51.3K shares	Q2 2023 Held for 2y 5m	$202.3M
Fortitude Financial, LLC RIA/Wealth	Sanjiv Kumar Founder	3.26% $2.9M	44.9K shares	Q2 2025 Held for 5 months	$87.7M
T TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA Institution	-	3.03% $2.5M	19.6K shares	Q3 2024 Held for 1y 2m	$83.7M

Hedge Fund Spotlight

Discover hedge funds investing in IJJ

Factorial Partners, LLC

Hedge Fund • Value

Portfolio ManagerMark Philip Kleiman

Portfolio Value: $138.3M
Positions: 65
Last Reported: Q3 2025

Sector Allocation

Position in iShares S&P Mid-Cap 400 Value ETF

Market Value: $2.5M
Shares Held: 18.9K
Portfolio Weight: 1.77%
Owned Since: 2020-Q1

Top Holding	Sector	Market Value	Weight
1 United Rentals URI	Rental & Leasing Services Industrials	$8.9M	6.41%
2 Federated Hermes FHI	Asset Management Financial Services	$8.3M	5.98%
3 Synchrony Financial SYF	Financial - Credit Services Financial Services	$6.7M	4.88%